Global Sodium Chlorate Market Size, Price Trends Analysis till 2024

As per the latest report by IMARC Group, the global sodium chlorate market is further projected to reach a volume of around 5 Million Tons by 2024, exhibiting a CAGR of 3% during 2019-2024. Sodium chlorate (NaClO3) is an inorganic crystalline salt, which is produced through the electrolysis of sodium chloride solution (brine). It is soluble in water and reacts violently with combustible and reducing materials. It is widely utilized as an oxidizing and bleaching agent in the pulp and paper industry. Other than this, it is used as a textile mordant, weed killer, herbicide and in products, such as explosives, dyes, matches, and inks.

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Global Sodium Chlorate Market Trends:

At present, there is a rise in the demand for paper and pulp products in developing countries, such as China and India, which in turn is impelling the sodium chlorate market growth. In addition to this, owing to its oxidizing properties, it is employed in the agriculture industry as an herbicide and defoliant for cotton, soybeans and corn. Furthermore, the easy availability and cost-effectiveness of sodium chlorate have increased its adoption in the mining industry for treating ores in vanadium extraction, thereby contributing to the market growth.

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Global Sodium Chlorate Market Segmentation:

Market Breakup by Form

Crystalline
Solution

Market Breakup by Application

Pulp and Bleaching Industry
Chlorates of Other Metals
Leather Tanning
Dyes
Others

Market Breakup by Region

Canada
United States
China
Finland
Brazil
Others

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