Global Sodium Chlorate Market Report and Forecast 2024-2032

Global Sodium Chlorate Market Outlook

The global sodium chlorate market size reached around USD 2,705.0 million in 2023. The market is estimated to grow at a CAGR of 2.7% during 2024-2032 to reach a value of USD 3,289.2 million by 2032.

Key Takeaways

• Easy availability of raw materials and cost-effectiveness of sodium chlorate strongly support its production.

• The market for sodium chlorate is driven by the expanding pulp and paper sector, which is the largest consumer of sodium chlorate.

• The market also benefits from the expansion of the chemical sector.

Sodium chlorate (NaClO3) is produced in large quantities primarily for bleaching pulp to make high-brightness paper. It is a powerful oxidising agent and is produced by the electrolysis of brine. It is also used by many other industries as a speciality oxidant.

Sodium chlorate is a major bleaching agent for the chemical pulping process of basic chlorine-free (ECF) and is being widely used in emerging markets such as India and China, where paper and pulp manufacturing units are witnessing a notable expansion. Paper-based packaging products are in higher demand across the globe as they are readily biodegradable and can be easily composted or repurposed, providing environmental advantages.

The increasing demand for sodium chlorite from end-use sectors such as water treatment, food manufacturing, oil and gas is contributing to an increased requirement for sodium chlorate. It is used to manufacture sodium chlorite, the primary precursor for the on-site generation of chlorine dioxide for water treatment.

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Key Trends and Developments

Expansion of pulp and paper sector; growing chemical manufacturing sector; significant availability of inexpensive raw materials; and capacity expansion by manufacturers are the major trends in the sodium chlorate market

Global Sodium Chlorate Market Trends

The market for sodium chlorate is interlinked with the paper and pulp sector. A significant amount of all sodium chlorate produced on a global scale is used in the pulp and paper sector to generate chlorine dioxide. The growth in sales of toilet paper and rising custom impressive packaging demand is contributing to the growth of the pulp and paper market.

The key raw materials for the manufacture of sodium chlorate include sodium chloride and water. Manufacturers benefit from the abundant availability of raw materials, leading to efficient operational capacities.

Sodium chlorate is an essential component in the manufacture of chemicals such as potassium chlorate, sodium perchlorate, and sodium chlorite. The increasing demand for metal chlorates from end use sectors such as explosives, and disinfectants are supporting the market growth.

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Market Segmentation

“Global Sodium Chlorate Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Based on application, the pulp and bleaching industry accounts for the majority of the sodium chlorate market share

A majority of the sodium chlorate produced globally is consumed by the pulp and paper sector to generate chlorine dioxide. Chlorine dioxide is a crucial component in elemental chlorine-free (ECF) pulp bleaching. Bleached paper has a white or off-white appearance, with a smooth surface that provides enhanced printability. It is demanded in printing applications, high-quality food packaging to attract consumers.

On an industrial scale, metal chlorates, such as potassium and barium are manufactured by a double decomposition reaction between sodium chlorate and chloride of the metal. Metal chlorates produced from sodium chlorate include potassium chlorate, barium chlorate, and ammonium chlorate.

Sodium chlorate is deployed as an oxidiser in dye production. Around 100 billion garments are produced annually across the globe, aiding dye consumption. In digital printing of textiles, dyes find use for printing on fabrics, which further contributes to the sodium chlorate market growth.

Competitive Landscape

The growing demand for sodium chlorate from major end-use sectors is pushing market players to increase their production capacity, deploying advanced methods

Other notable players operating in the sodium chlorate market include Shree Chlorates Pvt. Ltd., Chemtrade Logistics Inc., and China Salt Inner Mongolia Chemical Co., Ltd., among others. Manufacturers are upgrading their production methods and incorporating the latest capabilities to meet the increasing demands of consumers.

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Global Sodium Chlorate Market Analysis by Region

Around 70% of North American sodium chlorate production capacity is in Canada.  ERCO Worldwide LP headquartered in Canada is one of the largest manufacturers and exporters of sodium chlorate, globally with a total production capacity of 4,87,000 MTPY. Canada’s sodium chlorate plants are majorly located in British Colombia, Manitoba, Saskatchewan, and Quebec, provinces characterised by low electricity costs.

Sodium chlorate is deployed in bleaching pulp to meet the demand for high-quality recyclable paper-based packaging solutions. Japan is a major producer of paper and paperboard which experienced a 1.1% decrease in production to 23.66 MMT in 2022. The industry's shipments, totalling about 7.1 trillion yen (USD 665 million) in 2020, contributed 2.3% to the total manufacturing industry. Employing 180 thousand workers, the Japanese pulp and paper sector achieves an impressive per-employee shipment of approximately 40 million yen (USD 0.3 million).

The European paper and pulp sector consists of 800 companies producing pulp, paper and board. Additionally, Europe has the presence of 1,100 mills engaged in pulp and paper production. This supports the sodium chlorate market expansion in the region.

Key Highlights of the Report

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Sodium Chlorate Market Report Snapshots

Sodium Chlorate Market Size

Sodium Chlorate Market Trends

Sodium Chlorate Companies

Sodium Chlorate Market Regional Analysis