- 14 June 2019 21:37
Growing Awareness Regarding The Benefits Related To Biofuels Is Major Factors Expected To Drive Growth Of The Sodium Methoxide Solution As A Biodiesel Catalyst Market
Sodium methoxide is used as an alkali catalyst for production of biodiesel from vegetable oils and bio-fats through transesterification process. The global Sodium Methoxide Solution As A Biodiesel Catalyst Market is estimated to value at around US$ 0.3 Bn in 2017, and is expected to register a CAGR of 3.1%.
Global Sodium Methoxide Solution as a Biodiesel Catalyst Market Dynamics:
Various advantages of sodium methoxide that enable attaining consistent quality with higher biodiesel yield, coupled with government initiatives and support towards production of eco-friendly fuels are major factors expected to drive growth of the global sodium methoxide solution as a biodiesel catalyst market over the forecast period. Sodium methoxide (CH3ONa), sodium hydroxide (NaOH), and potassium hydroxide, (KOH) are the most commonly used homogeneous base catalysts for the transesterification process. CH3ONa is considered a more effective catalyst than NaOH and KOH, and hence is more widely used in the production of biodiesel.
In addition, increasing demand for alternative fuels, coupled with increasing biodiesel production globally, are the other factors expected to further fuel growth of the global sodium methoxide solution as a biodiesel catalyst market in the near future. Diesel emissions are known to contribute to symptoms related to lung and respiratory disorders, and even diseases such as cancer and cardiovascular diseases. In addition, some lung problems are connected with particulate matter, including exhaust fumes, soot, and smoke emitted by diesel vehicles. For instance, a study by the Environmental Health Analytics, LLC has revealed that diesel exhaust gasses can be linked to 38,000 early deaths worldwide. And that figure could climb as high as an annual death rate of 183,600 in 23 years, if no action is taken and alternative fuels are used.
Analysis By Segmentation:
The market report has been segmented on the basis of product type, application, and region. The product type segment includes sodium methoxide based on sodium and sodium methoxide based on sodium hydroxide. By application segment includes biodiesel from vegetable oil and biodiesel from bio-fat. The regions/countries covered in the analysis are North America, Europe, China, Japan, Southeast Asia, India, South America, and Middle East & Africa.
By Product Type: The sodium methoxide based on sodium hydroxide segment is expected to register highest CAGR over 3.1% over the forecast period
By Application: The biodiesel from vegetable oil segment is expected to register highest CAGR over 3% in the global market over the forecast period
By Region/Country: The market in Europe is expected to register highest CAGR over 3.3% in the global sodium methoxide solution as a biodiesel catalyst market over the forecast period.
Global Sodium Methoxide Solution as a Biodiesel Catalyst Market: Competitive Analysis
The research report on the global sodium methoxide solution as a biodiesel catalyst market includes profiles of some of major companies such as Merck KGaA, Desatec, TGV SRAAC LTD., Evonik Industries AG, BASF SE, Camera Agroalimentos SA, and TSS Group.
The Global Sodium Methoxide Solution as a Biodiesel Catalyst Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2018–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global sodium methoxide solution as a biodiesel catalyst market for 2018–2027.
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