Global Sodium Methoxide Solution as a Biodiesel Catalyst market growth is estimated to be driven by increasing demand for alternative fuel as compared to conventional fuel

The global sodium methoxide solution as a biodiesel catalyst market is estimated to value at around US$ 0.3 Bn in 2017, and is expected to register a CAGR of 3.1%.

Various advantages of sodium methoxide that enable attaining consistent quality with higher biodiesel yield, coupled with government initiatives and support towards production of ecofriendly fuels are major factors expected to drive growth of the global sodium methoxide solution as a biodiesel catalyst market over the forecast period.

The global sodium methoxide solution as a biodiesel catalyst market report has been segmented on the basis of product type, application, and region/country. On the basis of product type, the target market is segmented into sodium methoxide based on sodium and sodium methoxide based on sodium hydroxide. The sodium methoxide based on sodium hydroxide segment is estimated to register highest CAGR of over 3.0%, as it offers low cost and easy availability properties, owing to increasing demand for sodium hydroxide from biodiesel manufacturers due to its cost-effectiveness and easy availability.

On the basis of application, the target market is segmented into biodiesel from vegetable oil and biodiesel from bio-fat. The biodiesel from vegetable oil segment is projected to register highest CAGR over 3.0% over the forecast period, owing to its easy manufacturing process.

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On the basis of regions/countries, the global sodium methoxide solution as a biodiesel catalyst market is segmented into North America, Europe, China, Japan, Southeast Asia, India, South America, and Middle East & Africa. The market in Europe is expected to dominate with significant revenue share in the global sodium methoxide solution as a biodiesel catalyst market currently, and is projected to continue with its dominance over the forecast period, owing to increasing adoption of biodiesel as an alternative to conventional fuel across various countries in the region. The market in North America is expected to register second-highest share in terms of revenue in the global market, owing to increasing government initiatives for adoption of biodiesel across various countries in this region.

Key players operating in the global sodium methoxide solution as a biodiesel catalyst market include Merck KGaA, Desatec, TGV SRAAC LTD., Evonik Industries AG, BASF SE, Camera Agroalimentos SA, and TSS Group.

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