Global Sodium Chlorate Market is expected to grow at a significant rate of around 5% during the forecast period. In the industrial plant, concentrated sodium chloride solutions are electrolyzed to create sodium chlorate. Sodium chlorate is utilized as an oxidizing agent in the dyes industry as well as in the production of explosives, matches, and other products. Chlorine dioxide, a green bleaching agent used in the paper and pulp industries, is mostly made from sodium chlorate. Factors such as increasing demand for leather tanning and dyes applications coupled with the growing adoption of sodium chlorate in the agriculture sector. Major companies in the market are increasing their production capacity of sodium chlorate. For instance, Kemira signed an agreement with UPM-Kymmene Corp. to expand the capacity for sodium chlorate and hydrogen peroxide production in Uruguay.
Arkema; Nouryon; ERCO Worldwide; Kemira; Shree Chlorates; Tronox Holdings plc; ChemTrade; American Elements; Mil-Spec Industries Corporation; GFS Chemicals, Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with more production.
Insights Presented in the Report
“Amongst form, crystalline sodium chlorate category to witness higher CAGR during the forecast period”
Based on form, the market is bifurcated into crystalline and amorphous. The crystalline sodium chlorate category witnessed a higher CAGR during the forecast period. As crystalline sodium chlorate is used in the production of weed control, sodium perchlorate, potassium chlorate, and sodium chlorite. Sodium Chlorate is being used in multiple industries such as bleaches, paper & pulp, dyes, explosives, and others. Also, the crystalline form is found to be quite expensive in comparison to amorphous, given its higher cost of production.
“Amongst end-user, the chemical industry witnessed the highest CAGR during the forecast period.”
Based on end-user, the market is categorized into paper & pulp, chemical, mining, and others. Among these, the chemical industry witnessed the highest CAGR during the forecast period because sodium chlorate is used primarily as an oxidizing agent in the chemical industry. Where sodium chlorate is used as a raw material in the production of other chemicals, such as perchlorates, chlorates, and potassium chlorate. Additionally, it is also used as an intermediate in the manufacture of chlorine dioxide, which is used as a bleaching agent in the pulp and paper industry, as well as a sanitizer in water treatment applications. Thus, such factors are escalating the growth of sodium chlorate in the chemical industry.
Sodium Chlorate Market Report Coverage
“North America is anticipated to grow at a substantial CAGR during the forecast period.”
North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the growing end-user industries such as e-commerce, paper & pulp, bleaches, dyes, etc. In addition, the growing demand for leather tanning is in turn increasing the demand for sodium chlorate in the region. Furthermore, sodium chlorate is highly preferred in premium leather products applications such as jackets, upholstery, and shoes which is further escalating the growth of the market. In North America, U.S. leads as a major producer of sodium chlorate which is expected to become the top producer across the globe in the coming years.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Sodium Chlorate Market
6. Sodium Chlorate Market Revenue, 2020-2028f
7. Market Insights By Form
8. Market Insights By End-user
9. Market Insights By Region
10. Sodium Chlorate Market Dynamics
11. Sodium Chlorate Market Opportunities
12. Sodium Chlorate Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Pricing Analysis
16. Strategic Insights
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Research Methodology for the Sodium Chlorate Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global sodium chlorate market were the three major steps undertaken to create and analyze the adoption of sodium chlorate in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global sodium chlorate market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the sodium chlorate market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the sodium chlorate market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as form and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the sodium chlorate market. Further, we conducted factor analysis using dependent and independent variables such as various form and end-user of sodium chlorate. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the sodium chlorate market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global sodium chlorate market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global sodium chlorate market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of form and end-user in the global sodium chlorate market.
The main objective of the Global Sodium Chlorate Market Study
The current & future market trends of the global sodium chlorate market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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