Global Sodium Chlorite Market By Type (Liquid Sodium Chlorite, Solid Sodium Chlorite, By Application (Water Treatment, Textile Application, Pulp Application, Metal Surface Treatment), By Region, And S...

It has been analyzed according to several reports that the sodium chlorite market is expected to reach USD 380.68 million by 2031, which is USD 215.98 million in 2022, registering a CAGR of 6.50% during the forecast period of 2022 to 2031. 

Drivers:

Water Treatment Demand:

The growth of the world market for sodium chlorite is mainly driven by the increased demand for water purification solutions in different industries. Therefore, its markets growth is supported i.e. it’s utilized in municipal water treatment, industrial water purification, and wastewater treatment subsectors as a disinfectant and oxidizing agent during water treatment procedures.

Pulp and Paper Industry:

Sodium chlorite use is extended to the production of high-quality paper products via bleaching processes, therefore, upholding pulp and paper industry growth as a significant need. The increasing demand for paper and paperboard products will assist the sodium chlorite market in developing.

Restraints:

Health and Environmental Concerns:

If not handled properly, sodium chlorite may have health and environmental consequences. It releases hazardous chlorine dioxide gas that is harmful to humans and the surrounding environment. Hence, the market could be influenced by regulatory agencies and general awareness among the population that these dangers exist(strictly related to the health implications associated with its usage).

Availability of Substitutes:

This blog post looks into possible alternatives to using sodium chlorite as the sole agent in both water treatment and bleaching of paper, scouring of wool, and other fabrics. Such options can be seen as inhibitors of the expansion of the market for sodium chlorite, because industries are interested in finding solutions for this that are more sustainable.

Opportunities:

Growing demand of sodium chlorite for the wastewater treatment

Conserving fresh water and treating the wastewater to supply the fresh water is being in focus, of many economies and government authorities, nowadays. Treatment of wastewater is a necessary task as the demand for drinking or fresh water has grown faster. Growing demand for the urgency of treating wastewater and drinking water across the globe is expected to create more and new opportunities for the growth of the market during the forecast period. For instance, India constructed a largest sewage treatment plant in May 2019, at Okhla. This plant will be capable of treating 124 million gallons of wastewater every day and will come up at a price of Rs 1,161 crore in three years.  

Market by System Type Insights:

The global sodium chlorite market is segmented by system type into liquid and solid forms, and each of them cater to specific applications across various industries. Liquid sodium chlorite is mainly used for water treatment, disinfection, and bleaching as it can easily and rapidly handle solubility, making it a preferred choice for municipal water treatment facilities and the textile industry. Solid sodium chlorite, which often comes in powder or granular form, finds extensive use in specific applications such as paper and pulp processing, medical uses, and as a precursor for chlorine dioxide production. The demand for sodium chlorite is highly driven by its versatile use in sanitation and hygiene, environmental regulations, and its advantage as an antimicrobial agent, which is crucial in sectors like food processing and healthcare. The market dynamics are influenced by technological advancements, regulatory frameworks, and regional industrial growth, with North America and Asia-Pacific regions being prominent players due to their robust industrial bases and stringent environmental policies.

Market by End Use Insights:

The global sodium chlorite market is segmented by end-use industries, including water treatment, textiles, pulp and paper, medical, and others. Water treatment is a significant segment due to the compound's effectiveness in disinfecting and purifying water, driving its demand in municipal and industrial applications. The textiles industry also sees substantial use of sodium chlorite for bleaching and dyeing processes, ensuring fabric quality and color consistency. In the pulp and paper industry, sodium chlorite is employed for bleaching paper pulp, enhancing the whiteness and brightness of the final product. Additionally, the medical sector utilizes sodium chlorite in pharmaceuticals and for sterilizing medical equipment. The market growth is influenced by rising environmental regulations, increased demand for clean water, and the expanding need for high-quality textiles and paper products.

Market by Region Insights:

The global sodium chlorite market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The global sodium chlorite market has experienced significant growth with Asia Pacific emerging as the dominant region. The APAC region holds a prominent position in the global sodium chlorite market due to its vast industrialization, manufacturing activities, and water treatment applications. Countries like China, India, and Japan have a significant demand for sodium chlorite, driven by its use in diverse industries such as textiles, paper and pulp, chemicals, and water treatment. Rapid urbanization, infrastructure development, and increasing population contribute to the sustained demand for sodium chlorite-based products, making APAC a dominant player in the market.  

Meanwhile, Europe is witnessing robust growth in the sodium chlorite market, emerging as the fastest-growing segment. This growth is attributed to the increasing emphasis on sustainable practices, stringent regulations on water quality, and the adoption of eco-friendly alternatives in various industries. Sodium chlorite's applications in water purification, textiles, and healthcare align with Europe's focus on environmental consciousness and stringent regulatory frameworks. As the region seeks innovative solutions for water treatment and other applications, the demand for sodium chlorite is projected to grow rapidly, making Europe a significant and rapidly expanding market segment.

