Sodium Chlorate is an important oxidizing agent that finds a variety of application possibilities. In the industrial plant, concentrated sodium chloride solutions are electrolyzed to create Sodium Chlorate which can then be used in the production of explosives, matches, and other products. Additionally, it is widely utilized as a bleaching agent in the paper and pulp industries to produce chlorine dioxide which is known for its green properties.

The global market is experiencing growth due to increasing demand for leather tanning and dyes applications, in addition to the growing adoption of Sodium Chlorate in the agriculture sector and rising production.

The market is dominated by several major players such as Arkema, Nouryon, ERCO Worldwide, Kemira, Shree Chlorates, Tronox Holdings plc, ChemTrade, American Elements, Mil-Spec Industries Corporation and GFS Chemicals Inc.

The recent Covid-19 pandemic has brought about a wave of disruption to the entire world, sending shockwaves through the global economy. Manufacturing industries have been severely impacted due to supply chain disruptions, regulatory and policy changes, labor reliance, working capital management, and liquidity & solvency management. The Sodium Chlorate market has been hit hard with an imbalance between demand and supply.

An in-depth examination of the global Sodium Chlorate market is conducted, focusing on a variety of factors which could aid stakeholders in making more informed decisions.

The Sodium Chlorate market is projected to experience considerable growth in the coming years due to its versatile applications as an oxidizing agent, particularly for producing chlorine dioxide – a common bleaching agent utilized in the pulp and paper industry. Additionally, it is relatively stable and has a low risk of explosion compared to other chlorates, such as potassium and perchlorates, making it an ideal option for many industries.

The chemical industry has seen the highest growth rate in the forecast period due to the use of Sodium Chlorate as an oxidizing agent. Sodium Chlorate is used not only as a raw material for manufacturing other chemicals such as Perchlorates, Chlorates, and Potassium Chlorate, but also as an intermediate for manufacturing Chlorine Dioxide. These agents find application in various sectors like pulp and paper due to their bleaching properties and water treatment centres due to their sanitizing capabilities, resulting in an increasing demand for Sodium Chlorate in the chemical industry.

The demand for Sodium Chlorate is skyrocketing as more premium leather products manufacturers are turning to this substance for their production needs. The United States currently holds the lead in terms of Sodium Chlorate production and is expected to remain top producer on a global level in the years ahead. Jackets, upholstery, shoes and other related items are part of the driving force behind this market growth.

The Sodium Chlorate market is becoming increasingly competitive, with several prominent global companies vying for dominance. Research analysts have studied the market and identified several traits determining competition in this sector, including global market share, innovative product launches, partnerships, mergers and acquisitions by leading players. These insights provide a valuable understanding of the current competitive landscape of the Sodium Chlorate market.