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Global Sodium Chlorate Market to Reach 5.74 Million Tons by 2026.
Sodium Chlorate is a white crystalline powder with the chemical formula, NaClO3. It is highly soluble in water and decomposes to oxygen and sodium chloride (NaCl) at high temperature. Being hygroscopic in nature, sodium chlorate is majorly used for applications in the bleaching industry. It is also used as a herbicide, as it kills all green plants through root absorption.
Sodium chlorate has also been used as a chemical intermediate in the manufacture of sodium perchlorate and potassium chlorate. Some other uses of sodium chlorate include leather tanning, manufacture of explosives, fireworks and dyes, and the production of oxygen rescue apparatus. According to a new report by Expert Market Research, the global sodium chlorate market reached a volume of 4.52 Million Tons in 2020 and is further expected to reach 5.74 Million Tons by 2026.
The market of sodium chlorate is mainly driven by the demand for paper pulp bleaching. The implementation of ECF (Environmental Chlorine Free) production process in the paper and pulp industry by governments across the world has resulted in a reduction in the usage of chlorine in the bleaching process. Sodium chlorate releases chlorine dioxide which is considered to be a substitute of chlorine gas as an oxidising agent which does not possess any carcinogenic effects, and has high bleaching and disinfection performance. As a result, the ECF policy is expected to boost the global demand for sodium chlorate in the coming years.
Key findings from the report:
- The end-uses of sodium chlorate include pulp and bleaching industry and others. In 2020, pulp and bleaching industry represented the largest end-use segment with the majority of the market share.
- Region-wise, the US dominated the market with a share of more than a fifth of the total global production in 2020. It was followed by Canada, China, Finland and Brazil.
- The global sodium chlorate market is surrounded by a number of key players. Some of these players include Eka Chemicals Inc., ERCO Worldwide, Kemira Oyj, China First Chemical Holdings Limited, and Chemtrade Electrochem Inc among others.
Expert Market Research has analysed the global sodium chlorate market according to end-use, major regions and top players:
Market breakup by End-use
- Pulp and Bleaching Industry
- Others
Market breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Top players
- Eka Chemicals Inc.
- ERCO Worldwide
- Kemira Oyj
- China First Chemical Holdings Limited
- Chemtrade Electrochem Inc
About Us:
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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