Industry Background:
Sodium metal is a soft silvery compound belong to the alkali family reference to the periodic table. It is highly reactive and explosive in nature. It requires high precautions in handling and storage. Sodium metal has various applications in chemical industries to the nuclear industry. Highly demanded in manufacturing industries of sodium peroxide, sodium cyanide, and sodamide. Sodium metal also used as a coolant in some nuclear reactionsThis growth is primarily driven by Growing Alloy Industries and High Demand For Manufacturing Sodium Peroxide, Sodium Cyanide, Sodamide.
Globally, a noticeable market trend is evident Highly Demanded In Clothing And Textile Industries For Denim
. Major Vendors, such as Inner Mongolia Lan Tai Industrial Co. Ltd (China), Wanji Holdings Group Limited Ltd (China), MSSA S.A.S (France), Shangdong Moris Tech Co. Ltd (China), American Elements (United States), The Chemours Company (United States), China National Salt Industry Corporation (China), Goodfellow (England), Chem-Supply (Australia), Asahi Kasei Corporation (Japan) and DuPont (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2019 DuPont announced it has signed agreement to acquire Desalitech Ltd a closed circuit reverse osmosis (CCRO) company. The transactions are expected to close in January 2020, subject to customary closing conditions and regularly approvals financials terms of the agreement were not closed. This acquisition in the high-growth water purification space reinforces the strategic intent to provide a robust portfolio of technologies of current and future challenges while advancing our corporate commitment to sustainability
In April 2018 American elements announced the expansion of its bulk lithium metal production facilities to meet the growing demand for lightweight aluminum –lithium alloys in aerospace manufacturing. New capacity is the second phase of a lithium production expansion that began with the lithium compound and alloy expansion announced on February 28. The focus of production includes high purity alloy grade lithium metal ingot and billet for high strength, low-density structural sheet metals
Regulatory Insights:
The Toxic Substance Control Act (TSCA) by the United States Environmental protection Agency (EPA) regulates the introduction of new or already existing chemicals. The regulations address the manufacturing, distribution, use and disposal of commercial and industrial chemicals.
Market Drivers
- Growing Alloy Industries
- High Demand For Manufacturing Sodium Peroxide, Sodium Cyanide, Sodamide
Market Trend
- Highly Demanded In Clothing And Textile Industries For Denim
- Highly Used In Biodiesel
Restraints
- Alternative Such As Magnesium Are Available
- Difficulties In Handling And Storage
Opportunities
Growing Dye Industries and Increasing Demand In Aerospace Sector
Challenges
Highly Explosive Metal and Difficult To Use In Room Temperature
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Sodium Metal Study Sheds Light on
The Sodium Metal Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Sodium Metal industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sodium Metal industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.