Sodium Chlorate Market: Applications in Pulp & Paper Manufacturing Remains Traditional Growth Avenue
March 15, 2019 by Steve Blade
The sodium chlorate market is projected to witness a sluggish growth, with demand likely to reach 4,000,000 tons by the end of 2018, as per a latest report by Fact.MR. Gains will be driven by steady demand from the paper and pulp industry; however, growing regulations and easy availability of alternatives continue to stymie demand.
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.
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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.
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The sodium chlorate market has been segmented into application, form, end-use industry, and region. These key segments are further bifurcated into the sub-segments providing better insights of the sodium chlorate market.
Based on the form, the market is segmented into amorphous and crystalline. In terms of the application, the sub-segments include bleaching agent, oxidizing agent, herbicide, and other applications. By end-use industry, market is further segmented into chemical industry, paper and pulp industry, mining industry, and other end-use industries.
North America followed by Asia Pacific Excluding Japan (APEJ) are anticipated to be the most dominating region in the sodium chlorate market. In the US, the demand for cardboard packaging is growing with the rise in e-commerce activities, this is resulting in the significant growth in the paper and pulp industry in the country. Hence, the sodium chlorate market is likely to grow significantly in the region.
Meanwhile, in the APEJ, sodium chlorate is largely used in the production of crackers and fireworks, especially in China. Meanwhile, tissue paper production in China is also growing steadily, thereby, fueling the demand in the sodium chlorate market.
According to Fact.MR, metal drums with plastic liner are largely preferred packaging for sodium chlorate. The report finds that sodium chlorate is also finding large application in the production of sodium perchlorate which is used as an unreactive electrolyte in standard DNA extraction, and used in medicine to block iodine uptake..
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