Analysis of Sodium Chlorite Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global sales of Sodium Chlorite Market in 2021 was held at US$ 223.8 Mn. With 7.1%, the projected market growth during 2022 - 2032 is expected to be higher than the historical growth and the market size is expected to grow to US$ 464.6 Mn by the end of forecast during 2022 - 2032. Disinfectants application for Sodium Chlorite is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 7.8% during 2022 – 2032.
Global Sodium Chlorite Market Size (2022)
US$ 235.2 Mn
Global Market Size (2032)
US$ 464.6 Mn
Global Market CAGR (2022-2032)
U.S. Market CAGR (2022 – 2032)
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As per the Global Sodium Chlorite Market research by Fact.MR - a market research and competitive intelligence provider, historically, from 2017 to 2021, the value of the Sodium Chlorite Market increased at around 5.4% CAGR.
The market for sodium chlorite is significantly influenced by the expanding healthcare and hygiene sectors. The antibacterial and disinfecting properties of sodium chlorite make it beneficial in hospital operating rooms, waiting rooms, and intensive care units. They are also employed in the poultry and food industries. Because chlorine dioxide is less hazardous than the chlorine that is often used to purify water, it is commonly employed in public water systems.
The increase in sodium chlorite demand for water purification is due to the expanding urban population. The sodium chlorite market is also being driven by the expanding healthcare sector. But since it is a potent oxidizer, sodium chlorite needs to be handled carefully.
This is expected to offer up new opportunities for sodium chlorite if conclusive results are found for its application in the treatment of amyotrophic lateral sclerosis, for which sodium chlorate is being explored. Sodium chlorate is utilized more frequently in a variety of processes, including leather tanning and finishing and the creation of dyes, due to its oxidizing property. In the forthcoming years, market growth is anticipated to be driven by the rising demand for sodium chlorate in various sectors.
Sodium chlorate is used as a non-selective herbicide to suppress the growth of a number of plants, including morning glory, gorse, Johnson grass, bamboo, elderberry, and St. John's wort since it is phytotoxic to all green plants. It is mostly utilised for spot treatments on uncultivated land and for the regulation of vegetation around fences, roadsides, etc.
The key factors which are propelling the Sodium Chlorite demand are the rising food sector's growing need for antimicrobial compounds to extend packaged goods' shelf lives is anticipated to benefit industry growth. Because the chemical's acidic form does not affect food's nutritional value, its usage in food and beverage applications is encouraged.
It is also employed in the medical sector as a drug and an insecticide, as well as in the processing sector for pest control. The mixture is incorporated into mouthwashes, toothpaste, gels, and sprays along with zinc chloride. The market is anticipated to be driven by rising demand for the product as a preservative in the production of nasal and eye drops. The chemical's sodium hydroxide content raises the pH levels of the water, making it possible to utilize it as a disinfectant. In operating rooms, intensive care units, water treatment facilities, and swimming pools, it is diluted with water and utilized for disinfection purposes.
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The expansion of the sodium chlorite market is anticipated to be constrained by the availability of substitutes for ozone and hydrogen peroxide, both of which are utilized for pulp bleaching. Bleaching agents without chlorine include hydrogen peroxide. It has the necessary chemical and mechanical qualities to produce pulp with a variety of whiteness.
The pulp and paper industry has increased its usage of hydrogen peroxide as a result of cheaper production costs, better paper quality, higher percent recovery, simplicity of use, and environmental friendliness. The health risks associated with prolonged sodium chlorite use, including fatigue, diarrhea, headaches, nausea, and dehydration, are also predicted to impede market expansion.
Besides, ozonated water and hydrogen peroxide stand as potent substitutes for sodium chlorite. Similar to chlorine, ozone is an excellent oxidizing agent for destroying germs in the water. On the other hand, Hydrogen peroxide is an odorless, transparent liquid. Its chemical formula is H2O2, which consists of just one additional oxygen molecule to water's H2O molecule.
During the projection period, Asia Pacific is expected to be the largest Sodium Chlorite Market. The market for Sodium Chlorite in Asia Pacific was about US$ 57.7 Mn in 2017 and will increase from its current value of US$ 76.4 Mn to US$ 157.8 Mn by the end of the forecast period in 2032, with a projected CAGR of 7.6%. Growing pulp and paper sector and water treatment end-usage in Asia Pacific is anticipated to drive the market. The application for disinfectants and antimicrobial agent is growing the market of Sodium Chlorite Market in the region.
After Asia Pacific, the North America region is expected to grow as the highest revenue-generating market for Sodium Chlorite with a projected market size of US$ 130.9 Mn with a CAGR of 8.3% by the end of forecast period 2032. The high rate of sodium chlorite use for water treatment is anticipated to stimulate demand in North America.
