Sodium Chlorite Market is expected to grow at CAGR of 6.2% in the Forecast Period of 2023-2028
The new report by Expert Market Research titled, ‘Global Sodium Chlorite Market Size, Share, Trends, Growth, Price, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global sodium chlorite market, assessing the market based on its segments like end use, application, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Sodium Chlorite Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Value (2020): USD 185 Million
- Forecast CAGR (2023-2028): 2%
- Forecast Market Value (2026): USD 265 Million
Increased demand for surface disinfectants has been noticed in almost all industry verticals following the resurgence of the COVID-19 epidemic, particularly in the medical industry.To limit the spread of infection, all medical equipment and surfaces, including the floor, are sterilised on a constant basis, adding to market demand.
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In addition, increased sensitivity to cleanliness and proper hygiene is leading to an increase in the use of disinfectants at home. These reasons are expected to boost the worldwide sodium chlorite industry’s growth. However, some potential limits, such as sodium chlorite’s high toxicity and the risk of combustion when it comes in touch with organic materials, may limit the global sodium chlorite industry’s overall expansion.
Sodium Chlorite Industry Definition and Major Segments
The chemical compound sodium chlorite is made up of sodium, chlorine, and oxygen. It’s utilised in the production of paper as well as disinfectants. It’s also used for water purification, surface cleaning, and as an antibacterial agent to kill hazardous microbes like those found in seafood. In the textile and paper sectors, it is also used in the bleaching process. It’s also a frequent ingredient in toothpaste and mouthwashes.
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Based on end use, the market covers:
- Paper
- Textile
- Medical
- Water Treatment
Based on application, the market is categorised into:
- Disinfectant
- Bleaching Agent
- Antimicrobial Agent
The major regional markets include:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Sodium Chlorite Market Trends
Sodium chlorite is increasingly being used as an antibacterial agent in the food and beverage industry to sanitise food goods, as it helps preserve them for longer periods of time and enhances their shelf life, such as in seafood, without causing harm to the product. Meanwhile, sodium chlorite-based bleaching chemicals are recognised for their good oxidising capabilities, such as high whiteness and low degradation, which are beneficial in the textile industry’s bleaching process. These variables are expected to play a crucial role in the worldwide sodium chlorite industry’s expansion.
The Asia Pacific region is expected to have a substantial market share of sodium chlorite market over the projection period. The growing use of sodium chlorite in the textile and paper industries in the region is responsible for the market growth in APAC. Another element driving market expansion is the presence of major sodium chlorite factories in the region, as well as the declining groundwater level, which is encouraging governments to seek out better water treatment solutions to meet their water needs.
Key Market Players
The major players in the market are Occidental Petroleum Corporation, ERCO Worldwide, Dongying Shengya Chemical Co. Ltd, Kemira Oyj, Shree Chlorates, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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