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.
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.
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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.
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.
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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.
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.
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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.
- Bleaching Agents
- Oxidizing Agents
- Paper & Pulp Industry
- Chemical Industry
- Mining Industry
- Other End-Use Industries
- North America
- Latin America
- Asia Pacific Excluding 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.”
Sodium Chlorate Market- Scope Of The Report
A recent study by Fact.MR on the sodium chlorate market offers a 10-year forecast for 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of the sodium chlorate market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of sodium chlorate. The study also provides dynamics that are responsible for influencing the future status of the sodium chlorate market over the forecast period.
A detailed assessment of the sodium chlorate value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the sodium chlorate market along with their product portfolios enhances the reliability of this comprehensive research study.
Sodium Chlorate Market: Report Summary
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the sodium chlorate market across the globe.
A comprehensive estimate on the sodium chlorate market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of sodium chlorate during the forecast period. Price point comparison by region with global average price is also considered in the study.
Sodium Chlorate Market: Analysis on Market Size Evaluation
The sodium chlorate market has been analyzed for each market segment, in terms of volume (Kilo Tons) and value (US$ Mn).
Market estimates at global and regional levels for sodium chlorate is available in terms of “US$ Mn” for value and in “Kilo tons” for volume. A Y-o-Y growth contrast on prominent sodium chlorate market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global sodium chlorate market.
Sodium Chlorate Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the sodium chlorate market report, which have helped deliver projections on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of sodium chlorate market during the forecast period.
Country-specific valuation on demand for sodium chlorate has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value and volume for emerging countries has also been included in the report.
Sodium Chlorate Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of sodium chlorate, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of sodium chlorate has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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