Competitive Scenario:

The global sodium chlorite market presents a competitive landscape which is characterized by a mix of established chemical manufacturers and specialized suppliers. Key players in this industry involve companies such as Arkema Group, Sigma-Aldrich (now part of MilliporeSigma), Alfa Aesar (Thermo Fisher Scientific), and Ercros S.A. These companies carry extensive production capabilities and distribution networks, which allow them to cater to diverse industries, including water treatment, textiles, and chemical synthesis. Additionally, the market is experiencing the emergence of smaller players and regional manufacturers offering niche products and focusing on customization to meet specific application demands. Product quality, innovation, pricing strategies, and regulatory compliance are some factors that drive the competition. Moreover, partnerships, collaborations, and acquisitions are prevalent strategies to expand market presence and enhance product portfolios.

Scope of Work:

Market Segmentation:

By type:

• By Physical Form

• By Purity Level

• Additional Considerations

By geography:

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa

By system type:

• Powder Sodium Chlorite

• Liquid Sodium Chlorite

By end use:

• Water Treatment

• Textiles

• Pulp and Paper

• Healthcare

• Food and Beverage

• Agriculture

• Chemical Manufacturing

• Oil and Gas

• Electronics

• Others

Key Developments:

Circle Capital minimized Compass Minerals Global from a "purchase" rating to a "hold" rating in March 2024. They have set an objective cost of $26.00 for the Fundamental Materials organization's stock, brought down from their past objective of $29.00. Circle Capital's cost target recommends an expected potential gain of 10.31% from the ongoing stock cost.

In February 2024, MicroSalt, TekCapital's champion portfolio organization, is set to send off its Initial Public Offering (IPO) on February 1, 2024. This move comes amid a better climate for new organizations contrasted with 2023, with assumptions for decreasing inflation and potential interest rate reductions in the last part of the year.

In March 2024, the pulp and paper industries were seeing the benefits of involving sodium chlorate as both a bleaching agent and a weed killer. This versatile chemical demonstrates helpfulness in further developing the bleaching process for paper production while additionally successfully controlling weeds, adding to upgraded proficiency and efficiency in these enterprises. 

FAQs

Q1. What is the market size of Sodium Chlorite Market?

Sodium Chlorite Market size was valued at USD 215.98 million in 2022 and is poised to grow from USD 230.02 million in 2023 to USD 380.68 million by 2031, growing at a CAGR of 6.50% in the forecast period (2024-2031).

Q2. Who are the key vendors in the Sodium Chlorite Market?

The sodium chlorite market features a competitive landscape characterized by a mix of established chemical manufacturers and specialized suppliers. Key players in the industry include companies such as Arkema Group, Sigma-Aldrich (now part of MilliporeSigma), Alfa Aesar (Thermo Fisher Scientific), and Ercros S.A. These companies possess extensive production capabilities and distribution networks, allowing them to cater to diverse industries, including water treatment, textiles, and chemical synthesis. Moreover, the market is witnessing the emergence of smaller players and regional manufacturers offering niche products and focusing on customization to meet specific application demands. The competition is driven by factors such as product quality, innovation, pricing strategies, and regulatory compliance. Additionally, partnerships, collaborations, and acquisitions are prevalent strategies to expand market presence and enhance product portfolios. 'Alfa Aesar (U.S.)', 'Merck KGaA (Germany', 'Kemira Oyj (Finland)', 'DuPont (U.S.)', 'Akzo Nobel N.V.(Netherlands)', 'Arkema (France)', 'OSAKA SODA (Japan)', 'Carlit Holdings Co., Ltd. (Japan)', 'Parchem Fine & Specialty Chemicals (U.S.)', 'Ercros (Spain)', 'ERCO Worldwide (Canada)', 'Occidental Petroleum Corporation (U.S.)', 'Fengshan Group Co.,Ltd (China)', 'Shandong Gaomi Gaoyuan Chemical Industry Co.,Ltd. (China)'

Q3. What is the key driver of Sodium Chlorite Market?

The sodium chlorite market is driven by the increasing demand for water treatment solutions across various industries. Sodium chlorite is used as a disinfectant and oxidizing agent in water treatment processes, especially in municipal water treatment, industrial water purification, and wastewater treatment, thus supporting its market growth.

Q4. What is the key market trend for Sodium Chlorite Market?

Growing Demand for Water Treatment Applications: One key market trend in the sodium chlorite market is the increasing demand for water treatment applications. Sodium chlorite is utilized as a powerful disinfectant and oxidizing agent in water treatment processes, particularly in the purification of drinking water and wastewater treatment. Its effectiveness in controlling microbial contamination and removing impurities has led to rising adoption in municipal and industrial water treatment facilities worldwide. As concerns about water quality and environmental sustainability heighten, the demand for sodium chlorite for water treatment is expected to continue to grow.

Q5. Which region accounted for the largest share in Sodium Chlorite Market?

The sodium chlorite market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The sodium chlorite market has experienced significant growth with Asia Pacific emerging as the dominant region. The APAC region holds a prominent position in the sodium chlorite market due to its vast industrialization, manufacturing activities, and water treatment applications. Countries like China, India, and Japan have a significant demand for sodium chlorite, driven by its use in diverse industries such as textiles, paper and pulp, chemicals, and water treatment. Rapid urbanization, infrastructure development, and increasing population contribute to the sustained demand for sodium chlorite-based products, making APAC a dominant player in the market.