Sodium methoxide has a wide range of applications and the market still has room for development in the future.
Sodium methoxide, also known as sodium methylate, can be produced through the exothermic reaction of elemental sodium and methanol. Sodium methoxide is a hazardous chemical that is corrosive and flammable. It is usually stored in a solution of alcoholic solvents such as methanol and ethanol. Sodium methoxide includes solid and liquid forms. Solid sodium methoxide is a colorless amorphous powder, soluble in methanol and ethanol, and decomposes into methanol and sodium hydroxide when exposed to water; liquid sodium methoxide is a colorless or slightly yellow viscous liquid. , easily absorb moisture.
Sodium methoxide has been used for many years, and the market has become increasingly mature. As a chemical raw material, sodium methoxide is widely used in medicine, chemicals, pesticides, oil processing, food, dyes and other fields. In the field of medicine, sodium methoxide can be used to produce vitamins, sulfadoxine, sulfadiazine, trimethoprim and other drugs; in the field of dyes, sodium methoxide can be used to produce products such as Hansa yellow, tartrazine, methyl violet, toluidine and so on. ; In the chemical industry, sodium methoxide can be used as a condensing agent and a strong alkaline catalyst to produce biodiesel, ethyl acetate, methyl formate, ethyl malonate, etc.
According to the “2022-2027 Sodium Methoxide Industry Market In-depth Research and Investment Prospect Forecast Analysis Report released by the Industrial Research Center, methanol Sodium has a wide range of application fields and broad market demand. Benefiting from this, the global sodium methoxide market maintains a growth trend. It is expected that from 2022 to 2026, the global sodium methoxide market will maintain an average annual compound growth rate of more than 3.0%, and in 2026 grew to $220 million.
The release of demand in the downstream market will boost the growth of the sodium methoxide market. However, as one of the hazardous chemicals, the development of the sodium methoxide market still has problems such as safety, environmental protection, and high raw material costs. The global sodium methoxide market is mainly distributed in North America, Europe and the Asia-Pacific region. In recent years, thanks to the rise of emerging economies, the sodium methoxide market in the Asia-Pacific region has grown rapidly and gradually dominated the global sodium methoxide market.
There are many suppliers in the sodium methoxide market, and market competition is intensifying. In the international market, sodium methoxide suppliers include BASF of Germany, DuPont of the United States, Evonik of Germany, SMOTEC Plus, Desatec of the United States, etc. In the domestic market, sodium methoxide suppliers There are Ningxia Henghui Lufeng Technology, Yulin Hongsheng Energy and Chemical, Xinjiang Xinzhongshun Chemical Technology, Shenghongfeng Chemical, etc. With the advantages of large quantity, high quality and high cost performance, domestic sodium methoxide has been exported to overseas markets such as India and Southeast Asia.
Industry analysts said that sodium methoxide is a dangerous chemical and the cost of raw materials is high, which limits its market development to a certain extent. However, as a As one of the chemical raw materials, sodium methoxide has a wide range of applications. With the development of the downstream market, the sodium methoxide market still has room for growth. There are many sodium methoxide production companies and the market competition is fierce. Domestic companies continue to seize the international market share by virtue of their cost-effectiveness, scale and other advantages.