Global Sodium Chlorate Market Report and Forecast 2023-2028

Global Sodium Chlorate Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global sodium chlorate market reached a volume of 4.74 million tons in 2022. Aided by the growing use in the pulp industry and its diverse applications in several sectors, the market is projected to further grow at a CAGR of 4.9% between 2023 and 2028 to reach 6.31 million tons by 2028.

Sodium chlorate is an inorganic compound, often utilised as a non-selective herbicide. It is most famously known for its pivotal role in the pulp and paper industry, where it is used for bleaching pulp. The compound effectively breaks down lignin, a component that gives paper its yellowish-brown colour, thus enhancing the brightness of paper. Beyond its prevalent use in the pulp sector, sodium chlorate also finds applications in the production of dyes, explosives, and even as an intermediate in certain chemical processes.

One of the key global sodium chlorate market trends fuelling the market is the persistent growth of the paper and packaging industry. With the rising e-commerce trends and the continual need for paper products across educational and professional sectors, the demand for high-quality, bleached paper is mounting. As sodium chlorate offers an efficient and cost-effective solution to bleach paper, its consumption in the pulp industry has observed a noticeable uptick.

Furthermore, the compound's role in the agricultural industry as a herbicide cannot be overlooked. In agricultural sectors, particularly in regions where unwanted vegetation affects the quality of primary crops, sodium chlorate is applied as a defoliant or desiccant. As global agricultural production aims to meet the increasing food demands of the growing population, the usage of effective herbicides like sodium chlorate is anticipated to swell, thereby, adding to the sodium chlorate market growth.

In the realm of chemical manufacturing, sodium chlorate is prized as a crucial intermediate. Its reactivity and oxidising properties make it a preferred choice for synthesising various chemical compounds, dyes, and even certain types of explosives. These expansive applications underline the compound's significance in multiple industrial sectors, thus, propelling the sodium chlorate market demand.

Additionally, the exploration of sodium chlorate in newer sectors also paves the way for its market expansion. Innovations in wastewater treatment have hinted at the potential usage of sodium chlorate as an effective means to treat certain contaminants. While this application is in nascent stages, the possibility further accentuates the compound's versatile nature.

Market Segmentation

The market can be divided based on form, application, and region.

Market Breakup by Form

• Crystalline
• Solution

Market Breakup by Application

• Pulp and Bleaching Industry
• Chlorates of Other Metals
• Leather Tanning
• Dyes
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sodium chlorate market. Some of the major players explored in the report by Expert Market Research are as follows:

• Kemira
• Nouryon
• ERCO Worldwide
• Arkema Group
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.