ACCESS Newswire
24 Sep 2020, 18:32 GMT+10
Prominent players in the sodium chlorate market are focusing on acquisitions and are collaborating with key paper & pulp manufacturers to strengthen their foothold.
ROCKVILLE, MD / ACCESSWIRE / September 24, 2020 / The sodium chlorate market is projected to grow at a moderate CAGR of 3.7% in terms of value through the period of forecasting between 2020 and 2030. The report suggests that the growth of the market is primarily driven by continual demand for sodium chlorate in the chemical and paper & pulp industries, where it is used as a low-cost oxidizing agent and bleaching agent, respectively. On the other hand, the outbreak of COVID-19 has brought the operations in the end-use industries to a screeching halt, leading to a downfall in demand for sodium chlorate.
'Growing trend of eco-friendly techniques in paper production processes is expected to give a boost to sodium chlorate as a bleaching agent, while the overall demand for superior-quality paper in different applications will continue to drive the market on a positive growth trajectory,' says the Fact.MR report.
Request a report sample to gain comprehensive market insights at
https://www.factmr.com/connectus/sample?flag=S&rep_id=2357
Sodium Chlorate Market - Key Takeaways
Sodium Chlorate Market - Driving Factors
Sodium Chlorate Market - Constraints
Anticipated Market Impact by Coronavirus Outbreak
The unprecedented outbreak of COVID-19 is adversely impacting the growth trajectory of the global sodium chlorate market as the operations in the chemical and paper & pulp sectors - the largest end-use industries - come to a curt halt. Repercussions of the pandemic such as travel restrictions and supply chain disruptions have severely affected the trade activities in Asia Pacific, the epicenter of the initial outbreak in the first quarter of 2020. With the consequential implementation of lockdown in major Asian economies, the downtrend prevailed through the second quarter as well, significantly affecting the overall growth of the market.
Explore the global Sodium Chlorate Market with 113 figures, 90 data tables, along with the table of contents of the report. You can also find detailed segmentation on https://www.factmr.com/report/2357/sodium-chlorate-market
Competition Landscape
The key players operating in the sodium chlorate market include, but not limited to, Arkema S.A, Nouryon, Kemira Oyj, Tronox, Lantai Industry, Shree Chlorates, ERCO Worldwide, and Chemfab Alkalis Limited. Market players are opting for organic approaches such as acquisitions to expand their business. On these lines, in 2020, Kemira has completed the expansion of its sodium chlorate production in South Carolina, the United States.
More on the Report
The FACT.MR's market research report provides in-depth insights into the sodium chlorate market. The market is scrutinized on the basis of type (crystalline, amorphous), application (bleaching agents, herbicides, oxidizing agents, other applications), and end-use industry (paper & pulp industry, chemical industry, mining industry, other end-use industries), across seven major regions (North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan, and the Middle East & Africa).
Explore Wide-ranging Coverage of FACT.MR's Chemicals & Materials Landscape
Perchloroethylene Market: Find insights on the perchloroethylene market with analysis of segments, statistics, influencers, market players, and business strategies adopted over a 10-year forecast period.
Trichloroethylene Market: FACT.MR's report on the trichloroethylene market offers insights on the market during 2020-2030, including restraints, revenue sources, market leaders, and market strategies.
Automotive Lightweight Material Market: Read an analysis of the Automotive Lightweight Material market forecast with insights on growth factors, opportunities, restraints, regional market forecast, regulatory policies, and strengths of market leaders.
About Fact.MR
Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. Fact.MR is headquartered in Dublin, and has offices in Dubai. FACT.MR's latest market research reports industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: [email protected]
Web: https://www.factmr.com/
PR- https://www.factmr.com/media-release/1656/global-sodium-chlorate-market
SOURCE: FactMR
Get a daily dose of Nashville Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nashville Herald.
More InformationIn the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...