Global Sodium Tungstate Market is Forecast to Touch USD Billion by 2027, Growing at a CAGR During 2020 to 2027
According to BlueWeave Consulting, the Sodium Tungstate market has reached USD Million in 2019 and is further projected to reach USD billion by 2027, growing at a CAGR during the forecast period. Sodium Tungstate, having the formula Na2WO4. It is an inorganic compound. The sodium salt of tungstic acid is a colorless or white color crystalline powder. It is a water-soluble compound. It acts as an analytical reagent, catalyst, fireproofing agent. It could be used in manufacturing multiple chemical elements such as tungsten salts, metal tungsten, tungsten acid, and dyes.
An array of applications in Medical science and related
As the world population is increasing. There’s been constant focus given to achieving a healthy and long life. With the increasing world obesity and related problems, the focus of many health and medical-related researchers has gone to find a solution from the root itself. Where the role of sodium tungstate has drawn a lot of attention. Its properties which include the inhibition of the generation of fat cells among others has played as the base for many conducted scientific experiments, trials, etc.
Sodium tungstate as permanent chemical modifier
Sodium tungstate helps in various industry settings. One such is being a permanent chemical modifier. The use of a permanent chemical modifier helps with increasing graphite tube lifetime. It eliminates volatile impurities during the thermal coating process, decreases the detection limits, and reduces the total heating cycle time. Eventually, minimizing the high purity chemical consumption.
North America to Dominate the Global Sodium Tungstate Market
According to the regional analysis, the global Sodium Tungstate market has the highest growth in North America. Because of large growths that take place in that region’s manufacturing rate in the healthcare and related industries. We can conclude by analyzing the GDP and industry trends in America that it’s going to raise the largest value for the overall chemical industry.
Regional analysis is done which of the major companies of the Sodium Tungstate market are Chem-Met, Nova Oleochem, Alpha Chem, Nithyasri Chemicals, HC Starck, Anchor Chemicals, Ganzhou Grand Sea W& Mo Group Co., Ltd, Taizhou BangDe, SAJAN OVERSEAS, Yuanhang tungsten, Ningxiang Changyi, and Zaoqiang Jinying, Taizhou Rundong.
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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global Sodium Tungstate market size & forecast. The report promises to provide recent technology trends of the global Sodium Tungstate market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.