Report Code: A07339 | Nov 2023 | Pages: NA | ||
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Request Now !Sodium chlorate is an inorganic chemical compound produced by the electrolysis of brine. It is white/off-white in color, odorless, and highly soluble in water. It is one of the most widely used chemical. Moreover, in its pure form, it is inflammable but during its decomposition, it releases oxygen. There is increase in use of sodium chlorate for niche applications such as for the production of oxidation candles for use in aircraft and submarines. Sodium chlorate is also used for surface treatment of metals in the automotive and electronics industries, dyes, cosmetics, pharmaceuticals, and leather manufacturing. In the agriculture industry, it is widely used as an herbicide due to its oxidizing properties. Moreover, it is an eco- friendly bleaching agent. Rise in use of tissue papers, including facial wipes, baby wipes, and toilet papers on a large scale in restaurants, offices, and households further boosts the sodium chlorate market.
Increase in demand for wood pulp for craft paper manufacturing and rise in demand for sodium chlorate in dye manufacturing as well as in the leather & tanning industry are the key factors that drive the sodium chlorate market. Furthermore, demand for superior-quality packaging paper, tissue paper, and craft paper has been increasing among consumers. This is expected to provide growth opportunities to the sodium chlorate market as well. Other factors, such as increase in use of sodium chlorate in explosives & mining activities and rapidly expanding agricultural industry across the globe, are expected to boost the market growth.
Moreover, the availability of substitutes, such as hydrogen peroxide and ozone, which can be used to bleach paper and pulp is expected to hamper the market growth. Mostly consumers prefer a low level of paper whiteness as the processing process contains huge quantities of bleach and processed paper is costly compared to normal paper. This is expected to hamper the growth of the sodium chlorate market. In addition, there are stringent government regulations for the use of sodium chlorate, owing to its harmful effects on the environment and health.
Bayer CropScience announced new Luxxur herbicide molecule, which is capable of controlling resistant grasses. It would give a different post-emergence mode of action, which means it would kill weeds once they are growing and above the ground. Luxxur herbicide is formulated with a precise combination of active ingredients optimized to control many grass and broadleaf weeds in spring, winter, and durum wheat fields.
By region, the global sodium chlorate market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to represent the highest growth with China and India being the key sources of growth. Rapid industrialization is the major reason for the growth of the market in Asia-Pacific countries. Paper & pulp and mining industries in the Asia-Pacific region are estimated to expand significantly. China leads the market in Asia-Pacific due to increase in demand from the paper & pulp industry in the country. Along with paper and pulp, sodium chlorate is also used in fireworks to create color in fireworks by the use of metal salts. It is also widely used as a chemical intermediate in potassium chlorate, which is an active ingredient in the manufacturing of explosives. Other significant applications of sodium chlorate are pharmaceutical, vanadium mining, metal treatment, and herbicide. However, the demand in the automotive sector is growing significantly in developed countries due to advanced technologies and improved engine designs, which is expected to create growth opportunities for the market.
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Sodium Chlorate Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights
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Key Market Players | Chemfab Alkalis Limited, ERCO Worldwide, Nouryon, Tronox, Shree Chlorates, Arkema, American Elements, Mil-Spec Industries, B. Enterprises, ChemTrade, KemiraOyj |
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