In the Asia-Pacific region, sodium perchlorate prices initially rose in the first quarter due to increased consumption but failed to sustain the momentum as consumer interest waned, and inventories grew. The second quarter showed more stability with consistent demand from the detergent and paper industries, although prices took a downturn in June due to changing energy prices.
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In Europe, the first quarter witnessed a positive price trend with growing demand, primarily driven by the paper and related sectors. The second quarter continued this upward trajectory due to increased feedstock costs, water treatment industry developments, and uncertain trends in crude-based products.
North America experienced rising sodium perchlorate prices in the first quarter, supported by increased sales in detergent and paper industries. The insufficient inventory levels to meet growing demand further boosted prices. The bullish trend continued in the second quarter as demand remained high, and reduced freight charges played a role, with OPEC+ regulations hindering sodium perchlorate supply and contributing to rising prices.
Definition
Sodium perchlorate is a white crystalline solid with the chemical formula NaClO4. It is highly soluble in water and possesses powerful oxidizing properties. Sodium perchlorate can be a strong oxidizer when in contact with flammable substances, making it valuable in various applications. This compound is notably hygroscopic, meaning it readily absorbs moisture from the air. Its hygroscopic nature and ability to dissolve in water have led to its use in pyrotechnics, explosives, and airbag systems. Additionally, sodium perchlorate is employed in the manufacture of perchloric acid, a strong acid commonly used in laboratories and chemical processes.
Key Details About the Sodium perchlorate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sodium perchlorate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sodium perchlorate Price forecast, including India Sodium perchlorate price, USA Sodium perchlorate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sodium perchlorate Price Trend:
Sodium perchlorate finds application in various industrial sectors due to its unique properties. One of its primary uses is in the production of perchloric acid, a strong and versatile acid used in laboratories and chemical processes. In the defense industry, sodium perchlorate is utilized as an oxidizer in the manufacturing of solid rocket propellants. It is also a crucial component in airbag systems, generating gas for rapid inflation in automotive safety mechanisms. Additionally, its oxidizing properties make it valuable in pyrotechnics, fireworks, and explosives. Sodium perchlorate's role extends to water treatment, as it assists in removing specific organic compounds from wastewater.
Key Players:
- EMD Chemical
- PerkinElmer
- Shree Chlorates
- GFS Chemicals
- Thermo Fischer
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