The global sodium chlorate market size reached US$ 3.3 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 5.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.0% during 2023-2032.
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.
On account of its oxidizing properties, sodium chlorate is increasingly being used for several applications such as tanning and finishing leather, and manufacturing of dyes. The mounting demand for sodium chlorate in these industries is expected to bolster the growth of the market in the upcoming years.
As sodium chlorate is phytotoxic to all green plants, it is now being utilized as a non-selective herbicide to control the growth of a variety of plants including morning glory, creeping thistle, johnsongrass, bamboo, Ragwort, and St John's wort. It is mainly used for vegetation control on roadsides, fenceways, etc. and on non-crop land for spot treatment.
Sodium chloride and water are the two major feedstocks required for the manufacturing of sodium chlorate. These raw materials are low in cost and abundant in nature, due to which sodium chlorate is affordable. This, coupled with ease of storage, makes it ideal for a variety of applications.
2. What will be the global sodium chlorate market outlook during the forecast period 2024-2032?
3. What are the major trends in the global sodium chlorate market?
4. What is the impact of COVID-19 on the global sodium chlorate market?
5. What are the global sodium chlorate market drivers?
6. What is the global sodium chlorate market breakup by form?
7. What is the global sodium chlorate market breakup by application?
8. What are the major regions in the global sodium chlorate market?
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.
Global Sodium Chlorate Market Drivers:
The paper and pulp industry is one of the largest markets for sodium chlorate where it is used for on-site generation of chlorine dioxide. It is the key bleaching agent for elemental chlorine free (ECF) chemical pulping process and is extensively used in emerging markets like India and China.On account of its oxidizing properties, sodium chlorate is increasingly being used for several applications such as tanning and finishing leather, and manufacturing of dyes. The mounting demand for sodium chlorate in these industries is expected to bolster the growth of the market in the upcoming years.
As sodium chlorate is phytotoxic to all green plants, it is now being utilized as a non-selective herbicide to control the growth of a variety of plants including morning glory, creeping thistle, johnsongrass, bamboo, Ragwort, and St John's wort. It is mainly used for vegetation control on roadsides, fenceways, etc. and on non-crop land for spot treatment.
Sodium chloride and water are the two major feedstocks required for the manufacturing of sodium chlorate. These raw materials are low in cost and abundant in nature, due to which sodium chlorate is affordable. This, coupled with ease of storage, makes it ideal for a variety of applications.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global sodium chlorate market report, along with forecasts at the global and country level from 2024-2032. The report has categorized the market based on form and application.Breakup by Form:
- Crystalline
- Solution
Breakup by Application:
- Pulp and Bleaching Industry
- Chlorates of Other Metals
- Leather Tanning
- Dyes
- Others
Regional Insights:
- Canada
- United States
- China
- Finland
- Brazil
- Others
Competitive Landscape:
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:
- Eka Chemicals
- Erco Worldwide
- Canexus
- Kemira Oyj
- China First Chemical Holdings Limited
Key Questions Answered in This Report
1. What was the global sodium chlorate market size in 2023?2. What will be the global sodium chlorate market outlook during the forecast period 2024-2032?
3. What are the major trends in the global sodium chlorate market?
4. What is the impact of COVID-19 on the global sodium chlorate market?
5. What are the global sodium chlorate market drivers?
6. What is the global sodium chlorate market breakup by form?
7. What is the global sodium chlorate market breakup by application?
8. What are the major regions in the global sodium chlorate market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Sodium Chlorate Industry
6 Market Breakup by Form
7 Market Breakup by Application
8 Market Breakup by Region
9 Competitive Landscape
10 Sodium Chlorate Manufacturing Process
11 Sodium Chlorate: Feedstock Analysis
List of Figures
List of Tables
Companies Mentioned
- Eka Chemicals
- Erco Worldwide
- Canexus
- Kemira Oyj
- China First Chemical Holdings Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 3.3 Billion |
| Forecasted Market Value ( USD | $ 5.1 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
