Global Sodium Chlorite Market

Sodium Chlorite Market Size, Share, Growth Analysis, By Type(Liquid Sodium Chlorite, and Solid Sodium Chlorite), By Application(Water Treatment, Textile Application, Paper industry, Pulp Application), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15A2237 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 65 | Figures: 69

Sodium Chlorite Market News

  • In March 2024, Circle Capital minimized Compass Minerals Global from a "purchase" rating to a "hold" rating, as per a report by Marketbeat.com. They have set an objective cost of $26.00 for the Fundamental Materials organization's stock, brought down from their past objective of $29.00. Circle Capital's cost target recommends an expected potential gain of 10.31% from the ongoing stock cost. 

     

  • In February 2024, MicroSalt, TekCapital's champion portfolio organization, is set to send off its Initial Public Offering (IPO) on February 1, 2024. This move comes amid a better climate for new organizations contrasted with 2023, with assumptions for decreasing inflation and potential interest rate reductions in the last part of the year. 

     

  • In March 2024, the pulp and paper industries were seeing the benefits of involving sodium chlorate as both a bleaching agent and a weed killer. This versatile chemical demonstrates helpfulness in further developing the bleaching process for paper production while additionally successfully controlling weeds, adding to upgraded proficiency and efficiency in these enterprises.

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Sodium Chlorite Market size was valued at USD 215.98 million in 2022 and is poised to grow from USD 230.02 million in 2023 to USD 380.68 million by 2031, growing at a CAGR of 6.50% in the forecast period (2024-2031).

The sodium chlorite market features a competitive landscape characterized by a mix of established chemical manufacturers and specialized suppliers. Key players in the industry include companies such as Arkema Group, Sigma-Aldrich (now part of MilliporeSigma), Alfa Aesar (Thermo Fisher Scientific), and Ercros S.A. These companies possess extensive production capabilities and distribution networks, allowing them to cater to diverse industries, including water treatment, textiles, and chemical synthesis. Moreover, the market is witnessing the emergence of smaller players and regional manufacturers offering niche products and focusing on customization to meet specific application demands. The competition is driven by factors such as product quality, innovation, pricing strategies, and regulatory compliance. Additionally, partnerships, collaborations, and acquisitions are prevalent strategies to expand market presence and enhance product portfolios. 'Alfa Aesar (U.S.)', 'Merck KGaA (Germany', 'Kemira Oyj (Finland)', 'DuPont (U.S.)', 'Akzo Nobel N.V.(Netherlands)', 'Arkema (France)', 'OSAKA SODA (Japan)', 'Carlit Holdings Co., Ltd. (Japan)', 'Parchem Fine & Specialty Chemicals (U.S.)', 'Ercros (Spain)', 'ERCO Worldwide (Canada)', 'Occidental Petroleum Corporation (U.S.)', 'Fengshan Group Co.,Ltd (China)', 'Shandong Gaomi Gaoyuan Chemical Industry Co.,Ltd. (China)'

The sodium chlorite market is driven by the increasing demand for water treatment solutions across various industries. Sodium chlorite is used as a disinfectant and oxidizing agent in water treatment processes, especially in municipal water treatment, industrial water purification, and wastewater treatment, thus supporting its market growth.

Growing Demand for Water Treatment Applications: One key market trend in the sodium chlorite market is the increasing demand for water treatment applications. Sodium chlorite is utilized as a powerful disinfectant and oxidizing agent in water treatment processes, particularly in the purification of drinking water and wastewater treatment. Its effectiveness in controlling microbial contamination and removing impurities has led to rising adoption in municipal and industrial water treatment facilities worldwide. As concerns about water quality and environmental sustainability heighten, the demand for sodium chlorite for water treatment is expected to continue to grow.

The sodium chlorite market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The sodium chlorite market has experienced significant growth with Asia Pacific emerging as the dominant region. The APAC region holds a prominent position in the sodium chlorite market due to its vast industrialization, manufacturing activities, and water treatment applications. Countries like China, India, and Japan have a significant demand for sodium chlorite, driven by its use in diverse industries such as textiles, paper and pulp, chemicals, and water treatment. Rapid urbanization, infrastructure development, and increasing population contribute to the sustained demand for sodium chlorite-based products, making APAC a dominant player in the market.

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Global Sodium Chlorite Market

Product ID: SQMIG15A2237

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