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(Construction.IndustryNews247.Com, August 30, 2018 ) Industry Outlook and Trend Analysis
The global Sodium Chlorite Market was worth USD 132.45 billion in 2014 and is expected to reach approximately USD 228.18 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.23% during the forecast period. Rising demand for the chemical in wastewater treatment and water filtration applications inferable from its biocidal and antimicrobial properties is foreseen to fuel the interest for sodium chlorite over the estimate time frame. The business has the existence of countless and medium scale makers, which are fundamentally situated in China. Sodium chlorite costs change over the business grades with 80% concentrated being the highest expended review among all. Raw material and operational and transportation cost are the key components characterizing the last estimation of the products.
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Application Outlook and Trend Analysis
Rising interest for antimicrobial operators in the food processing sector to enhance the time span of usability of packaged products is foreseen to positively affect industry development. An acidic type of the substance does not hamper the healthful nature of sustenance in this manner driving its application in food & beverage applications. The interest for the compound as a blanching specialist is foreseen to develop at a significant CAGR in the following years, inferable from its predominant oxidizing properties.
End User Outlook and Trend Analysis
The chemical finds an extensive variety of usage scope in pulp & paper, electronics, fertilizer, textiles, water treatment, and electronics. The developing interest for the synthetic to create chlorine dioxide at pulp preparing and material bleaching plants is foreseen to drive the business development throughout the following years. The rising demand for the product in paper industry remained for USD 242 million in 2016 and is anticipated to develop significantly in the following years.
Regional Outlook and Trend Analysis
In 2016 Asia Pacific was the biggest market investor of the worldwide sodium chlorite market, representing 38.7% of the general market income in 2016. The rising pulp & paper industry application in the locale is anticipated to boost the market. The market in North America is foreseen to be driven by high usage levels of sodium chlorite for water treatment. The usage of the synthetic in Europe is high when contrasted with the residential generation. The request in the area was USD 30.85 million in 2016, which was fundamentally met through the imports from Asian producers.
Competitive Insights
The market is extensively competitive with the existence of leading players like Alfa Aesar, ABI Chemicals LLC, Sigma, CONIER CHEM AND PHARMA, DuPont, ERCO Worldwide Inc, Finetech Industry Limited, Jalor Chem and Oxy Chemical Corp.
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The Sodium Chlorite Market is segmented as follows-
By Application:
Antimicrobial agent
Bleaching agent
Disinfectant
Others
By End User:
Paper
Medical
Water treatment
Textile
Others
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
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