Ferrous Sulfate Market to Grow Rapidly due to Increasing Applications in Agriculture and Water Treatment Sector | Leading Players: Venator Materials PLC, Crown Technology, Inc., Verdesian Life Sciences, LLC, Coogee Chemicals Pty Ltd., Rech Chemical Co. Lt

Agriculture continues to see steady growth worldwide, as the foundation of any economy. Agricultural trade, according to the OECD and FAO, is projected to remain immune to economic downturns. It has become imperative to generate maximum yield using compound fertilizers in an attempt to meet the increasing demand for agricultural products. Against this context, growing use of Ferrous Sulfate has been witnessed as a major ingredient in compound fertilizers, encouraging growth, and growth, promoting photosynthesis in plants. In addition, Ferrous Sulfate also decreases soil alkalinity in compound fertilizers, thereby increasing soil fertility and preventing chlorosis.

Ferrous Sulfate used in compound fertilizers also ensures that other essential nutrients such as phosphorous and nitrogen are maximally absorbed. This aspect continues to affect the worldwide demand for Ferrous Sulfate, contributing in turn to the marginal growth of its industry.

Want to Learn More on the Ferrous Sulfate Market Growth? Request for a Sample Now: https://www.quincemarketinsights.com/request-sample-59156?hp

Growth Drivers that Support the Global Ferrous Sulfate Market:
• The rising demand for Ferrous Sulfate in the water treatment sector is a major factor driving the growth of the global Ferrous Sulfate market due to the increase in Ferrous Sulfate production capacity worldwide. Strict government regulations have made the treatment of industrial wastewater compulsory before discharging it into the atmosphere. In industrial wastewater treatment, these regulations are expected to increase demand for Ferrous Sulfate.

• The global ferrous sulfate market has been broken down into pharmaceuticals, water treatment, pigments, building (cement), animal feed, chemical production/intermediates, agrochemicals/fertilizers, food & beverages, and others based on application.

• During the forecast period, the water treatment segment is expected to dominate the global ferrous sulfate market. Wastewater reuse in different parts of the world has been widely practiced. The use of raw wastewater for irrigation after treatment with different methods is suggested in many instances in Latin America. Several wastewater treatment projects and programs have, for example, been operational in Latin America for several years, especially in Mexico, Peru, and Brazil. In the near future, this is expected to drive the market for ferrous sulfate in different industries.

• The most widely used supplement in animal feed is ferrous sulfate as it aids in stimulating development. Manufacturers of ferrous sulfate sell ferrous sulfate quality food for use in the animal feed industry. In 2014, the European Food Safety Authority approved the use of heptahydrate ferrous sulfate in animal feed for all types of animals. It is expected that the decision would fuel the growth of the ferrous sulfate market in Europe.
Companies Seek to Expand their Global Foot-Print

• In 2021, Metalloinvest signs new long-term contracts for supply of iron ore products to leading Russian and international companies.

• In February 2018, Suez SA, a France-based water treatment firm, intended to launch a production plant for drinking water in Indonesia. The aim of the project was to provide access to drinking water for 84 percent of the population in Indonesia. The growth of the iron(II) sulfate market will thus be assisted by such initiatives by industry players in the wastewater treatment sector.

• Mohamed S. Al-Abdalla, Energy and Water Sector Manager at the Saudi Arabian General Investment Authority (SAGIA), announced in February 2018 that Saudi Arabia was preparing to attract USD 11.0 Billion worth of investment in water projects. In turn, the implementation of these projects will stimulate the demand for iron(II) sulphate, supporting the industry's growth.
Major companies functioning in the global Ferrous Sulfate Market are Venator Materials PLC, Crown Technology, Inc., Verdesian Life Sciences, LLC, Coogee Chemicals Pty Ltd., Rech Chemical Co. Ltd., Chemland Group, Changsha Haolin Chemicals Co., Ltd., and Hong Yield Chemical Industrial Co., Ltd., PJSC Sumykhimprom.

Specific Requirement on COVID-19? Ask to Our Industry Expert: https://www.quincemarketinsights.com/enquiry-before-buying/enquiry-before-buying-59156

The Research Report Offers Answers to The Following Questions:
1) What is the expected growth rate of the global market for the forecast period?
2) What are the key driving factors that are responsible to shape the fate of the Ferrous Sulfate market during the forecast period?
3) What will be the overall size of the market during the analysis period?
4) What are the prominent market trends which influence the development of the Ferrous Sulfate market across various regions?
5) Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
6) What are the challenges and threats that are likely to act as a barrier to the growth of the Ferrous Sulfate market?
7) What are the major opportunities that the companies can get to attain success in the world?

Frequently Asked Questions for Ferrous Sulfate Market

1. How big is the Ferrous Sulfate market?
2. Which segment accounted for the largest Ferrous Sulfate market share?
3. What is the iFerrous Sulfate market growth?
4. What are the factors driving the Ferrous Sulfate market?
5. Who are the key players in the Ferrous Sulfate market?

Contact Us:
Office No: 306,307, Park Plaza Business Center,
Pune, Maharashtra
411047
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 1444 39 0986
Email: sales@quincemarketinsights.com
Website: www.quincemarketinsights.com

About QMI
QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world's most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

This release was published on openPR.