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Global Market Insights Inc. announces an ongoing comprehensive report on the “Sodium Chlorate Market Size, Industry Analysis Report, Regional Outlook (U.S, Canada, Mexico, Japan, China, India, South Korea, Malaysia, Indonesia, Australia, Brazil, Argentina, South Africa, UAE, Saudi Arabia), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025”. This report provides an exhaustive account of the industry including:• Sodium chlorate market size, historical from 2014 to 2018 and annual forecast from 2019 to 2025
• Major sodium chlorate industry trends, technology evolution, economic indicators and business challenges
• Regulatory and geopolitical trends impacting the industry
• Business drivers and pitfalls impacting key regional markets
• Competitive landscape of the industry and detailed profiles on the major companies
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Sodium chlorate, an inorganic composite, is manufactured by electrolysis of NaCl (brine) and has the ability to hold water molecules at room temperature. It is an odorless, crystalline powder, white to yellow in color, soluble in water and decomposes at temperature more than 300 °C to discharge oxygen and produces salt (sodium chloride). It is produced in bulk and holds major application in bleaching. It is also used in agricultural industry as soil-sterilant which prevents the growth of plants and animals.
Characterized by regulatory policies to curb health and environmental hazards, sodium chlorate market has been observing remarkable growth over the last few years. Sodium chlorate is mainly used as a vegetation controlling agent owing to its phytotoxic characteristics.
Owing to the oxidizing property, leather manufacturing and tanning industries have been preferring sodium chlorate on a large scale. Leather industry is one of the old manufacturing sectors, that is growing tremendously over the last few years due to surging urbanization and rise in population across the globe. In fact, with exponentially growing demand for sodium chlorate across leather and tanning industries, sodium chlorate market share is slated to record significant growth.
In vegetation, breakdown of chemicals leads to rise in the rate of respiration and decrease in catalytic activities, which reduces food reserves of plants. Even for weed control on roadsides, sodium chlorate is used prominently. The remarkable use of sodium chlorate as a herbicide and defoliant is poised to drive market share over the coming timeframe.
Sodium chlorate is widely used as defoliant which causes leaves of plants to fall for plants like cotton, sunflower, corn, rice, and dry beans. It is used in electronic industry for the manufacture of oxidizing candles in submarines and aircrafts. Chlorate candles are used to provide oxygen during scarcity, which makes it an essential component in all aircrafts and submarines, further augmenting sodium chlorate market size.
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Speaking about regional trends, Latin America is apparently slated to emerge as one of the most profitable growth grounds for the global sodium chlorate market. Growing inclination of industry giants coupled with surging expansion of paper and pulp industry across Latin America is likely to enhance the regional product demand. The changing business tactics of players to strengthen their capabilities in South American sodium chlorate market via new establishments will improve industry trends over the years ahead.
The European Commission has banned sodium chlorate usage as an herbicide throughout Europe in 2009 owing to its adverse health and environmental risks. This ban prohibits the sale and use of the product in the region but allows its production for sale outside Europe.
The presence of more number of international and regional manufacturers is slated to influence sodium chlorate market outlook over the forecast timeframe. Most of the leading companies have been trying to enhance their presence in the market by acquiring smaller players and forging new alliances, the impact of which is likely to be felt across the industry dynamics worldwide. Some of the companies mentioned in the report include ALDON Corporation, Mil-Spec Industries, A. B. Enterprises, and Shree Chlorates.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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