Global Sodium Chlorite Market Size, Share, Price, Trends, Growth,...

Global Sodium Chlorite Market Size, Share, Price, Trends, Growth, Analysis, Report, Forecast 2023-2028

Posted 2023-02-07 10:10:10

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The new report by Expert Market Research titled, ‘Global Sodium Chlorite Market Price, Share, Trend, Size, Growth, 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.

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The key highlights of the report include:

Market Overview (2018-2028)

Historical Market Value (2021): USD 196 Million
Forecast CAGR (2023-2028): 2%
Forecast Market Value (2028): USD 282 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. 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.

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.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/sodium-chlorite-market

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

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.