Published by Coherent Market Insights
Posted on September 21, 2021
Sodium is a chemical compound with symbol Na and is soft, silvery alkali metals which belong to group 1. Sodium metal is produced from electrolysis process of fused caustic soda with little carbon and iron. Sodium metal is used as a coolant in a nuclear reactor and also has a wide range of applications across metal, chemical, paper, petroleum, soap, glass, and textile industries. Moreover, sodium metal is also used as a heat transfer fluid in high-temperature pipes. Furthermore, baking soda, ordinary table salt, soaps, and detergents, baking powder and aspirin are some of the sodium products. Moreover, sodium metal is also used to make artificial rubber.
The global sodium metal market is projected to reach around US$ 400.3 million by the end of 2027, in terms of revenue, growing at CAGR of 4% during the forecast period (2019-2027).
Top Key Players in Sodium Metal market: Inner Mongolia LanTai Industrial Co., Ltd, Wanji Holdings Group Limited, MSSA S.A.S., Shandong Moris Tech Co., Ltd., and American Elements.
Regional Analysis For Sodium Metal Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Sodium Metal market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Growing demand for sodium metal for the production of indigo dye which is further used in the dyeing of cotton yarn is expected to foster the market growth of sodium metal. Sodium metal is a key ingredient used in the production of indigo dye. Hence, growing textile industry, growing demand for denim product and rising per capita income of the developed economies is expected to foster the market growth of sodium metal over the forecast timeframe.
Growing demand for rubber products and sodium metal is used in the production of rubber is expected to accelerate the market growth over the forecast period. Moreover, the growing consumption of sodium metal for producing various sodium compounds across the various end-user industry is further expected to foster market growth.
Key players are investing in order to strengthen their share in the market and to cater to the rising demand for sodium metal, especially from countries such as China and the U.S. is expected to accelerate the market growth. For instance, in 2016, Inner Mongolia LanTai Industrial Co., Ltd., largest sodium manufacturer with a plant in China, announced its plans for investment in capacity ramp-up for sodium production by nearly 20,000 metric tons in order to meet the demand for sodium from domestic so also from overseas market.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Sodium Metal market Regulations and Competitive Landscape Outlook, 2021 to 2027 appeared first on Gatorledger.
Sodium is a chemical compound with symbol Na and is soft, silvery alkali metals which belong to group 1. Sodium metal is produced from electrolysis process of fused caustic soda with little carbon and iron. Sodium metal is used as a coolant in a nuclear reactor and also has a wide range of applications across metal, chemical, paper, petroleum, soap, glass, and textile industries. Moreover, sodium metal is also used as a heat transfer fluid in high-temperature pipes. Furthermore, baking soda, ordinary table salt, soaps, and detergents, baking powder and aspirin are some of the sodium products. Moreover, sodium metal is also used to make artificial rubber.
The global sodium metal market is projected to reach around US$ 400.3 million by the end of 2027, in terms of revenue, growing at CAGR of 4% during the forecast period (2019-2027).
Top Key Players in Sodium Metal market: Inner Mongolia LanTai Industrial Co., Ltd, Wanji Holdings Group Limited, MSSA S.A.S., Shandong Moris Tech Co., Ltd., and American Elements.
Regional Analysis For Sodium Metal Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Sodium Metal market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Growing demand for sodium metal for the production of indigo dye which is further used in the dyeing of cotton yarn is expected to foster the market growth of sodium metal. Sodium metal is a key ingredient used in the production of indigo dye. Hence, growing textile industry, growing demand for denim product and rising per capita income of the developed economies is expected to foster the market growth of sodium metal over the forecast timeframe.
Growing demand for rubber products and sodium metal is used in the production of rubber is expected to accelerate the market growth over the forecast period. Moreover, the growing consumption of sodium metal for producing various sodium compounds across the various end-user industry is further expected to foster market growth.
Key players are investing in order to strengthen their share in the market and to cater to the rising demand for sodium metal, especially from countries such as China and the U.S. is expected to accelerate the market growth. For instance, in 2016, Inner Mongolia LanTai Industrial Co., Ltd., largest sodium manufacturer with a plant in China, announced its plans for investment in capacity ramp-up for sodium production by nearly 20,000 metric tons in order to meet the demand for sodium from domestic so also from overseas market.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Sodium Metal market Regulations and Competitive Landscape Outlook, 2021 to 2027 appeared first on Gatorledger.
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