Sodium chlorate is an inorganic compound with the chemical formula NaClO3. It is usually a white or slightly yellow equiaxed crystal, with a salty and cool taste, easily soluble in water, slightly soluble in ethanol, and a neutral aqueous solution.
Sodium chlorate has a wide range of industrial applications due to its strong oxidizing and unstable properties, but at the same time, it is also necessary to pay attention to safe use and avoid contact with flammable and explosive substances.
Market Size and Growth Forecast
According to our research data, the estimated revenue of the global sodium chlorate market in 2024 is $2641 million, an increase of 3.13% compared to 2023, and is expected to continue to increase to $3.128 billion by 2029. The CAGR for 2024-2029 is estimated to be 6.06%.
Segmented Market Analysis
From the perspective of product types, sodium chlorate can usually be divided into two categories based on purity: purity ≥ 95% and purity<95%. Among them, sodium chlorate with purity<95% occupies a higher market share, estimated to be 61.68% in 2024.
From the perspective of downstream application patterns, sodium chlorate is mainly used in the fields of pulp and paper, water treatment, and chemical raw materials. Among them, the pulp and paper industry is the largest downstream application market, with an expected application share of up to 90.86% in 2024.
Global Sodium Chlorate Market Analysis
Source: www.globalmarketmonitor.com
Market Analysis of Major Regions
From a regional perspective, North America is the global largest sales market for sodium chlorate. Data shows that the estimated sales volume of sodium chlorate in North America in 2024 is 1519k tons, accounting for an estimated 40.07% of the global total sales volume; The Asia Pacific region is expected to rank second with a sales share of 25.02%. In addition, South America and Europe are also important sales markets for sodium chlorate globally, with sales volume both accounting for over 15%.
Global Sodium Chlorate Sales Volume and Proportion by Region Forecast in 2024
|
Regions
|
Sales Volume (K Tons)
|
Proportion
|
|
North America
|
1519
|
40.07%
|
|
Europe
|
584
|
15.40%
|
|
Asia Pacific
|
948
|
25.02%
|
|
South America
|
590
|
15.58%
|
|
Middle East & Africa
|
149
|
3.93%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Sodium Chlorate Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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