Global Sodium Chlorate Market Will Grow at 894.4 Thousand Tonnes During 2019-2023 | Technavio

Technavio has announced the release of their research report on the global sodium chlorate market for the forecast period 2019-2023. This global sodium chlorate market analysis report segments the market by end-user (pulp and paper and others) and geography (APAC, Europe, MEA, North America, and South America).

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Technavio has published a new market research report on the global sodium chlorate market from 2019- ...

Technavio has published a new market research report on the global sodium chlorate market from 2019-2023. (Graphic: Business Wire)

Global sodium chlorate market size will grow by almost 894.4 thousand tonnes during 2019-2023, at a CAGR of more than 4%. Sodium chlorate is increasingly used in various end-user industries such as mining, water treatment, chemicals, and fireworks. In agriculture, it is used as a herbicide due to its oxidizing properties. Sodium chlorate is also used as a defoliant and disinfectant for crops such as corn, flax, soybeans, and cotton. In the mining industry, sodium chlorate is used as an oxidizing agent for treating ore in the extraction of vanadium. The growing use of sodium chlorate in several end-user industries is one of the key trends that will fuel the growth of the market.

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Growing pulp and paper industry

The pulp and paper industry uses chlorine oxide derived from sodium chlorate to bleach wood pulp to produce high-quality and environmentally friendly paper products. Many manufacturers in the paper industry are incorporating eco-friendly technologies to improve their production efficiency. The growth of the pulp and paper industry generating strong demand for sodium chlorate due to its easy availability and cost-effectiveness.

“North America was the largest consumer of sodium chlorate in 2018 and is expected to dominate during the forecast period. The high demand for paper and paper products, and increasing mining activities in the region will support market growth in the region. The APAC region will witness a faster growth in the sodium chlorate market during the forecast period due to high demand from rapidly developing countries such as China, India, and Malaysia. The growth in the agricultural sector and the increasing vanadium production in China will further drive the demand for sodium chlorate in the region,” says an analyst at Technavio.

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This global sodium chlorate industry research report provides an in-depth analysis of the major drivers, upcoming trends, and challenges that will impact market growth over the forecast period. The report analyzes the competitive landscape and offers details on several sodium chlorate manufacturers including -

  • Akzo Nobel N.V.
  • Arkema
  • Kemira
  • Superior Plus

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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