Sodium Chlorate Market Size, Share, Industry Overview, Analysis, Trends and Forecast 2023-2028

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The Sodium Chlorate Market is expected to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

IMARC Group, a leading market research company, has recently releases report titled “Sodium Chlorate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, The study provides a detailed analysis of the industry, including the global sodium chlorate market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the sodium chlorate market?

Report AttributesDetails
Market Size in 2022US$ 3.2 Billion
Market Forecast in 2028US$ 4.3 Billion
Growth rate (2023 to 2028)CAGR of 5.4%
Base Year of the Analysis2022
Forecast Period2023-2028

What is sodium chlorate?

Sodium chlorate (NaClO3) is an inorganic compound produced by the electrolysis of brine in the presence of sodium dichromate as a catalyst and hydrochloric acid (HCL) as a pH regulator. It is available in an odorless crystalline solid form that is characterized by a pale yellow to white color. Easily dissolvable in water, its pure form is non-combustible in nature but is known to act as a combustion accelerant in the presence of flammable materials. Since it also acts as oxidizing and bleaching agents, the chemical compound is extensively used for the production of herbicides, dyes, inks, cosmetics, paper and leather.

What are the growth prospects and trends in the Sodium Chlorate industry?

The market is primarily driven by the growing demand for chlorine dioxide, especially from the developing economies. Sodium chlorate is widely used for the on-site generation of chlorine dioxide that is an environment-friendly bleaching agent. It is further used to manufacture Elemental-Chlorine Free (ECF) paper products that are gaining widespread preference among the masses. Apart from this, the compound is used as a non-selective contact herbicide and defoliant on account of its phytotoxic in nature. As a result, it is employed for spot treatment of perennial weeds for vegetation control on roadsides and fence ways. The market is further driven by the growing utilization of sodium chlorate as an oxidant in the mining sector for extracting vanadium and uranium. Some of the other factors contributing to the market growth include its increasing utilization in the manufacturing of dyes, leather and breathing apparatus, and the easy availability of raw materials (sodium chloride and water) for its production.

 

Who are the key players operating in the industry?

The report covers the major market players including:

  • Eka Chemicals
  • Erco Worldwide
  • Canexus
  • Kemira Oyj
  • China First Chemical Holdings Limited
 

Breakup by Form:

  • Crystalline
  • Solution

Breakup by Application:

  • Pulp and Bleaching Industry
  • Chlorates of Other Metals
  • Leather Tanning
  • Dyes
  • Others

Regional Insights:

 
  • Canada
  • United States
  • China
  • Finland
  • Brazil
  • Others

Ask Analyst for Customization and Browse full report with TOC List of Figure: https://www.imarcgroup.com/sodium-chlorate-technical-material-market-report

 

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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