PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503331
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503331
According to Stratistics MRC, the Global Sodium Chlorite Market is accounted for $307.56 million in 2024 and is expected to reach $456.42 million by 2030 growing at a CAGR of 6.8% during the forecast period. An inorganic substance with numerous industrial and medicinal uses is sodium chlorite (NaClO2). It is a crystalline, white solid that dissolves easily in water. Most famously, sodium chlorite is used as a precursor to chlorine dioxide, a potent oxidizing agent that is utilized in water treatment, bleaching, and disinfection procedures. It is used in public health and sanitation because of how well it eradicates bacteria, viruses, and other pathogens. It is also utilized for bleaching in the paper and textile industries. Moreover, sodium chlorite solutions are occasionally applied topically as antiseptics in the medical field.
According to the American Chemical Society, sodium chlorite is a versatile chemical primarily used for the generation of chlorine dioxide, which is highly effective in water purification and disinfection processes.
Demand for water treatment
The demand for sodium chlorite has been driven significantly by the global emphasis on guaranteeing access to clean and potable water. It is especially valued for its part in the production of chlorine dioxide, which is very useful in purging water of dangerous microorganisms, organic pollutants, and bad odors. Additionally, the use of sodium chlorite in municipal and industrial water treatment facilities has increased due to the growing urbanization and industrial activity that has created a greater need for durable water treatment solutions.
Safety and health issues
There are serious health and safety hazards associated with the handling and use of sodium chlorite. It is a potent oxidizer that, when in contact with the skin or eyes, can irritate them severely. Respiratory problems may arise from breathing in its dust or fumes. In addition, there are situations in which a combination of sodium chlorite and flammable materials can explode. Strict handling procedures and personal protective equipment (PPE) are required due to health and safety concerns. Furthermore, this can raise operating costs and prevent the use of PPE in some applications.
Growth in the sanitation and healthcare industries
The demand for potent disinfectants and antiseptics has increased due to the increased emphasis on hygiene and healthcare, especially in light of recent global health crises. Because of its potent antibacterial qualities, sodium chlorite is a useful ingredient in many hygiene and medical products. Moreover, productivity gains in the healthcare industry and rising hygienic consciousness create a strong market for sodium chlorite-based goods.
Disruptions to the supply chain
Natural disasters, geopolitical unrest, trade restrictions, or pandemics can all disrupt the supply chain and affect the sodium chlorite market. Such interruptions may result in a lack of raw materials, production hold-ups, and higher transportation expenses. Meeting market demands and ensuring a steady supply are contingent upon a robust and adaptable supply chain. Additionally, these risks can be reduced by diversifying your supplier base and putting backup plans in place.
The market for sodium chlorite was greatly affected by the COVID-19 pandemic, mainly due to the increased need for sanitizing solutions and disinfectants. Due to sodium chlorite's potent antimicrobial qualities, industries including food processing, water treatment, and healthcare began using it more frequently as global public health measures to stop the virus's spread grew. Moreover, global supply chains were also thrown off balance by the pandemic, which made it difficult to obtain raw materials and transport them, which had an impact on output and distribution.
The Disinfectant segment is expected to be the largest during the forecast period
The disinfectant segment holds the largest market share for sodium chlorite. Sodium chlorite is a highly effective chemical for disinfection and sanitation applications; it is mainly used to make chlorine dioxide. Additionally, the demand for strong and dependable disinfectants has increased in a number of industries, including public facilities, healthcare, and water treatment, as a result of the COVID-19 pandemic. Due to its potent oxidizing qualities, it can effectively eradicate bacteria, viruses, and other pathogens to maintain hygienic conditions.
The Water Treatment segment is expected to have the highest CAGR during the forecast period
Within the sodium chlorite market, the water treatment segment has the highest CAGR. The need for sodium chlorite in water treatment applications has increased dramatically due to the growing emphasis on clean and safe water around the world. The production of chlorine dioxide, an efficient disinfectant that gets rid of dangerous bacteria, organic pollutants, and smells in water supplies, depends on sodium chlorite. Its adoption has been hastened further by ongoing industrialization, urbanization, and strict laws pertaining to water quality standards. Furthermore, the need for effective and dependable water treatment solutions to meet the growing demand for potable and processed water in both developed and developing regions is driving this segment's rapid growth.
The global market for sodium chlorite is dominated by North America. This dominance can be linked to the wide range of industrial uses of sodium chlorite in the area, which include the disinfection of various industries, the treatment of water, and the manufacture of pulp and paper. The demand for sodium chlorite is further fueled by the strict laws controlling environmental standards and water quality in North America, which supports the product's market position. Moreover, the strong growth in this market is attributed to ongoing research in chemical manufacturing processes and technological advancements.
The market for sodium chlorite is expanding significantly in the European region, which has the highest CAGR. The region's strict laws governing water disinfection and purification are the main factors driving this growth. In order to ensure safe drinking water and meet environmental standards, sodium chlorite is widely used in water treatment applications. Additionally, the benefits of sodium chlorite in a variety of industrial applications are also becoming more widely known, and technological developments in chemical manufacturing processes are supporting this growth in the European market.
Key players in the market
Some of the key players in Sodium Chlorite market include Merck KGaA, OxyChem, Arkema, Fengchen Group Co.,Ltd, Dongying Shengya Chemical Co. Ltd., Osaka Soda, Carlit Holdings Co. Ltd, Tata Chemicals Limited, Occidental Petroleum Corporation, Akzo Nobel N.V., Kemira Oyj, ERCO Worldwide, DuPont, Otto Chemie Pvt. Ltd and Parchem Fine & Specialty Chemicals.
In April 2024, Merck KGaA Darmstadt, Germany entered into a licensing agreement with Inspirna, Inc. for ompenaclid (RGX-202), a first-in-class oral inhibitor of the creatine transport channel SLC6A8, and SLC6A8-targeting follow-on compounds. Ompenaclid is currently being evaluated in a Phase II study for the second-line treatment of RAS-mutated (RASmut) advanced or metastatic colorectal cancer (mCRC).
In February 2024, Tata Chemicals Ltd has announced a collaboration with IITB-Monash Research Academy for pioneering research in the perovskite/clean energy domain. This strategic partnership is aimed at advancing sustainable energy transition solutions and fostering cutting-edge innovation in clean energy technologies.
In December 2023, Arkema has signed a 20-year contract with EDF Renewables for the supply of 20 GWh/year of renewable electricity. This partnership will start in 2026 and will cover 70% of Bostik's electricity consumption in France.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.