Potassium Methoxide Market is estimated to be XXX Billion by 2030 with a CAGR of XX.X% during the forecasted period.

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Published Date: May 2024

Evonik and BASF, are the two major suppliers in this industry currently. Potassium methoxide market accounted for US$ XXX billion in 2020 and is estimated to be XXX billion by 2030 and is anticipated to register a CAGR of XX.X%.

The report. "Potassium Methoxide Market, By Type (Solution and Powder), By Application (Biodiesel, Personal Care, Agriculture, Pharma & Healthcare, and Other), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

Key highlights:

In July 2019, Gelest Inc., a materials science innovator and New Mountain Capital portfolio company, declared the acquisition of Bimax, a producer and marketer of specialty monomers and polymers. Bimax expands their position in high-growth value-added applications, provides access to new customers and talent, and imprivers their production capability and R&D pipeline
Evonik Industries AG, a leading manufacturer of specialty chemicals has completed the acquisition of Air Product’s specialty additives business (Performance Materials Division) based in the US. The acquisition deal between Evonik and Air Products closed at US$ 3.8 billion. Post-acquisition, Evonik Industries AG would swiftly merge its existing business activities with Air Products’ Performance Materials division. Moreover, this acquisition will expand Evonik’s product portfolio in the specialty & coating additives business.

Analyst View:

Rising production and consumption of biodiesel is one of the major drivers for the growth of the potassium methoxide market. As biodiesel has lower influence on the environment, it produces 85% less greenhouse gases as compared to diesel made from crude oil. Prepared from cooking oil (vegetable oil) or animal fats, biodiesel is measured a potential alternative for diesel. Further, increasing consumption of fuels is another factor strengthening growth in the target market. Potassium methoxide is utilized as a fuel additive. Moreover, the compound is also registering a widespread application in chemical processes such as esterification and condensation. Countering the growth in the global market for potassium methoxide is the trend of the compound to react easily with water and with the moisture present in the air.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Potassium Methoxide Market”, By Type (Solution and Powder), By Application (Biodiesel, Personal Care, Agriculture, Pharma & Healthcare, and Other), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:

Potassium methoxide market accounted for US$ XXX billion in 2020 and is estimated to be XXX billion by 2029 and is anticipated to register a CAGR of XX.X%. The market report has been segmented on the basis of type, application, and region.

By type, the potassium methoxide market is segmented into solution and powder
By application, biodiesel production segment is dominating the target market due to considerable amount of potassium methoxide employed to produce biodiesel or is used as a fuel additive.
By region, North America forecast the market in terms of consumption, followed by Latin America. The regions are also leading manufacturers of biofuels. Europe is another major market for potassium methoxide, owing to massive thrust on the use of alternative fuels in this region.

Competitive Landscape:

The prominent player operating in the potassium methoxide market includes GELEST, Inc., Evonik Industries AG, Biofuel Solutions Limited, BASF SE, and Gelsenchem Chemical Products GmbH

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered