Market Overview:
Sodium Tungstate, with
the formula Na2WO4 is an inorganic compound. It is the sodium salt of tungstic
acid, which is colorless or white color crystalline powder and water-soluble
solid. Sodium Tungstate acts as analytical reagent, catalyst, fire proofing
agent. Sodium tungstate can be used in manufacturing various chemical elements
such as tungsten salts, metal tungasten, tungsten acid, dyes. It is a medium
that helps in conversion of tungsten ores to the metal.
Global & US Sodium
Tungstate Market: Applications
Sodium Tungstate is an
inorganic compound that is applicable in multiple fields such as chemical
industries, medical, metal industries, glass industry, and textile industry and
many others.
In medicinal field, it
is applied for treating as an anti-diabetic and anti-obesity agent. When
administered orally sodium tungstate acts as an effective antidiabetic agent.
Sodium tungstate have dual effects of on adipocyte biology i.e. stimulation of
cellular oxygen consumption and inhibition of adipogenesis.
Sodium Tungstate are
used in manufacturing various types of heteropoly acid color lakes that are
used in printing inks, plants, waxes, glasses, and textiles.
Global & US Sodium
Tungstate: Market Influencer
Globally, Sodium
Tungstate market is growing rapidly due to its multiple applications and uses
in wide range of industries. Mainly sodium tungstate deals with industries that
are involved in chemicals. As per studies the market for chemical products is
expected to grow of about 5.6 trillion euros by 2035 resulting there is huge
stability for chemical industries. As there is high growing rate for chemical
industries in the world simultaneously there is growth in Sodium tungstate
market.
Global & US Sodium
Tungstate: Market Segmentation
The Sodium tungstate
market is divided into following segments
Segmentation by
Application
- Anti-diabetic Agent
- Anti-obesity agent
- Catalyst
- Permanent chemical modifier
Segmentation by
Channel Participants
- Research laboratories
- Textile industry
- Chemical industry
- Metal industry
- Glass industry
- Medical industry
- Others
Global & US Sodium
Tungstate: Regional Market Information
North America
Globally, North
America is leading market for Sodium Tungstate. This is mainly because of the
growth rate of large and diverse manufacturing industry trends to track the
GDP. US is the one of the raising market for overall chemical industry.
According to the study it is expected that for the next 10 years U.S. would
represents of about 80% chemical market in North America. And U.S. will be the
largest chemical exporters in North America. The trend of re-industrialization
is one of the factors for the growth of Sodium tungstate market.
Europe
Europe region is also
showing high growth in Sodium tungstate market. Germany and Italy are top two
countries for chemical industry. The main reason for the growth of Sodium
tungstate market in Europe is the high productivity and innovation towards the
chemical industries. The growth and development of large scale industry and
small scale industry has huge impact on market for sodium tungstate.
Global & US Sodium
Tungstate Market: Key Players
Some of the prominent
key players in the global & US Sodium Tungstate market are as Kat-Chem Ltd,
Ganzhou Grand Sea W& Mo Group Co., Ltd, Yuanhang Tungsten, HCstarck,
Taizhou BangDe, Ningxiang Changyi etc.
Market Research Future introduces about 2016 Global & US Sodium
Tungstate Market during the forecast period 2016-2027 which mainly
includes the growth drivers, trends and restraints and how the market will grow
in the future across the globe. In this report, Market Research Future has
focused on the current market scenario which includes market segmentation, market
dynamics, and competitive landscape along with company profiles.
Every report of Market
Research Future comprises of extensive primary research along with the
detailed analysis of qualitative as well as quantitative aspects by various industry
experts, key opinion leaders to gain the deeper insight of the market and
industry performance. The report gives the clear picture of current market
scenario which includes historical and projected market size in terms of value
and volume, technological advancement, macro economical and governing factors
in the market. The report also gives a broad study of the different market
segments and regions.
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