H1 2023: In H1 2023, North America witnessed mixed sodium chlorate market scenario. During the first four months of 2023, the market for sodium chlorate in North America demonstrated positive market momentum. There was a surge in demand of sodium chlorate by downstream paper and detergent industries with high industrial production and sales. Increased consumer demand for sodium chlorate caused a sharp increase in price. Additionally, the level of stockpiles was low to meet the demand, and the supply rate lagged, which led to an unstable demand-supply ratio and an increase in the price of sodium chlorate in the US. However, prices dropped in May 2023 due to reduced demand in the paper and detergent industries over the entire month, which was then followed by lower freight costs. Additionally, prices resumed their upward trend in June, and demand by the end-use industries rose in the US. On the other hand, the price of sodium chlorate in the Asia Pacific region fluctuated in H1 2023. Initially, prices for sodium chlorate steadily increased till February 2023, after which it sharply decreased. The consumption of sodium chlorate increased as the paper and downstream detergent sectors thrived. The demand for sodium chlorate declined in March 2023 due to the high supply rate and overflowing inventories, which led to a significant price decline. Sodium Chlorate prices jumped on the Chinese market during April 2023 due to strong demand from the detergent and paper end-user industries. However, due to moderate to poor procurement activity and weak cost of production, sodium chlorate prices fell in May 2023 in China.
The global Sodium Chlorate market has expanded remarkably to reach approximately 3700 thousand tonnes in 2022 and is expected to grow at a CAGR of 3.33% during the forecast period until 2035.
Sodium Chlorate is a salt of sodium with the formula NaClO3. It is an inorganic salt that is hygroscopic in nature. It is an odorless powder and appears to be yellow in color. It is synthesized by electrolysis of concentrated brine, followed by low-temperature continuous evaporative crystallization in vacuum. This salt is a powerful oxidizing agent and commonly used for bleaching paper to make it appear whiter. It is also commonly used as an herbicide and kill a wide array of plants including morning glory and bamboo. At high temperatures such as 300 degrees Celsius to release oxygen. This salt is used in various industries such as production of dyes, herbicides, defoliants, inks, leather, paper, and explosives.
The primary driver of Sodium Chlorate global market is the Pulp & Paper Industries. In 2022, approximately 85% of global Sodium Chlorate was utilized by Pulp & Paper Industries. It is utilized to produce tissue paper, toilet paper, and high-quality paper. Furthermore, Sodium Chlorate’s demand to produce herbicides and defoliants for crops like rice and beans, is also expected to contribute to its growing demand in the forecast period. The global market of Sodium Chlorate is likely to expand to reach demand approximately 5700 tonnes by 2035.
Based on demand across the globe, the North America reports as the biggest consumer of Sodium Chlorate market. In 2022, North America accounted for a consumption of more than 35% of the total Sodium Chlorate. As a result of increase in the e-commerce activities, the pulp and bleach industry are expanding in North America, propelling the growth of the Sodium Chlorate market. Furthermore, Asia Pacific is also a prominent consumer of Sodium Chlorate. Due to rapid urbanization in developing countries situated in Asia, there is a strong need of water treatment that calls for acceleration of demand of Sodium Chlorate. Furthermore, Canada is dominating the Sodium Chlorate market as a producer. It is anticipated that Canada will be leading as a world producer in the forecast period as well.
Based on the end-user industry, the global Sodium Chlorate market is segmented into various industrial sectors including Pulp & Paper Industries, Chemical Intermediates, Water Treatment, Metal & Mining (Surface Treatment), and Others. The Pulp & Paper Industries is the primary consumer of Sodium Chlorate. Sodium Chlorate is employed for the production of chlorine dioxide, which works a powerful bleaching agent. The paper manufactured with chlorine dioxide is whiter and opaque in quality. The pulp and paper industry are anticipated to maintain its grip on the Sodium Chlorate market in the forecast period as well. Chemical Intermediates and Water Treatment industries are also major consumers of the global Sodium Chlorate market.
Major players in the production of Global Sodium Chlorate are Nouryon, Chemtrade, Erco Worldwide, Inc., Kemira, China First Chemical Holding Limited, Arkema S.A, and Kerr McGee Chemicals Corp.
Years for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2035
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Objective of the Study:
• To assess the demand-supply scenario of Sodium Chlorate which covers production, demand and supply of Sodium Chlorate market in the globe.
• To analyse and forecast the market size of Sodium Chlorate
• To classify and forecast Global Sodium Chlorate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Sodium Chlorate market in the globe.
To extract data for Global Sodium Chlorate market, primary research surveys were conducted with Sodium Chlorate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Sodium Chlorate market over the coming years.
ChemAnalyst calculated Sodium Chlorate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw materials to produce Sodium Chlorate. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Sodium Chlorate manufacturers and other stakeholders
• Organizations, forums and alliances related to Sodium Chlorate s distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sodium Chlorate s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Sodium Chlorate s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
3700 thousand tonnes
Market size Volume by 2035
5700 thousand tonnes
Growth Rate
CAGR of 3.33% from 2023 to 2035
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2035
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2035
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process, Policy and Regulatory Landscape.
Segments covered
By End-Use: [Pulp & Paper Industries, Chemical Intermediates, Water Treatment, Metal & Mining (Surface Treatment), and Others] By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Sodium Chlorate market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Sodium Chlorate.
3. Capacity By Location
To better understand the regional supply of Sodium Chlorate by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Sodium Chlorate by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry [Pulp & Paper Industries, Chemical Intermediates, Water Treatment, Metal & Mining (Surface Treatment), and Others] are creating a market and the forecast for the growth of the Sodium Chlorate market.
7. Demand by Region
Analyzing the change in demand of Sodium Chlorate in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Sodium Chlorate. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Sodium Chlorate.
10. Company Share
Figure out what proportion of the market share of Sodium Chlorate is currently held by leading players across the globe.
11. Country-wise Export
Get details about quantity of Sodium Chlorate exported by major countries.
12. Country-wise Import
Get details about quantity of Sodium Chlorate imported by major countries.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of Sodium Chlorate.
14. Policy and Regulatory Landscape
Gain a comprehensive understanding of the policy and regulatory landscape within the Sodium Chlorate market.
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Which region is leading as a consumer of the global Sodium Chlorate market?
Ans:
North America is the leading consumer of the global Sodium Chlorate market.
Q2.
What are the major end-use industries of Sodium Chlorate?
Ans:
Sodium Chlorate is used in a wide range of end use industries including Pulp & Paper Industries, Chemical Intermediates, Water Treatment, Metal & Mining (Surface Treatment), and Others.
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