Sodium tungstate is the inorganic compound with the formula Na2WO4. This white, water-soluble solid is the sodium salt of tungstic acid. Sodium tungstate market has high growth prospects owing to increasing use in medical industry as a antidiabetic agent and anti-obesity agent. Also,used in various application such as a catalyst, analytical reagent, fire proofing agent, etc.This growth is primarily driven by Increasing Use of Sodium Tungstate in Medical Industry and Sodium Tungstate Used as Catalyst in Paint Dyes.
Globally, a noticeable market trend is evident Sodium Tungstate Involved in the Manufacturing of Metal Tungsten, Tungsten Acid. Major Vendors, such as Anchor Chemicals (India), Chem-Met (United States), Ganzhou Grand Sea W& Mo Group Co., Ltd. (China), HCstarck (United States), Kat-Chem Ltd. ( Hungary), Ningxiang Changyi (China), Nova Oleochem (India), Taizhou BangDe (China), Merck KGaA (Germany) and Alfa Aesar (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Increasing Use of Sodium Tungstate in Medical Industry
- Sodium Tungstate Used as Catalyst in Paint Dyes
- Sodium Tungstate Involved in the Manufacturing of Metal Tungsten, Tungsten Acid
- Fluctuation in the Price of Raw Material
Growth in Chemical Industry in Emerging Countries and Demand of Sodium Tungstate as a Fire Resistant
Availability of Substitutes in the Market
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