Sodium Chlorite Market is Anticipated To Rise at a CAGR of 6.0% from 2017 to 2025
Superior antimicrobial, bleaching and disinfectant properties offered by the product is expected to drive its demand in water treatment, pulp & paper, medical and textile applications.
(firmenpresse) - The global sodium chlorite market is expected to reach USD 256.4 million by 2025, growing at a CAGR of 6.0%, according to a new report by Grand View Research, Inc. Superior antimicrobial, bleaching and disinfectant properties offered by the product is expected to drive its demand in water treatment, pulp & paper, medical and textile applications.
Sodium chlorite manufacturers compete on the basis of product price, grades, and their global reach. Chinese companies are the price settlers for the product as the region dominates the production in the world. Increasing raw material prices coupled with competitive pricing in the industry are expected to hamper the profit margins for the players.
The product has been labelled as a hazardous material under USDOT regulations (49 CFR) and has to adhere to all 49 CFR regulations, which makes the shipping of the chemical an expensive proposition. Thus, shipping smaller quantities of the product is not a cost-effective practice, which compels manufacturers to trade their products in bulk quantities.
Access Research Report of Sodium Chlorite Market
Further key findings from the report suggest:
The demand for the chemical as a disinfectant was valued at USD 92.7 million in 2016, and is expected to grow over the projected to period, owing to its increasing penetration in water treatment and medical application
Water treatment was the largest application for the product accounting for 53.2% of the overall demand in 2016. Excellent biocidal and antimicrobial properties associated the product is expected to propel its demand in water treatment application
The demand for the product in textile industry is expected to grow at a CAGR of 6.3% from 2017 to 2025, owing to its emergence as an excellent source for chlorine dioxide, which is a key bleaching agent required during fabric manufacturing
Asia Pacific dominated the industry accounting over 75% of the global production, with China being the largest producer in the region. Rapid growth of domestic pulp & paper and water treatment industries in the region is expected to surge domestic consumption
North America is expected to witness a growth of 5.4% from 2017 to 2025 owing to rising government focus to improve water and wastewater treatment processes in the region
OxyChem dominates the industry in the North America, as it the only producer of the chemical in the U.S. The company owns manufacturing facility for the product in Wichita, Kansas, wherein they produce both solid and liquid grades of the product
The key players involved include DuPont, ERCO Worldwide, Occidental Petroleum Corporation (OxyChem) and American Elements
Grand View Research has segmented the global sodium chlorite market on the basis of application, end-use and region:
Application Outlook (Volume, Tons; Revenue, USD Thousands, 2012 - 2025)
Disinfectant
Antimicrobial agent
Bleaching agent
Others
End- Use Outlook (Volume, Tons; Revenue, USD Thousands, 2012 - 2025)
Water treatment
Paper
Textile
Medical
Others
Regional Outlook (Volume, Tons; Revenue, USD Thousands, 2012 - 2025)
North America
Europe
Asia Pacific
Central & South America
Middle East
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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Datum: 26.09.2019 - 11:57 Uhr
Sprache: Deutsch
News-ID 599614
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