Global Sodium Chlorate Market Projected to Experience Major Revenue Boost during the Period between 2018-2027

Posted on 2018-12-10 by Mark Hub in Chemicals // 0 Comments

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An effective research methodology has been used to offer key insights into the sodium chlorate market. Both primary and secondary research was done by analysts to produce important data and statistics on the sodium chlorate market. Valid data sources are used to provide unbiased information and minute details on the Sodium Chlorate Market. Conclusions about the future growth of the sodium chlorate market are drawn from primary and secondary research, hence, are reliable and unique.

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Applications in Pulp & Paper Manufacturing Remains Traditional Growth Avenue

Despite the rise in digitalization that has reduced the use of paper, the paper and pulp industry is still witnessing steady growth due to increasing use of packaging paper and tissue paper. Tissue papers including facial wipes, baby wipes, and toilet papers are used on a large scale in restaurants, offices, and households. This is driving the demand for pulp, which is further driving demand for sodium chlorate used in producing chlorine dioxide.

Although chlorine dioxide’s use as a bleaching agent in the pulp industry has come under the scanner of growing regulations, demand has remained steady. However, to ensure compliance, end-users have started using substitutes such as hydrogen peroxide and ozone in pulp bleaching. These factors are likely to stymie demand for sodium chlorate in the future.

Sensing the evolutions in end-user demand and broader focus on environmental conservation, sodium chlorate manufacturers are focusing on introducing simple, efficient, and cost-effective process for generating chlorine dioxide using sodium chlorate.

Applications in Surface Treatment of Metals Continue to Create Opportunities

Surface treatment remains a common procedure across a range of industries including construction, automotive, industrial equipment, medical, aerospace, and chemical laboratories.

The global construction industry is likely to witness steady growth in next five years, with growth averaging nearly 3%. Meanwhile, the demand in automotive sector is expected to grow significantly in developed countries due to advanced technologies and improved engine designs. Also, evolution of smart and cost-effective medical devices have led to the growth in the medical industry. Growth in these industries is driving the need for surface treatment materials including sodium chlorate.

Although the aforementioned industries are growing, the surface treatment of metals is also being done using sodium chlorate alternatives such as hydrofluoric acid, sodium dichromate, nitric acid, and phosphoric acid, regarded as similar strong oxidants.

Sodium chlorate has also emerged as effective defoliant in agriculture industry. According to the Food and Agriculture Organization, around 90% of growth in global crop production is likely to come from higher yields and increased cropping intensity.

Easy Availability of Alternatives Remains Creating Sluggishness

Sodium chlorate is one of the most widely used chemicals worldwide, especially, in the paper and pulp industry. However, different types of pulps are being used in the paper and pulp industry that require different chemicals and processes of bleaching.

Sodium chlorate is highly reactive with combustible chemicals and can result in an explosion when contaminated with dry organic materials. Hence, manufacturers are introducing more safe alternatives to sodium chlorate, thus challenging the growth of the sodium chlorate market.

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Health Risk Hampering Widespread Adoption

Sodium chlorate is the strong oxidizer and used in water solution, dyes, explosives, pharmaceuticals, bleaching agents, paper, and cosmetics. High exposure to sodium chlorate occurs mainly during its production and use. Moreover, exposure to sodium chlorate can result in adverse health effects.

Ingestion of sodium chlorate can cause dizziness, stomach upset, heart problems, and blue discoloration of skin. While breathing in sodium chlorate can cause irritation to throat, nose, and lungs. Hence, some domestic and foreign regulatory bodies are introducing rules to address the health effects of sodium chlorate.

The Center for Disease Control and Prevention (CDC) also offers the list on sodium chlorate including types of hazard, acute symptoms, prevention, and first aid. Regulatory bodies across countries in the US and Europe have offered information on the health effects of sodium chlorate and safety measures.

Sodium chlorate is a key bleaching agent in Elemental Chlorine Free (ECF) process. It minimizes the impact of effluents, while ensuring high degree of brightness. The pulp and paper industry in Europe is using ECF technique on large scale for bleaching of paper pulp. Meanwhile, paper and pulp producers in Canada, Thailand, Japan, and Latin America have also started using ECF process.

Competitive Landscape

The report on the sodium chlorate market offers detailed profiles of the leading companies in the market. The report also provides a dashboard view of major players along with the SWOT analysis. Market share, key developments, business strategies, and product portfolio of the key players are also offered in the report on sodium chlorate market.

Companies operating in the sodium chlorate market are focusing on new product launches, and mergers and acquisitions in order to expand globally. For instance, Arkema has acquired Afinitica, adhesives manufacturer in Spain. Arkema, through the acquisition, plans to stronghold its position in the adhesives market.

AkzoNobel has completed the acquisition of Colourland Paints Sdn Bhd. The company plans to accelerate its development and build a strong position in Malaysia.

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