According to IMARC Group’s latest report, titled “Sodium Chlorate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global sodium chlorate market size reached US$ 3.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2027, exhibiting a growth rate (CAGR) of 5.57% during 2022-2027.
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.
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Sodium Chlorate Market Trends:
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.
Sodium Chlorate Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the sodium chlorate market has been studied in the report with the detailed profiles of the key players operating in the market.
Eka ChemicalsErco WorldwideCanexusKemira OyjChina First Chemical Holdings LimitedKey Market Segmentation:
The report has segmented the sodium chlorate market on the basis of form, application and region.
Breakup by Form:
CrystallineSolutionBreakup by Application:
Pulp and Bleaching IndustryChlorates of Other MetalsLeather TanningDyesOthersRegional Insights:
CanadaUnited StatesChinaFinlandBrazilOthersAsk Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/sodium-chlorate-technical-material-market-report
Key Highlights of the Report:
Market Performance (2016-2021)Market Outlook (2022-2027)Market TrendsMarket Drivers and Success FactorsImpact of COVID-19Value Chain AnalysisComprehensive mapping of the competitive landscapeIf you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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