According to new Global Market Insights, Inc, chemical research report Sodium Chlorate Market size is predicted to witness steady growth during the forecast period on account of easy availability of raw materials. Its key growth drivers includes growing demand from paper & other end use industries for the manufacture of chemicals, agricultural & mining products. It is used for making chlorine dioxide, which is used as bleaching agent in the production of bleached pulp. The demand of sodium chlorate is steady regardless of the government regulations on its use in manufacturing industries as manufacturers are focusing on efficient, cost-effective, and eco-friendly processes of generating chlorine dioxide from NaClO3.
Sodium chlorate, an inorganic composite, is manufactured by electrolysis of NaCl (brine) and has the ability to hold water molecules at room temperature. It is an odorless, crystalline powder, white to yellow in color, soluble in water and decomposes at temperature more than 300 °C to discharge oxygen and produces salt (sodium chloride). It is produced in bulk and holds major application in bleaching. It is also used in agricultural industry as soil-sterilant which prevents the growth of plants and animals. It is widely used as herbicide in Australia and the U.S. as it prevents post and pre emergence broadleaf weed in corn, sugarcane and turf such as residential lawns & golf courses, which should augment sodium chlorate market demand.
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Sodium chlorate is widely used as defoliant which causes leaves of plants to fall for plants like cotton, sunflower, corn, rice, and dry beans. It is used in electronic industry for the manufacture of oxidizing candles in submarines and aircrafts. Chlorate candles are used to provide oxygen during scarcity, which makes it an essential component in all aircrafts and submarines, further augmenting sodium chlorate market size.
Global bleached pulp market size should exceed USD 60 billion by the forecasted period, as a result augmenting sodium chloride demand, as it is widely used in pulp & paper industry for production of chlorine oxide. Moreover, the shift towards electronic media is framing a huge demand for bleached cartons & packaging paper, as well as tissue pulp for hygiene products, which is likely to stimulate sodium chlorate market share in the forecasted period. Sodium chlorate has several uses in many end industries such as in chemicals, water treatment, frameworks, mining, and pharmaceutical. It is used widely utilized in fireworks as an oxidizing agent and vanadium extracts for treating ores in mining industry.
The European Commission has banned sodium chlorate usage as an herbicide throughout Europe in 2009 owing to its adverse health and environmental risks. This ban prohibits the sale and use of the product in the region but allows its production for sale outside Europe.
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North America, led by Mexico, Canada, and U.S. sodium chlorate market size is increasing owing to rising demand from paper & paper products. Paper & pulp companies consume sodium chlorate for the production of chlorine oxide. It is also used by mining industry as an oxidizing agent for the treatment of ore to extract vanadium. Therefore, growing demand for treatment of vanadium ore will expand usage of sodium chlorate during the forecasted period. Regional mining output surpassed USD 155 billion in 2018 which indicates ample growth opportunities.
Asia Pacific sodium chlorate market size, led by India, China, and Japan is likely to witness steady growth owing to rising demand for automatic machines to handle solutions from warehouses and engineering industries, to provide better customer service efficiency. Global electronic & automation software market size is expected to surpass USD 14.5 billion by the forecasted period owing to increasing demand for automation, which should further boost sodium chlorate market demand by 2025.
Global sodium chlorate market size is fragmented with presence of various market players such as Shree Chlorates, ALDON Corporation, A. B. Enterprises, and Mil-Spec Industries. Companies are involved in mergers and are increasing their regional presence by forming alliances with other small players.
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