Sodium Chlorate Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

Sodium Chlorate is an inorganic compound with the chemical formula NaClO3 synthesized through the electrolysis of sodium chlorate and water. It is a white crystalline powder that is readily soluble in water, hygroscopic, and decomposes above 300 °C to release oxygen and leaves sodium chloride. In addition, owing to its phytotoxic properties, sodium chlorate is used as an herbicide to control weed plants. It is also used in the manufacture of explosives and matches and as an oxidizing agent in the dyes industry. Furthermore, sodium chlorate is largely used in the preparation of chlorine dioxide, which is an eco-friendly bleaching agent used in the paper & pulp industry.

The Sodium Chlorate Market is expected to grow at a steady rate of around 5% owing to the increasing demand for leather tanning and dyes applications coupled with the growing adoption of sodium chlorate in the agriculture sector. Major companies in the market are increasing their production capacity of sodium chlorate. For instance, Kemira signed an agreement with UPM-Kymmene Corp. to expand the capacity for sodium chlorate and hydrogen peroxide production in Uruguay.

According to UnivDatos Market Insights (UMI)’ research report “Global Sodium Chlorate Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing paper & pulp industry coupled with the high production of sodium chlorate across the globe.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 -

Based on form, the market is bifurcated into crystalline and amorphous. The crystalline sodium chlorate category witnessed higher CAGR during the forecast period. As crystalline sodium chlorate is used in the production of weed control, sodium perchlorate, potassium chlorate, and sodium chlorite. Sodium Chlorate is being used in multiple industries such as bleaches, paper & pulp, dyes, explosives, and others. Also the crystalline form is found to be quite expensive in comparison to amorphous, given its higher cost of production.  

Based on the end-user, the market categorized into paper & pulp, chemical, mining, and others. Among these, the chemical industry witnessed the highest CAGR during the forecast period because Sodium chlorate is used primarily as an oxidizing agent in the chemical industry. Where sodium chlorate is used as a raw material in the production of other chemicals, such as perchlorates, chlorates, and potassium chlorate. Additionally, it is also used as an intermediate in the manufacture of chlorine dioxide, which is used as a bleaching agent in the pulp and paper industry, as well as a sanitizer in water treatment applications. Thus, such factors are escalating the growth of sodium chlorate in the chemical industry.

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North America to witness substantial growth.

For a better understanding of the market adoption of the sodium chlorate industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the growing end-user industries such as e-commerce, paper & pulp, bleaches, dyes, etc. In addition, the region faces major strict regulations regarding uranium mining coupled with the growing demand for leather tanning leads to the growth of sodium chlorate in the region. Furthermore, sodium chlorate is highly preferred in premium leather products applications such as jackets, upholstery, and shoes which is further escalating the growth of the market. In North America, U.S. leads as a major producer of sodium chlorate which is expected to become the top producer across the globe in the coming years.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Sodium Chlorate market are Arkema; Nouryon; ERCO Worldwide; Kemira; Shree Chlorates; Tronox Holdings plc; ChemTrade; American Elements; Mil-Spec Industries Corporation; GFS Chemicals, Inc.

“Global Sodium Chlorate Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Form (Crystalline and Amorphous)

2.      By End-User (Paper & Pulp, Chemical, Mining, and Others)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (Arkema; Nouryon; ERCO Worldwide; Kemira; Shree Chlorates; Tronox Holdings plc; ChemTrade; American Elements; Mil-Spec Industries Corporation; GFS Chemicals, Inc.)

Key questions answered in the study:

1.      What are the current and future trends of the global sodium chlorate industry?

2.      How the industry has been evolving in terms of form and end-user?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global sodium chlorate industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global sodium chlorate suppliers across various region and countries?