Qatar Sodium Chlorite Market, By Type (Dry and Liquid), Process (Reduction and Electrolysis), Application (Disinfectant, Bleaching Agent, Antimicrobial Agent, Odor Control, and Others), End Use (Water Treatment, Textile, Paper, Medical, and Others) - Industry Trends and Forecast to 2030.
Qatar Sodium Chlorite Market Analysis and Size
The Qatar sodium chlorite market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyzes that the market is growing with a CAGR of 4.8% in the forecast period of 2023 to 2030 and is expected to reach USD 3,864.32 thousand by 2030. The major factor driving the market growth is the rising consumption in the paper and textile industry.
The Qatar sodium chlorite market report provides details of market share, new developments, and the impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015 -2020)
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Quantitative Units
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Revenue in USD Thousand, Volume in Tons, Average Selling Price in USD per kg
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Segments Covered
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By Type (Dry and Liquid), Process (Reduction and Electrolysis), Application (Disinfectant, Bleaching Agent, Antimicrobial Agent, Odor Control, and Others), End Use (Water Treatment, Textile, Paper, Medical, and Others)
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Country Covered
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Qatar
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Market Players Covered
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Carl Roth, Dubichem, Occidental Petroleum Corporation, and Spectrum Chemical among others
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Market Definition
Sodium chlorite (NaClO2) is a chemical compound composed of sodium (Na+) and chlorite (ClO2) ions. It is a white crystalline powder that is highly soluble in water. It is primarily used for its oxidizing properties and has various applications in industries such as water treatment, pulp and paper, textile, and chemical synthesis.
Qatar Sodium Chlorite Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Rising Consumption in the Paper and Textile Industry
The process of decolorizing materials or whitening materials by removing the natural color and making them compatible with the effective absorption of dyes or other liquids involved in the production process is called bleaching and the chemicals involved are known as bleaching agents. Sodium chlorite has the chemical characteristics to act as an oxidative bleaching agent, so it is used as a bleaching agent in various industries such as textiles and paper manufacturing. As the textile and paper industries markets are constantly growing, the increasing usage of sodium chlorite in their production process is expected to drive market growth.
- Rising Demand for Sodium Chlorite for Water Treatment
Chlorine dioxide, which is produced from sodium chlorite, is a powerful oxidizing agent. Because of its selective reactivity, it is useful in many water treatment applications where chlorine and other oxidizing agents are ineffective. The majority of sodium chlorite is used in the production of aqueous chlorine dioxide solutions at the manufacturing unit. This conversion can be accomplished through the disproportionation of chlorous acid formed from chlorite in aqueous hydrochloric acid solution, but it is more commonly accomplished through the oxidation of chlorite by chlorine or hypochlorous acid.
Chlorine dioxide is created by activating sodium chlorite with an oxidizing agent or acid, and it is used as an oxidant and disinfectant. It is also used to control hydrogen sulfide odors in wastewater treatment. Thus, the rising use of wastewater treatment is expected to drive market growth.
Opportunities
- The Increasing Growth of the Healthcare and Sanitation Industry
The awareness of customers towards healthcare and sanitation has increased very evidently post-COVID as people are more health conscious as compared to any time. This increased awareness of the customers has made the manufacturers invest more in R&D and the production of more healthy and sanitized products. Sodium chlorite has many applications in the healthcare and sanitation industries. This application creates a wide scope in terms of R&D and provides an opportunity for sodium chlorite manufacturers to expand their market scope.
- Growing Demand in the Food Processing Industry
The awareness towards healthy food consumption and selection of least chemically used food products is increasing because of the increase in adulteration and chemicals involved in the products available in the market. Though the need for chemical-free foods is high, it is practically impossible to attain that because of the available demand for food products in the market. Sodium chlorite has a high potential in the food processing industry. With the increase in the required investment in R&D and effective product formulation, the food processing applications provide an opportunity for the manufacturers of sodium chlorite to increase their market scope.
Restraints/Challenges
- The Availability of Various Substitutes in the Market
Sodium chlorite is a chemical or an oxidizing agent that is applicable in many industrial sectors such as textiles, paper production, water treatment, and food preservation. Irrespective of the product, everything is said to have a substitute in the market as there will always be a similar product in the market. Hydrogen peroxide and chloramine are traditionally established substitutes for sodium chlorite, and the availability of these substitutes is expected to restrain market growth.
- The Volatility in the Price of Raw Materials Involved in the Sodium Chlorite Production
The manufacturing process in any sector is highly dependent on the price of raw materials. Any change in the price of raw material has a direct impact on the product cost, which in turn, affects the market for the respective product as customers will be looking for cheaper alternatives. When the volatility of the raw materials is higher, then there is a chance of fluctuation in the product cost.
The price of petroleum-based by-products is volatile because of various reasons such as demand and supply, geo-political situation, policies of petroleum-producing nations, and others. As most of the raw materials of sodium chlorite are petroleum-based materials or involve high-risk manufacturing procedures, the constant fluctuation of the petroleum price around the globe can affect the product price and product cost of sodium chlorite. In addition, if the raw material price is increasing then it will increase the sodium chlorite product cost. Thus, the fluctuation in the prices of raw materials is expected to pose a challenge to market growth.
Recent Development
- In June 2022, Occidental Petroleum Corporation and Manulife Investment Management signed a leasing agreement for over 27,000 acres of timberland in Western Louisiana, according to 1PointFive, a division of Occidental. To build and run a carbon sequestration hub and permanently store industrial carbon emissions, the agreement grants 1PointFive access to subsurface pore space and surface rights. In 1PointFive's strategic plan to create carbon capture and sequestration centers, the lease agreement is a crucial stage. Some of these hubs are anticipated to be supported by Direct Air Capture installations.
Qatar Sodium Chlorite Market Scope
The Qatar sodium chlorite market is segmented into four notable segments based on type, process, application, and end use. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Dry
- Liquid
On the basis of type, the market is segmented into dry and liquid.
Process
- Reduction
- Electrolysis
On the basis of process, the market is segmented into reduction and electrolysis.
Application
- Disinfectant
- Bleaching Agent
- Antimicrobial Agent
- Odor Control
- Others
On the basis of application, the market is segmented into disinfectant, bleaching agent, antimicrobial agent, odor control, and others.
End Use
- Water Treatment
- Textile
- Paper
- Medical
- Others
On the basis of end use, the market is segmented into water treatment, textile, paper, medical, and others.
Competitive Landscape and Qatar Sodium Chlorite Market Share Analysis
The Qatar sodium chlorite market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the market.
Some of the major market players operating in the Qatar sodium chlorite market are Carl Roth, Dubichem, Occidental Petroleum Corporation, and Spectrum Chemical among others.
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