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Press Release
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According to a new report by EMR titled, ‘Global Sodium Metal Market Report and Forecast 2021-2026’, the global market for sodium metal is expected to grow at a CAGR of 3.2% between 2021 and 2026.
The global sodium metal industry is being driven by the growing product demand in various application sectors, particularly in the production of dyes and chemical synthesis. North America is one of the most significant regions in the global market for sodium metal. The increasing demand for sodium metal in the synthesis of various chemicals is propelling the regional market growth. Within North America, the United States is the major consumer of the product, accounting for a significant share in the industry. Moreover, the growing demand for denim is driving the demand for indigo dyes, which, in turn, contributes to the growth of the sodium metal industry. The increase in sales of denim clothes and apparel owing to their easy availability through online platforms like Amazon.com, Inc. (NASDAQ: AMZN) and Alibaba Group Holding Ltd (NYSE: BABA) is expected to aid the industry growth in the forecast period.
The growing research and development activities by the key players are expected to further aid the industry growth. Nippon Soda Co., Ltd, one of the key players in the industry, has designated the Odawara Research Centre (Odawara, Kanagawa) and Chiba Research Centre (Ichihara, Chiba) to strengthen its core businesses and expand into the fields of agrochemicals, pharmaceuticals, environment, and information. Such developments are expected to create enhanced growth opportunities for the market expansion in the forecast period.
Market Breakup by Application and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global sodium metal market include Alkali Metals Ltd, Nippon Soda Co., Ltd, KPL International Limited, Inner Mongolia Lantai Industrial Co., Ltd, and Shandong Xinhua Pharma, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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