According to ChemAnalyst report, “Global Sodium Chlorate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, The Sodium Chlorate market is likely to experience a significant increase by reaching 5700 thousand tonnes in 2035, at an expected CAGR of 3.37% during the forecast period. The increasing demand of Sodium Chlorate from Pulp & Paper Industries, Chemical Intermediates, Water Treatment, Metal & Mining (Surface Treatment), and other end-use industries, is anticipated to level-up the demand for Sodium Chlorate market in the coming years.
Sodium Chlorate is an inorganic salt of sodium with chemical formula NaClO3. It is prepared on an industrial level by electrolysis of concentrated brine. This salt is highly hygroscopic in nature. It is a powerful oxidizing agent and commonly used for bleaching paper and even making its tone more vivid and whiter. At high temperatures of about 300 degrees Celsius, this salt releases oxygen. The applications of Sodium Chlorate include production of dyes, herbicides, defoliants, inks, leather, paper, and explosives.
The Sodium Chlorate market across the globe is majorly driven by the Pulp & Paper Industries. In 2021, the Pulp & Paper Industries consumed more than 85% of the global Sodium Chlorate. Sodium Chlorate is employed for the production of chlorine dioxide, which works a powerful bleaching agent. On itself, sodium chlorate works as a powerful oxidizing agent and used for tanning leather. It is used to manufacture tissue paper, toilet paper, and high-quality paper which is anticipated to expand its market in future. The production of herbicides using sodium chlorate is also expected to aid the expansion of the Sodium Chlorate market.
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The global Sodium Chlorate market is segmented based on end-use, sales channel, and region. Based on end-uses, the Sodium Chlorate market is segregated into Pulp & Paper Industries, Chemical Intermediates, Water Treatment, Metal & Mining (Surface Treatment), and Others. The Pulp & Paper Industries are dominating the Sodium Chlorate market. It is anticipated to remain the most significant consumer in forecast period due to growing demand of pulp and paper for packaging, writing, commercial and educational purposes. Chemical Intermediates and Water Treatment industries hold significant market shares of the global Sodium Chlorate market.
Based on demand by region, North America dominates the global Sodium Chlorate market, consuming about with a demand of more than 35% of the global Sodium Chlorate in 2021 amongst all other regions. It is anticipated that it will continue to dominate the market in the coming years due to greater demands of cardboard for packaging items for ecommerce purposes. USA is dominating the Sodium Chlorate market as a producer. This region accounted for production of about 60% of the global Sodium Chlorate in 2021 and is anticipated to retain its position in the coming years.
“Global Sodium Chlorate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, the significant players functional in the Sodium Chlorate market include Nouryon, Chemtrade, Erco Worldwide, Inc., Kemira, China First Chemical Holding Limited, Arkema S.A, and Kerr McGee Chemicals Corp.
“The surging demand for Sodium Chlorate for its bleaching property is primarily responsible for its usage to bleach Paper and Pulp, which is expected to drive the Global Sodium Chlorate market in the forecast period until 2035. Along with that, Sodium Chlorate is used in the agriculture sector as herbicides that finely contributes to Sodium Chlorate market expansion in the coming years. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
Full Report at https://www.chemanalyst.com/industry-report/sodium-chlorate-market-706
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