Sodium Chlorate Market is Poised to Grow at a CAGR of 4.1% by 2030

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Over the previous five years, the size of the global sodium chlorate market has grown at a moderate rate, with a Compound Annual Growth Rate (CAGR) of 4.1%. However, the COVID-19 pandemic’s ongoing effects have severely impacted chemical production processes worldwide, especially in North America and South Asia & Oceania.

The sodium chlorate trade has suffered greatly; in the second quarter of fiscal year 2020, demand for the product fell by over four times when compared to the same period in fiscal year 2019. There has been a discernible drop in pricing during the same period of time, which runs from the end of the first quarter to the start of the third.

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The burgeoning pulp and paper production sector is driving a notable increase in demand for sodium chlorate products in the industry. The demand for sodium chlorate, a crucial chemical used in the bleaching process of pulp and paper manufacturing, is rising along with the world’s thirst for paper goods.

Factors Fueling the Industry’s Growth

A number of important causes have contributed to the sodium chlorate industry’s strong growth, one of which is the growing need for paper-based products. The demand for cardboard and packaging materials has increased due to the global movement towards sustainable packaging solutions and the rise in e-commerce operations. Furthermore, the global focus on environmentally friendly products has encouraged paper producers to use bleaching methods that mainly rely on sodium chlorate and chlorine dioxide.

Essential Function in Pulp and Paper Production

Sodium chlorate is an essential component of chlorine dioxide, an efficient and eco-friendly bleaching chemical, and plays a major role in the bleaching of paper. Chlorine dioxide is seen as less hazardous to the environment than typical chlorine-based bleaching techniques, which makes it a desirable option for pulp and paper producers looking to reduce their environmental impact.

Increased production of pulp and paper, along with the implementation of eco-friendly procedures, has led to a significant increase in the use of sodium chlorate. As a result, producers of this vital ingredient have seen rapid expansion in recent years.

Worldwide Consequences

The increased demand for sodium chlorate is a global occurrence, hence the influence of this development is broad reaching. Interestingly, this tendency is most noticeable in North America, Europe, and Asia-Pacific, which are home to some of the biggest paper producing plants in the world. The sodium chlorate sector has increased its production capacity to keep up with the growing demand by taking advantage of these opportunities.

Environmental Aspects to Take into Account

Most importantly, the pulp and paper industry’s growing use of sodium chlorate is consistent with its dedication to environmentally friendly methods. Paper producers are progressively choosing methods that lessen the environmental impact of their operations as they place a higher priority on environmental responsibility. The industry’s reputation is improved as a result of this move to environmentally friendly production techniques, which also helps the environment.

Possibilities and Difficulties

Notwithstanding its present momentum, the sodium chlorate business still confronts obstacles to profitability, such as high raw material costs and regulatory restrictions. But creative solutions are emerging to address these problems, like recycling initiatives and sustainable raw material procurement, suggesting a proactive strategy to overcome roadblocks and grab opportunities in the changing market environment.

Sodium Chlorate Industry: Division

Fact.MR has conducted a thorough market segmentation analysis of the sodium chlorate market based on form, application, end-use sector, and important geographic areas.

  • Form
    • Crystalline
    • Amorphous
  • Application
    • Bleaching Agents
    • Herbicide
    • Oxidizing Agents
  • End-use Industry
    • Paper & Pulp Industry
    • Chemical Industry
    • Mining Industry
    • Other End-Use Industries
  • Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific Excluding Japan
    • Japan
    • Middle East & Africa

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The growing sodium chlorate industry is a testament to the adaptability and durability of these industries, as it is intimately associated with the growing pulp and paper producing sector. Their mutually beneficial partnership promotes both economic expansion and the overarching objective of mitigating environmental effects.

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