USD 215.98 million
Sodium Chlorite Market Size, Share, Growth Analysis, By Type(Liquid Sodium Chlorite, and Solid Sodium Chlorite), By Application(Water Treatment, Textile Application, Paper industry, Pulp Application), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2237 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
65
|Figures:
69
Sodium Chlorite Market Insights
Global Sodium Chlorite Market size was valued at USD 215.98 million in 2022 and is poised to grow from USD 230.02 million in 2023 to USD 380.68 million by 2031, growing at a CAGR of 6.50% in the forecast period (2024-2031).
The global sodium chlorite market is a vital segment of the chemicals industry, experiencing significant demand across various sectors due to its versatile properties and applications. Sodium chlorite (NaClO2) is a compound known for its strong oxidizing potential and is primarily used as a precursor in the production of chlorine dioxide (ClO2), a powerful and environmentally friendly disinfectant, bleaching agent, and odor control solution. The market growth is propelled by several factors, including its extensive use in water treatment for municipal and industrial applications, where it effectively treats drinking water, wastewater, and process water. Additionally, the pulp and paper industry rely on sodium chlorite for pulp bleaching, which is more eco-friendly compared to traditional chlorine-based bleaching methods. Furthermore, the demand for sodium chlorite in the textile and healthcare sectors is on the rise due to its antimicrobial properties and applications in disinfection and sterilization. The food and beverage industry also contributes to the market's expansion as sodium chlorite is used for food processing, preservation, and pathogen control. Its role in eliminating harmful microorganisms without leaving harmful residues makes it an attractive option for food safety.
US Sodium Chlorite Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Water Treatment
Fastest Growth
Paper industry
Growth Rate
6.50% CAGR
Global Sodium Chlorite Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Sodium Chlorite Market Segmental Analysis
The global sodium chlorite market is segmented on the basis of Type, Application and region. By Type, the market is segmented into Liquid Sodium Chlorite, and Solid Sodium Chlorite. By Application, the market is segmented into Water Treatment, Textile Application, Paper industry, Pulp Application, Metal Surface Treatment, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Sodium Chlorite Market Analysis By Type
In terms of segmentation by type, the dominant segment is likely to be Liquid Sodium Chlorite. This dominance can be attributed to its widespread use in various industries, including water treatment, textile bleaching, and chemical synthesis. Liquid sodium chlorite is valued for its versatility, ease of handling, and efficient application across different processes.
On the other hand, the fastest-growing segment is expected to be Solid Sodium Chlorite. This growth can be attributed to the increasing demand for safer and more stable forms of sodium chlorite, especially in applications where the handling and transportation of liquid chemicals might pose challenges. Solid sodium chlorite offers advantages in terms of storage, transportation, and reduced risk of accidental spillage, making it an attractive option for industries focused on safety and operational efficiency.
Sodium Chlorite Market Analysis By Application
In the global sodium chlorite market, the dominant application is Water Treatment, which holds a significant share due to its extensive use as a disinfectant and oxidizing agent in municipal water treatment plants, industrial water systems, and wastewater treatment facilities. Sodium chlorite's effectiveness in eliminating harmful microorganisms and contaminants contributes to its widespread adoption for ensuring safe and clean water supplies.
On the other hand, the fastest-growing segment in the global sodium chlorite market is the Paper Industry. Sodium chlorite is utilized in the paper manufacturing process as a bleaching agent, aiding in the production of high-quality and bright paper products. Its environmentally friendly nature compared to traditional chlorine-based bleaching agents has led to increased adoption within the paper industry. As sustainability and eco-friendly practices gain prominence, the demand for sodium chlorite as a paper bleaching agent is expected to continue growing rapidly.
Global Sodium Chlorite Market By Application
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Sodium Chlorite Market Regional Insights
The global sodium chlorite market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The global sodium chlorite market has experienced significant growth with Asia Pacific emerging as the dominant region. The APAC region holds a prominent position in the global sodium chlorite market due to its vast industrialization, manufacturing activities, and water treatment applications. Countries like China, India, and Japan have a significant demand for sodium chlorite, driven by its use in diverse industries such as textiles, paper and pulp, chemicals, and water treatment. Rapid urbanization, infrastructure development, and increasing population contribute to the sustained demand for sodium chlorite-based products, making APAC a dominant player in the market.
Meanwhile, Europe is witnessing robust growth in the sodium chlorite market, emerging as the fastest-growing segment. This growth is attributed to the increasing emphasis on sustainable practices, stringent regulations on water quality, and the adoption of eco-friendly alternatives in various industries. Sodium chlorite's applications in water purification, textiles, and healthcare align with Europe's focus on environmental consciousness and stringent regulatory frameworks. As the region seeks innovative solutions for water treatment and other applications, the demand for sodium chlorite is projected to grow rapidly, making Europe a significant and rapidly expanding market segment.
Global Sodium Chlorite Market By Region
- Largest
- Fastest
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Sodium Chlorite Market Dynamics
Sodium Chlorite Market Drivers
Water Treatment Demand:
- The global sodium chlorite market is driven by the increasing demand for water treatment solutions across various industries. Sodium chlorite is used as a disinfectant and oxidizing agent in water treatment processes, especially in municipal water treatment, industrial water purification, and wastewater treatment, thus supporting its market growth.
