According to the latest report by IMARC Group, titled “Sodium Chlorate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 221-2026,” the global sodium chlorate market reached a value of US$ 2.83 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.6% during 2021-2026. Sodium chlorate (NaClO3) is an inorganic compound produced by the electrolysis of brine in the presence of sodium dichromate as a catalyst and hydrochloric acid (HCL) as a pH regulator. It is available in an odorless crystalline solid form that is characterized by a pale yellow to white color. Easily dissolvable in water, its pure form is non-combustible in nature but is known to act as a combustion accelerant in the presence of flammable materials. Since it also acts as oxidizing and bleaching agents, the chemical compound is extensively used for the production of herbicides, dyes, inks, cosmetics, paper and leather.
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Global Sodium Chlorate Market Trends:
The market is primarily driven by the growing demand for chlorine dioxide, especially from the developing economies. Sodium chlorate is widely used for the on-site generation of chlorine dioxide that is an environment-friendly bleaching agent. It is further used to manufacture Elemental-Chlorine Free (ECF) paper products that are gaining widespread preference among the masses. Apart from this, the compound is used as a non-selective contact herbicide and defoliant on account of its phytotoxic in nature. As a result, it is employed for spot treatment of perennial weeds for vegetation control on roadsides and fence ways. The market is further driven by the growing utilization of sodium chlorate as an oxidant in the mining sector for extracting vanadium and uranium. Some of the other factors contributing to the market growth include its increasing utilization in the manufacturing of dyes, leather and breathing apparatus, and the easy availability of raw materials (sodium chloride and water) for its production.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sodium chlorate market, along with forecasts at the global and country level from 2021-2026. Our report has categorized the market based on form and application.
Competitive Landscape:
- Eka Chemicals
- Erco Worldwide
- Canexus
- Kemira Oyj
- China First Chemical Holdings Limited
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
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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