Sodium Molybdate Market:
Sodium Molybdate or disodium dioxide molybdenum is a chemical compound which is extensively used as a corrosion inhibitor for water treatment in industrial applications. It is also used as a nutritional supplement in the food factory industry and in fertilizer applications for nitrogen fixation to support the growth of leguminous plants such as peas, Clover etc.
Market Drivers:
Growing industrialization leads to disposal of harmful and toxic wastewater and residual chemicals in the ecosystem which leads to many environmental problems, for which the government laws are focusing on wastewater treatment solutions which subsequently increase the demand of sodium molybdate.
Key Companies of the Sodium Molybdate Market are:
Hydrite Chemical Co., Noah Technologies Corporation, Omkar Speciality Chemicals Limited, Chem-Met Co Inc, Aldon Corporation, Merck KGaA, Mil-Spec Industries Corporation, Old Bridge Chemicals, Inc., Mallinckrodt Pharmaceuticals, North Metal Chemical Co., and among others.
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The increasing cost of raw material and toxicity of sodium molybdate can hamper the market growth however rising demands of colour pigments and dyes from infrastructure and textile industries are major drivers of the market growth of sodium molybdate. Sodium molybdate is found in dietary supplements and is a good source of molybdate which escalates the applications of sodium molybdate.
Sales Channel Outlook (Revenue, USD Billion; 2016-2027)
Type Outlook (Revenue, USD Billion; 2016-2027)
End-Use Verticals Outlook (Revenue, USD Billion; 2016-2027)
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Sodium Molybdate Regional Analysis:
On the basis of region, the global sodium molybdate market is segmentation into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The North America region is expected to grow as the demand for fertilizers and nutritional supplements is increasing. Asia Pacific region which is highly industrialized so the need for sodium molybdate is more. Growing food industries also play a crucial role in the demand of sodium molybdate in this region.
Regional Outlook (Revenue, USD Billion; 2016-2027)
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