Market Overview:
Sodium tungstate is the inorganic compound with the formula Na2WO4. This white, water-soluble solid is the sodium salt of tungstic acid. Sodium tungstate market has high growth prospects owing to increasing use in medical industry as a antidiabetic agent and anti-obesity agent. Also,used in various application such as a catalyst, analytical reagent, fire proofing agent, etc.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Anchor Chemicals (India), Chem-Met (United States), Ganzhou Grand Sea W& Mo Group Co., Ltd. (China), HCstarck (United States), Kat-Chem Ltd. ( Hungary), Ningxiang Changyi (China), Nova Oleochem (India), Taizhou BangDe (China), Merck KGaA (Germany) and Alfa Aesar (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Sodium Tungstate Market Study:
Anchor Chemicals (India), Chem-Met (United States), Ganzhou Grand Sea W& Mo Group Co., Ltd. (China), HCstarck (United States), Kat-Chem Ltd. ( Hungary), Ningxiang Changyi (China), Nova Oleochem (India), Taizhou BangDe (China), Merck KGaA (Germany) and Alfa Aesar (United States)
Sodium Tungstate Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Antidiabetic Agent, Anti-obesity Agent, Catalyst, Permanent Chemical Modifier, Fuel Cell Electrode Material and Fire Proofing Agent |
End User Industry | Textile Industry,Chemical Industry,Metal Industry,Glass Industry,Medical Industry,Others |
Grade | ACS Reagent Grade,Technical Grade,Grade I (99.5%),Grade II (98.5%) |
Sodium Tungstate Market Changing Dynamics
Attributes | Details |
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Growth Drivers | - Increasing Use of Sodium Tungstate in Medical Industry
- Sodium Tungstate Used as Catalyst in Paint Dyes
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Influencing Trends | - Sodium Tungstate Involved in the Manufacturing of Metal Tungsten, Tungsten Acid
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Restraints | - Fluctuation in the Price of Raw Material
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Road Blocks / Challenges | - Availability of Substitutes in the Market
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Gaps & Opportunities | - Growth in Chemical Industry in Emerging Countries
- Demand of Sodium Tungstate as a Fire Resistant
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Some of the other players that are also part of study are Toronto Research Chemicals (Canada) and Honeywell Fluka (United States). The Global Sodium Tungstate market is gaining huge competition due to involvement of China companies that constantly invest in research & development to meet market expectation with new innovation.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sodium Tungstate market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Sodium Tungstate market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Sodium Tungstate Suppliers/Distributors, Chemical Industry, Research and Development Organisation and Potential Investor.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.