Global Sodium Chlorate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sodium Chlorate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Sodium chlorate (NaClO3) is an inorganic chemical compound manufactured by the electrolysis of brine (NaCl).

Market Overview:

The latest research study on the global Sodium Chlorate market finds that the global Sodium Chlorate market reached a value of USD 2448.76 million in 2022. It’s expected that the market will achieve USD 3081.64 million by 2028, exhibiting a CAGR of 3.91% during the forecast period.

Sodium Chlorate Market Drivers

Industrially sodium chlorate can be used to produce chlorine dioxide, sodium chlorite and perchlorate, chlorate, also used in herbicide, oxidizer, printing and dyeing, metallurgy, paper making and leather industry. The major use of sodium chlorate remains in the pulp and paper industry; it is also the preferred intermediate for sodium perchlorate and sodium chlorite manufacture

Sodium chlorate market is driven by trends in underlying pulp and paper demand. Sodium chlorate is a crucial precursor for the pulp and paper industry producing Elemental Chlorine Free (ECF) bleached pulp. This is the dominant pulp bleaching technology and, without this substance, ECF pulp mills are unable to operate. The paper and pulp industry as a whole is growing globally, albeit at a slower pace than before. Packaging is growing worldwide, as well as tissue and pulp for hygiene products. Regionally, the outlook for the pulp and paper products is stable in North America and Europe and positive in Asia Pacific and South America.

On the other hand, the COVID-19 pandemic is challenging the industry. The North American paper products industry has already endured a number of negative impacts - mill closures being one of them. The Nordic paper industry followed suit, after a continued decline in demand for printing and writing paper led to a 29 percent drop in sales in the second quarter of FY20.

Sodium Chlorate Market Restraints

Currently, the main preparation method of sodium chlorate worldwide is electrolysis. The manufacture of sodium chlorate is a very energy intensive process. According to Superior, electrical energy makes up 65% to 85% of the total cost of producing sodium chlorate, followed by salt at about 15% to 30%. ERCO Worldwide closed the sodium chlorate production facility in Saskatoon, Saskatchewan before the end of 2019, due to the negative impact from rising electrical power prices in the Province of Saskatchewan and the anticipated capital investment required to continue operating the facility reliably. The power purchase price of the enterprise has been rising year by year, and any further increase in power purchase price in the future will lead to an increase in the main business cost of the enterprise, which will adversely affect the profitability of the enterprise.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Nouryon, ERCO and Kemira with the revenue market share of 22.89%, 17.02% and 15.32% in 2020.

Nouryon

Nouryon is a manufacturer and supplier of specialty chemicals for the agricultural, pulp, paper, electronics and food sectors. The Company offers cellulosics, salt, organic peroxides, chlor-alkali, bleaching chemicals, expandable microspheres, and surfactants, as well as paper, plastics, building materials, food, pharmaceuticals, and personal care products.

ERCO

ERCO Worldwide is a chemical production, supply and technology company. Nowadays, ERCO focuses on sodium chlorite, sodium chlorate, potassium hydroxide and chlorine technology. This chemical company provides production services and chemical supplies to a wide range of industries including specialty chemicals, food, paper and pulp, energy, water treatment, agriculture, fertilizers and airport de-icing.

Segmentation Overview:

By type, NaClO3 Purity Less Than 99.5% segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Pulp & Paper segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Sodium Chlorate market covered in Chapter 3:

ERCO
China First Chemical Holdings
CHG
Chemtrade
Lianyungang Xingang Chemical
Sanxiang Electrochemical
Arkema
Kemira
Hunan Hengguang Chemical
Ercros
Inner Mongolia Lantai Industrial
Nouryon

In Chapter 4 and Chapter 14.2, on the basis of types, the Sodium Chlorate market from 2018 to 2029 is primarily split into:

NaClO3 Purity More than 99.5%
NaClO3 Purity Less Than 99.5%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sodium Chlorate market from 2018 to 2029 covers:

Pulp & Paper Industry
Water Treatment
Chemical Raw Materials
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)