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 : May, 2020 | 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 a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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