Press release
Hydroxylammonium Sulfate Market To Increase at Steady Growth Rate
Hydroxylammonium Sulfate Market
Hydroxylammonium sulfate ((NH3OH)2 SO4) is the sulfuric acid salt of hydroxylamine. It is primarily utilized as an easily handled form of hydroxylamine instead of pure hydroxylamine, which is highly combustible.
It is also used in the manufacture of pharmaceuticals, plastics, rubber, anti-skinning agents, textiles, and detergents. Hydroxylammonium sulfate acts as an antioxidant in natural rubber and terminates radical polymerization reactions.
Hydroxylammonium sulfate is used as a starting material to manufacture herbicides, insecticides, and growth regulators. It is employed in photography for color developer’s stabilizer as well as an additive in photographic emulsions in color film. It is also utilized to produce hydroxylamine-O-sulfonic acid from chlorosulfuric or oleum acid.
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Rise in Demand for Agrochemials to Drive the Hydroxylammonium Sulfate market
Rise in demand for rubbers, pharmaceuticals, and agrochemicals is driving the hydroxylammonium sulfate market during forecast period
Significant increase in application of hydroxylammonium sulfate in manufacturing germicides, herbicides, and insecticides across Asia Pacific and Europe is projected to drive the consumption of hydroxylammonium sulfate during the forecast period
Rise in applications in the pharmaceutical industry also boosts the hydroxylammonium sulfate market during the forecast period
Availability of low-cost substitutes is a major factor restraining the hydroxylammonium sulfate market. Volatility in price of raw materials due to lack of availability of proper resources further restricts the market.
The COVID-19 pandemic has put significant obstacles on the chemical production sector, primarily by disrupting the supply chain and logistics. Disrupted raw material supply is projected to hamper full-scale operations. Supply shortage has also fueled the prices of raw material. Industrial shutdowns have also adversely impacted product and inventory transportation, as logistic services have been hampered due to the COVID-19 outbreak. Market players are looking to realign their tactical and strategic moves to circumvent these issues.
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Chemical Grade Segment to Offer Lucrative Opportunities
Based on type, the global hydroxylammonium sulfate market can be segmented into pharmaceutical grade and chemical grade
The chemical grade segment is anticipated to dominate the market due to an increase in the demand for hydroxylammonium sulfate as a chemical intermediates across various end-use industries
Pharmaceutical Segment to Offer Lucrative Opportunities
Based on application, the hydroxylammonium sulfate market can be divided into rubber, plastics, chemical intermediates, textile, agrochemicals, pharmaceuticals, detergents and others
The pharmaceutical segment is expected to offer significant opportunities for the hydroxylammonium sulfate market during the forecast period
Rise in demand for rubbers, plastics, and agrochemicals is expected to further drive the demand for hydroxylammonium sulfate during the forecast period
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Key Players in Market
The global hydroxylammonium sulfate was fragmented in 2019. Manufacturers are focusing on revenue streams from the laboratory consumption of the compound for life sciences industries and agrochemical industries. Several prominent players in the hydroxylammonium sulfate market are focusing on expansion of their production facilities in emerging economies to consolidate their presence in the global market.
Key players operating in the global hydroxylammonium sulfate market include:
BASF SE
TCI Chemicals
BOC Sciences
MP Biomedicals
Capot Chemical
Ube Industries, Ltd.
Jiangshan Taige Chemical Co., Ltd.
Linshu Huasheng Chemical Co., Ltd.
Shandong Xinghui Chemical Co., Ltd.
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Hydroxylammonium sulfate ((NH3OH)2 SO4) is the sulfuric acid salt of hydroxylamine. It is primarily utilized as an easily handled form of hydroxylamine instead of pure hydroxylamine, which is highly combustible.
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