Sodium Chlorate Market Size & Share, by Form (Crystalline, Solution); Application (Bleaching Agents, Herbicide, Oxidizing Agents); End-user (Paper & Pulp, Chemical, Mining) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3735
  • Published Date: Aug 09, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Sodium Chlorate Market size is estimated to cross USD 6.2 Billion by the end of 2035, growing at a CAGR of 5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of sodium chlorate was USD 3.3 Billion. The growth of the market can be propelled by the growing paper and pulp industries across the globe. Sodium chlorate is often employed in the production of chlorine dioxide, which is utilized as a bleaching ingredient in the production of bleached pulp. It is estimated that the pulp and paper industry use more than 89% of all sodium chlorate generated globally to manufacture chlorine dioxide, a highly essential ingredient utilized in elemental chlorine-free pulp bleaching.

With the growing demand from end-users, the sodium chlorate market for chemical products is expected to grow in the future. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, the Chemical industry in the U.S. accounted for 16.43% of manufacturing value-added in 2018.


Sodium Chlorate Market Size
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Sodium Chlorate Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Growth in Mining Sector- Sodium chlorate is utilized in the mining sector to recover a range of metals. It is also an essential component in fireworks and is employed for the creation of oxygen candles, which are deployed on aircraft and submarines, as well as by producers of breathing devices for firefighters and mine emergency personnel. The mining industry is vital to the global economy. In 2021, the revenue of the top 40 global mining corporations, which account for the great majority of the industry, was estimated to be around 925 billion US dollars.
  • Increasing Use of Sodium Chlorate for Tanning and Finishing Leather, and Manufacturing of Dyes- India is the world's second-biggest supplier of leather clothes and fourth-largest distributor of leather items. In 2021-22, the garments sector comprised 7.03% of total leather exports in the country.
  • Rising Government Investment in Chemical Industry- Government subsidies in the chemical industry, boost the production of the chemicals such as sodium chlorate in different regions.
  • Surging Use in Hygiene Items-  The demand for wipes, tissues, sanitary pads, and other hygiene items are boosting the need for sodium chlorate, resulting in the growth of the market in the near future.

 

Challenges

  •  Harmful Side Effects
  •  Negative Impact on the Environment
  •  Stringent Regulations Associated with the Usage of Sodium Chlorate in Some Countries

Sodium chlorate was previously primarily used as a pesticide, to destroy weeds and unwanted foliage. Both persons and the surroundings are harmed by sodium chlorate. As a result, both the sale and the utilization of sodium chlorate in plant safeguards and pesticides are prohibited in the EU.

Sodium Chlorate Market: Key Insights

  Base Year

2022

  Forecast Year

2023-2035

  CAGR

~5%

  Base Year Market Size (2022)

~ USD 3.3 Billion

  Forecast Year Market Size (2035)

~ USD 6.2 Billion

  Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Sodium Chlorate Segmentation

Application (Bleaching Agents, Herbicide, Oxidizing Agents

The bleaching agents segment in the sodium chlorate market is expected to gain a notable share of about 41% in the year 2035. Sodium chlorate (NaClO3) is an industrial salt produced by electrolyzing sodium chloride (NaCl). It is commonly used in the elemental chlorine-free (ECF) chemical bleaching process. Based on the EU Chemical Agency, the ECF process is used to create 93% of the pulp in the European Union that has experienced chemical bleaching. The compound is widely used in the chemical intermediate in the production of explosives and plant protection products.

Form (Crystalline, Solution)

Sodium chlorate market from the crystalline segment is estimated to gain the largest share of about 35% in the year 2035. The crystalline sodium chlorate segment is expected to rise owing to increased use in weed management and the manufacturing of sodium perchlorate, potassium chlorate, and sodium chlorite. Considering the greater expense of manufacturing, the crystalline form has been determined to be relatively expensive when contrasted to the amorphous.

Our in-depth analysis of the global sodium chlorate market includes the following segments:

 

  Form

 

  • Crystalline
  • Solution

  Application

 

  • Bleaching Agents
  • Herbicide
  • Oxidizing Agents

  End User

 

  • Paper & Pulp
  • Chemical
  • Mining

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Sodium Chlorate Industry- Regional Synopsis

North American Market Statistics

The sodium chlorate market in North America is anticipated to occupy the largest share of 31 % over the forecast period. The sodium chlorate industry in North America, driven by Canada, is predicted to grow significantly through 2035. The increase in e-commerce activity such as online retail has increased the demand for cardboard packaging throughout the region. In 2021, Canada's paper and paperboard manufacturing capacity was 9.4 million metric tons (air dry). Canada's paper and cardboard manufacturing output is expected to fall to 9.3 million metric tons by 2026. Furthermore, prominent firms are continually concentrating on relentless efforts for production improvements and collaboration-oriented approaches such as acquisitions and collaborations, to expand their product offering and increase their foothold in this region's fiercely competitive landscape.

APAC Market Analysis

The sodium chlorate market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of rapidly growing industrialization in the region. Furthermore, the increased demand for improved engine designs and the introduction of new technologies have resulted in considerable advancements in the automobile business, mostly in industrialized countries. In addition, the strong presence of major market players is also expected to propel the region’s market growth in the near future.

Research Nester
Sodium Chlorate Market
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Companies Dominating the Sodium Chlorate Market

top-features-companies
    • Kemira Oyj
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • China First Chemical Holdings Limited
    • ERCO Worldwide
    • Arkema S.A.
    • Nouryon Chemicals Holding B.V.
    • Mil-Spec Industries Corporation
    • Chemtrade Electrochem Inc.
    • Chemfab Alkalis Limited
    • Chemtrade Logistics Inc.
    • Tronox Inc.

In-the-news

In The News

  • May 2020 - Kemira Oyj signed a long-term agreement with UPM-Kymmene Corp. to extend the capacity for sodium chlorate and hydrogen peroxide production in Uruguay.
  • September 2019 - Arkema announced a price increase for its ranges of sodium chlorate and hydrogen peroxide in Europe and for the export markets.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3735
  • Published Date: Aug 09, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving market growth are increasing use of the sodium chlorate for tanning and finishing leather, and manufacturing of dyes, and high utilization of the product in paper and pulp industry.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2033.

North America will provide more business opportunities for market growth owing to the increasing establishment of new paper industries, and rapidly growing industrialization in the region.

The major players in the market are Kemira Oyj, China First Chemical Holdings Limited, ERCO Worldwide, Arkema S.A., and others.

The crystalline segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.
Sodium Chlorate Market Report Scope
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