Ferrous Sulfate Market Trends, Growth, Size, Share, Revenue, Scope, Challenges and Future Outlook
Ferrous Sulfate Market Growth, Trends, Analysis, Size- By Product Type, By Application, By Form- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: CHEM23101 | Pages: 1 - 244 | Formats*: |
| Category : Chemical & Materials | |||
Ferrous Sulfate Market Introduction and Overview
According to SPER Market Research, the Global Ferrous Sulfate Market is estimated to reach USD 3.36 billion by 2033 with a CAGR of 3.01%.
The report includes an in-depth analysis of the Global Ferrous Sulfate Market, including market size and trends, product mix, Applications, and supplier analysis. The chemical compound ferrous sulphate has the formula FeSO4. It comes from iron, which is an essential component of many biological processes. Ferrous sulphate monohydrate (FeSO4.H2O) and ferrous sulphate heptahydrate (FeSO4.7H2O) are two of the compounds' many forms. It is usually found as a greenish-blue or pale blue crystal and has a high water solubility. Because of its iron content and other qualities, ferrous sulphate is employed in a variety of industries.
- In October, 2019: A new titanium dioxide (TiO2) pigment was introduced to the worldwide plastics market by Venator. Venator's best-performing white pigment for low-moisture applications and challenging processing circumstances is TIOXIDE TR29.
- In October, 2021: USALCO, a renowned manufacturer of superior industrial chemicals and water treatment products, reveals that it has purchased the water treatment division of ALTIVIA. In the United States, USALCO is a top supplier of premium specialty chemicals used in the treatment of water and wastewater as well as other industrial uses.
Market Opportunities and Challenges
The increasing need for ferrous sulphate in the water treatment industry has led to a notable expansion in the ferrous sulphate market. Furthermore, the major companies involved in the ferrous sulphate market have a significant window of opportunity due to the strong demand for compound fertilisers, which influences sales of ferrous sulphate in the agriculture industry. Modern manufacturing methods and technology have the potential to raise ferrous sulfate's effectiveness and quality. Enhancing the qualities of ferrous sulphate through research and development can also lead to new market opportunities.
Nonetheless, it is anticipated that the relatively high cost of ferrous sulphate may hinder the market's overall growth over the projection period. Additionally, the process of pickling steel and the creation of titanium dioxide pigment are the primary sources of ferrous sulphate. Consequently, changes in these two markets could have a negative impact on the production of ferrous sulphate. The prospects for market expansion could be impacted by instability in the production of ferrous sulphate as a result of an increased reliance on these techniques. In wastewater treatment, ferric chloride is a simple substitute for ferrous sulphate. These substitutes are highly affordable and easily accessible on the market, in contrast to ferrous sulphate. During the projection period, the market's expansion would be impeded by consumers' inclination to choose these alternatives.
Market Competitive Landscape
Several companies are concentrating on organic growth tactics, including type approvals, launches, and events, in addition to others like patents. The market saw partnerships and collaborations as well as acquisitions as inorganic growth tactics. The market participants' consumer base and business have grown as a result of these initiatives. Due to the growing demand for ferrous sulphate in the global industry, market participants are expected to have profitable growth prospects in the future. The list of a few businesses operating in the ferrous sulphate market is shown below. The major players in the market include: Changsha Haolin Chemicals Co. Ltd., Chemland Group, CINKARNA Celje d.d., Coogee Chemicals Pty Ltd., Crown Technology Inc., Gökay Group, Hong Yield Chemical Industrial Co. Ltd., KRONOS Worldwide, Inc., PJSC Sumykhimprom, Rech Chemical Co. Ltd., Venator Materials PLC, Verdesian Life Sciences LLC, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By End-Use, By Form |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Changsha Haolin Chemicals Co. Ltd., Chemland Group, CINKARNA Celje d.d., Coogee Chemicals Pty Ltd., Crown Technology Inc., Gökay Group, Hong Yield Chemical Industrial Co. Ltd., KRONOS Worldwide, Inc., PJSC Sumykhimprom, Rech Chemical Co. Ltd., Venator Materials PLC, Verdesian Life Sciences LLC, Others |
COVID-19 Impact on Global Ferrous Sulfate Market
The market for ferrous sulphate has been impacted by the Covid-19 epidemic in both positive and negative ways. The epidemic has raised awareness of sanitation and hygiene, which has raised demand for clean water. The increased demand for the services of water treatment plants has increased the need for ferrous sulphate as a coagulant. However, the availability of raw materials for the manufacturing of ferrous sulphate has been hindered by the disruptions in the global supply chain caused by lockdown measures and restrictions. The pandemic's slowdown of construction and industrial activity has also resulted in a decline in pigment demand, which has hampered market expansion.
