Top Companies in Sodium Chlorate Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Sodium Chlorate Market is projected to reach a value of USD 3.9 Billion by 2028 at a CAGR of 5.2% over the forecast period.
The Global Sodium Chlorate Market is valued at USD 2.9 Billion in 2021 and is projected to reach a value of USD 3.9 Billion by 2028 at a CAGR of 5.2% over the forecast period. Around 80–90 percent of sodium chlorate consumption produces chlorine dioxide, which is utilized in the paper and pulp industry. As a result, the growth of this industry has a significant impact on sodium chlorate demand.
The sodium chlorate market is expanding faster because of its expanding application in the paper and pulp industry. When making chlorine dioxide, which is used as a bleaching agent in the production of bleached pulp, sodium chlorate is frequently used in the process.
When extensively applied as a defoliant, sodium chlorate causes the leaves of plants like cotton, rice, sunflower, corn, and dry beans to fall. Furthermore, it is used in the electronic sector to make oxidizing candles for aircraft and submarines. The size of the market for sodium chlorate is further increased by the fact that chlorine candles are used to give oxygen when it is scarce. These candles are a necessary part of all airplanes and submarines. Furthermore, customers' demand for high-quality packaging, tissue, and craft paper has increased over the past few years. In the future, this will present growth prospects for the global sodium chlorate market. Sodium chlorate is increasingly being used in a variety of industries due to its accessibility, simplicity of storage, and affordability. Also, one key element anticipated to drive the global sodium chlorate market during the projected period is rising demand for use in the production of dyes and in the leather & tanning sector.
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The industry is highly fragmented, with many national and international manufacturers competing for customers on price and quality. However, the market for sodium chlorate is dominated by well-known companies from throughout the world, including GFS Chemicals (US), ALDON Corporation (US), Spectrum Chemicals (India), Mil-Spec Industries (US), H. K. Group (India), A. B. Enterprises (India), Shree Chlorates (India), and Petrochem (India). Additionally, these major players are attempting to expand their footprint in new markets by forming alliances or acquiring local or other small businesses.
Let’s Look at the Top Companies That are Taking the Sodium Chlorate Market by Storm
- GFS Chemicals, Inc. (US)
GFS Chemicals produce specialty chemicals. The business sells solvents, metal acids, dyes, stains, and other organic and inorganic chemicals. In the US, GFS Chemicals conducts business.
- ALDON Corporation (US)
Manufacturer and distributor of private-label chemicals, ALDON has a skilled and competent workforce. In addition, the business has expertise in handling, combining, creating, testing, packing, and shipping customized chemicals and chemical goods.
- Spectrum Chemicals (India)
As a chemical trading company, Spectrum Chemicals was founded in 1990. The business expanded into marketing and distribution of specialized chemicals in 1996. The company provides products to various developing markets, including road construction, agrochemicals, home care, pigments, oilfields, adhesives and lubricants, and elastomers. In addition, they can assist clients with difficult problems, including chemicals, additives, and machinery.
- H. K. Group (India)
H.K. Group has been thriving as a reputable name in the international chemical business and offers/manufactures a comprehensive range of high-quality chemicals & additives for diverse segments.
- A B. Enterprises (India)
B. Enterprises produces dyes and solvent colors on various surfaces, including walls, wood, clothing, and food. Reactive He Dyes, Reactive Printing Dyes, Synthetic Food Color, Sunfast & Non Benzidine Direct Dyes, and many other colors are available from the company.
- Shree Chlorates (India)
Shree Chlorates has been a manufacturer since 1989. They are one of India's top producers of sodium chlorate, sodium chlorite powder, sodium chlorite solution, and sodium bisulphate (anhydrous), all of which come in various grades. Shree Chlorates helps its customers by offering high-quality goods at affordable prices.
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