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The sodium chlorite market share is expected to increase by USD 68.66 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.97%.
This sodium chlorite market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sodium chlorite market segmentation by application (water treatment, paper, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The sodium chlorite market report also offers information on several market vendors, including Airedale Chemical Co. Ltd., Akzo Nobel NV, American Elements, Chemtrade Logistics Income Fund, Dongying Shengya Chemical Co. Ltd., ERCO Worldwide, Ercros SA, Fengchen Group Co. Ltd., Kemira Oyj, Merck KGaA, Occidental Petroleum Corp., OSAKA SODA CO. Ltd., Otsuka Holdings Co. Ltd., Otto Chemie Pvt. Ltd., Parchem Fine and Specialty Chemicals, Shandong Gaomi Gaoyuan Chemical Industry Co. Ltd., Shree Chlorates Pvt. Ltd., Thermo Fisher Scientific Inc., and Tronox Holdings Plc among others.
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The scarcity of water leading to the increasing use of water and wastewater treatment chemicals is notably driving the sodium chlorite market growth, although factors such as the side effects of sodium chlorite may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sodium chlorite industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Sodium Chlorite Market Driver
One of the key factors driving growth in the sodium chlorite market is the scarcity of water leading to the increasing use of water and wastewater treatment chemicals. The growing global stress due to depleting water resources is increasing the demand for water and wastewater treatment chemicals such as sodium chlorite. Lower-than-average rainfalls and increasing global temperature due to global warming are increasing the stress related to the availability of water resources. The water scarcity problem is a huge concern, as water is extensively used for residential and commercial purposes, especially for high-volume industrial water facilities and businesses. Geographically, countries and various states with a huge industrial base and a high population, such as California in the US and Chennai in India, are water-stressed locations, and they continue to struggle when allocating fair amounts of water. These factors are expected to increase the demand for water and wastewater treatment, which, in turn, will increase the consumption of sodium chlorite.
Key Sodium Chlorite Market Trend
The medicinal applications of sodium chlorite is a sodium chlorite market trend that is expected to have a positive impact in the coming years. Sodium chlorite has been promoted as a health supplement and a treatment for various illnesses, such as common cold, arthritis, human immunodeficiency virus (HIV), malaria, cancer, hepatitis, and amyotrophic lateral sclerosis (ALS). However, there is no reliable scientific evidence showing a benefit. A small number of studies have evaluated sodium chlorite in people with ALS, but the results are too preliminary to know if it is beneficial. Sodium chlorite has received approval in the European Union as an orphan drug in the treatment of ALS. These drugs are usually used for rare conditions and do not always require proven safety and effectiveness. Thus, applications of sodium chlorite in the pharmaceutical sector are expected to drive the growth of the market.
Key Sodium Chlorite Market Challenge
The side effects of sodium chlorite will be a major challenge for the sodium chlorite market during the forecast period. Contact with sodium chlorite can irritate and burn the skin. Exposure to sodium chloride can irritate the eyes, nose, and throat. Sometimes, it can lead to nose bleeding, hoarseness, and sore throat. Furthermore, inhaling sodium chlorite causes lung irritation, coughing, and shortness of breath. Repeated exposure to sodium chlorite can lead to bronchitis. These side effects negatively impact the demand for sodium chlorite, which will hamper the growth of the global sodium chlorite market.
This sodium chlorite market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global sodium chlorite market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sodium chlorite market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the sodium chlorite market encompasses successful business strategies deployed by the key vendors. The sodium chlorite market is fragmented and the vendors are deploying growth strategies such as strategic partnerships and joint ventures with small and medium enterprises to compete in the market.
akzonobel.com - The company offers sodium chlorite through its subsidiary Akzo Nobel Salt AS.
akzonobel.com - Through the decorative paints segment, the company offers paints, lacquers, and varnishes along with mixing machines and color concepts for the building and renovation industry
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The sodium chlorite market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the sodium chlorite market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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38% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for sodium chlorite in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The stringent environmental regulations imposed by government agencies due to water security issues will facilitate the sodium chlorite market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, COVID-19-induced lockdowns led to unmet demand for sodium chlorite due to hindrance in manufacturing operations and supply chain disruptions, which hindered the growth of the regional market. However, in Q4 2020 and H1 2021, the vendors of sodium chlorite in the region started resuming their operations with proper social distancing and sanitization norms owing to progressing vaccination drives in the region.
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The sodium chlorite market share growth by the water treatment segment will be significant during the forecast period. The increasing water scarcity and the rising cost of water promote water recycling and reuse, thereby driving the demand for chlorine to treat recycled water and water recirculation through closed-loop systems. The demand for fresh water around the globe has been increasing continuously at a rapid pace. The increase in the demand for fresh water around the globe is primarily due to increasing urbanization, growing population, and constant economic growth.
This report provides an accurate prediction of the contribution of all the segments to the growth of the sodium chlorite market size and actionable market insights on post COVID-19 impact on each segment.
Sodium Chlorite Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.97% |
Market growth 2022-2026 |
$ 68.66 million |
Market structure |
Fragmented |
YoY growth (%) |
4.62 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 38% |
Key consumer countries |
US, Canada, China, Japan, Germany, and Brazil |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Airedale Chemical Co. Ltd., Akzo Nobel NV, American Elements, Chemtrade Logistics Income Fund, Dongying Shengya Chemical Co. Ltd., ERCO Worldwide, Ercros SA, Fengchen Group Co. Ltd., Kemira Oyj, Merck KGaA, Occidental Petroleum Corp., OSAKA SODA CO. Ltd., Otsuka Holdings Co. Ltd., Otto Chemie Pvt. Ltd., Parchem Fine and Specialty Chemicals, Shandong Gaomi Gaoyuan Chemical Industry Co. Ltd., Shree Chlorates Pvt. Ltd., Thermo Fisher Scientific Inc., and Tronox Holdings Plc |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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