Global Sodium Chlorate Market

Sodium Chlorate Market Size, Share, Growth Analysis, By Type(Crystalline and amorphous), By Application(Bleaching agents, herbicide and oxidizing agents), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15A2179 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 60 |Figures: 75

Sodium Chlorate Market Insights

Sodium Chlorate Market size was valued at USD 3.8 billion in 2021 and is poised to grow from USD 3.99 billion in 2022 to USD 5.9 billion by 2030, growing at a CAGR of 5% during the forecast period (2023-2030).

The global sodium chlorate market has experienced significant growth in recent years and is expected to continue expanding in the coming years. Sodium chlorate is a white crystalline compound primarily used in the production of chlorine dioxide, which is a key bleaching agent in the pulp and paper industry. The increasing demand for sodium chlorate in this sector, driven by the growth of the paper and packaging industry, is a major factor contributing to the market growth. Additionally, sodium chlorate finds applications in various other industries, including textiles, water treatment, and agriculture. The textile industry utilizes sodium chlorate for dyeing and printing processes, while the water treatment sector relies on it as a disinfectant. Moreover, sodium chlorate is utilized as an herbicide in the agricultural industry to control weed growth. These diverse applications across multiple industries have further propelled the demand for sodium chlorate globally. However, the market also faces certain challenges, such as stringent regulations on the use of sodium chlorate due to its potential environmental impact. Nevertheless, manufacturers are focusing on developing environmentally friendly alternatives and improving production efficiency to address these concerns. Furthermore, technological advancements and increasing investments in research and development activities are expected to drive innovation in the global market, fostering its growth and opening up new opportunities in the near future. Overall, the global market is poised for continued growth, driven by the expanding paper and packaging industry, increasing water treatment activities, and the demand for herbicides in agriculture.

US Sodium Chlorate Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 3.8 billion

Largest Segment

Crystalline

Fastest Growth

Crystalline

Growth Rate

5% CAGR

Global Sodium Chlorate Market ($ Bn)
Country Share for North America Region (%)

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Sodium Chlorate Market Segmental Analysis

Global Sodium Chlorate Market is segmented by type, application, and region. Based on type, the market can be segmented into Crystalline and amorphous. Based on application, the market is segmented into Bleaching agents, herbicide and oxidizing agents. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Sodium Chlorate Market Analysis by Type

The dominant segment in the global sodium chlorate market is the crystalline type. Crystalline sodium chlorate is widely utilized due to its superior stability and purity, making it a preferred choice in industries such as pulp and paper, textiles, and water treatment. Its reliable performance and consistent quality have established it as the primary segment in the market.

On the other hand, the fastest-growing segment in the global sodium chlorate market is the amorphous type. Amorphous sodium chlorate is gaining traction due to its enhanced solubility and higher reactivity compared to the crystalline form. This segment is experiencing rapid growth primarily driven by its increasing adoption in the agriculture industry for weed control. The amorphous sodium chlorate offers improved efficiency and effectiveness in herbicidal applications, leading to its rising demand and strong growth potential.

Sodium Chlorate Market Analysis by Application

The dominant segment in the global sodium chlorate market based on application is the bleaching agents segment. Sodium chlorate is extensively used as a bleaching agent in the pulp and paper industry. Its strong oxidizing properties make it an ideal choice for achieving bright and white paper products. The demand for sodium chlorate as a bleaching agent is driven by the growing paper and packaging industry worldwide, making it the leading application segment in the market.

The fastest-growing segment in the global sodium chlorate market based on application is the herbicide segment. Sodium chlorate acts as a potent herbicide, effectively controlling weed growth in various agricultural applications. The increasing need for efficient and sustainable weed control solutions in the agriculture industry is propelling the demand for sodium chlorate herbicides. Additionally, advancements in formulation technologies and the rising adoption of sodium chlorate-based herbicides are contributing to the rapid growth of this segment.

Global Sodium Chlorate Market By Type, 2023 (%)

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Sodium Chlorate Market Regional Insights

North America dominated the global sodium chlorate market based on region. North America has a well-established pulp and paper industry, which drives the demand for sodium chlorate as a key bleaching agent. The region also has stringent regulations and standards for water treatment, further contributing to the demand for sodium chlorate in the water treatment sector. The presence of major manufacturers and technological advancements in North America further solidify its position as the dominant segment in the market.

The fastest-growing segment in the global sodium chlorate market based on region is Asia Pacific. The region's rapid industrialization, expanding paper and packaging industry, and increasing agricultural activities are driving the demand for sodium chlorate. Moreover, the rising population and urbanization in countries like China and India are boosting the consumption of paper products, thereby fueling the demand for sodium chlorate as a bleaching agent. The growing focus on water treatment and environmental regulations in the region also contribute to the market's growth. With these factors at play, the Asia Pacific region is experiencing significant growth in the sodium chlorate market.

