Sodium Chlorate Market Trends, Analysis and Forecast to 2027
According to IMARC Group’s latest report, titled “Sodium Chlorate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the sodium chlorate market trends.
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 refers to an inorganic chemical compound derived from the electrolysis of brine. In terms of form, it can be segmented into crystalline and amorphous categories. These sodium chlorate variants are powerful oxidizing agents and readily dissolve in water. They are inflammable in nature in their purest form and act as combustion accelerants in the presence of flammable materials during decomposition. Sodium chlorate compounds are used in the preparation of chlorine dioxide, which is an excellent bleaching agent. Consequently, they find extensive applications across numerous sectors, such as paper and pulp, leather tanning, textiles, dyes, agriculture, etc.
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Sodium Chlorate Market Trends:
The escalating need for wood pulp to manufacture superior-quality packaging materials, tissue paper, and craft paper is primarily driving the sodium chlorate market. In line with this, the emerging trend of using eco-friendly techniques for paper production is also positively influencing the market growth. Apart from this, the expanding agricultural industry and the elevating usage of the product in it its crystalline form for producing herbicides is acting as another significant growth-inducing factor. Moreover, the growing demand for amorphous sodium chlorate as an oxidizing agent in the chemical industry and for several niche applications, which cover the manufacturing of oxidation candles utilized in aircraft and submarines is further catalyzing the market growth. In addition to this, the inflating investments in research and development activities (R&D) and the rising strategic collaboration between leading market players to expand the consumer base and ensure higher profit margins are expected to bolster the sodium chlorate market over the forecasted period.
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 Chemicals
Erco Worldwide
Canexus
Kemira Oyj
China First Chemical Holdings Limited
Key Market Segmentation:
The report has segmented the sodium chlorate market on the basis of form, application and region.
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
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Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If 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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