Sodium Chlorate Market will witness a substantial growth by 2025 Sodium Chlorate Market | Página 2

North America, led by Mexico, Canada, and U.S. sodium chlorate market size is
increasing owing to rising demand from paper & paper products. Paper & pulp
companies consume sodium chlorate for the production of chlorine oxide. It is also
used by mining industry as an oxidizing agent for the treatment of ore to extract
vanadium. Therefore, growing demand for treatment of vanadium ore will expand
usage of sodium chlorate during the forecasted period. Regional mining output
surpassed USD 155 billion in 2018 which indicates ample growth opportunities.
Asia Pacific sodium chlorate market size, led by India, China, and Japan is likely to
witness steady growth owing to rising demand for automatic machines to handle
solutions from warehouses and engineering industries, to provide better customer
service efficiency. Global electronic & automation software market size is expected to
surpass USD 14.5 billion by the forecasted period owing to increasing demand for
automation, which should further boost sodium chlorate market demand by 2025.
Global sodium chlorate market size is fragmented with presence of various market
players such as Shree Chlorates, ALDON Corporation, A. B. Enterprises, and Mil-
Spec Industries. Companies are involved in mergers and are increasing their regional
presence by forming alliances with other small players.
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