Sodium Methylate Market | Contrive Datum Insights

Market Overview:

The Global Sodium Methylate Market Is Projected To Grow At A CAGR Of 6.7% During The Forecast Period And Was Valued At USD 6.91 Billion In 2022 And Is Projected To Grow At USD 11.61 Billion By 2030.

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Sodium methylate, which is also called sodium methoxide (molecular formula: CH3ONa), can be made when elemental sodium and methanol react in a way that gives off heat. The solid form of sodium methylate is a white to pale yellow powder that has no smell. It can burn, but it doesn't explode, and it can break apart when exposed to high heat.

In the business world, sodium methylate can be bought as a solid or a liquid. Most of the time, sodium methylate is sold as a 25% to 30% solution in methanol. It is used to make things like vitamin A1, B1, trimethoprim, sulfadiazine, and analytical agents, among other things.

It is also used a lot as a catalyst in making biodiesel. It's easy for sodium methylate to react with oxygen. To keep it from breaking down into sodium hydroxide and methanol, sodium methylate should not come into contact with water or moisture or air at high temperatures (above 1260C).

Alcohols like methanol and ethanol dissolve sodium methylate very well, but toluene and benzene don't. As a catalyst, sodium methylate is used in many ways, especially in making biodiesel.

COVID-19 Impact:

Due to the COVID-19 outbreak, which shut down factories, there aren't enough supplies to meet demand on the global sodium methylate market. Disruptions in the supply of raw materials are expected to slow down operations at full scale. The lack of raw materials has also caused their prices to go up. It might take longer for the affected supply chain to get back to normal. Due to the COVID-19 outbreak, the industrial shutdown has also made it harder to move products and stock. This is because logistics services have been slowed down.

Market Dynamics:

Market Trends:

The growth was spurred by the growing need for sodium methylate as a catalyst in things like making edible oils, grease, and synthetic detergents. The market is also growing because the chemical is being used more and more in the pharmaceutical industry to make vitamins, Sulfadoxine, Sulfadiazine, Trimethoprim, and other medicines. But the high cost of the materials used to make sodium methylate could be a big problem for the product. But in the coming years, the market is likely to grow because there is more demand for biodiesel, which is being helped by good government programs in many countries.

Driving Factors:

• Growing Health Issues and Changing Lifestyle Pattern

People are getting heart disease, sleep problems, anxiety, bacterial infections, and nerve problems at a much younger age than they used to. It also includes how adults' habits change because of social pressure and work-life pressure. Research shows that about 51% of adults felt stressed and depressed, while almost 61% of adults said they felt anxious and 32% said they thought about killing themselves. Different sedatives can help treat these kinds of problems, and antibiotics can help both animals and people fight off bacteria. Also, analgesics are used to treat pain in the growing number of older people who have problems with arthritis, and antiarrhythmics treat and prevent problems with heart rhythm and heart rate.

• Increasing Demand for Detergents and Cleaners

Sodium methylate is used as a cleaner and to make detergents in a wide range of industries, including the laundry, automobile, textile, and building industries. During the next few years, the sodium methylate market is likely to grow because these industries will need more detergents and cleaners.

• Increasing Demand for Biodiesel

Biodiesel is a fuel that is good for the environment and can be made over and over again from things like vegetable oils, animal fats, and used cooking oil. In the process of making biodiesel, sodium methylate is used as a catalyst. During the next few years, the sodium methylate market is likely to grow due to the rising demand for biodiesel.

Restraints/Challenges:

• Stringent Environmental Regulations

Because sodium methylate is flammable, corrosive, and poisonous, it is considered to be a dangerous substance. During the period of the forecast, the sodium methylate market is expected to grow slowly because of strict rules about how to handle and get rid of dangerous substances.

• High Cost of Raw Materials

Due to more companies making raw materials for sodium methylate in the coming year, the price of sodium methylate goods will soon go down. The profit margin for each production unit will be different. These are the things that make it hard for businesses to grow. The high amount of mercury in the sodium solution ruins the final product and stops sodium methylate from working as a catalyst. This keeps the market from growing.

