Sodium Chlorate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Sodium Chlorate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : December, 2019 | Chemical & Materials | PPT format

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Global Sodium Chlorate Market

Sodium chlorate is utilized for the making of chlorine dioxide, which goes about as a bleaching agent in the pulp and paper sector. Sodium chlorate is an odorless, white/grayish powder. Sodium chlorate is almost completely dissolvable in water. Sodium chlorate in its unadulterated structure is inflammable. However, during its decay, it discharges oxygen that subsequently goes about as a stimulating agent in presence of combustible substances. Sodium chlorate is utilized for the extraction of vanadium and uranium and vanadium in the mining business.

Global Sodium Chlorate Market: Novel Development

  • There has been an expanding utilization of sodium chlorate for specialty applications, for example, for the making of oxidation candles for submarines and airscrafts. Sodium chlorate is additionally utilized for the metal surface treatment in the electronics and automation sector.
  • Afinitica was acquired by Arkema, former being an adhexive, especially - Spain. Arkema, through the procurement, plans to fortification its situation in the glues market.
  • AkzoNobel has acquired Colourland Paints Sdn Bhd. The organization intends to quicken its advancement and create a solid position in Malaysia.
  • Kemira has expanded the cost of all coagulant items over every one of the fragments in the Middle East and Africa. High cargo rate and lack of crude materials because of tight supply circumstance are among the explanations behind cost increment in the mentioned region.

Some of the most prominent competitors operating in the competitive landscape of global sodium chlorate market include –

  • Akzo Nobel N.V. (Eka Chemicals)
  • Kemira
  • ERCO Worldwide
  • Chemtrade (Canexus)
  • Arkema
  • Tronox Limited
  • Ercros S.A
  • Inner Mongolia Lantai Industrial

Global Sodium Chlorate Market Dynamics

Rising Demand in Pulp and Paper Industry to Support Market Growth

The global sodium chlorate market is significantly determined by the development in the paper and mash industry. As around 80-90% of the general sodium chlorate utilization is for the assembling of chlorine dioxide, which is utilized in the paper and mash industry, the interest for sodium chlorate depends essentially on the development of paper and mash industry.

Availability of Other Options to Hinder Growth

One of the main considerations limiting the development of the global sodium chlorate market is the accessibility of various options, for example, hydrogen peroxide and ozone, which can be utilized for dyeing of pulp.

In addition, with the expanding prevalence of e-media, there has been a lull in the utilization of papers for the paper distributing and comparable parts. Move in purchaser inclinations is seen to affect the accessibility and cost of items. The previously mentioned factors are foreseen to block the market development. 

Asia Pacific to Lead Global Sodium Chlorate Market

The global sodium chlorate market is estimated to be forecast positively in the forthcoming years displaying moderate development. Asia pacific holds maximum share of the global sodium chlorate market and is anticipated to stay prevailing globally all through the upcoming years because of the extensive base of pulp and paper sector in the mentioned region. Additionally, China is a main buyer of sodium chlorate. Alongside pulp and paper, China has a huge base for the utilization of sodium chlorate in specialty applications, for example, firecrackers.

Regions, for example, Latin America has likewise shown noteworthy development in the pulp and paper industry, henceforth, there is a generous demand for sodium chlorate in the mentioned region. The middle East and Africa and Japan are anticipated to hold comparatively less share of the global sodium chlorate market.

The areas, for example, Europe and North America are relied upon to observe slow development of global sodium chlorate market in coming years.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

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

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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