SODIUM METAL MARKET ANALYSIS

Key Takeaways from Analyst

The market is expected to witness steady growth over the forecast period due to the growing chemical industry which is the major end user of sodium metal. Sodium is widely used for manufacturing sodium hydroxide and other inorganic chemicals which find applications in pulp and paper, soap and detergents, textiles and numerous other industrial segments. Its use for manufacturing sodium compounds and sodium alloys is also fueling the market growth.

Asia Pacific accounts for the largest share in the global market and is expected to maintain its dominance in the coming years. This can be accredited to swift industrialization and economic development especially in countries such as China, India, Indonesia, and Malaysia. North America follows next and is likely to emerge as the fastest growing region between 2024 and 2031.

However, stringent workers safety regulations regarding handling of sodium metal could hamper market revenues. Sodium reacts violently with air and moisture and also causes corrosion of several metals thus resulting in health and environmental hazards. High cost of sodium, easy availability of substitutes along with supply demand gap would further challenge market growth.