Quick Summary:
The global Sodium Chlorate market offers immense opportunities for growth, fuelled by robust demands spanning multiple industries. Matter-of-factly, this formidable inorganic salt, hygroscopic in nature and synthesized through the electrolysis of concentrated brine, finds far-reaching applications across industries due to its powerful oxidizing agent properties. Most prominently, it lends itself to the bleaching process utilized in paper production, making it an essential component of the expansive Pulp & Paper industry.
Additionally, Sodium Chlorate's key role in the production of herbicides and defoliants, specifically those concerned with crops such as rice and beans, significantly expands the scope of its market. With the Pulp & Paper Industries being the foremost consumer of Sodium Chlorate, its escalating demand for high-quality paper production including tissue and toilet paper, places Sodium Chlorate at a firm position in the global market. Moreover, emerging applications in the Chemical Intermediates, Water Treatment and Metal & Mining (Surface Treatment) sectors further establish the stature of Sodium Chlorate in the industrial arena.
The regional landscape of the Sodium Chlorate market reflects promising trends as well. With North America leading the pack, followed by a rapidly urbanizing Asia Pacific, Sodium Chlorate finds an ever-widening consumer base. Exemplifying cross-industry indispensability coupled with significant geographic demand, the forward march of the Sodium Chlorate market is a phenomenon to reckon with. Bolstering this stout growth is noteworthy producer activity in locations like the USA, cementing their stronghold in the global market of Sodium Chlorate further into the coming years.
To ensure success amidst these dynamically evolving market dynamics, the in-depth understanding promulgated by this thoroughly researched market report is indispensable. Providing critical insights into demand-supply scenarios, market sizing, competitive developments and nuanced segment analysis, the report leads the way in strategic decision-making for Sodium Chlorate manufacturers, others stakeholders and policy makers. Plunge into this wealth of knowledge and stay ahead of the curve in the global Sodium Chlorate market.
The global Sodium Chlorate market has expanded remarkably to reach approximately 3600 thousand tonnes in 2021 and is expected to grow at a CAGR of 3.37% during the forecast period until 2035.The Global Sodium Chlorate Market Has Expanded Remarkably to Reach Approximately 3600 Thousand Tonnes in 2021 and is Expected to Grow at a CAGR of 3.37% During the Forecast Period Until 2035
Sodium Chlorate is a salt of sodium with the formula NaClO3. It is an inorganic salt that is hygroscopic in nature. It is an odorless powder and appears to be yellow in color. It is synthesized by electrolysis of concentrated brine, followed by low-temperature continuous evaporative crystallization in vacuum. This salt is a powerful oxidizing agent and commonly used for bleaching paper to make it appear whiter. It is also commonly used as an herbicide and kill a wide array of plants including morning glory and bamboo. At high temperatures such as 300 degrees Celsius to release oxygen. This salt is used in various industries such as production of dyes, herbicides, defoliants, inks, leather, paper, and explosives.
The primary driver of Sodium Chlorate global market is the Pulp & Paper Industries. In 2021, approximately 85% of global Sodium Chlorate was utilized by Pulp & Paper Industries. It is utilized to produce tissue paper, toilet paper, and high-quality paper. Furthermore, Sodium Chlorate’s demand to produce herbicides and defoliants for crops like rice and beans, is also expected to contribute to its growing demand in the forecast period. The global market of Sodium Chlorate is likely to expand to reach demand approximately 5700 tonnes by 2035.
Based on demand across the globe, the North America reports as the biggest consumer of Sodium Chlorate market. In 2021, North America accounted for a consumption of more than 35% of the total Sodium Chlorate. As a result of increase in the e-commerce activities, the pulp and bleach industry are expanding in North America, propelling the growth of the Sodium Chlorate market. Furthermore, Asia Pacific is also a prominent consumer of Sodium Chlorate. Due to rapid urbanization in developing countries situated in Asia, there is a strong need of water treatment that calls for acceleration of demand of Sodium Chlorate. Furthermore, USA is dominating the Sodium Chlorate market as a producer. This region accounted for production of about 60% of the global Sodium Chlorate in 2021. It is anticipated that USA will be leading as a world producer in the coming years as well.
Based on the end-user industry, the global Sodium Chlorate market is segmented into various industrial sectors including Pulp & Paper Industries, Chemical Intermediates, Water Treatment, Metal & Mining (Surface Treatment), and Others. The Pulp & Paper Industries is the primary consumer of Sodium Chlorate. Sodium Chlorate is employed for the production of chlorine dioxide, which works a powerful bleaching agent. The paper manufactured with chlorine dioxide is whiter and opaque in quality. The pulp and paper industry are anticipated to maintain its grip on the Sodium Chlorate market in the forecast period as well. Chemical Intermediates and Water Treatment industries are also major consumers of the global Sodium Chlorate market.
Major players in the production of Global Sodium Chlorate are Nouryon, Chemtrade, Erco Worldwide, Inc., Kemira, China First Chemical Holding Limited, Arkema S.A, and Kerr McGee Chemicals Corp.
Years for this report:
- Historical Period: 2015- 2021
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2035
Objective of the Study:
- To assess the demand-supply scenario of Sodium Chlorate which covers production, demand and supply of Sodium Chlorate market in the globe.
- To analyse and forecast the market size of Sodium Chlorate
- To classify and forecast Global Sodium Chlorate market based on end-use and regional distribution.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., of Sodium Chlorate market in the globe.
The publisher calculated Sodium Chlorate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw materials to produce Sodium Chlorate. The publisher sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.
Key Target Audience:
- Sodium Chlorate manufacturers and other stakeholders
- Organizations, forums and alliances related to Sodium Chlorate s distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
Report Scope:
In this report, Global Sodium Chlorate s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:- Market, by End-Use: Pulp & Paper Industries, Chemical Intermediates, Water Treatment, Metal & Mining (Surface Treatment), and Others.
- Market, by Sales Channel: Direct Sale and Indirect Sale
- Market, by Region: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.Table of Contents
Methodology
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