Global Sodium Molybdate Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Grade;

Industrial Grade, Technical Grade, Reagent Grade, Food Grade, and Electronic Grade.

By Packaging Type;

Drums, Bags, Pails, Barrels, and Other Packaging Types.

By Application;

Water Treatment, Fertilizer, Pigments & Dye, Corrosion Inhibition, and Others.

By Product Type;

Crystal and Solution.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn104694476 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Sodium Molybdate Market (USD Million), 2021 - 2031

In the year 2024, the Global Sodium Molybdate Market was valued at USD 185.47 million. The size of this market is expected to increase to USD 244.07 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.

The global sodium molybdate market is a dynamic sector driven by its versatile applications across various industries. Sodium molybdate, a compound of sodium and molybdenum, serves as a vital component in industries such as agriculture, chemicals, electronics, and metallurgy. It is predominantly used as a corrosion inhibitor, catalyst, and micronutrient in agricultural fertilizers. The market's growth is fueled by increasing demand for sustainable agricultural practices and industrial applications that rely on its unique chemical properties.

In agriculture, sodium molybdate plays a crucial role as a micronutrient essential for plant growth and productivity. It is integral to enhancing crop yields by aiding in nitrogen fixation and enzyme activity within plants. As global population rises and arable land decreases, the demand for sodium molybdate in agricultural applications is expected to increase, driven by the need for efficient and sustainable farming practices to meet food security challenges.

Sodium molybdate finds significant use in the industrial sector, particularly in corrosion inhibition and electronics. Its ability to prevent metal corrosion makes it indispensable in protecting infrastructure and equipment across various industries, while its application in electronics ensures the reliability and longevity of electronic components. With ongoing technological advancements and innovations in manufacturing processes, the sodium molybdate market continues to expand, catering to diverse industrial needs and driving economic growth worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Grade
    2. Market Snapshot, By Packaging Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Product Type
    5. Market Snapshot, By Region
  4. Global Sodium Molybdate Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand from the agriculture sector
        2. Increasing applications in corrosion inhibition
        3. Expanding electronics industry
        4. Technological advancements in production processes
      2. Restraints
        1. Environmental regulations
        2. Fluctuating raw material prices
        3. Competition from alternative products
      3. Opportunities
        1. Development of new applications
        2. Expansion into untapped markets
        3. Innovations in nanotechnology applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Sodium Molybdate Market, By Grade, 2021 - 2031 (USD Million)
      1. Industrial Grade
      2. Technical Grade
      3. Reagent Grade
      4. Food Grade
      5. Electronic Grade
    2. Global Sodium Molybdate Market, By Packaging Type, 2021 - 2031 (USD Million)
      1. Drums
      2. Bags
      3. Pails
      4. Barrels
      5. Other Packaging Types
    3. Global Sodium Molybdate Market, By Application, 2021 - 2031 (USD Million)
      1. Water treatment
      2. Fertilizer
      3. Pigments & dye
      4. Corrosion inhibition
      5. Others
    4. Global Sodium Molybdate Market, By Product Type, 2021 - 2031 (USD Million)
      1. Crystal
      2. Solution
    5. Global Sodium Molybdate Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Sigma-Aldrich (Merck Group)
      2. Honeywell International Inc.
      3. Jost Chemical Co.
      4. Molymet
      5. H.C. Starck Tungsten GmbH
      6. Jiangxi Zhaohui Copper Industry Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market