Pune, Maharashtra -- (SBWire) -- 02/12/2019 --About the Sodium Chlorate Market Report
The report on the sodium chlorate market offers a detailed analysis of the market in various regions along with key-insights. The report also focuses on important factors influencing the growth of the sodium chlorate market.
Some of these factors include new developments, regulations across regions, on-going research and development activities, and use of new technologies in the sodium chlorate market by manufacturers.
Sodium Chlorate Market Structure
The sodium chlorate market has been segmented into application, form, end-use industry, and region. These key segments are further bifurcated into the sub-segments providing better insights of the sodium chlorate market.
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Competitive Landscape of Sodium Chlorate Market
The report on the sodium chlorate market offers detailed profiles of the leading companies in the market. The report also provides a dashboard view of major players along with the SWOT analysis. Market share, key developments, business strategies, and product portfolio of the key players are also offered in the report on sodium chlorate market.
Companies operating in the sodium chlorate market are focusing on new product launches, and mergers and acquisitions in order to expand globally. For instance, Arkema has acquired Afinitica, adhesives manufacturer in Spain. Arkema, through the acquisition, plans to stronghold its position in the adhesives market.
AkzoNobel has completed the acquisition of Colourland Paints Sdn Bhd. The company plans to accelerate its development and build a strong position in Malaysia.
Kemira has increased the price of all coagulant products across all the segments in the EMEA region. High freight rate and shortage of raw materials due to tight supply situation are some of the reasons for price increase in the region.
Key Insights - Sodium Chlorate Market
Applications in Pulp & Paper Manufacturing Remains Traditional Growth Avenue
Despite the rise in digitalization that has reduced the use of paper, the paper and pulp industry is still witnessing steady growth due to increasing use of packaging paper and tissue paper. Tissue papers including facial wipes, baby wipes, and toilet papers are used on a large scale in restaurants, offices, and households. This is driving the demand for pulp, which is further driving demand for sodium chlorate used in producing chlorine dioxide.
Although chlorine dioxide's use as a bleaching agent in the pulp industry has come under the scanner of growing regulations, demand has remained steady. However, to ensure compliance, end-users have started using substitutes such as hydrogen peroxide and ozone in pulp bleaching. These factors are likely to stymie demand for sodium chlorate in the future.
Sensing the evolutions in end-user demand and broader focus on environmental conservation, sodium chlorate manufacturers are focusing on introducing simple, efficient, and cost-effective process for generating chlorine dioxide using sodium chlorate.
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Applications in Surface Treatment of Metals Continue to Create Opportunities
Surface treatment remains a common procedure across a range of industries including construction, automotive, industrial equipment, medical, aerospace, and chemical laboratories.
The global construction industry is likely to witness steady growth in next five years, with growth averaging nearly 3%. Meanwhile, the demand in automotive sector is expected to grow significantly in developed countries due to advanced technologies and improved engine designs. Also, evolution of smart and cost-effective medical devices have led to the growth in the medical industry. Growth in these industries is driving the need for surface treatment materials including sodium chlorate.
Although the aforementioned industries are growing, the surface treatment of metals is also being done using sodium chlorate alternatives such as hydrofluoric acid, sodium dichromate, nitric acid, and phosphoric acid, regarded as similar strong oxidants.
Sodium chlorate has also emerged as effective defoliant in agriculture industry. According to the Food and Agriculture Organization, around 90% of growth in global crop production is likely to come from higher yields and increased cropping intensity.
Easy Availability of Alternatives Remains Creating Sluggishness
Sodium chlorate is one of the most widely used chemicals worldwide, especially, in the paper and pulp industry. However, different types of pulps are being used in the paper and pulp industry that require different chemicals and processes of bleaching.
For instance, mechanical pulps used in the production of paper have a huge amount of lignin. Hence, the focus of the bleaching in mechanical pulp is to remove chromophore. Therefore, alkaline hydrogen peroxide is used as a bleaching agent in mechanical pulp.
Moreover, in the coming years, the majority of the customers are likely to prefer a low level of paper whiteness, thus reducing the amount of bleaching required. This is expected to hamper the growth in the sodium chlorate market.
Sodium chlorate is highly reactive with combustible chemicals and can result in an explosion when contaminated with dry organic materials. Hence, manufacturers are introducing more safe alternatives to sodium chlorate, thus challenging the growth of the sodium chlorate market.
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Additional Questions Answered in Sodium Chlorate Market Report
The report on the sodium chlorate market offers answers to some of the most important questions.
Which is the largest end-use industry in the sodium chlorate market?
Based on the increasing use as a bleaching agent, which region will dominate the sodium chlorate market?
What are the factors hampering the growth of the sodium chlorate market?
Which process of production for sodium chlorate is gaining traction in the market?
Research Methodology of Sodium Chlorate Market
An effective research methodology has been used to offer key insights into the sodium chlorate market. Both primary and secondary research was done by analysts to produce important data and statistics on the sodium chlorate market. Valid data sources are used to provide unbiased information and minute details on the sodium chlorate market. Conclusions about the future growth of the sodium chlorate market are drawn from primary and secondary research, hence, are reliable and unique.
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Sodium Chlorate Market Estimated to Discern 2X Expansion by 2018-2028
Fact.MR has announced the addition of the “ Sodium Chlorate Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028"report to their offering.