Sodium Chlorate Is Set To Witness Exponential Growth In Demand Over The Coming Years

he global sodium chlorate market size has witnessed a moderate growth rate at a CAGR of 4.1% over the past half-decade. However, the ongoing COVID-19 outbreak, especially in South Asia & Oceania and North America has effected chemical manufacturing across regions.

Trade of sodium chlorate has taken a major hit, and demand declined by near fourfold in the 2nd quarter of FY2020 as compared to the same period in FY2019. Decline in prices have also been observed over the period by the end of Q1 and till the beginning of Q3.

Majority of the market is concentrated in the paper and pulp industry where sodium chlorate is utilized for bleaching purposes. Shutdown of the paper & pulp industry for more than a quarter has cascaded the effect to the sodium chlorate market.

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To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions. The key regions comprise the following geographical segments:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas. Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets. Shares of major regional markets are also presented in the analysis.

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The study provides detailed profile of key players and their offering in the polymerase chain reaction market. Which include

The global sodium chlorate market is fairly consolidated in nature. Nouryon, Kemira, and Arkema are amongst the tier-1 players. According to Fact.MR estimates, together, these companies are projected to account for more than 40% of the global sodium chlorate market share in 2020. Key manufacturers are observed to be involved in organic approach for expanding their business, collaborating with key paper & pulp manufacturers to enhance their market share.

On the basis of end use industry, the global Sodium Chlorate Market report offers insights into the opportunities and new avenues of following key segments:

• Bleaching Agents
• Herbicide
• Oxidizing Agents

In order to analyze growth prospects in aforementioned segments in the global Sodium Chlorate Market, the study assesses demand and consumption patterns of following product segments

• Paper & Pulp Industry
• Chemical Industry
• Mining Industry
• Other End-Use Industries

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The global Sodium Chlorate Market report answers numerous pertinent questions, some of which are:

• What are some of the latent areas of investments in the Sodium Chlorate Market?
• Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
• What trends are likely to change the status quo of the positions held by leading players of the Sodium Chlorate Market ing the not-so-distant future?
• Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the Sodium Chlorate Market?
• What are the strategies adopted by top players to retain their stronghold in the Sodium Chlorate Market?
• Which strategic moves will new entrants adopt to gain a strong foothold in Sodium Chlorate Market?

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