Sodium Chlorate Market Report 2022: Size, Share, Analysis and Forecast to 2027

According to IMARC Group's latest report, titled "Sodium Chlorate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global sodium chlorate market size reached US$ 3.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2027, exhibiting a growth rate (CAGR) of 5.57% during 2022-2027.

Sodium chlorate (NaCIO3) is a hygroscopic inorganic compound that is industrially produced through electrolysis of sodium chloride (NaCl) with water (H2O). It is an odorless, white-color crystalline powder that is highly soluble in water and inflammable in its purest form. It can be decomposed at a higher temperature to release oxygen and leave sodium chloride as a by-product. Apart from this, sodium chlorate is eco-friendly and a powerful oxidizing agent; thus, it is widely used as a bleaching and oxidizing/reducing agents, defoliants, and dyes.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Sodium Chlorate Market Trends:

The global sodium chlorate market is primarily driven by its extensive usage in the paper and pulp industry for the on-site generation of chlorine dioxide for environmental sanitation purposes. Additionally, the growing use of sodium chlorate as an eco-friendly bleaching agent in the elemental chlorine-free (ECF) chemical pulping process and tissue paper, facial, and baby wipes in restaurants, offices, and households are fuelling the product demand. Moreover, the rising need for sodium chlorate in the mining industry to extract vanadium and uranium and to produce oxidation candles for aircraft and submarines is propelling the market growth. Furthermore, the extensive employment of sodium chlorate across the automotive and electronics sectors for the surface treatment of metals is positively stimulating the market growth. Besides this, the growing uptake of sodium chlorate as a non-selective herbicide to control the growth of various perennial weeds, including morning glory, creeping thistle, and johnsongrass owing to their phototoxic properties, is propelling the market forward.

Sodium Chlorate Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the sodium chlorate market has been studied in the report with the detailed profiles of the key players operating in the market.

• Eka Chemicals
• Erco Worldwide
• Canexus
• Kemira Oyj
• China First Chemical Holdings Limited

Key Market Segmentation:

The report has segmented the sodium chlorate market on the basis of form, application and region.

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

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/sodium-chlorate-technical-material-market-report

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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