Sodium Chlorate: Global Market Insights (2019-2024) with Eka Chemicals, Erco Worldwide, Canexus, Kemira, and China First Chemical Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Apr 15, 2019--The “Sodium Chlorate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.
The global sodium chlorate market reached a volume of 4.12 Million Tons in 2018, registering a CAGR of 4.3% during 2011-2018. The market is further projected to reach a volume of around 5 Million Tons by 2024, exhibiting a CAGR of 3% during 2019-2024.
The report provides a comprehensive insight into the global sodium chlorate market including its market breakup by region, market breakup by end-use, SWOT analysis, Porter’s five forces analysis, value chain analysis, import and export trends, key players and market outlook.
The report also gives an in-sight into the manufacturing process of sodium chlorate covering key success and risk factors for manufacturers, detailed process flow, the chemical reactions involved, raw materials requirements, etc.
The paper and pulp industry is one of the largest markets for sodium chlorate where it is used for on-site generation of chlorine dioxide. It is the key bleaching agent for elemental chlorine free (ECF) chemical pulping process and is extensively used in emerging markets like India and China.
On account of its oxidizing properties, sodium chlorate is increasingly being used for several applications such as tanning and finishing leather, and manufacturing of dyes. The mounting demand for sodium chlorate in these industries is expected to bolster the growth of the market in the upcoming years.
As sodium chlorate is phytotoxic to all green plants, it is now being utilized as a non-selective herbicide to control the growth of a variety of plants including morning glory, creeping thistle, johnsongrass, bamboo, Ragwort, and St John’s wort. It is mainly used for vegetation control on roadsides, fenceways, etc. and on non-crop land for spot treatment.
Sodium chloride and water are the two major feedstocks required for the manufacturing of sodium chlorate. These raw materials are low in cost and abundant in nature, due to which sodium chlorate is affordable. This, coupled with ease of storage, makes it ideal for a variety of applications.
Breakup by Form
On the basis of type, the sodium chlorate market is bifurcated as crystalline and solution. Amongst these, crystalline sodium chlorate accounts for the majority of the market share as it is employed in a range of industries like bleach and explosives.
Breakup by Application
Based on application, the pulp and bleaching industry represents the largest segment of the sodium chlorate market, owing to its growing demand in the textile industry. Other application segments include chlorates of other metals, leather tanning, dyes and others.
On a geographical front, Canada enjoys the leading position in the global sodium chlorate market as the country has the largest pulp and paper industry which is a mainstay of the country’s economy. Some of the other major regions include the United States, China, Finland and Brazil.
The market is fragmented in nature with the presence of a large number of international and regional manufacturers who compete in terms of prices and quality. The major players are trying to increase their presence in new markets by creating alliances or acquiring regional or other small players.
Some of the leading players operating in the market are:
- Eka Chemicals
- Erco Worldwide
- Kemira Oyj
- China First Chemical Holdings Limited
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Physical and Chemical Properties
4.3 Key industry Trends
5 Global Sodium Chlorate Industry
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Form
5.4 Market Breakup by Application
5.5 Market Breakup by Region
5.6 Price Analysis
5.7 Market Forecast
5.8 SWOT Analysis
5.9 Value Chain Analysis
5.10 Porter’s Five Forces Analysis
5.11 Trade Data
5.12 Key Market Drivers and Success Factors
6 Market Breakup by Form
7 Market Breakup by Application
7.1 Pulp and Bleaching Industry
7.2 Chlorates of Other Metals
7.3 Leather Tanning
8 Market Breakup by Region
8.2 United States
9 Competitive Landscape
9.1 Market Structure
9.2 Capacities of Key Players
9.3 Key Player Profiles
10 Sodium Chlorate Manufacturing Process
10.1 Product Overview
10.2 Chemical Reactions Involved
10.3 Detailed Process Flow
10.4 Raw Material Requirements
10.5 Mass Balance and Feedstock Conversion Rates
11 Sodium Chlorate: Feedstock Analysis
11.1 Sodium Chloride
For more information about this report visit https://www.researchandmarkets.com/r/qlnyaq
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Related Topics:Agrochemicals and Fertilizers
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 04/15/2019 07:50 AM/DISC: 04/15/2019 07:50 AM