The Latest Sodium Chlorate Industry Statistics Explained
The global Sodium Chlorate market was valued at around USD 2.1 billion in 2020.
The statistic that the global Sodium Chlorate market was valued at around USD 2.1 billion in 2020 indicates the total monetary worth of Sodium Chlorate sales worldwide during that year. This value suggests the level of demand and economic significance of Sodium Chlorate as a chemical product on a global scale. The market value reflects the total revenue generated from the sale of Sodium Chlorate across various industries such as pulp and paper, water treatment, and chemical manufacturing. The figure of USD 2.1 billion serves as a key indicator for industry stakeholders, policymakers, and investors to understand the market’s size, growth potential, and competitive landscape in the Sodium Chlorate sector.
The Sodium Chlorate market is projected to grow at a CAGR of approximately 4% from 2020 to 2027.
This statistic indicates that the Sodium Chlorate market is expected to experience a Compound Annual Growth Rate (CAGR) of around 4% between the years 2020 and 2027. This suggests a consistent and steady increase in market size and demand for Sodium Chlorate over the specified time period. A 4% CAGR implies that the market is predicted to grow by an average of 4% per year, reflecting positive trends and opportunities for businesses operating within the Sodium Chlorate industry. Such growth projections can be valuable for decision-making processes, strategic planning, and investment considerations in relation to the Sodium Chlorate market.
North America held the largest share in the global Sodium Chlorate market in 2019.
The statistic ‘North America held the largest share in the global Sodium Chlorate market in 2019’ means that, among all regions worldwide, North America had the highest proportion of the market for sodium chlorate in the year 2019. This indicates that North America was a dominant player in the sodium chlorate industry compared to other regions. Factors such as production capacity, demand, consumption patterns, and market dynamics in North America contributed to its leading position in the global sodium chlorate market in 2019. This statistic implies that North America played a significant role in shaping the overall landscape of the sodium chlorate market during that period.
Asia Pacific is one of the fastest-growing regions in the Sodium Chlorate market due to increasing demand for paper.
The statistic highlights that the Asia Pacific region is experiencing rapid growth within the Sodium Chlorate market, attributed to a rising demand for paper products in the region. This indicates a strong correlation between the increasing consumption of paper and the demand for Sodium Chlorate, which is a key chemical used in the bleaching process of paper production. The growth in the paper industry points towards a flourishing economy and a higher standard of living in the Asia Pacific region, which in turn is driving the demand for Sodium Chlorate as a critical input in the production of paper products. This statistic underscores the significant role that the paper industry plays in driving market dynamics within the Sodium Chlorate sector in the Asia Pacific region.
The Chinese Sodium Chlorate market size was valued at USD 521.7 million in 2019.
This statistic indicates that the total value of the Chinese Sodium Chlorate market was estimated to be USD 521.7 million in 2019. This figure reflects the amount of revenue generated by the sales of sodium chlorate within the Chinese market during that year. The market size serves as a key indicator of the industry’s economic importance and provides insights into the overall demand for sodium chlorate in China. Analyzing market size data can help businesses, policymakers, and investors make informed decisions regarding market trends, competition, and potential growth opportunities within the sodium chlorate industry in China.
In 2019, the top three Sodium Chlorate producing companies were Akzo Nobel, Kemira, and Ercros.
The statistic indicates that in 2019, the largest producers of Sodium Chlorate were Akzo Nobel, Kemira, and Ercros. These three companies held the top positions in terms of the quantity of Sodium Chlorate they manufactured during that year. This data highlights their significant influence and leadership within the Sodium Chlorate industry. The ranking suggests that these companies likely have advanced technologies, efficient production processes, and strong market presence in order to produce such large amounts of Sodium Chlorate. Understanding the top producers in an industry can provide valuable insights into market dynamics and competitive landscapes.
In 2017, Canada produced approximately 455,000 metric tons of Sodium Chlorate.
The statistic indicates that in the year 2017, Canada’s production of Sodium Chlorate amounted to around 455,000 metric tons. Sodium Chlorate is a chemical compound commonly used in industries such as paper, textile, and chemical manufacturing. This production figure provides insight into the scale of Canada’s Sodium Chlorate industry during that time period and highlights the country’s role as a significant producer of this chemical. Analysis of this statistic could be used to evaluate trends in Canada’s industrial production, assess the demand for Sodium Chlorate both domestically and internationally, and potentially identify opportunities for growth or improvement within the industry.
Italy reported an increase of 24% in Sodium Chlorate import value between 2018 and 2019.
The statistic indicates that Italy experienced a significant 24% rise in the value of imported Sodium Chlorate between 2018 and 2019. This suggests an increased demand for this chemical compound within Italy during that period. Such an increase in import value could be driven by various factors, including changes in industrial production, regulatory requirements, or market trends. It could also reflect Italy’s reliance on global sources for Sodium Chlorate supply. Overall, this statistic highlights a notable shift in Italy’s import dynamics for Sodium Chlorate and may indicate evolving needs or circumstances within the country’s chemical industry.
The retail price of Sodium Chlorate in India was around 30 INR per kg in 2018.
The statistic indicates that in 2018, the average retail price of Sodium Chlorate in India was approximately 30 Indian Rupees per kilogram. This information provides insight into the cost of this particular chemical product within the Indian market during that time period. It can be useful for industries and businesses that rely on Sodium Chlorate as a raw material or input in their production processes, allowing them to assess and plan for the expenses associated with purchasing this chemical. Additionally, researchers and policymakers may use this data point to analyze pricing trends, monitor inflation rates, or evaluate the competitiveness of the chemical industry in India.
