Sodium Chlorate Market Size

Sodium Chlorate Market size was valued at USD 3.46 Billion in 2023 and is expected to exceed USD 6.44 Billion by 2036, registering over 4.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of sodium chlorate is assessed at USD 3.62 Billion. The growth of the market can be propelled by the growing paper and pulp industries across the globe. Sodium chlorate is often employed in the production of chlorine dioxide, which is utilized as a bleaching ingredient in the production of bleached pulp. It is estimated that the pulp and paper industry use more than 89% of all sodium chlorate generated globally to manufacture chlorine dioxide, a highly essential ingredient utilized in elemental chlorine-free pulp bleaching.

With the growing demand from end-users, the sodium chlorate market for chemical products is expected to grow in the future. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, the Chemical industry in the U.S. accounted for 16.43% of manufacturing value-added in 2018.