Pulp and Paper Industry:
- The pulp and paper industry's growth contributes to the demand for sodium chlorite. It is used in bleaching processes to produce high-quality paper products. As the demand for paper and paperboard products continues, the sodium chlorite market is likely to benefit from this trend.
Sodium Chlorite Market Restraints
Health and Environmental Concerns:
- Sodium chlorite poses health and environmental risks if not handled properly. It can release harmful chlorine dioxide gas, which can be hazardous to human health and the environment. Regulatory agencies and public awareness about these risks could lead to stricter regulations, impacting the market's growth.
Availability of Substitutes:
- There are alternative chemicals and technologies available for water treatment and bleaching processes that might offer more environmentally friendly options. These substitutes could limit the growth of the sodium chlorite market as industries seek more sustainable solutions.
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Sodium Chlorite Market Competitive Landscape
The global sodium chlorite market features a competitive landscape characterized by a mix of established chemical manufacturers and specialized suppliers. Key players in the industry include companies such as Arkema Group, Sigma-Aldrich (now part of MilliporeSigma), Alfa Aesar (Thermo Fisher Scientific), and Ercros S.A. These companies possess extensive production capabilities and distribution networks, allowing them to cater to diverse industries, including water treatment, textiles, and chemical synthesis. Moreover, the market is witnessing the emergence of smaller players and regional manufacturers offering niche products and focusing on customization to meet specific application demands. The competition is driven by factors such as product quality, innovation, pricing strategies, and regulatory compliance. Additionally, partnerships, collaborations, and acquisitions are prevalent strategies to expand market presence and enhance product portfolios.
Sodium Chlorite Market Top Player’s Company Profile
- Merck KGaA (Germany
- DuPont (U.S.)
- Akzo Nobel N.V.(Netherlands)
- OSAKA SODA (Japan)
- Carlit Holdings Co., Ltd. (Japan)
- Parchem Fine & Specialty Chemicals (U.S.)
- Ercros (Spain)
- ERCO Worldwide (Canada)
- Occidental Petroleum Corporation (U.S.)
- Fengshan Group Co.,Ltd (China)
- Shandong Gaomi Gaoyuan Chemical Industry Co.,Ltd. (China)
Sodium Chlorite Market Recent Developments
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In March 2024, Circle Capital minimized Compass Minerals Global from a "purchase" rating to a "hold" rating, as per a report by Marketbeat.com. They have set an objective cost of $26.00 for the Fundamental Materials organization's stock, brought down from their past objective of $29.00. Circle Capital's cost target recommends an expected potential gain of 10.31% from the ongoing stock cost.
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In February 2024, MicroSalt, TekCapital's champion portfolio organization, is set to send off its Initial Public Offering (IPO) on February 1, 2024. This move comes amid a better climate for new organizations contrasted with 2023, with assumptions for decreasing inflation and potential interest rate reductions in the last part of the year.
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In March 2024, the pulp and paper industries were seeing the benefits of involving sodium chlorate as both a bleaching agent and a weed killer. This versatile chemical demonstrates helpfulness in further developing the bleaching process for paper production while additionally successfully controlling weeds, adding to upgraded proficiency and efficiency in these enterprises.
Sodium Chlorite Key Market Trends
- Growing Demand for Water Treatment Applications: One key market trend in the global sodium chlorite market is the increasing demand for water treatment applications. Sodium chlorite is utilized as a powerful disinfectant and oxidizing agent in water treatment processes, particularly in the purification of drinking water and wastewater treatment. Its effectiveness in controlling microbial contamination and removing impurities has led to rising adoption in municipal and industrial water treatment facilities worldwide. As concerns about water quality and environmental sustainability heighten, the demand for sodium chlorite for water treatment is expected to continue to grow.
- Expanding Applications in Industrial Processes: Another significant trend is the expanding use of sodium chlorite in various industrial processes. The chemical's strong oxidizing properties make it valuable in applications such as bleaching in the textile and paper industries, as well as in chemical synthesis and metallurgical processes. Additionally, sodium chlorite is finding applications in sectors like food processing, where it is used for disinfection and pathogen control. As industries seek safer and more efficient processes, the versatility of sodium chlorite in industrial applications is driving its adoption and contributing to the overall growth of the global market.
Sodium Chlorite Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global sodium chlorite market analysis, the market has undergone substantial growth driven by its diverse applications across various industries. Sodium chlorite's use as a precursor for chlorine dioxide, a powerful oxidizing agent, has found applications in water treatment, pulp and paper, and textile industries for its efficient disinfection and bleaching properties. The demand for environmentally friendly and cost-effective water treatment solutions has contributed to the market expansion. Additionally, sodium chlorite is utilized in the production of chemicals, textiles, and personal care products. The market growth is also influenced by stringent regulations on chemical usage and increased emphasis on sustainable practices. However, concerns regarding the safe handling and transportation of sodium chlorite, as well as potential environmental and health risks, pose challenges. As industries seek efficient and sustainable solutions, the sodium chlorite market is expected to continue evolving, with innovation and responsible practices playing a pivotal role in shaping its future trajectory.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 215.98 million |
| Market size value in 2031 | USD 380.68 million |
| Growth Rate | 6.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sodium Chlorite Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sodium Chlorite Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sodium Chlorite Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sodium Chlorite Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sodium Chlorite Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sodium Chlorite Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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