USD 3.0 billion
Sodium Tungstate Market Size, Share, Growth Analysis, By Type(Purity Above 99.0% and Purity Below 99.0%), By Application(Mordant, Catalysts, Pigments, Analytical Reagent), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15F2125 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
65
Sodium Tungstate Market Insights
Global Sodium Tungstate Market size was valued at USD 3.0 billion in 2022 and is poised to grow from USD 3.29 billion in 2023 to USD 6.90 billion by 2031, growing at a CAGR of 9.7% in the forecast period (2024-2031).
Sodium tungstate is an inorganic compound with the chemical synthesis of Na2WO4. It is made by treating the tungsten alloy with sodium chemicals such as sodium hydroxide or sodium carbonate. It is a white solid that is soluble in water and has a crystalline appearance. It is used as a catalyst for epoxidation of alkanes & oxidation of alcohols to aldehydes or ketones. In addition, it is used in serum protein & serum protein-free filtration tests; as an alkaline precipitating agent; and in the manufacture of metallic tungsten, tungstate, tungsten oxide, waterproof clothing, & flame-retardant clothing.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Catalysts
Fastest Growth
Growth Rate
9.7% CAGR
Global Sodium Tungstate Market ($ Bn)
Country Share for North America Region (%)
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Sodium Tungstate Market Segmental Analysis
On the basis of Type, the market is segmented into Purity Above 99.0% and Purity Below 99.0%. On the basis of Application, the market is segmented into Mordant, Catalysts, Pigments, Analytical Reagent, and Textile Industry. On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa.
Analysis by Type
Purity More than 99.0% Sodium tungstate is the main sodium tungstate content of more than 99 percent of the chemical, making it an ideal solvent for various industrial applications such as mordant, catalyst, textile industry etc. High purity and it forms the material tungsten oxide as a raw material. Manufacturers use advanced technology and equipment to produce sodium tungstate.
Purity less than 99.0% sodium tungstate also known as sodium metatungstate or meta tungstic acid, 50-99.99% by weight is in water and the remaining 28% is considered a contaminant but not harmful to human health. These tungsten chemical compounds have various applications such as semiconductor manufacturing, ceramics and petroleum refining.
Analysis by Application
The global sodium tungstate market for mordant use is driven by the growing demand from the textile industry using sodium tungstate as a raw material due to its good color properties in various dyes such as acid dyes or cationic dyes Also has the corresponding excellent cellulose fibers which makes it suitable for use in various end-use industries such as textiles, home textiles, etc. Sodium tungstate is used as a textile and laundry solvent Also known as sodium tungstate sodium peroxodisulfate or STP.
As a catalyst, sodium tungstate is growing due to its antioxidant properties that help stabilize chemical substances and prevent damage from sunlight, oxygen, etc. Sodium tungstate is used in catalysts to promote separation, hydrogenation and polymerization by sodium oxidation reaction tungstate to benzene or naphthalene as a powder catalyst that converts nas to maleic acid There are applications. It is a source of WO and sodium ions which can be further oxidized by air to form sodium peroxide (NaO) under certain conditions.
Global Sodium Tungstate Market By Application
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Sodium Tungstate Market Regional Insights
The North America region holds the largest share in this market owing to high demand from end-use industries such as textile manufacturing. The North America market is expected to be a potential segment in the global market by 2024-2031. In the North America region, the United States held the largest market share in this region, and the U.S. is expected to hold the largest share of the market. will follow the same trend over the forecast period, followed by Canada.
Asia-Pacific is expected to witness strong growth owing to improving economic conditions and rising disposable income of consumers. Most of the Asia-Pacific developing countries remain the focus of large sodium and tungstate companies, and a large proportion of these companies are investing in new entry routes and infrastructure expansion.
Global Sodium Tungstate Market By Region
- Largest
- Fastest
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Sodium Tungstate Market Dynamics
Drivers
Growing Demand for Eco-friendly Substitutes of Chemical Pesticides to Support Market Growth
- The increasing demand for industrial products in the market due to increased urbanization has led to an increase in manufacturing industries requiring raw materials such as sodium tungstate. This could boost sales as long as they are more accessible at competitive prices to the growth of local manufacturers who have better access to raw materials across the country.
Restraints
Restrictive Rules for Global Manufacturers to Compete in the Global Industry
- Currently, there are a number of regulations on domestic manufacturers operating in India in order to restrict them from competing effectively with large foreign institutions that can derive directly related benefits beyond external sources of funding.
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Sodium Tungstate Market Competitive Landscape
The competitive environment of the global Sodium Tungstate market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- Andermatt Biocontrol Ag
- Certis USA L.L.C.
- Futureco Bioscience S.A.
- Jaivik Crop Care
- Mark Organics
- Nufarm
- Parry America Inc.
- Sikko Industries Ltd.
- UPL LIMITED
- Vision Mark Biotech
Recent Developments
- Camoa Kakula in the Democratic Republic of Congo, Quelaveco in Peru, Spence-SGO (already underway), Quebrada Blanca QB2 in Chile and Udokan in Russia are among the major projects starting in Early 2021/2022, as well as a global epidemic improved conditions too , could support 3.7 percent growth in 2022.
Sodium Tungstate Key Market Trends
- Sodium tungstate is often used to make tungsten, which is then widely used in the textile industry. Sodium tungstate is widely used in the textile industry for fire retardant and waterproof fabrics. The textile industry was booming in various places. For example, the Indian textile and apparel market was worth US$108.5 billion in 2015 and is expected to grow to US$226 billion by 2023, with a compound annual growth rate of 8.7% in 2009 and between 2023. The Malaysian Investment and Development Authority (MIDA), in 2018, approved a total of 18 projects in the textile and apparel products industry totaling RM851 million in Malaysia.
Sodium Tungstate Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. The growth of the global sodium tungstate market is driven by the increasing demand for tungstate as an anti-diabetic and anti-obesity drug in the rapidly growing medical industry but fluctuations in raw materials & pricing restrain the market the development process. The growing number of applications is expected to provide growth opportunities for the market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.0 billion |
| Market size value in 2031 | USD 6.90 billion |
| Growth Rate | 9.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sodium Tungstate Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sodium Tungstate Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sodium Tungstate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sodium Tungstate Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sodium Tungstate Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sodium Tungstate Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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