Global Sodium Chlorate Market Driven by Strong Demand in the Wood Pulp Processing Industry

Sodium chlorate is a powerful oxidising agent which has various applications in diverse industries. According to IMARC Group, the global sodium chlorate market has grown at a CAGR of 4% during 2008-2015. The wood pulp processing industry represents the largest consumer of sodium chlorate accounting for the majority of its consumption.



IMARC Group’s latest study, “Sodium Chlorate Market – Industry Trends, Prices, Manufacturing Process, Applications, Raw Materials, Manufacturers, Regional Breakup and Mass Balance” provides a detailed analysis of the global sodium chlorate market. Sodium chlorate is an inorganic chemical compound with the formula NaClO3. It is found as a white powder which easily dissolves in water and disintegrates into sodium chloride and oxygen above 300 °C. It is produced industrially by the electrolysis of brine in the presence of hydrochloric acid as pH regulator and sodium dichromate as catalyst. It is a major component of the wood pulp processing industry which accounts for the majority of its consumption. According to the report, the global sodium chlorate market has grown at a CAGR of around 4% during 2008-2015. The market has been growing as a result of increasing demand for sodium chlorate in the wood pulp processing industry following the ban on the use of elemental chlorine as a bleaching agent.

                                         Global Sodium Chlorate Market

The report has segmented the market on the basis of end-use. Currently, the largest consumer of sodium chlorate is the pulp processing industry where it is used to produce chlorine dioxide, an eco-friendly bleaching agent. Chlorine dioxide is used for manufacturing high quality and Elemental-Chlorine Free (ECF) paper products which are environment-friendly. Sodium chlorate is also used as a precursor in the manufacturing process of sodium chlorite and sodium perchlorate. It finds applications as an oxidant in various chemical synthesis processes, in uranium and vanadium mining, in oxygen candles used in aircrafts and submarines, in the surface treatment of metals and in breathing apparatus for mine rescue crew and firefighters. Other industrial products manufactured using sodium chlorate include – cosmetics, pharmaceuticals, defoliants, dyes, matches, explosives, herbicides, inks, etc.

The report has also done a regional segmentation of the sodium chlorate market on the basis of production, consumption, exports and imports. On the basis of production, Canada currently represents the largest producer. It is followed by the United States, China, Finland and Brazil. On the basis of consumption as well, the North American region is the largest market. On the basis of export data analysis, the report finds that Canada represents the largest exporter, followed by the United States and China. The report also covers the key players operating in this market. The major sodium chlorate manufacturers include – China First Chemical Holdings Ltd, Kemira, Canexus, ERCO Worldwide and Eka Chemicals.

The report gives a detailed roadmap for starting a sodium chlorate manufacturing plant. The study covers all the requisite aspects of the global sodium chlorate market. This ranges from a comprehensive view of the market to minute details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the sodium chlorate market in any manner.

 

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

 

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