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Report Overview
The global sodium chlorate market size reached around USD 2705.00 Million in 2023. The market is estimated to grow at a CAGR of 2.70% during 2024-2032 to reach a value of USD 3437.96 Million by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- 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.
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.
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 2705.00 Million in 2023.
The market is estimated to grow at a CAGR of 2.70% 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 3437.96 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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124