The Global [FURL=https://www.reportsanddata.com/report-detail/sodium-molybdate-market]Sodium Molybdate Market[/FURL] is forecast to reach USD 3.67 Billion by 2027, according to a new report by Reports and Data. Sodium Molybdate is a white-colored inorganic sodium salt chemically having molybdate as the opposite ion. This chemical compound usually comes with crystalline solid and powder formation for the end uses. Sodium molybdate dihydrate is first produced and then synthesized to create anhydrous form of the chemical. Based on the end-use, these two types of sodium molybdate is formulated. Dihydrate contains water molecules, whereas the anhydrous form doesn’t contain water and offer a more pure form.Key participants include 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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Further key findings from the report suggest
Surface treatments of the metals using this chemical compound include anti-corrosion characteristics which increase the longevity of the metal products, and also helps in heightening its productivity in the water surface.
Growing penetration of the online retailing businesses for the food items, especially in the emerging nations in Asia Pacific continent, is helping the market grow by broadening the outreach of the sellers in the areas where the scarcity of the offline vendors is observed.
North America, with its high demand for this chemical in fertilizer manufacturing and feed supplement production for livestock, is accounted to retain a significant position in the global market by 2027, and the CAGR is calculated to be 7.1% during the forecast period.
For the purpose of this report, Reports and Data have segmented the global sodium molybdate market on the basis of sales channel, type, end-use verticals, and region:
Sales Channel Outlook (Revenue, USD Billion; 2016-2027)
Online Retailing
Medical Stores & Brand Outlet
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Type Outlook (Revenue, USD Billion; 2016-2027)
Anhydrous
Dihydrate
End-Use Verticals Outlook (Revenue, USD Billion; 2016-2027)
Agricultural Industries
Lubricant & Flame Retardant
Feed Supplement
Pigment & Coating
Metal Finishing Industry
Others
Regional Outlook (Revenue, USD Billion; 2016-2027)
North America
US
Europe
UK
France
Asia Pacific
China
India
Japan
MEA
Latin America
Brazil
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