Press release
Ferrous Sulfate Market to Develop New Growth Story 2024 - 2031 | Crown Technology, Inc., Venator Materials PLC
Ferrous Sulfate Market
Global ferrous sulfate market is estimated to be valued at USD 2.58 Bn in 2024 and is expected to reach USD 3.19 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031.
Market Dynamics:
The demand for ferrous sulfate is rising primarily due to increase in use of ferrous sulfate in water treatment processes. Ferrous sulfate is one of the most effective and widely used coagulating agents used at water treatment plants. It effectively binds with phosphates, organic matter, particulates and other contaminants present in raw water and forms larger particles which can then be easily removed through filtration. Additionally, growth of water and wastewater treatment industry is also fueling the demand for ferrous sulfate. According to Coherent Market Insights analysis, the global water and wastewater treatment market was valued at over US$ 600 Bn in 2021 and is estimated to grow at a CAGR of over 6% during forecast period, thereby indirectly supplementing the growth of ferrous sulfate market.
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Ferrous Sulfate Market - Key Drivers and Growth Outlook
Increasing Demand from Water Treatment Industry
One of the major drivers of the ferrous sulfate market growth is the rising demand from the water treatment industry. Ferrous sulfate is widely used as a coagulant aid for purification of water in municipal as well as industrial water treatment plants. It helps in removing contaminants like dirt, algae, heavy metals and other pollutants from water by binding them together so that they precipitate out of the water more easily. With growing concerns about clean drinking water and stringent regulations regarding wastewater disposal, investments into water treatment infrastructure are increasing globally which is driving the consumption of ferrous sulfate.
Growing Demand from Chemical Processing Industry: A Market Opportunity
The ferrous sulfate market is expected to get an opportunity boost from the rising utilization of ferrous sulfate in chemical processing applications. It is increasingly used as a process coagulant and flocculent in the production of various industrial chemicals such as sulfuric acid, hydrochloric acid and calcium carbide. Besides, ferrous sulfate is also employed in the manufacturing of nitrating acids which are further used to synthesize fertilizers, dyes and explosives. With the chemical industry growing at a swift pace globally, especially in Asia due to cheap labour and raw material availability, the consumption of ferrous sulfate from this end-use segment promises impressive gains over the coming years. This will open up major avenues for ferrous sulfate producers internationally.
Increasing Application of Nano Ferrous Sulfate: An Emerging Trend
One of the latest trends witnessed in the market is the rising research into application of nano ferrous sulfate. Conventional ferrous sulfate has some limitations such as low dissolution rate and difficulty in transport across cell membranes. Nano ferrous sulfate addresses these shortcomings as its nanoparticles can penetrate cell membranes easily and also dissolve much faster than bulk ferrous sulfate. Due to its enhanced bioavailability and uptake, nano ferrous sulfate is being explored for various biomedical applications such as drug delivery, tissue regeneration, cancer therapy and diagnostics. Companies are investing heavily in R&D around utilization of nano ferrous sulfate which is expected to be a game changing trend that can potentially open up new end-use segments for this commodity chemical in future.
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Top Companies Featured in This Report:
★ Crown Technology Inc.
★ Venator Materials PLC
★ Verdesian Life Sciences LLC
★ Rech Chemical Co. Ltd.
★ Coogee Chemicals Pty Ltd.
★ Chemland Group
★ Hong Yield Chemical Industrial Co., Ltd.,
★ Changsha Haolin Chemicals Co., Ltd.,
★ PJSC Sumykhimprom.
★ Nilkanth Organics
★ Hemadri Chemicals
★ Ennore India Chemicals
★ Rishi Chemicals
★ Bhagwati Chemicals
★ Vinipul Inorganics India Pvt. Ltd.
★ Meghachemi Industries
★ Shrinath Enterprises
★ Ottokemi
★ Destiny Chemicals
Market Segmentation:
By Product Type:
★ By Type: Monohydrate and Heptahydrate
By Applications:
★ By Application: Pharmaceutical, Water Treatment, Cement, Agricultural, Food & Animal Feed, Others (Pigments, etc.)
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Ferrous Sulfate Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Ferrous Sulfate market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Ferrous Sulfate market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Ferrous Sulfate market.
Segment Analysis: Examining the market value and sales volume of Ferrous Sulfate by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Ferrous Sulfate market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Ferrous Sulfate sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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