Summary

Global Sodium Chlorate Market is expected to grow at a significant rate of around 5% during the forecast period. In the industrial plant, concentrated sodium chloride solutions are electrolyzed to create sodium chlorate. Sodium chlorate is utilized as an oxidizing agent in the dyes industry as well as in the production of explosives, matches, and other products. Chlorine dioxide, a green bleaching agent used in the paper and pulp industries, is mostly made from sodium chlorate. Factors such as increasing demand for leather tanning and dyes applications coupled with the growing adoption of sodium chlorate in the agriculture sector. Major companies in the market are increasing their production capacity of sodium chlorate. For instance, Kemira signed an agreement with UPM-Kymmene Corp. to expand the capacity for sodium chlorate and hydrogen peroxide production in Uruguay.

Arkema; Nouryon; ERCO Worldwide; Kemira; Shree Chlorates; Tronox Holdings plc; ChemTrade; American Elements; Mil-Spec Industries Corporation; GFS Chemicals, Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with more production.

Insights Presented in the Report
“Amongst form, crystalline sodium chlorate category to witness higher CAGR during the forecast period”
Based on form, the market is bifurcated into crystalline and amorphous. The crystalline sodium chlorate category witnessed a higher CAGR during the forecast period. As crystalline sodium chlorate is used in the production of weed control, sodium perchlorate, potassium chlorate, and sodium chlorite. Sodium Chlorate is being used in multiple industries such as bleaches, paper & pulp, dyes, explosives, and others. Also, the crystalline form is found to be quite expensive in comparison to amorphous, given its higher cost of production.

“Amongst end-user, the chemical industry witnessed the highest CAGR during the forecast period.”
Based on end-user, the market is categorized into paper & pulp, chemical, mining, and others. Among these, the chemical industry witnessed the highest CAGR during the forecast period because sodium chlorate is used primarily as an oxidizing agent in the chemical industry. Where sodium chlorate is used as a raw material in the production of other chemicals, such as perchlorates, chlorates, and potassium chlorate. Additionally, it is also used as an intermediate in the manufacture of chlorine dioxide, which is used as a bleaching agent in the pulp and paper industry, as well as a sanitizer in water treatment applications. Thus, such factors are escalating the growth of sodium chlorate in the chemical industry.

“North America is anticipated to grow at a substantial CAGR during the forecast period.”
North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the growing end-user industries such as e-commerce, paper & pulp, bleaches, dyes, etc. In addition, the growing demand for leather tanning is in turn increasing the demand for sodium chlorate in the region. Furthermore, sodium chlorate is highly preferred in premium leather products applications such as jackets, upholstery, and shoes which is further escalating the growth of the market. In North America, U.S. leads as a major producer of sodium chlorate which is expected to become the top producer across the globe in the coming years.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global sodium chlorate market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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