Global Sodium Chlorate Market By Geography, 2024-2031
  • Largest
  • Fastest

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Sodium Chlorate Market Dynamics

Sodium Chlorate Market Drivers

Increasing demand for bleaching agents in the pulp and paper industry

  • One key driver of the global sodium chlorate market is the growing demand for bleaching agents in the pulp and paper industry. The increasing consumption of paper and packaging products, driven by factors such as e-commerce growth and sustainable packaging initiatives, is fueling the demand for sodium chlorate as a crucial bleaching agent.

Sodium Chlorate Market Restraints

Stringent regulations and environmental concerns associated with the use of sodium chlorate

  • A key restraint for the market is the stringent regulations and environmental concerns associated with the use of sodium chlorate. Due to its potential environmental impact, there are strict regulations in place regarding its production, use, and disposal. These regulations can impose additional costs and limitations on manufacturers, affecting the overall market growth. However, efforts are being made by manufacturers to develop environmentally friendly alternatives and improve the sustainability of sodium chlorate production processes to mitigate these restraints.

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Sodium Chlorate Market Competitive Landscape

The competitive landscape of the global sodium chlorate market is characterized by intense competition among key players striving to expand their market presence and gain a competitive edge. Market participants focus on product innovation, research and development activities, and strategic collaborations to enhance their product offerings and cater to diverse industry needs. Additionally, manufacturers emphasize maintaining stringent quality standards and ensuring a reliable supply chain to meet the growing demand for sodium chlorate. The market also witnesses the presence of regional and local players, who often compete based on cost-effectiveness and localized customer requirements. Overall, the competitive landscape is dynamic, with a strong emphasis on innovation and customer-centric approaches to sustain market position and drive growth.

Sodium Chlorate Market Top Player’s Company Profiles

  • Arkema SA (France)
  • Nouryon (The Netherlands)
  • ERCO (Canada)
  • Kemira (Finland)
  • Merck KGaA (Germany)
  • China First Chemical Holdings Limited (China)
  • HARKE GROUP (Germany)
  • Tronox Holdings plc (US)
  • Chemtrade (Canada)
  • Brenntag AG (Germany)
  • Ercros S.A (Spain)
  • GACL (India)
  • Inner Mongolia Lantai Industrial Co., Ltd. (China)
  • Chemours Company (US)
  • Canexus (Canada)
  • AVA Chemicals (India)
  • ERCO Worldwide (Canada)
  • JSC Grodno Azot (Belarus)
  • Solvay SA (Belgium)
  • SP Chemicals Holdings Ltd (China)

Sodium Chlorate Market Recent Developments

  • In April 2022, Nouryon announced the expansion of its sodium chlorate production capacity at its Oulu manufacturing site in Finland. The investment aims to meet the growing demand for sodium chlorate in the pulp and paper industry and support sustainable production practices.
  • In March 2022, Kemira introduced a new sodium chlorate product specifically designed for the needs of the pulp and paper industry. The product offers improved efficiency and environmental performance in bleaching processes.
  • In September 2021, Arkema SA announced the acquisition of a sodium chlorate production facility in Brazil, expanding its global presence in the sodium chlorate market. The acquisition strengthens Arkema's position as a key supplier of sodium chlorate in South America.
  • In June 2021, Nouryon signed a ten-year agreement with Metsä Fibre, a Metsä Group company, to supply sodium chlorate to Metsä Fibre's new bioproduct mill in Kemi, Finland. The collaboration includes investments in Nouryon's Oulu manufacturing site to enhance sodium chlorate production using renewable energy sources.
  • In January 2021, Merck KGaA announced the development of innovative sodium chlorate solutions for the textile industry. The new solutions offer enhanced performance in dyeing and printing processes, providing greater efficiency and sustainability.

Sodium Chlorate Key Market Trends

  • One key market trend in the sodium chlorate market is the increasing focus on sustainability and the adoption of renewable energy sources in production processes. Companies are investing in technologies and infrastructure to reduce carbon emissions, enhance energy efficiency, and utilize renewable energy for sodium chlorate production. This trend aligns with the growing demand for sustainable solutions and the industry's commitment to environmental stewardship. By incorporating renewable energy sources, companies aim to reduce their environmental footprint and meet the sustainability goals of their customers, driving the overall market towards more eco-friendly practices.