Israel experienced about 180% growth in Sodium Chlorate import volume in 2017.
The statistic that Israel experienced about 180% growth in Sodium Chlorate import volume in 2017 indicates that the amount of Sodium Chlorate imported into the country more than doubled compared to the previous year. This significant increase suggests a substantial rise in the demand or consumption of Sodium Chlorate within Israel during that period. Such growth could be driven by various factors such as increased industrial activities requiring Sodium Chlorate, changes in regulatory policies, shifts in market dynamics, or improved economic conditions contributing to higher import volumes. This statistic provides insights into the evolving trends and dynamics within Israel’s Sodium Chlorate market in 2017.
Chile’s import volume of Sodium Chlorate increased by 3.5% in 2018.
The statistic indicates that Chile imported a higher volume of Sodium Chlorate in 2018 compared to the previous year, with an increase of 3.5%. Sodium Chlorate is a chemical compound commonly used in the production of paper and as a herbicide. The rise in import volume suggests either an increased demand for these products in Chile or a supply-side factor such as a shift in sourcing or pricing. This statistic provides insight into the country’s trade activities and can be indicative of broader economic trends and market dynamics impacting the chemicals industry in Chile.
Japan’s annual Sodium Chlorate production capacity is around 85,000 metric tons.
The statistic that Japan’s annual sodium chlorate production capacity is approximately 85,000 metric tons indicates the total amount of sodium chlorate that Japanese manufacturing facilities are capable of producing within a one-year period. Sodium chlorate is a chemical compound commonly used in the manufacturing of paper, chemicals, and explosives. The production capacity of 85,000 metric tons suggests that Japan has the infrastructure and resources in place to meet the demand for sodium chlorate both domestically and potentially for export purposes. This statistic provides insight into Japan’s industrial capabilities in the chemical sector and highlights the country’s significance in the global sodium chlorate market.
Spanish Sodium Chlorate imports have increased by around 6% since 2017.
This statistic indicates that the amount of sodium chlorate being imported into Spain has risen by approximately 6% from the year 2017 to the present. Sodium chlorate is a chemical compound commonly used in industries such as pulp and paper manufacturing, as well as in the production of herbicides and other chemicals. The increase in imports can be indicative of a growing demand for these products within Spain, suggesting potential expansion and activity in the relevant industries. This upward trend in imports could also reflect changes in supply chains, pricing dynamics, or regulatory environments affecting the trade of sodium chlorate in Spain.
Water treatment contributes around 5% of the overall Sodium Chlorate market.
This statistic indicates that water treatment is a significant player in the Sodium Chlorate market, accounting for approximately 5% of the total market share. Sodium Chlorate is a chemical compound commonly used in various industrial processes, including water treatment to produce chlorine dioxide, a powerful disinfectant. The fact that water treatment contributes significantly to the Sodium Chlorate market suggests that there is a substantial demand for this chemical within the water treatment industry. This statistic highlights the importance of Sodium Chlorate in ensuring safe and clean water for various applications, emphasizing the role of water treatment processes in the broader chemical market.
Capacity expansion stood as a major trend in the Sodium Chlorate industry as of 2019.
The statement suggests that one of the predominant trends in the Sodium Chlorate industry in 2019 was the significant increase in production capacity. This indicates that companies within the industry were investing in expanding their facilities and infrastructure to meet the growing demand for Sodium Chlorate. The decision to expand capacity is often driven by factors such as increasing market opportunities, rising demand from various sectors, or the need to improve operational efficiency and competitiveness. Overall, this trend points towards a positive outlook for the Sodium Chlorate industry in terms of growth and development in 2019.
The Sodium Chlorate market in India is expected to grow at a CAGR of over 5.5% by 2026.
This statistic indicates that the Sodium Chlorate market in India is projected to experience significant growth over the period leading up to 2026, with a Compounded Annual Growth Rate (CAGR) surpassing 5.5%. This suggests that the demand and consumption of Sodium Chlorate within India are expected to steadily increase over the specified time frame. The CAGR is a useful metric for understanding the average annual growth rate of a market, allowing analysts and investors to gauge the potential expansion and opportunities present in the Sodium Chlorate industry in India. This growth forecast may be driven by factors such as increasing applications of Sodium Chlorate in various industries, expanding infrastructure developments, and evolving consumer preferences.
Germany accounts for about 4% of the total world exports of Sodium Chlorate.
The statistic “Germany accounts for about 4% of the total world exports of Sodium Chlorate” indicates that Germany is a significant player in the global sodium chlorate market. With approximately 4% market share, Germany plays a notable role in the international trade of this chemical compound. This suggests that Germany is a key exporter of sodium chlorate, contributing a substantial portion of the total amount being traded worldwide. This statistic highlights Germany’s strong presence in the sodium chlorate industry and its importance as a supplier in the global market.
Conclusion
The sodium chlorate industry statistics provide valuable insights into the market trends, production rates, and global demand for this chemical compound. By analyzing these statistics, businesses can make informed decisions to optimize their operations and stay competitive in the market. Moving forward, continuous monitoring of sodium chlorate industry statistics will be essential for businesses to adapt to changing market conditions and seize opportunities for growth.
References
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7. – https://www.www.globenewswire.com
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