• Use Of Alternatives in Food Ingredients

Sodium methylate is used in a lot of food ingredients, which has an effect on general health and leads to a number of health problems. People are less likely to regularly use sodium-based chemicals because they are more concerned about their health. Consumers are looking for alternatives that can be used as healthy ingredients, and manufacturers are replacing it with other nutrient-rich ingredients. For example, Gnosis by Lesaffre said it was changing the industry by replacing sodium in food ingredients with nutrient-rich yeast to support and maintain different metabolic functions. This is expected to lower its demand on the global market. Due to a lack of methylamine around the world, the solid sodium methylate industry can't reach its full potential on a global scale. This is also slowing the growth of market revenue.

Opportunities:

• Slightly Increasing the Biodegradability of Sodium Methoxide

By making sodium methoxide a little bit easier to break down, the growth of the market can be seen as a possibility. Also, sodium methoxide is a common type of organic chemistry base that can be used to make a wide range of molecules, from medicines to agrochemicals. Also, government programs and the growing need for biofuels are likely to lead to profitable opportunities.

• Extensive Use of Sodium Methylate in the Pharmaceutical Production

Strategic Development:

• In October 2021 - The famous German chemical company BASF has started making alcoholates again at its Ludwigshafen plant. The alcoholates are used as catalysts to make biodiesel, and it is expected that production will start in the second half of 2022.
• In August 2021 - After the fire at its German plant, BASF said that it would not be able to make sodium methylate, sodium ethylates, and potassium methylate solutions and crystals. But now they have started rebuilding the parts that were damaged by the fire. During the repair time, the company is trying to get sodium methylate and other alcoholates from all over the world. It also plans to import sodium methylates from its factory in Brazil.
• In January 2020 - In Geesthacht, Germany, a German company called Evonik found a new silica plant that can be used for many different things.
• In April 2019 - BASF will boost the amount of sodium methoxide it can make at its plant in Brazil. The capacity will go from 60,000 metric tons, which it is now, to 80,000 metric tons, which is a 30% increase. In 2020, the new capacity will be available.
• In December 2018 - Evonik Corporation made a big increase in the amount of sodium methoxide it can make at its plant in Mobile, Alabama. When the Mobile plant is finished, it will be able to make up to 90,000 metric tons per year.

Key Vendors:

Top market players are

• BASF

BASF SE makes chemicals. Chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas are the six areas that the company works in. BASF makes products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries. It also offers a wide range of system solutions and services.

• Evonik Industries

Evonik Industries AG (Evonik) is a specialty chemical company that is a part of RAG-Stiftung. It sells surfactants, polymers, resins, additives, and many other things. The company's products are used in many different markets, such as agriculture, renewable energy, paints and coatings, paper and printing, metal and oil products, electrical and electronics, food and animal feed, consumer and personal care products, pharmaceuticals, plastics and rubber, automotive, and construction.

• DuPont

Evonik Industries AG (Evonik) is a specialty chemical company that is a part of RAG-Stiftung. It sells surfactants, polymers, resins, additives, and many other things. The company's products are used in many different markets, such as agriculture, renewable energy, paints and coatings, paper and printing, metal and oil products, electrical and electronics, food and animal feed, consumer and personal care products, pharmaceuticals, plastics and rubber, automotive, and construction.

• Anhui Jinbang Medicine Chemical

Chemicals are made by Anhui Jinbang Medicine Chemical Co., Ltd. The company makes sodium methoxide, ethyl malonate, diethyl ether, hexamethyldisiloxane, and other things. Anhui Jinbang Medicine Chemical also makes biochemical reagents, pharmaceutical intermediates, and other things.

• Zibo Xusheng Chemical

The main office of Zibo Xusheng Chemical Co., Ltd. is in China. The company's main line of business is making chemical preparations.

• Inner Mongolia Lantai Industrial

Inner Mongolia Lantai Sodium Industry Co., Ltd. is in the business of selling chemicals. The company sells in bulk items like sodium metal, sodium chlorate, trichloroisocyanuric acid, and more. China is where Inner Mongolia Lantai Sodium Industry does business.

