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Global Sodium Metal Market: By Application: Dyes, Chemical Intermediate, Sodium Compounds, Metal Manufacturing and Refining, Pharmaceuticals, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Sodium Metal Market Outlook
The global sodium metal market is expected to grow at a CAGR of 3.2% in the forecast period of 2023-2028.
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The Asia Pacific to Significantly Contribute to the Sodium Metal Industry Growth
The Asia Pacific held a significant share in the industry in 2020 and is expected to witness a robust growth in the forecast period. The growth can be attributed to the increasing demand for sodium metal in dyeing, metallurgical, and chemical applications. Sodium metal is one of the primary ingredients in the production of indigo dyes. The escalating disposable incomes and improving standards of living are leading to the growth of the textile industry, which is aiding the market growth in the region. Within the Asia Pacific, China is one of the most significant regions and occupies a major chunk in the industry. However, India is expected to witness a surge in demand for the product over the forecast period owing to the thriving pharmaceutical sector and growing demand for sodium related compounds. Other significant regions for the market include North America and Europe.
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Sodium Metal: Market Segmentation
Sodium, a very soft silvery-white substance, is the most common alkali metal. It is the sixth most common element on the earth and can be found in several compounds, especially common salt, that is, sodium chloride (NaCl). It is by far the most commercially important alkali metal. It is mostly produced via the electrolysis of molten sodium chloride.
Based on application, the market is segmented into:
- Dyes
- Chemical Intermediate
- Sodium Compounds
- Metal Manufacturing and Refining
- Pharmaceuticals
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Product Demand in Various End Use Sectors to Bolster the Sodium Metal Industry Growth
Owing to its inexpensive nature, sodium metal is widely used in the production of gasoline additives, dyes, polymers, such as nylon and synthetic rubber, pharmaceuticals, and several metals, such as tantalum, titanium, and silicon. It is particularly used to produce indigo dyes, which are used for denim clothing. The growing demand for apparel and denim, along with the expanding textile industry, are particularly aiding the growth of the market. This is further supported by the rapid economic growth and the rise in per capita income across the emerging nations. As sodium methylate is one of the most commonly used catalysts for large-scale biodiesel production, the growing demand for biodiesel is anticipated to further boost the industry growth. The surge in demand for pharmaceuticals and the growing R&D activities amidst the COVID-19 pandemic are expected to significantly aid the industry growth over the forecast period.
Key Industry Players in the Global Sodium Metal Market
The report gives a detailed analysis of the following key players in the global sodium metal market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Alkali Metals Ltd
- Nippon Soda Co., Ltd
- KPL International Limited
- China Salt Inner Mongolia Chemical Co., Ltd.
- Shandong Xinhua Pharma
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Dyes, Chemical Intermediate, Sodium Compounds, Metal Manufacturing and Refining, Pharmaceuticals, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Alkali Metals Ltd, Nippon Soda Co., Ltd, KPL International Limited, China Salt Inner Mongolia Chemical Co., Ltd., Shandong Xinhua Pharma, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Sodium Metal Market Analysis
8.1 Key Industry Highlights
8.2 Global Sodium Metal Historical Market (2018-2022)
8.3 Global Sodium Metal Market Forecast (2023-2028)
8.4 Global Sodium Metal Market by Application
8.4.1 Dyes
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Chemical Intermediate
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Sodium Compounds
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Metal Manufacturing and Refining
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Pharmaceuticals
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Sodium Metal Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operation Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Alkali Metals Ltd
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Nippon Soda Co., Ltd
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 KPL International Limited
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 China Salt Inner Mongolia Chemical Co., Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Shandong Xinhua Pharma
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments
List of Key Figures and Tables
1. Global Sodium Metal Market: Key Industry Highlights, 2018 and 2028
2. Global Sodium Metal Historical Market: Breakup by Application (USD Billion), 2018-2022
3. Global Sodium Metal Market Forecast: Breakup by Application (USD Billion), 2023-2028
4. Global Sodium Metal Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Sodium Metal Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Sodium Metal Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Sodium Metal Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Sodium Metal Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Sodium Metal Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Sodium Metal Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Sodium Metal Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Sodium Metal Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Sodium Metal Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Sodium Metal Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Sodium Metal Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. North America Historical Price Trends and Forecast 2018-2028
17. Europe Historical Price Trends and Forecast 2018-2028
18. Asia Pacific Historical Price Trends and Forecast 2018-2028
19. Latin America Historical Price Trends and Forecast 2018-2028
20. Middle East and Africa Historical Price Trends and Forecast 2018-2028
21. Global Sodium Metal Market Structure
Key Questions Answered in the Report
The global sodium metal market is projected to grow at a CAGR of 3.2% between 2021 and 2026.
The major drivers of the industry, such as rising disposable incomes, growing demand for sodium-based metals and compounds, rising demand from the developing regions, and increased utilisation of indigo dyes for denim clothing, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing pharmaceutical sector and increasing investments in R&D activities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading application segments in the market are dyes, chemical intermediate, sodium compounds, metal manufacturing and refining, and pharmaceuticals, among others.
The major players in the industry are Alkali Metals Ltd, Nippon Soda Co., Ltd, KPL International Limited, China Salt Inner Mongolia Chemical Co., Ltd., and Shandong Xinhua Pharma, among others.
Analyst Review
The global sodium metal market is being driven by the expanding textile industry and growing product demand for various applications. Aided by the growing pharmaceutical sector, the market is expected to witness a moderate growth in the forecast period of 2023-2028, growing at a CAGR of 3.2%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By application, the market is divided into dyes, chemical intermediate, sodium compounds, metal manufacturing and refining, and pharmaceuticals, among others. The major regional markets for sodium metal are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Alkali Metals Ltd, Nippon Soda Co., Ltd, KPL International Limited, China Salt Inner Mongolia Chemical Co., Ltd., and Shandong Xinhua Pharma, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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