The global sodium chlorate market reached a volume of 4.3 Million Tons in 2019. Sodium chlorate (NaClO3) is an inorganic chemical compound manufactured by the electrolysis of brine (NaCl). A powerful oxidizing agent, sodium chlorate is an odorless, pale-yellow crystalline solid and readily dissolves in water. It is inflammable in nature in pure form and acts as an extreme combustion accelerant in the presence of flammable materials during decomposition. Currently, sodium chlorate is widely used in the preparation of chlorine dioxide which is employed as a bleaching agent in the manufacturing of bleached pulp. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2020-2025.
Global Sodium Chlorate Market Drivers:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sodium chlorate market report, along with forecasts for growth at the global, regional and country-level from 2020-2025. Our report has categorized the market based on region, form, and application.
Breakup by Form:
On the basis of type, the sodium chlorate market is bifurcated as crystalline and solution. Amongst these, crystalline sodium chlorate accounts for the majority of the market share as it is employed in a range of industries like bleach and explosives.
Breakup by Application:
Based on application, the pulp and bleaching industry represents the largest segment of the sodium chlorate market, owing to its growing demand in the textile industry. Other application segments include chlorates of other metals, leather tanning, dyes and others.
On a geographical front, Canada enjoys the leading position in the global sodium chlorate market as the country has the largest pulp and paper industry which is a mainstay of the country’s economy. Some of the other major regions include the United States, China, Finland and Brazil.
The market is fragmented in nature with the presence of a large number of international and regional manufacturers who compete in terms of prices and quality. The major players are trying to increase their presence in new markets by creating alliances or acquiring regional or other small players. Some of the leading players operating in the market are:
The report provides a comprehensive insight into the global sodium chlorate market including its market breakup by region, market breakup by end-use, SWOT analysis, Porter’s five forces analysis, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of sodium chlorate covering key success and risk factors for manufacturers, detailed process flow, the chemical reactions involved, raw materials requirements, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the sodium chlorate industry in any manner.
Key Questions Answered in This Report:
According to the estimates by IMARC Group, the global sodium chlorate market will exhibit moderate growth during the next five years.
At present, due to the rising environmental concerns, there is an increase in the demand for elemental chlorine-free (ECF) paper products. Moreover, sodium chlorate is gaining popularity as a non-selective herbicide for vegetation control on roadsides and fence ways.
Lockdowns announced by governments of several countries on account of the sudden spread of the coronavirus disease (COVID-19) have disrupted supply chains and halted the manufacturing units of various industry verticals. Consequently, the market is currently experiencing negative growth due to the pandemic.
The global sodium chlorate market size was 4.3 Million Tons in 2019.
Significant growth in the pulp and paper industry represents one of the key factors creating a positive outlook for the market as it is used as a bleaching agent in the production of elemental chlorine-free (ECF) paper products.
Based on the form, the market has been bifurcated into crystalline and solution sodium chlorate.
On the basis of the application, the market has been segregated into pulp and bleaching industry, chlorates of other metals, leather tanning, dyes and others.
Region-wise, the market has been segmented into the United States, Canada, China, Finland, Brazil and others.
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