Sodium Chlorate Market Prospects Pinpoint Higher Traction from Developed Nations during 2018-2027

Posted on 2019-05-02 by Mark Hub in Chemicals // 0 Comments

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Sodium Chlorate is an inorganic compound. The chemical formula for sodium chlorate is NaCIO3. It is in a form of the white crystalline powder that is easily soluble in water. Increasing number of manufacturers are producing sodium chlorate due to its large application in bleaching paper in the paper and pulp industry

The report provides key insights on the sodium chlorate market. The new report by Fact.MR offers details on the current scenario of the market along with the historic view of the sodium chlorate market. The report provides information on the demand and sales of sodium chlorate across various regions. Market dynamics including growth opportunities for market participants is also provided in the report on the sodium chlorate market.

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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.

For instance, mechanical pulps used in the production of paper have a huge amount of lignin. Hence, the focus of the bleaching in mechanical pulp is to remove chromophore. Therefore, alkaline hydrogen peroxide is used as a bleaching agent in mechanical pulp.

Moreover, in the coming years, the majority of the customers are likely to prefer a low level of paper whiteness, thus reducing the amount of bleaching required. This is expected to hamper the growth in 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.

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.

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