Sodium Methylate Market: Overview
Sodium methylate (CH?Ona), also known as sodium methoxide, is a versatile chemical reagent and catalyst. It is available in white amorphous powder, which is formed by the deprotonation of methanol. It is a majorly used as reagent in various industries and laboratories. Sodium methylate Market reacts with water and forms sodium hydroxide and methyl alcohol. Sodium methylate is used as a catalyst in the production of biodiesel. The key advantage of sodium methylate is its virtually water-free character of the catalyst solution, which leads to low purification cost, high yield, and consistent biodiesel quality
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Rise in Demand for Biofuels to Drive Global Sodium Methylate Market
Increase in need for reducing the carbon emissions in the transportation industry and growth in awareness about global warming and the Paris climate change objectives are major factors driving the demand for biofuels. Expansion in the automotive industry in Asia Pacific is projected to drive the demand for biodiesel. Rise in government initiatives for biodiesel production consequently create lucrative opportunities for the sodium methylate market during the forecast period. Extensive use of sodium methylate in the pharmaceutical production and rapid growth in the pharmaceutical industry are anticipated to drive the global sodium methylate market Increase in consumption of sodium methylate as a catalyst in various applications, including grease, edible oil processing, and synthetic detergents, is also estimated to drive the market during the forecast period. Presence of mercury during manufacturing of sodium methylate solution leads to contamination of the product. Manufacturers are developing alternative manufacturing methods and using different raw materials to avoid mercury presence. This is expected to propel the global sodium methylate market. Volatility in prices of raw materials such as methanol is expected to restrain the market during the forecast period The global sodium methylate market is facing supply-demand shortages due to the industrial shutdown triggered by the COVID-19 outbreak. Disruption in raw material supply is projected to hamper full-scale operations. Supply shortage has also led to a rise in prices of raw materials. Affected downstream supply chain might take longer to recover. The industrial shutdown has also