Sodium Chlorate Market Research Report- Opportunities & Challenges in Near Future by with Different Segments, Forecast- 2027

The Report Sodium Chlorate Market: Global Industry Analysis and Opportunity Assessment 2017-2027 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz

Sodium chlorate is primarily used for the manufacture of chlorine dioxide, which acts as a bleaching agent in the paper and pulp industry. Sodium chlorate is white/off-white in colour and is odourless. Sodium chlorate is highly soluble in water. Sodium chlorate in its pure form is inflammable but during its decomposition, it releases oxygen, hence it acts as an accelerant in presence of flammable substances. Sodium chlorate is used for the extraction of uranium and vanadium in the mining industry. Sodium chlorate is also used as herbicide in weed control application. In the recent years, sodium chlorate has been extensively utilized in the manufacture of chemical intermediates such as potassium chlorate and sodium perchlorate. The overall market for sodium chlorate is projected to remain positive, however, it will exhibit a slower growth over the forecast period due to the availability of alternatives such as hydrogen peroxide that can be used for bleaching pulp.

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Global Sodium Chlorate Market Dynamics

Global Sodium Chlorate Market Drivers

The global sodium chlorate market is majorly driven by the growth in the paper and pulp industry. As about 80-90% of the overall sodium chlorate consumption is for the manufacture of chlorine dioxide, which is used in the paper and pulp industry, the demand for sodium chlorate depends significantly on the growth of paper and pulp industry.

Global Sodium Chlorate Market Restraints

One of the major factors restraining the growth of the global sodium chlorate market is the availability of alternatives such as hydrogen peroxide and ozone, which can be used for bleaching of pulp.

Moreover, with the increasing popularity of e-media, there has been a slowdown in the use of papers for the newspaper publishing and similar sectors. Shift in consumer preferences is observed on the basis of availability and cost of products. The aforementioned factors are expected to hinder the market growth to a great extent.

Global Sodium Chlorate Market Trends

There has been an increasing use of sodium chlorate for niche applications such as for the production of oxidation candles for aircrafts and submarines. Sodium chlorate is also used for the surface treatment of metals in the automotive and electronics industries.

Global Sodium Chlorate Market Segmentation

The global sodium chlorate market can be segmented on the basis of application and region.

On the basis of application, the global sodium chlorate market can be categorized as:

Bleaching agent
Oxidizing agent (chemical synthesis)
Herbicide

On the basis of form, the global sodium chlorate market can be segmented into:

Crystalline form
Solution form

On the basis of end-use industry, the global sodium chlorate market can be segmented into:

Paper and Pulp Industry
Fireworks
Chemical Industry
Mining
Aerospace and Marine
Electronics
Automotive

Global Sodium Chlorate Market Regional Outlook

The forecast for global sodium chlorate market is expected to be positive in the coming years exhibiting slow growth over the forecast period. Asia pacific holds a dominant share in the global sodium chlorate market and is projected to remain dominant in the global market throughout the forecast period due to the large base of paper and pulp industry in the region. Moreover, China is a leading consumer of sodium chlorate. Along with paper and pulp, China has a significant base for the use of sodium chlorate in niche applications such as fireworks.

Regions such as Latin America has also exhibited significant growth in the paper and pulp industry, hence, there is a substantial demand for sodium chlorate in the region. Japan and MEA are projected to hold relatively small shares in the global sodium chlorate market.

The regions such as North America and Europe are expected to witness sluggish growth over the forecast period, 2017-2027.

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Global Sodium Chlorate Market Participants

Examples of some of the market participants identified across the value chain of the global sodium chlorate market are, Akzo Nobel N.V. (Eka Chemicals), Kemira, ERCO Worldwide, Chemtrade (Canexus), Arkema, Tronox Limited, Ercros S.A and Inner Mongolia Lantai Industrial among others.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies

The main aim of the report is to:

Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution

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