Sodium Chlorate Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global sodium chlorate market analysis, the market is experiencing significant growth driven by the expanding pulp and paper industry, particularly in regions like Asia Pacific. Sodium chlorate is primarily used as a bleaching agent in the production of paper and packaging products. The market also finds applications in textiles, water treatment, and agriculture, where sodium chlorate acts as a dyeing agent, disinfectant, and herbicide, respectively. While the market faces challenges due to environmental regulations, manufacturers are focusing on developing sustainable alternatives and improving production efficiency. The market is characterized by intense competition, with companies emphasizing product innovation and strategic collaborations. Moreover, there is a growing trend towards sustainability and renewable energy adoption in sodium chlorate production processes. Overall, the market is poised for continued growth, driven by the demand for paper and packaging products, water treatment activities, and the need for effective herbicides in agriculture.

Report Metric Details
Market size value in 2023 USD 3.8 billion
Market size value in 2031 USD 5.9 billion
Growth Rate 5%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Crystalline and amorphous
  • Application
    • Bleaching agents, herbicide and oxidizing agents
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Arkema SA (France)
  • Nouryon (The Netherlands)
  • ERCO (Canada)
  • Kemira (Finland)
  • Merck KGaA (Germany)
  • China First Chemical Holdings Limited (China)
  • HARKE GROUP (Germany)
  • Tronox Holdings plc (US)
  • Chemtrade (Canada)
  • Brenntag AG (Germany)
  • Ercros S.A (Spain)
  • GACL (India)
  • Inner Mongolia Lantai Industrial Co., Ltd. (China)
  • Chemours Company (US)
  • Canexus (Canada)
  • AVA Chemicals (India)
  • ERCO Worldwide (Canada)
  • JSC Grodno Azot (Belarus)
  • Solvay SA (Belgium)
  • SP Chemicals Holdings Ltd (China)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Sodium Chlorate Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Sodium Chlorate Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Sodium Chlorate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sodium Chlorate Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sodium Chlorate Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Sodium Chlorate Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Sodium Chlorate Market size was valued at USD 3.8 billion in 2021 and is poised to grow from USD 3.99 billion in 2022 to USD 5.9 billion by 2030, growing at a CAGR of 5% during the forecast period (2023-2030).

The competitive landscape of the sodium chlorate market is characterized by intense competition among key players striving to expand their market presence and gain a competitive edge. Market participants focus on product innovation, research and development activities, and strategic collaborations to enhance their product offerings and cater to diverse industry needs. Additionally, manufacturers emphasize maintaining stringent quality standards and ensuring a reliable supply chain to meet the growing demand for sodium chlorate. The market also witnesses the presence of regional and local players, who often compete based on cost-effectiveness and localized customer requirements. Overall, the competitive landscape is dynamic, with a strong emphasis on innovation and customer-centric approaches to sustain market position and drive growth. 'Arkema SA (France)', 'Nouryon (The Netherlands)', 'ERCO (Canada)', 'Kemira (Finland)', 'Merck KGaA (Germany)', 'China First Chemical Holdings Limited (China)', 'HARKE GROUP (Germany)', 'Tronox Holdings plc (US)', 'Chemtrade (Canada)', 'Brenntag AG (Germany)', 'Ercros S.A (Spain)', 'GACL (India)', 'Inner Mongolia Lantai Industrial Co., Ltd. (China)', 'Chemours Company (US)', 'Canexus (Canada)', 'AVA Chemicals (India)', 'ERCO Worldwide (Canada)', 'JSC Grodno Azot (Belarus)', 'Solvay SA (Belgium)', 'SP Chemicals Holdings Ltd (China)'

One key driver of the sodium chlorate market is the growing demand for bleaching agents in the pulp and paper industry. The increasing consumption of paper and packaging products, driven by factors such as e-commerce growth and sustainable packaging initiatives, is fueling the demand for sodium chlorate as a crucial bleaching agent.

One key market trend in the sodium chlorate market is the increasing focus on sustainability and the adoption of renewable energy sources in production processes. Companies are investing in technologies and infrastructure to reduce carbon emissions, enhance energy efficiency, and utilize renewable energy for sodium chlorate production. This trend aligns with the growing demand for sustainable solutions and the industry's commitment to environmental stewardship. By incorporating renewable energy sources, companies aim to reduce their environmental footprint and meet the sustainability goals of their customers, driving the overall market towards more eco-friendly practices.

North America dominated the sodium chlorate market based on region. North America has a well-established pulp and paper industry, which drives the demand for sodium chlorate as a key bleaching agent. The region also has stringent regulations and standards for water treatment, further contributing to the demand for sodium chlorate in the water treatment sector. The presence of major manufacturers and technological advancements in North America further solidify its position as the dominant segment in the market.

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Global Sodium Chlorate Market

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