Sodium Perchlorate Market - Forecast(2024 - 2030)

Sodium Perchlorate Market size is forecast to reach $XX billion by 2025, after growing at a CAGR of XX% during 2020-2025. Sodium perchlorate is a white sand-like solid. It is used in explosives, jet fuels, and other chemicals. It is also used in the mining industry to extract vanadium and uranium. Additionally, sodium chlorate is used as a catalyst because it releases oxygen during decomposition. Sodium perchlorate is widely used in the preparation of chlorine dioxide, an eco-friendly bleaching agent used in the paper & pulp industry. The increasing usage of sodium perchlorate in these applications is supporting market growth. In addition, increasing usage in DNA extraction and molecular biology due to the less time-consuming extraction process coupled with few hazards to the technician is also driving the market.

The report: “Sodium Perchlorate Market– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Sodium Perchlorate Industry. 

By Type: General Grade, ACS Reagent Grade, AAS Reagent Grade, Technical Grade and others.

By Application: Laboratory Applications, Explosive Industry, Chemical Industry, Medical, Military, Transportation and others.

By Geography: North America, South America, Europe, APAC, and RoW.

The chemical industry held the largest share in 2019 and is growing at a CAGR of XX%, owing to the high demand for sodium perchlorate in various specialty chemicals. Sodium perchlorate is widely utilized as a bleaching agent in the manufacture of eco-friendly and high-quality white paper. The demand for sodium perchlorate is therefore projected to be high in the chemical industry over the forecast period. Increasing trends in the use of environmentally friendly paper processing methods are expected to increase demand for sodium perchlorate as a bleaching agent in the near future. Sodium perchlorate is also employed in metal surface treatment applications in construction, automotive, industrial equipment, medical, and aerospace sectors. Sodium perchlorate has also emerged as an effective defoliant in the agriculture industry. According to the Food and Agriculture Organization, around 90% of growth in global crop production is likely to come from higher yields and increased cropping intensity.

Asia-Pacific held the largest share in the Sodium Perchlorate market in 2019 up to 30%, this is mainly attributed to a gradual rise in sodium perchlorate demand from pulp & paper and chemical industries in countries including India and China. For instance, rising applications in the pulp & paper industry, such as digital image printing, social books, flex printing, and other forms of keepsakes, are growing, which is likely to increase demand for paper in the form of packaging.  According to the International Congress and Convention Association (ICCA), Asia Pacific chemical industry contributed a total of $2.6 trillion to the total GDP in 2017, of which $1.5 trillion GDP was in China alone. These trends will result in propelling product demand and will contribute significantly to the market size during the forecast timeframe.

Sodium perchlorate, especially in the paper & pulp industry, is one of the extensively used chemicals around the globe. One of the main factors driving the global sodium perchlorate market is a rise in demand for paper and pulp. Sodium perchlorate is used in the on-site processing of chlorine dioxide, a primary bleaching agent used in the wood pulp bleaching technique of Elemental Chlorine Free (ECF). Over the last few years, consumer demand for superior-quality wrapping paper, tissue paper, and craft paper has increased among customers. This is likely to provide the global sodium perchlorate market with lucrative opportunities during the forecasting period. Moreover, convenient accessibility, easy storage and cost-effectiveness of sodium perchlorate are also driving the use of sodium perchlorate in different industries. The rise in demand for sodium perchlorate in dye manufacturing and leather & tanning industries is further estimated to propel the global sodium perchlorate market during the forecast period.

Sodium perchlorate is a powerful oxidizer that is commonly used in dyes, explosives, pharmaceuticals, paper & pulp, bleaching agents, and cosmetics. In addition, sodium perchlorate exposure can lead to adverse health effects. Sodium perchlorate can cause dizziness, pain in the stomach, heart problems, and blue skin discoloration. It can also cause irritation to the throat, nose, and lungs. A list of sodium perchlorate side effects, such as danger types, acute symptoms, prevention, and first aid, was introduced by the Center for Disease Control and Prevention (CDC). Information on the adverse effects of sodium perchlorate and protective steps has been offered by regulatory bodies in the US and Europe. The adverse health effects of sodium perchlorate are therefore expected to hamper the global market for sodium perchlorate during the forecast period. 

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Sodium Perchlorate Market. In 2019, the market of Sodium Perchlorate Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Sodium Perchlorate market includes EMD Chemical, Oakton, PerkinElmer, American Pacific, Shree Chlorates, GFS Chemicals, Thermo Fisher, Spectrum Chemical, among others.