Thursday, December 16, 2021

Sodium Chlorite Market Main Top Players, Analysis and Forecast To 2024

Latest Research Report on Sodium Chlorite Market begins with a deep introduction and then delves broad into specific segments such as raw material, application, end user, and region, policy study, value chain structure, and upcoming trends in particular segments or regions. The report on Sodium Chlorite prepares a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.

 

Global Sodium Chlorite Market size is expected to reach USD 256.4 million by 2025. Sodium chlorite is a chemical compound with a formula “NaClO2”. It is a white crystalline and odor less powder, which is used in the production of chlorine dioxide. It is commonly known as “sodium salt”. It completely dissolves in water and slightly soluble in methanol & ethanol. Sodium chlorite is used for water disinfection and purification, bleaching agent, weed control, and others.

 

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Also, combination of sodium chlorite and zinc chloride is used as a component in toothpaste, mouthwash, sprays and gels. The compound is hard to burn, but accelerates the burning of organic constituents. It is available in two forms like liquid and pellets large crystals. The sodium chlorite industry is expected to register a CAGR of 6.0% over the forecast period as the scope, product types, and its applications are increasing across the world.

 

The increasing demand for sodium chlorite from various industries like healthcare and sanitation due to its excellent disinfectant, antimicrobial, and bleaching properties and growing urban population that increases use of sodium chlorite for water purification are major factors expected to boost the sodium chlorite market growth in the future period. However, increasing cost of raw material, stringent government rules & regulations regarding the use of sodium chlorite, and availability of alternatives such as hydrogen peroxide & ozone used for pulp bleaching are expected to restrain the sodium chlorite industry in the forecast period. The sodium chlorite market is categorized based on application, end-use and geography.

 

Application that could be explored in sodium chlorite industry includes antimicrobial agent, disinfectant, bleaching agent, and others. The demand for sodium chlorite as a bleaching agent is expected to grow at a CAGR of 4.6% in the forthcoming years due to its superior oxidizing properties. Also, growing demand for sodium chlorite as antimicrobial agents in the food processing industry to enhance the shelf life of packaged products is anticipated to have a positive impact on market growth in the forecast period.

 

The key players operating in the sodium chlorite market are DuPont, Occidental Petroleum Corporation (OxyChem), ERCO Worldwide, American Elements, Alfa Aesar, AngeneChembo Pharma, ABI Chemicals, AOK Chem, Erco Worldwide, J and K Industry, Fintech Industry, Santa Cruz Biotechnology, Sigma Aldrich, Shanghai IS Chemical Technology, Tractus Co. Ltd., JalorChem, and OxyChem. These market players strongly invest in the expansion of their business and development to maintain a top position in the market. Also, these players concentrating on new joint ventures, collaborations, agreements, and strategies to improve their production facilities and gain a larger share in the market.

 

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