In both residential and business settings, there is a critical need in North America for reliable, affordable, and sustainable drinking water options. There are roughly 10,000 desalination plants in existence worldwide, according to the International Desalination Association (IDA). Each plant contains at least one unit that can use various desalination techniques to produce more than 13,210 gallons per day. Nearly 2,000 of these desalination facilities, or 24%, are situated in the United States.
U.S. Sodium Chlorite Market Analysis
The United States is expected to account for the highest market of US$ 120.3 Mn by the end of 2032. It is expected to be projected to have an absolute dollar growth of US$ 66.2 Mn. The high market value of sodium chlorite in the United States is a result of the high spending costs. The United States Food and Drug Administration designated sodium chlorite as a chemical that is "generally recognized as safe" (GRAS).
The U.S. market growth is also seen due to the presence of industry leading companies in the country which are Occidental Petroleum Corporation ERCO Worldwide, Oxychem, SAE Manufacturing Specialities Corp, Wego Chemical Group Inc, Chemical Store Inc, Hydrite Chemical Co., CDG Environmental, LLC and various other market leading companies.
U.K. Sodium Chlorite Market Analysis
In a study conducted in the UK, maintaining swimming pools under UK guidelines can prevent the transmission of SARS-CoV-2. In the U.K., sodium chlorite is used as a pool disinfectant at a concentration of 1.5 – 3.0 mg/l. The market for sodium chlorite in the U.K. is projected to reach a valuation of 15.6 Mn by 2032, growing at a CAGR of 6.1% during 2022 – 2032.
Japan Sodium Chlorite Market Analysis
The sodium chlorite market in Japan is projected to reach a valuation of US$ 26 Mn by 2032, growing at a CAGR of 8.4% during 2022 – 2032. The market in the country is expected to register an absolute dollar opportunity of US$ 14.3 Mn during 2022 – 2032.
South Korea Sodium Chlorite Market Analysis
In South Korea, the market for sodium chlorite grew from US$ 6.5 Mn in 2022 to reach a valuation of US$ 12.3 Mn by 2032. The market is projected to witness an absolute dollar opportunity of US$ 5.8 Mn during 2022 - 2032.
Sodium Chlorite finds its largest application in disinfectants. Demand growth of Sodium Chlorite through disinfectant was recorded at 6.3% during 2017 – 2021, while it is expected to grow at a CAGR of 7.8% during 2022 – 2023. Currently disinfectant market contributes about 43.3% of the total Sodium Chlorite market. The usage of sodium chlorite is mostly done in the disinfection of municipal drinking water treatment, water purification, and surface cleaning.
Sodium chlorite is effective against viruses, bacteria, fungi, and mycobacteria. According to a report by Barc.gov, there was an urgent demand for disinfectants to eliminate germs in various buildings and areas due to the covid-19 epidemic. It was crucial to understanding how to make and employ efficient cleaning solutions in order to fight the novel coronavirus, which causes illness.
One of the effective disinfectants, which were used during Covid-19, was sodium chlorite, which is used in sanitation. The WHO and CDC in the United States recommend using 0.05–0.5% sodium chlorite, while the ICMR in India recommends using 1%.
The World Health Organization and the Centers for Disease Control and Prevention (CDC) advise using sodium chlorite solution as one technique for cleaning up locations that have been exposed to the novel coronavirus. Disinfectants, such as sprays, wipes, and mops, can be used in a variety of ways to assist clean up areas exposed to the new coronavirus. Therefore, it is anticipated that the market for sodium chlorite would expand due to the increased requirement and awareness for cleanliness and disinfection.
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Some of the key players operating in the sodium chlorite market are Corporation ERCO Worldwide, Dongying Shengya Chemical Co. Ltd., Kemira Oyj, Shree Chlorates, Tata Chemicals Limited, Akzo Nobel N.V., INEOS GROUP HOLDINGS, Carlit Holdings Co. Ltd., OxyChem, CHEMZEST, BioE, Otto Chemie Pvt. Ltd, and Occidental Petroleum.
Some of the recent developments in the sodium chlorite market are :
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The global Sodium Chlorite Market is worth more than US$ 235.2 Mn at present.
The value of Sodium Chlorite Market is projected to increase at a CAGR of around 7.1% during 2022 – 2032.
While the market in South Korea is expected to grow at nearly 6.6%, the market in Japan is projected to register a CAGR of nearly 8.4% during 2022 - 2032.
The global demand for Sodium Chlorite is being fueled by a considerable increase in hygiene awareness due to Covid-19 and an increase in the usage of sodium chlorite for food preservation and water treatment.
The growth of the market for Sodium Chlorite in China is projected to expand at a CAGR of around 8.2% during 2022 – 2032.
The growth of the market for Sodium Chlorite in United States is projected to expand at a CAGR of around 8.3% during 2022 – 2032.
The value of Sodium Chlorite Market increased at a CAGR of around 5.4% during 2017 – 2021.
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