Global Sodium Chlorite Market Anticipates 5.94% CAGR Due to Wide Applications
Sodium chlorite is a white colored, odorless powder which is used as a key ingredient in the production of chlorine dioxide which acts as a bleaching agent in the paper and pulp industry. Sodium chlorate also has application in agriculture where they are used as herbicide in weed control application. The global sodium chlorite market is growing and the probable CAGR expected is close to 5.94% for the period of 2018-2024. This market was valued at USD 161 Mn for the year 2017 and will reach USD 242 Mn by 2024 following the above mentioned growth rate.
Sodium chlorate is extensively used in the production of chemical intermediates such as potassium chlorate and sodium perchlorate. Sodium chlorite has widespread use in water purification systems across industries, hospitals, city municipal bodies. Moreover, chlorine dioxide produced from sodium chlorite is FDA approved for water disinfection purposes. Anhydrous form of sodium chlorite is used commercially, as it is not hygroscopic and does not cake during storage. Acidified sodium chlorite is used widely as an anti-microbial agent in hospitals and the food industry.
Also, a mixture of sodium chlorite and zinc chloride is used in mouthwash, clinical rinses, and toothpaste and as a preservative in eye drops. The use of chlorine dioxide, a derivative of sodium chlorite, helps in selective destruction of pathogenic bacteria, it is known to be non-reactive on useful intestinal bacteria and organic matter such as food or body cells. Thus the market for sodium chlorite is also growing on the account of rising demand from pharmaceutical industry.
The report “Global Sodium Chlorite Market Research Report - Industry Analysis, Size, Share, Growth, Trends And Forecast 2017 to 2024”
suggests the growing healthcare and sanitation industry is the major driver for the market of sodium chlorite. Owing to its antibacterial and disinfectant property they also find use in hospital operation theatres, waiting rooms and critical care units. Additionally, they are also used in the food and poultry industry. The growing urban population base is accountable for the increase in consumption of sodium chlorite used for water purification.
The global sodium chlorate market is majorly driven by the growth in the paper and pulp industry. Since approximately 80-90% of the overall sodium chlorate consumption is for the manufacture of chlorine dioxide, which is used in the paper and pulp industry, thus the demand for sodium chlorate depends considerably on the growth of paper and pulp industry.
Furthermore, they also have application for niche applications such as for the creation of oxidation candles for aircraft and submarines. Besides, Sodium chlorate is also used in the automotive and electronics industries for the surface treatment of metals.
The Asia Pacific is accountable for the highest number of share in the global sodium chlorate market and is estimated to stay dominant in the global market throughout the forecast period owing to the large firms of paper and pulp manufacturing plant in the region. Moreover, China is a prominent consumer of sodium chlorate. Despite paper and pulp, China also has a huge base firm for the use of sodium chlorate in niche applications such as fireworks.
The market is going to face a challenge owing to the availability of substitute such as hydrogen peroxide.Some of the prominent players in the market ERCO Worldwide, Kemira, Akzo Nobel N.V., Chemtrade, Arkema, Tronox Limited, Ercros S.A and Inner Mongolia Lantai Industrial among others.
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