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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Sodium Chlorate Market Size
The global sodium chlorate market 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.
Sodium Chlorate Market Report Snapshots
Sodium Chlorate Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of USD 2,705.0 million in 2023.
The market is estimated to grow at a CAGR of 2.7% during 2024-2032
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 3,289.2 million by 2032.
The key drivers of the market are expanding pulp and paper sector and the availability of inexpensive raw materials.
The key trends guiding the market growth are the rising use of the product as the main bleaching agent for the chemical pulping process of basic chlorine-free (ECF), especially in emerging economies, and the rising use in dye sector.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various application segments include pulp and bleaching industry, chlorates of other metals, leather tanning, and dyes, among others.
The key players in the market include Kemira Oyj, Shree Chlorates Pvt. Ltd., Nouryon Chemicals Holding B.V., ERCO Worldwide LP, Arkema Group, Chemtrade Logistics Inc., and China Salt Inner Mongolia Chemical Co., Ltd., among others.
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