The sodium chlorate market is projected to witness a sluggish growth, with demand likely to reach 4,000,000 tons by the end of 2018, as per a latest report by Fact.MR. Gains will be driven by steady demand from the paper and pulp industry; however, growing regulations and easy availability of alternatives continue to stymie demand.
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Applications in Bleaching Agent Manufacturing Remains a Key Driver
The demand for sodium chlorate is likely to expand at a significant rate owing to its use in the production of bleaching agent. Paper and pulp industry is using sodium chlorate to produce chlorine dioxide, a bleach used in producing high quality and eco-friendly paper products. Demand for sodium chlorate for use in bleaching agent production is likely to surpass 2,700,000 tons by 2018-end.
Highlighting the demand challenges, the report opines that the hazardous nature of sodium chlorate has led to end-users to adopt alternatives that are more environmentally-friendly. The environmental challenges associated with sodium chlorate has led to an increase in the use of enzymes in bleaching agent production. Although uptake of enzymes has grown steadily in textile, home laundering, as well as paper and pulp industries, cost-effectiveness of sodium chlorate remains an advantage.
Paper and Pulp Industry to Account for Largest Share in the Sodium Chlorate Market
In spite of the mounting environmental concerns, paper and pulp industry continues to generate substantial demand for sodium chlorate owing to its easy availability and low-cost. .
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Demand for sodium chlorate is especially pronounced in the US, Japan, and China as these have remained traditional hubs for paper and pulp manufacturing.
According to the Fact.MR report, demand for sodium chlorate from the paper and pulp industry is expected to surpass 3,400,000 tons by 2018 end.
US, China, and India Among Top Markets
North America followed by Asia Pacific Excluding Japan (APEJ) are anticipated to be the most dominating region in the sodium chlorate market. In the US, the demand for cardboard packaging is growing with the rise in e-commerce activities, this is resulting in the significant growth in the paper and pulp industry in the country. Hence, the sodium chlorate market is likely to grow significantly in the region.
Meanwhile, in the APEJ, sodium chlorate is largely used in the production of crackers and fireworks, especially in China. Meanwhile, tissue paper production in China is also growing steadily, thereby, fueling the demand in the sodium chlorate market.
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End-user emphasis on reducing fire-related incidents has led sodium chlorate manufacturers to develop ire-suppressed sodium chlorate by using sodium chlorate blended with inorganic materials such as sodium carbonate, sodium chloride. The shift in manufacturing process is aimed to reduce fire risk and oxidizing potential of sodium chlorate. However, the explosive nature of sodium chlorate, especially when mixed with various organic compounds, continues to be a challenge for manufacturers.
According to Fact.MR, metal drums with plastic liner are largely preferred packaging for sodium chlorate. The report finds that sodium chlorate is also finding large application in the production of sodium perchlorate which is used as an unreactive electrolyte in standard DNA extraction, and used in medicine to block iodine uptake..
The growth in the overall sodium chlorate market is likely to remain steady. The sodium chlorate market is expected to expand at 3.5% CAGR in value terms during 2018-2027.
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