Global Sodium Chlorate Market Outlook
The global sodium chlorate market reached a volume of 4.52 million tons in 2020. The market is expected to grow further in the forecast period of 2021-2026 at a CAGR of 4.9% to reach 5.74 million tons by 2026. Future Market Insights (FMI), in an upcoming market research study, brings to fore both macro- and microeconomic factors that will shape the growth curve of the global Sodium Chlorate market. The report offers detailed insights on the Sodium Chlorate market through an extensive analysis of key growth drivers, latest trends, potential challenges, and revenue growth prospects based on historical data.
Crucial information and forecast statistics, in terms of value and volume, covered in the Sodium Chlorate market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis
The recent outbreak of the COVID-19 has adversely affected various markets in the chemicals & materials industry. The Sodium Chlorate market is no different. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential chemicals and raw materials faced a sharp decline in demand.
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Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Sodium Chlorate market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Sodium Chlorate market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Sodium Chlorate Market: Segmentation
Valuable information covered in the FMI’s Sodium Chlorate market report has been segregated into key segments and sub-segments.
On the basis of application, the global sodium chlorate market can be categorized as:
- Bleaching agent
- Oxidizing agent (chemical synthesis)
On the basis of form, the global sodium chlorate market can be segmented into:
- Crystalline form
- Solution form
On the basis of end-use industry, the global sodium chlorate market can be segmented into:
- Paper and Pulp Industry
- Chemical Industry
- Aerospace and Marine
Sodium Chlorate Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Sodium Chlorate market. Competitive information detailed in the Sodium Chlorate market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Sodium Chlorate market report.
Key players covered in the report include:
- Akzo Nobel N.V. (Eka Chemicals),
- Kemira, ERCO Worldwide,
- Chemtrade (Canexus),
- Tronox Limited,
- Ercros S.A
Important Questions Answered in the Sodium Chlorate Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Sodium Chlorate market been expanding during the forecast period?
- How will the global Sodium Chlorate market look like by the end of the forecast period?
- What innovative strategies are adopted by Sodium Chlorate market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Sodium Chlorate market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Sodium Chlorate market