About Sodium Chlorate
Sodium chlorate is mainly used for the manufacture of chlorine dioxide, which acts as a bleaching agent in the pulp and paper industry. It is white/off-white in color and is odorless and it is highly soluble in water. It is in its pure form is inflammable but during its decomposition, it releases oxygen, therefore it acts as an accelerant in presence of flammable substances. Sodium chlorate is used for the extraction of vanadium and uranium in the mining industry. It is also used as the herbicide in the weed control application. In recent years, sodium chlorate has been extensively utilized in the manufacture of chemical intermediates such as sodium perchlorate and potassium chlorate.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.2% |
Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Sodium Chlorate market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Akzo Nobel N.V. (Eka Chemicals) (United Kingdom), Kemira, ERCO Worldwide (Canada), Chemtrade Logistics Inc. (Canada), Arkema S.A. (France), Tronox Inc. (United States), Ercros S.A (Spain), ERCO Worldwide (Canada), Inner Mongolia Lantai Industrial (China), Sichuan Minjiang Snow Salt Chemical Industry Co., Ltd. (China), Gujarat Alkalies and Chemicals Limited (India) and China First Chemical Holdings Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Soda-Chlorate Ltd. (Russia), Fuzhou Yihua Chemical Stock Co., Ltd. (China), JSC Uzkimesanoatloijiha (Uzbekistan), Canexus U.S. Inc. (United States) and PCI Chemicals (India).
Segmentation Overview
AMA Research has segmented the market of Global Sodium Chlorate market by , Application (Bleaching agent, Oxidizing agent (chemical synthesis) and Herbicide) and Region.
On the basis of application, Bleaching agent segment is dominating the market in the year 2023On the basis of geography, the market of Sodium Chlorate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Crystalline will boost the Sodium Chlorate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-use industry, the sub-segment i.e. Paper and Pulp Industry will boost the Sodium Chlorate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Sodium Chlorate for Niche Applications for the Production of Oxidation Candles for Aircrafts and Submarines
Market Growth Drivers:
Growth in the Paper and Pulp Industry, Growing Mining Industry across the Globe and Increasing Demand from Water Treatment
Restraints:
Availability of Alternatives Such As Hydrogen Peroxide and Ozone and Stringent Government Norms on Its Usage
Opportunities:
Emerging Demand from Economies
On 19 Jan. 2016, AkzoNobel, a global leader in sodium chlorate, has strengthened its position in the North American hydrogen peroxide market after acquiring the outstanding shares in EkO Peroxide LLC from joint venture partner OCI Peroxygens LLC (a subsidiary of OCI Enterprises Inc.)
Key Target Audience
Sodium Chlorate Manufacturers, Sodium Chlorate Distributors, Sodium Chlorate Importer/Exporter, Regulatory Bodies, Government Bodies and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.