Segmentation Analysis:

The market is segmented on the basis of type, packaging type, application, end-user and regions.

By Type Outlook:

The sodium methylate market is split into two types based on how it is used: solid and liquid. In 2021, the solid segment brought in the most money. The sodium methylate crystals are white and look like needles or plates. They dissolve in water. In the chemical industry, it is mostly used to make methylamines and methanol, which are important for making phenols, acetone, acetic acid, and aniline, among other organic chemicals. It is also used to make biodiesel by trans-esterifying vegetable oils with different types of alcohol (methanol). The solid form of sodium methylate has been studied because it has unique properties like a low vapor pressure, a high melting point, and the ability to resist oxidation. Because of these qualities, it is also often used in the pharmaceutical industry, where large amounts of pure liquid hydrocarbons need to be made.

During the time frame of the forecast, the liquid segment is expected to have a steady rate of revenue growth. This is a clear, flammable liquid that is used as a solvent, in chemical synthesis, to make antifreeze, and to make formaldehyde and acetic acid. This liquid form can be used to make biodiesel because it speeds up the process. Also, this liquid form is being used in more places because the biodiesel industry is growing, which is expected to drive revenue growth in this segment.

• Solid Sodium Methylate
• Liquid Sodium Methylate

By Packaging Type:

In 2018, the drums packaging segment had the largest share of the market at 50.90%. The drums packaging segment is the most popular because the drums protect the products from heat, moisture, direct light, ignition sources, etc.

• Drums
• Bulk Containers
• Glass Bottles

By Application Outlook:

The market is led by the catalyst segment, which was worth about USD 112.76 Million in 2018. For large-scale biodiesel production today, sodium methylate is the catalyst of choice. As a catalyst, it speeds up the chemical reaction that makes biodiesel by lowering the amount of energy needed to start the reaction.

• Catalyst
• Precipitant

By End-User:

Sodium methylate is used in pharmaceuticals, agrochemicals, plastics and polymers, personal care, analytical reagents, biodiesel, and other products. In 2021, the pharmaceuticals segment brought in the most money. In the pharmaceutical industry, sodium methylate is mostly used to make analytical reagents, edible catalysts, and solvents. Solid sodium methylate is used to make medicines such as antiarrhythmics, antibiotics, sedatives, and painkillers. Solvent methanol is often found in nail polish removers. It can dissolve a wide range of other chemicals (including fats). Methoxide can be used to make "caustic potash," which can be heated to high temperatures and mixed with sodium metal or potassium to remove oil-based paint from brushes.

During the forecast period, the biodiesel segment is expected to have a moderate growth rate in sales. Solid sodium methylate is used as a catalyst to speed up the transesterification process during the making of biodiesel. It can stabilize the fatty acid methyl esters made during this process, which could make them more stable and make them last longer. It is also used to speed up the process of turning virgin oils into FAMEs. Also, it has been shown that small amounts of sodium methylate in solid form can speed up reactions involving carboxylic acids or alcohols. This is expected to increase demand around the world.

• Pharmaceutical
• Agrochemicals
• Plastics and Polymers
• Personal Care
• Analytical Reagent
• Biodiesel

Regional Insights:

The global Sodium Methylate market has been looked at in different parts of the world, like North America, Latin America, the Middle East, Asia-Pacific, Africa, Europe, and India. In the near future, this market will be dominated by the global Sodium Methylate region.
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Asia-Pacific led the world market in 2019, thanks to the presence of major manufacturers and China's growing trade. The market for sodium methylate in Asia-Pacific is likely to grow as the auto and transportation industries grow. In 2019, North America also had a big share of the world market for sodium methylate.

During the period of the forecast, the market in Europe is expected to grow at a fast CAGR. This is because the demand for biodiesel in the region is growing.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Scope of Report:

Conclusion:

• The report gives a detailed look at the parent market's trends, and governing factors, as well as each segment's market attractiveness.
• The report also shows how different market factors affect different market segments and places.
• The report also helps you understand the dynamics and structure of the Global Sodium Methylate Market by analyzing the market segments and estimating the size of the Global Sodium Methylate Market.