Sodium Chlorite Market Is Expected To Reach USD 353.7 Million By 2030


 San Francisco, 20 Aug 2024: The Report Sodium Chlorite Market Size, Share & Trends Analysis Report By Application (Disinfectant, Antimicrobial Agent, Bleaching Agent), By End-use (Water treatment, Paper, Textile), By Region, And Segment Forecasts, 2024 - 2030

 The global sodium chlorite market is expected to reach USD 353.7 million by 2030, growing at a CAGR of 3.6% from 2024 to 2030, 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 @ https://www.grandviewresearch.com/industry-analysis/sodium-chlorite-market

Sodium Chlorite Market Report Highlights

  • The disinfectant segment dominated the market with a revenue share of approximately 41.9% in 2023. Sodium chlorite is widely recognized for its significant role as a disinfectant in various applications, including water treatment, surface disinfection, and industrial processes.
  • The water treatment segment dominated the market with a revenue share of 51.0% in 2023. The compound is widely recognized for its effectiveness in neutralizing and eliminating harmful microorganisms, including bacteria, viruses, and fungi, making it an indispensable component in water treatment facilities.
  • Textile emerged as the fastest growing end use with a CAGR of 4.2%. Sodium chlorite is extensively used in the textile industry as a bleaching agent, offering advantages over conventional chemical treatments by providing a safer and less polluting alternative.
  • Asia Pacific sodium chlorite market dominated globally with a revenue share of 43.1% in 2023. The region's leading position is attributed to the rising pulp & paper industry application, which is expected to drive the market.

Sodium Chlorite Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 285.9 million

Revenue forecast in 2030

USD 353.7 million

Growth Rate

CAGR of 3.6% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

List of Key Players in the Sodium Chlorite Market

  • Alfa Aesar
  • Nanjing Kaimubo Pharmatech Company Limited
  • Shree Chlorates
  • Dongying Shengya Chemical Co., Ltd.
  • Airedale Chemical Company Limited
  • Shandong Gaomi Gaoyuan Chemical Industry Co., Ltd.
  • Debyesci
  • DuPont
  • ERCO Worldwide
  • Finetech Industry Limited
  • Sigma-Aldrich Co. LLC.
  • Occidental Petroleum Corporation
  • Tractus Company Limited
  • American Elements
  • ABI Chem Germany

Access Press Release of Sodium Chlorite Market @ https://www.grandviewresearch.com/press-release/global-sodium-chlorite-market

About Grand View Research

Grand View Research is an India & 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.

For More Information: https://www.grandviewresearch.com/horizon

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