Sodium chlorate is mainly used for the manufacture of chlorine dioxide, which acts as a bleaching agent in the pulp and paper industry. It is white/off-white in color and is odorless and it is highly soluble in water. It is in its pure form is inflammable but during its decomposition, it releases oxygen, therefore it acts as an accelerant in presence of flammable substances. Sodium chlorate is used for the extraction of vanadium and uranium in the mining industry. It is also used as the herbicide in the weed control application. In recent years, sodium chlorate has been extensively utilized in the manufacture of chemical intermediates such as sodium perchlorate and potassium chlorate.According to AMA, the market for Sodium Chlorate is expected to register a CAGR of 4.2% during the forecast period to 2024. This growth is primarily driven by Growth in the Paper and Pulp Industry, Growing Mining Industry across the Globe and Increasing Demand from Water Treatment.
Globally, a noticeable market trend is evident Increasing Use of Sodium Chlorate for Niche Applications for the Production of Oxidation Candles for Aircrafts and Submarines. Major Vendors, such as Akzo Nobel N.V. (Eka Chemicals) (United Kingdom), Kemira, ERCO Worldwide (Canada), Chemtrade Logistics Inc. (Canada), Arkema S.A. (France), Tronox Inc. (United States), Ercros S.A (Spain), ERCO Worldwide (Canada), Inner Mongolia Lantai Industrial (China), Sichuan Minjiang Snow Salt Chemical Industry Co., Ltd. (China), Gujarat Alkalies and Chemicals Limited (India) and China First Chemical Holdings Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 19 Jan. 2016, AkzoNobel, a global leader in sodium chlorate, has strengthened its position in the North American hydrogen peroxide market after acquiring the outstanding shares in EkO Peroxide LLC from joint venture partner OCI Peroxygens LLC (a subsidiary of OCI Enterprises Inc.)
- Growth in the Paper and Pulp Industry
- Growing Mining Industry across the Globe
- Increasing Demand from Water Treatment
- Increasing Use of Sodium Chlorate for Niche Applications for the Production of Oxidation Candles for Aircrafts and Submarines
- Availability of Alternatives Such As Hydrogen Peroxide and Ozone
- Stringent Government Norms on Its Usage
Emerging Demand from Economies
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