Sodium Chlorite Market 2018 | Worth 228.18 Billion USD By 2023


Posted June 11, 2018 by CmrSaif

The Global Sodium Chlorite Market was worth USD 132.45 billion in 2014 and is expected to reach approximately USD 228.18 billion by 2023

 
The Global Sodium Chlorite Market was worth USD 132.45 billion in 2014 and is expected to reach approximately USD 228.18 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.23% during the forecast period.

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Industry Outlook and Trend Analysis
Rising demand for the chemical in wastewater treatment and water filtration applications inferable from its biocidal and antimicrobial properties is foreseen to fuel the interest for sodium chlorite over the estimate time frame. The business has the existence of countless and medium scale makers, which are fundamentally situated in China. Sodium chlorite costs change over the business grades with 80% concentrated being the highest expended review among all. Raw material and operational and transportation cost are the key components characterizing the last estimation of the products.

Competitive Insights
The market is extensively competitive with the existence of leading players like Alfa Aesar, ABI Chemicals LLC, Sigma, CONIER CHEM AND PHARMA, DuPont, ERCO Worldwide Inc, Finetech Industry Limited, Jalor Chem and Oxy Chemical Corp.

Application Outlook and Trend Analysis
Rising interest for antimicrobial operators in the food processing sector to enhance the time span of usability of packaged products is foreseen to positively affect industry development. An acidic type of the substance does not hamper the healthful nature of sustenance in this manner driving its application in food & beverage applications. The interest for the compound as a blanching specialist is foreseen to develop at a significant CAGR in the following years, inferable from its predominant oxidizing properties.

End User Outlook and Trend Analysis
The chemical finds an extensive variety of usage scope in pulp & paper, electronics, fertilizer, textiles, water treatment, and electronics. The developing interest for the synthetic to create chlorine dioxide at pulp preparing and material bleaching plants is foreseen to drive the business development throughout the following years. The rising demand for the product in paper industry remained for USD 242 million in 2016 and is anticipated to develop significantly in the following years.

Regional Outlook and Trend Analysis
In 2016 Asia Pacific was the biggest market investor of the worldwide sodium chlorite market, representing 38.7% of the general market income in 2016. The rising pulp & paper industry application in the locale is anticipated to boost the market. The market in North America is foreseen to be driven by high usage levels of sodium chlorite for water treatment. The usage of the synthetic in Europe is high when contrasted with the residential generation. The request in the area was USD 30.85 million in 2016, which was fundamentally met through the imports from Asian producers.

The Sodium Chlorite Market is segmented as follows-

By Application:
Antimicrobial agent
Bleaching agent
Disinfectant
Others

By End User:
Paper
Medical
Water treatment
Textile
Others

By Region
North America
U.S
Canada
Mexico

Europe
Germany
France
UK
Italy
Spain
Rest of Europe

Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific

Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others

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Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

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Issued By SAIF
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Last Updated June 11, 2018