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SODIUM MOLYBDATE MARKET ANALYSIS
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  3. Sodium Molybdate Market Analysis
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SODIUM MOLYBDATE MARKET ANALYSIS

Sodium Molybdate Market, by Product Type (Crystal and Solution), by Application (Water treatment, Fertilizer, Pigments & Dye, and Corrosion inhibition), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Market Challenges And Opportunities

  • 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.

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