Sodium Chlorate Market Share

North American Market Statistics

North America industry is poised to dominate majority revenue share of 31% by 2037. The increase in e-commerce activity such as online retail has increased the demand for cardboard packaging throughout the region. In 2021, Canada's paper and paperboard manufacturing capacity was 9.4 million metric tons (air dry). Canada's paper and cardboard manufacturing output is expected to fall to 9.3 million metric tons by 2026. Furthermore, prominent firms are continually concentrating on relentless efforts for production improvements and collaboration-oriented approaches such as acquisitions and collaborations, to expand their product offering and increase their foothold in this region's fiercely competitive landscape.

APAC Market Analysis

The sodium chlorate market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of rapidly growing industrialization in the region. Furthermore, the increased demand for improved engine designs and the introduction of new technologies have resulted in considerable advancements in the automobile business, mostly in industrialized countries. In addition, the strong presence of major market players is also expected to propel the region’s market growth in the near future.