Sodium Chlorate Market: Applications in Bleaching Agent Manufacturing Remains a Key Driver

Rockville, USA, 2019-Mar-18 — /EPR Network/ —  Fact.MR has actively published a new research study titled Sodium Chlorate Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2027 to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the Sodium Chlorate Market during the period between 2018-2027. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.

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The sodium chlorate market is projected to witness a sluggish growth, with demand likely to reach 4,000,000 tons by the end of 2018, as per a latest report by Fact.MR. Gains will be driven by steady demand from the paper and pulp industry; however, growing regulations and easy availability of alternatives continue to stymie demand.

Majority of the industries are using sodium chlorate in its crystal form due to the fact that it is not flammable. Manufacturers in the sodium chlorate market also supply sodium chlorate mostly in the crystalline form with proper packaging in order to avoid excessive heat that may release oxygen gas, resulting in fire and explosions. Packaging materials such as special sacks, drum, and hopper truck are used to pack and deliver sodium chlorate crystals.

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Paper and Pulp Industry to Account for Largest Share in the Sodium Chlorate Market

In spite of the mounting environmental concerns, paper and pulp industry continues to generate substantial demand for sodium chlorate owing to its easy availability and low-cost. .

Demand for sodium chlorate is especially pronounced in the US, Japan, and China as these have remained traditional hubs for paper and pulp manufacturing.

According to the Fact.MR report, demand for sodium chlorate from the paper and pulp industry is expected to surpass 3,400,000 tons by 2018 end.

Market Structure

The sodium chlorate market has been segmented into application, form, end-use industry, and region. These key segments are further bifurcated into the sub-segments providing better insights of the sodium chlorate market.

Based on the form, the market is segmented into amorphous and crystalline. In terms of the application, the sub-segments include bleaching agent, oxidizing agent, herbicide, and other applications. By end-use industry, market is further segmented into chemical industry, paper and pulp industry, mining industry, and other end-use industries.

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According to Fact.MR, metal drums with plastic liner are largely preferred packaging for sodium chlorate. The report finds that sodium chlorate is also finding large application in the production of sodium perchlorate which is used as an unreactive electrolyte in standard DNA extraction, and used in medicine to block iodine uptake..

The growth in the overall sodium chlorate market is likely to remain steady. The sodium chlorate market is expected to expand at 3.5% CAGR in value terms during 2018-2027.

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