An inorganic compound, sodium chlorate is a white crystalline powder with the chemical formula NaClO3. It is produced on an industrial level by electrolyzing sodium chloride (NaCl) with water (H2O) and by adding other chemicals. Sodium chlorate is odourless, highly soluble in water and decomposes above 300°C to release oxygen and leave sodium chloride. It is widely used as a bleaching agent, oxidizing/reducing agent, intermediate, etc. During 2014-2018, the global sodium chlorate market grew at a CAGR of around 5%. The consumption of sodium chlorate is primarily driven by the agriculture (particularly fungicides) and the animal husbandry sector which account for the majority of its consumption. This report by Expert Market Research entitled “Sodium Chlorate Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray into the sodium chlorate market.
Historical market trends for the sodium chlorate industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global Sodium Chlorate market into Canada, USA, China, Finland and Brazil. Region-wise, Canada currently represents the largest market. On the basis of end-use, the global sodium chlorate market has been segmented as pulp bleaching industry and other applications. Pulp and bleaching currently represents the biggest end-use market for sodium chlorate.
The value chain analysis of sodium chlorate has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the sodium chlorate industry has also been provided. The report also covers the global import and export trends of sodium chlorate with the United States of America being the largest importer and Canada being the largest exporter.
This report provides an exhaustive insight into the manufacturing of sodium chlorate. Factors such as reactions involved, process flow, raw material requirements, mass balance and various manufacturing steps have been thoroughly discussed in the report. The report also provides a comprehensive market evaluation of the major feedstocks required for manufacturing sodium chlorate viz. NaCl and water. For each feedstock, the report provides market trends, price trends, market by application, market by region and its key manufacturers.
The following are the key questions answered by this report:
- What are the market trends for the global sodium chlorate market?
- Which are the biggest markets (regions) for sodium chlorate?
- What are the key application areas for sodium chlorate?
- Who are the key manufacturers in the sodium chlorate market?
- What are the price trends of sodium chlorate?
- What are the raw material requirements for the manufacturing of sodium chlorate?
- What are the chemical reactions involved during the manufacturing of sodium chlorate?
- Who are the major importers and exporters of sodium chlorate?
- What is the value chain analysis of the sodium chlorate industry?
- What are the market trends of major feedstocks?
- What are the price trends of major feedstocks?
- Which are the biggest markets (regions) for major feedstocks?
- What are the key application areas for various feedstocks?
- Who are the key players for various feedstocks?
In order to prepare this research report, Expert Market Research conducted face to face and telephone interviews with numerous industry participants in the sodium chlorate industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector specific events and assumptions are taken into account to generate the final forecast.