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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608725

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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608725

Sodium Metal Market, By Product Type, By End-use Industry, By Geography

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The sodium metal market is estimated to be valued at USD 320.3 Mn in 2024 and is expected to reach USD 503.3 Mn by 2031, exhibiting at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.

Report Coverage Report Details
Base Year: 2023 Market Size in 2024: 320.3 Mn
Historical Data for: 2019 to 2023 Forecast Period: 2024 to 2031
Forecast Period 2024 to 2031 CAGR: 6.70% 2031 Value Projection: 503.3 Mn
Figure. Sodium Metal Market Share (%), By Region, 2024
Sodium Metal Market - IMG1

Sodium metal is a soft silvery white metallic element which is highly reactive. It has a melting point of 98°C and it boils at 883°C. Sodium metal easily reacts with oxygen and water to form sodium oxide and sodium hydroxide respectively. It is highly combustible in the presence of air and must be stored under oil or inert gas to prevent contact with air. Major applications of sodium metal include in sodium-vapor lamps, sodium-sulfur batteries, dyes and chemicals, glass manufacturing and textiles. Sodium metal is also used as reducing agent in organic synthesis and metallurgy.

Market Dynamics:

Sodium metals market growth is driven by growing applications of sodium metal batteries for energy storage applications. Sodium sulfur and sodium ion batteries are gaining traction for large scale energy storage due to low cost of sodium compared to lithium. Additionally, growing glass and detergent industry is also fueling the demand for sodium metal in the manufacturing of sodium hydroxide. However, high costs associated with the production of sodium metal due to complex process and safety hazards during production and storage is a major challenge. Development of safe and economical production techniques can help in overcoming this challenge. Furthermore, growing research in sodium ion batteries for electric vehicles also presents new opportunities in coming years.

Key features of the study:

This report provides in-depth analysis of the global sodium metal market and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global sodium metal market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Inner Mongolia LanTai Industrial Co., Ltd, Wanji Holdings Group Limited Ltd, MSSA S.A.S., Shandong Moris Tech Co., Ltd., and American Elements

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global sodium metal market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sodium metal market

Market Segmentation

  • Product Type Insights (Revenue, USD Mn, 2019 - 2031)
    • Sodium Metal Solid
    • Sodium Metal in Solution
  • End-use Industry Insights (Revenue, USD Mn, 2019 - 2031)
    • Chemical and Petrochemical
    • Energy and Power
    • Pharmaceuticals
    • Textiles and Dyes
    • Others
  • Regional Insights (Revenue, USD Mn, 2019 - 2031)
    • North America
    • U.S.
    • Canada
    • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
    • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
    • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
    • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
    • Africa
    • South Africa
    • North Africa
    • Central Africa
  • Key Players Insights
    • Inner Mongolia LanTai Industrial Co., Ltd
    • Wanji Holdings Group Limited Ltd
    • MSSA S.A.S.
    • Shandong Moris Tech Co., Ltd.
    • American Elements
Product Code: CMI3544

Table of Contents

1. Research Objectives and Assumptions

  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Product Type
    • Market Snippet, By End-use Industry
    • Market Snippet, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • PEST Analysis
    • PORTER's Five Forces Analysis
    • Market Opportunities
    • Regulatory Scenario
    • Key Developments
    • Industry Trend

4. Global Sodium Metal Market - Impact of Coronavirus (COVID-19) Pandemic

  • Overview
  • Factors Affecting the Global Sodium Metal Market - COVID-19
  • Impact Analysis

5. Global Sodium Metal Market, By Product Type, 2019-2031, (USD Mn)

  • Introduction
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Sodium Metal Solid
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Sodium Metal in Solution
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends

6. Global Sodium Metal Market, By End-use Industry, 2019-2031, (USD Mn)

  • Introduction
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Chemical and Petrochemical
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Energy and Power
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Pharmaceuticals
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Textiles and Dyes
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Others
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends

7. Global Sodium Metal Market, By Region, 2019-2031, (USD Mn)

  • Introduction
    • Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, For Region, 2020 - 2031
  • North America
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Region, 2020 - 2031
    • Market Size and Forecast, By Product Type, 2019- 2031, (USD Mn)
    • Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
      • U.S.
      • Canada
  • Latin America
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Region, 2020 - 2031
    • Market Size and Forecast, By Product Type, 2019- 2031, (USD Mn)
    • Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Europe
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Region, 2020 - 2031
    • Market Size and Forecast, By Product Type, 2019- 2031, (USD Mn)
    • Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
      • U.K.
      • Germany
      • Italy
      • France
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Region, 2020 - 2031
    • Market Size and Forecast, By Product Type, 2019- 2031, (USD Mn)
    • Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
  • Middle East
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Region, 2020 - 2031
    • Market Size and Forecast, By Product Type, 2019- 2031, (USD Mn)
    • Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
      • GCC Countries
      • Israel
      • Rest of Middle East
  • Africa
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Region, 2020 - 2031
    • Market Size and Forecast, By Product Type, 2019- 2031, (USD Mn)
    • Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
    • Market Size and Forecast, By Country/Sub-region, 2019- 2031, (USD Mn)
      • South Africa
      • North Africa
      • Central Africa

8. Competitive Landscape

  • Heat Map Analysis
  • Market Share Analysis (3x3 Matrix)
  • Company Profiles
    • Inner Mongolia LanTai Industrial Co., Ltd
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Wanji Holdings Group Limited Ltd
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • MSSA S.A.S.
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Shandong Moris Tech Co., Ltd.
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • American Elements
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates

9. Analyst Recommendation

  • Wheel of Fortune
  • Analyst View
  • Coherent Opportunity Map

10. Section

  • References
  • Research Methodology
  • About Us and Sales Contact
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