Global & US Sodium Tungstate 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.
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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:
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 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 Industryare 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 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.
The reports also covers brief analysis of Geographical
Region includes:
Americas
- North America (US, Canada)
- Latin America (Argentina, Brazil, Mexico, Rest of LATAM)
Europe
- Western Europe (Germany, France, Italy, Spain, U.K, Rest
of Western Europe)
- Eastern Europe (Poland, Russia)
Asia – Pacific
- Asia (China, India, Japan, South Korea, Rest of Asia)
- Pacific Countries (Australia, New Zealand)
Middle East & Africa
- Middle East (Saudi, Qatar, UAE)
- Rest of Middle East (Africa, South Africa, Rest of Africa)
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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