Sodium molybdate (Na2MO4) or disodium dioxide molybdenum is a chemical compound with a molecular weight of 241.95 g/mol. It is extensively used as a corrosion inhibitor for water treatment in industrial applications, as a nutritional supplement in the food industry, and in fertilizer applications.
It is used for nitrogen fixation in order to support healthy growth of leguminous plants such as peas, clover, and lucerne. Sodium molybdate is used as an effective additive in the production of sodium chlorate to minimize environmental impact without hampering efficiency.
Growing industrialization is leading to the discharge of wastewater and harmful chemicals in the ecosystem. Stringent government regulations associated with the environmental safety and water disposal is increasing adoption of chemical and water treatment solutions.
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According to United Nations Industrial Development Organization’s (UNIDO) report published in 2017, global Manufacturing Value Added (MVA) was valued at US$ 11.9 trillion in 2015, and is anticipated to increase further in near future. Furthermore, emerging economies such as China and India recorded the fastest growth with India shifting from 14th position in 2005 to 6th position in 2015, in the ranking of world’s largest manufacturing industry. Expanding manufacturing production is creating higher demand for water treatment solutions. Subsequently, increasing the demand for sodium molybdate in near future.
The increasing cost of raw material and toxicity of sodium molybdate is predicted to hamper the market growth. However, rising demand for high-performance pigments & dyes from infrastructure and textile industry coupled with increasing awareness towards healthy and dietary supplement are major drivers for the market growth. Sodium molybdate is found in dietary supplements and is a good source of molybdenum. Escalating applications of sodium molybdate in various applications such as seed and water treatment is projected to upsurge the demand from end-use industries.
Sodium Molybdate Market - Key Players
Key players operating in the sodium molybdate market include Sisco Research Laboratories Pvt. Ltd., Redox Pty Ltd, Merck KGaA, The Chem-Met Company, and Nippon Inorganic Colour & Chemical CO., Ltd.
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Sodium Molybdate Market Taxonomy
On the basis of product type, the global sodium molybdate market is segmented into:
On the basis of application, the global sodium molybdate market is segmented into:
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