Sodium Chlorite Price Trend

Sodium Chlorite Prices June 2023

The price of sodium chlorite in the US showed a moderate trend in the second quarter of 2023. This is a result of high stockpiles as well as weak demand from downstream paper and textile businesses. At the conclusion of the quarter, the product cost 818 USD/MT in the USA.

The second quarter of 2023 saw a sharp decline in the product's price in South Korea due to a decline in demand from downstream textile producers. The product's widespread availability also caused a delay in purchases, which further impacted the price. At the end of Q2 2023, the product's South Korean pricing was ultimately determined to be 906 USD/MT.

Sodium Chlorite Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Sodium Chlorite Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of sodium chlorite pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of sodium chlorite at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sodium chlorite price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing sodium chlorite price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Sodium Chlorite Market Analysis

The global sodium chlorite market size reached US$ 259.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 436.7 Billion, at a projected CAGR of 6.00% during 2023-2032.

• The water treatment industry stands as a cornerstone for the growth of the sodium chlorite market. Its efficacy as a disinfectant and oxidizing agent makes it indispensable in purifying water for consumption, industrial processes, and sanitation. 8 out of 10 people in rural regions lack access to clean drinking water, according to the most recent data from UNICEF and the WHO. Moreover, children under the age of five report 1.7 billion cases of diarrhea annually. With escalating concerns over waterborne diseases and pollution, governments and industries worldwide are intensifying efforts to ensure clean water access. This compound's ability to efficiently eliminate pathogens and contaminants aligns perfectly with these objectives.
• The widespread product utilization for the bleaching process in the pulp and paper industry, which assists in producing high-quality paper products is favoring the market growth. The requirement for paper products rises in tandem with rising literacy rates and rising packaging demands. Also, according to the Confederation of European Paper Industries, the pulp and paper industry has an annual turnover of 115 billion euros and contributes 25 billion euros to the European Union (EU) GDP. This surge is driving the demand for the product as a key bleaching agent.
• Sodium chlorite's application as a bleaching agent finds significant traction in the textile industry, where pristine aesthetics and color uniformity are paramount. The global textile market is witnessing robust growth. It is anticipated to reach USD 1445.4 billion by 2032, growing at an annual pace of 3.8%. As consumers increasingly prioritize fashion trends and quality textiles, manufacturers strive to meet these expectations through efficient bleaching processes. Because it works so well at eliminating impurities and brightening fabric, this material becomes a top pick.
• The healthcare sector's reliance on the product stems from its potent antimicrobial properties and versatility in disinfection applications. In hospitals, clinics, and laboratories, maintaining hygienic environments is critical for patient safety and disease prevention. The U.S. healthcare spending increased by 4.1% to $4.5 trillion, or $13493 per person. In FY23, India's public healthcare expenditure accounted for 2.1% of GDP. Also, in 2022, the European government spent Є1221 billion on health, accounting for 7.7% of GDP. This chemical offers a potent solution for sterilizing medical equipment, surfaces, and water supplies. Furthermore, the growing trend towards preventive healthcare and infection control measures is resulting in a steady demand for this compound.

Sodium Chlorite News

The report covers the latest developments, updates, and trends impacting the global sodium chlorite market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in sodium chlorite production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sodium chlorite price trend.

Latest developments in the sodium chlorite industry:

• In February 2023, Ercros announced that it has completed the commissioning of the new sodium chlorite production plant at its Sabiñánigo factory. With this, the company has doubled its production capacity.

Product Description

Sodium chlorite (NaClO2) is a white crystalline powder or solid chemical compound. It is a strong oxidizing agent and a powerful disinfectant that is used in various industrial, commercial, and healthcare applications. It is soluble in water and slightly soluble in alcohol and has a molecular weight of 90.44 g/mol. At room temperature, this chemical is stable, but it can decompose upon heating to produce toxic chlorine dioxide gas.

It is primarily manufactured through the chemical reaction between sodium hydroxide (NaOH) and chlorine dioxide (ClO2). This reaction yields sodium chlorite along with sodium chloride (NaCl) as a byproduct. The process involves careful control of reaction conditions to ensure high purity and optimal yields.

It is used as a disinfectant for water purification, wastewater treatment, and sanitation and as a bleaching agent in the production of paper and pulp products. It is also employed in fabric bleaching and purification processes and as a disinfectant for medical equipment, surfaces, and water supplies.

Regional Coverage

The report provides a detailed analysis of the sodium chlorite market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the sodium chlorite price trend.

Global Sodium Chlorite Price

The report offers a holistic view of the global sodium chlorite pricing trends in the form of sodium chlorite price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of sodium chlorite but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sodium chlorite demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Sodium Chlorite Price

The product’s prices in Europe during the second quarter of 2023 saw a consistent decline due to falling trading activities and the presence of a skeptical market environment. Also, the weak buyer appetite in the region and sluggish end-user consumption further exacerbated the situation.

This analysis can be extended to include detailed sodium chlorite price information for a comprehensive list of countries.

North America Sodium Chlorite Price

In North America, the market for the product experienced subdued fundamentals during Q2 2023. At the beginning of the quarter, there was a sharp decline in the price trend followed by the slow rate of decrement in the ending months. This is because of the diminished consumption from end users, high inventories, and the prevailing economic uncertainty.

Specific sodium chlorite historical data within the United States and Canada can also be provided.

Middle East and Africa Sodium Chlorite Price

The report explores the sodium chlorite pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on sodium chlorite prices for countries can also be provided.

Asia Pacific Sodium Chlorite Price

The sodium chlorite pricing trends in the Asia Pacific saw a notable decline during the second quarter of 2023. This is due to the oversupply of the product, subdued demand from downstream sectors, and weak purchasing activities over the past few months. Also, the persistently weak market fundamentals further caused a dip in prices.

This sodium chlorite price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Sodium Chlorite Price

The analysis of sodium chlorite prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sodium chlorite pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting sodium chlorite price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The sodium chlorite price charts ensure our clients remain at the forefront of the industry.