The Sodium chlorate market share is expected to reach US$ 4,619.9 million in 2032 Dyes, Wood, pulp and and Paper Industry will drive the market growth during the forecast period. According to FMI, the sodium chlorate market is estimated at US$ 3,217.9 million in 2022 and is expected to increase at a CAGR of 4.1% in the forecast period from 2022 to 2032.
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
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 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.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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.
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