Upturn: Impact of COVID-19 on Sodium Chlorite Market

Sodium chlorite is also known as sodium salt textone, chlorous acid, and miracle mineral solution. It is an amalgamation of oxygen (O2), sodium (Na), and chlorine (Cl).
There are different claims regarding the usage of this chemical as a health supplement. According to the U.S. Food and Drug Administration (FDA), however, it has hazardous, potentially life menacing chemical properties that should be totally avoided.

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Sodium chlorite is known to be used for various consumers and industrial applications.
Some of the consumer applications of sodium chlorite are:

• water treatment
• surface cleanser for food preparation areas
• antimicrobial treatment for seafood

A great amount of sodium chlorite is used in different end-use industries. For example,
• sterilizing agent in water treatment plants
• bleaching and shedding of pulp, paper, and textiles

Growth Opportunity of the Industry
Sodium chlorite is used for bleaching, disinfection and many more by various end user such as food and beverage, oil and gas, other industrial sectors. These industries use sodium chlorite in multiple ways to make the proper use of final product or preserving the product. For instance, in the food and beverage industry, sodium chloride is used to disinfect the containers that has been used to manufacture and produce various type of food products.

In healthcare industry, a large amount of sodium chlorite solution is used as a disinfectant and used for treatment of various illnesses, such as HIV, arthritis and common cold.
This extensive usage of sodium chlorite is going to drive the growth of the global sodium chlorite market during the forecast period.

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Market Trends and Recent Developments

According to a report published by Research Dive, the global sodium chlorite market include Carlit Holdings Co., Ltd., Shandong Gaomi Gaoyuan Chemical Industry Co.,Ltd., OSAKA SODA, Otsuka Chemical Co.,Ltd, Yancheng Huaou Industry Group Co., Ltd, ERCO Worldwide, Fengchen Group Co.,Ltd, Dongying Shengya Chemical Co., Ltd., Occidental Petroleum Corporation, and Ercros SA among others.

These significant players of the industry are working towards development of unique strategies such as product launches, mergers and acquisitions, upgradation of existing technology, and collaborations and partnerships to sustain the growth of the market in coming years.

Some of the recent developments of the market are mentioned below:

• In March 2020, as per an announcement by Occidental Petroleum Corporation, to add three new Icahn designated directors to Occidental’s Board, the company has entered into an agreement with Carl C. Icahn and its conglomerate, the “Icahn Group”.

• Coupa Software, a leading player in business spend management (BSM), has announced in March this years that Canada-based specialty chemical company, ERCO Worldwide, selected Coupa. This selection has been done in order to renovate its business by mechanizing its internal spend processes and empowering smoother invoice activities across the base of its supplier, as per a latest report.

• Another leading players of the market, Visterra, Inc. and Otsuka Pharmaceutical Co., Ltd. made an announcement about a definitive merger agreement. Pursuant to this agreement, Otsuka is going to acquire Visterra for in an all-cash transaction, approximately of $430 million, according to a recent release.

Impact of COVID-19 on the Industry

The emergence of coronavirus pandemic has brought the global economy to a halt. Among all the industries that are experiencing a drastic downfall, there are a few industries that survived the wrath of the natural catastrophe. The global sodium chlorite market has experienced a positive growth during this period. The increased use of sodium chlorite by the hospitals and medicals for the treatment of the Covid-19 patients is going to boost the market growth in the upcoming years. In addition, the sodium chlorite is used to disinfect the surface of the medical. Due to the above mentioned reason, the demand for sodium chlorite is predicted to grow and witness a positive growth during the time of pandemic.
The sodium chlorite market is going to experience a sustainable growth in coming years as the key players are focusing on developing new products, merger and acquisitions, and many other strategic steps.

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This release was published on openPR.