Sodium Chlorate Market

Sodium Chlorate Market By Form (Crystalline, Amorphous), By Application (Bleaching Agents, Herbicide, Oxidizing Agents), By End-use Industry (Paper & Pulp Industry, Chemical Industry, Mining Industry), By Region - Global Mraket Forecast 2020-2030

Analysis of Sodium Chlorate market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Global Sodium Chlorate Market Report Insights

The global sodium chlorate market size has witnessed a moderate growth rate at a CAGR of 4.1% over the past half-decade. However, the ongoing COVID-19 outbreak, especially in South Asia & Oceania and North America has effected chemical manufacturing across regions.

Trade of sodium chlorate has taken a major hit, and demand declined by near fourfold in the 2nd quarter of FY2020 as compared to the same period in FY2019. Decline in prices have also been observed over the period by the end of Q1 and till the beginning of Q3.

Majority of the market is concentrated in the paper and pulp industry where sodium chlorate is utilized for bleaching purposes. Shutdown of the paper & pulp industry for more than a quarter has cascaded the effect to the sodium chlorate market.

Slow recovery of the paper & pulp industry is set to resurrect the sodium chlorate market by the end of the 2nd quarter of FY2022. Analyzing recent price trends, prices are set to gain their original form by the beginning of H2 of FY2021. Furthermore, trends of balancing supply in accordance with the shrink in demand can be observed across regions.

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Sodium Chlorate Market Insights by Form

Of the two major forms of sodium chlorate that get traded in the market, crystalline and amorphous, crystalline captures a majority of the market share, owing to its properties of providing well-defined surface area, which helps in providing better bleaching as compared to amorphous.

Crystalline is quite expensive as compared to amorphous, owing to its cost of production. Prices of crystalline have fluctuated over the past half-decade, creating three major market bubbles. Market bubbles have stayed for nearly a quarter, negatively affecting suppliers and distributors across the globe. Price elasticity of demand remains low despite its major concentration in the paper & pulp industry, owing to the supply shift in leverage.

Amorphous has limited applications, and demand rise is especially observed from various chemical industries utilizing it as oxidizing agent.

Sodium chlorate market analysis and forecast form

Sodium Chlorate Market Application Insights

Sodium chlorate demand has remained in stable over the historical period, and is assessed to remain the same over the forecast period too. Sodium chlorate is used as a key bleaching agent in the paper & pulp industry, with no cheaper substitutes available in the market. Key consumers of sodium chlorate include Oji Paper, Nippon Unipac Holding, Svenska Cellulosa Aktiebolaget, International Paper, and Weyerhaeuser Corporation, who consume more than 55% of the sodium chlorate produced globally.

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Regional Outlook of Sodium Chlorate Market

Europe accounted for the largest sodium chlorate market share over the past half-decade, and by the end of the assessed forecast period, APEJ is set to lead the market, owing to rapidly growing paper and pulp manufacturing units across the region.

Growth of demand was majorly observed from China and Japan in 2019, owing to new paper industries that have sprung up in these countries. Followed by APEJ, the sodium chlorate market in North America is set to grow at a nominal pace, accounting for nearly a quarter of global sodium chlorate demand.

However, the COVID-19 pandemic has contracted the demand for sodium chlorate across regions, owing to reduced activities across industries.

Sodium Chlorate Market Manufacturers: Key Strategies

The global sodium chlorate market is fairly consolidated in nature. Nouryon, Kemira, and Arkema are amongst the tier-1 players. According to Fact.MR estimates, together, these companies are projected to account for more than 40% of the global sodium chlorate market share in 2020. Key manufacturers are observed to be involved in organic approach for expanding their business, collaborating with key paper & pulp manufacturers to enhance their market share.

Sodium chlorate market competition analysis

The Analyst’s Viewpoint

“Diversification of the sodium chlorate market is set to stabilize the market space by the end of the forecast period”.

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COVID-19 Impact on Sodium Chlorate Market

The coronavirus pandemic has brought the whole world to a standstill. Business activities have registered a downturn in the form of dwindling sales due to reduced production and demand. The same is true for the sodium chlorate market. Prominent end uses of sodium chlorate are in chemical applications.

The ongoing pandemic has led to a decline in all industrial activities, in the wake of disrupted supply chains. Extended lockdowns across different countries have nullified the production of sodium chlorate for the past few months, as key manufacturing units and factories are shut.

Even after these lockdowns are lifted, it will take at least a couple of quarters to restore production to normal. Thus, contracting demand from allied industries in 2020 will have prolonged effects on the growth of the global sodium chlorate market.

Sodium Chlorate Market: About the Report

Fact.MR published an exclusive forecast report on sodium chlorate market for 2020 and 2030. The foremost objective of this report on the sodium chlorate market is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the sodium chlorate market. Also, the study on the sodium chlorate market addresses key dynamics that are expected to diversify the sales and future prominence of the sodium chlorate market.

The report on the sodium chlorate market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the sodium chlorate market, elaborating on key segments.

Also, the report outlines visionary insights on the dynamics of the sodium chlorate market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with key buying factors for sodium chlorate.

Supply chain analysis and pricing analysis of the sodium chlorate market, along with the difference between sodium chlorate used as per application, have also been included in the report to help readers clearly understand the product framework map in the sodium chlorate market.

Sodium Chlorate Market: Segmentation

Fact.MR has studied the sodium chlorate market with detailed segmentation on the basis of form, application, end-use industry, and key regions.

  • 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

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”

- FAQs -

Who are the key players in the Sodium Chlorate Market?

Some of the key players in global market are Oji Paper, Nippon Unipac Holding, Svenska Cellulosa Aktiebolaget, International Paper,and many more.

What is the CAGR for Sodium Chlorate Market?

The Global Market For Sodium Chlorate Is Anticipated To Grow At A Value CAGR Of 4.1% During The Forecast Period.

Sodium Chlorate Market

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