Key Target Audience:
- Agricultural Industry
- Animal Feed Manufacturers
- Chemical Manufacturers
- Construction Industry
- Food and Beverage Industry
- Mining Industry
- Pharmaceutical and Nutritional Supplement Companies
- Water Treatment Companies
- Others
Our in-depth analysis of the Ferrous Sulfate Market includes the following segments:
| By Product Type: | |
| By End-Use: | |
| By Form: | |
| By Region: |
Key Topics Covered in the Report:
- Global Ferrous Sulfate Market Size (FY’2023-FY’2033)
- Overview of Global Ferrous Sulfate Market
- Segmentation of Global Ferrous Sulfate Market By Product Type (Ferrous Sulfate Anhydrous, Ferrous Sulfate Heptahydrate, Ferrous Sulfate Monohydrate, Ferrous Sulfate Tetrahydrate, Others)
- Segmentation of Global Ferrous Sulfate Market By End-Use (Animal Feed, Construction, Pharmaceuticals, Pigments, Water Treatment, Others)
- Segmentation of Global Ferrous Sulfate Market By Form (Granule or Powder, Liquid, Others)
- Statistical Snap of Global Ferrous Sulfate Market
- Expansion Analysis of Global Ferrous Sulfate Market
- Problems and Obstacles in Global Ferrous Sulfate Market
- Competitive Landscape in the Global Ferrous Sulfate Market
- Impact of COVID-19 and Demonetization on Global Ferrous Sulfate Market
- Details on Current Investment in Global Ferrous Sulfate Market
- Competitive Analysis of Global Ferrous Sulfate Market
- Prominent Players in the Global Ferrous Sulfate Market
- SWOT Analysis of Global Ferrous Sulfate Market
- Global Ferrous Sulfate Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Ferrous Sulfate Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Ferrous Sulfate Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Ferrous Sulfate Market
7. Global Ferrous Sulfate Market, By Product Type (USD Million)
7.1. Global Ferrous Sulfate Market Value Share and Forecast, By Product Type, 2023-20337.2. Ferrous Sulfate Anhydrous7.3. Ferrous Sulfate Heptahydrate7.4. Ferrous Sulfate Monohydrate7.5. Ferrous Sulfate Tetrahydrate7.6. Others
8. Global Ferrous Sulfate Market, By End-Use (USD Million)
8.1. Global Ferrous Sulfate Market Value Share and Forecast, By End-Use, 2023-20338.2. Animal Feed8.3. Construction8.4. Pharmaceuticals8.5. Pigments8.6. Water Treatment8.7. Others
9. Global Ferrous Sulfate Market, By Form (USD Million)
9.1. Global Ferrous Sulfate Market Value Share and Forecast, By Form, 2023-20339.2. Granule or Powder9.3. Liquid9.4. Others
10. Global Ferrous Sulfate Market Forecast, 2019-2033 (USD Million)
10.1. Global Ferrous Sulfate Market Size and Market Share
11. Global Ferrous Sulfate Market, By Product Type, 2019-2033 (USD Million)
11.1. Global Ferrous Sulfate Market Size and Market Share By Product Type (2019-2026)11.2. Global Ferrous Sulfate Market Size and Market Share By Product Type (2027-2033)
12. Global Ferrous Sulfate Market, By End-Use, 2019-2033 (USD Million)
12.1. Global Ferrous Sulfate Market Size and Market Share By End-Use (2019-2026)12.2. Global Ferrous Sulfate Market Size and Market Share By End-Use (2027-2033)
13. Global Ferrous Sulfate Market, By Form, 2019-2033 (USD Million)
13.1. Global Ferrous Sulfate Market Size and Market Share By Form (2019-2026)13.2. Global Ferrous Sulfate Market Size and Market Share By Form (2027-2033)
14. Global Ferrous Sulfate Market, By Region, 2019-2033 (USD Million)
14.1. Global Ferrous Sulfate Market Size and Market Share By Region (2019-2026)14.2. Global Ferrous Sulfate Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. Changsha Haolin Chemicals Co. Ltd.15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Chemland Group15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. CINKARNA Celje d.d.15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Coogee Chemicals Pty Ltd.15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Crown Technology Inc.15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Gökay Group15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Hong Yield Chemical Industrial Co. Ltd.15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. KRONOS Worldwide, Inc.15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. PJSC Sumykhimprom15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Rech Chemical Co. Ltd.15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Venator Materials PLC15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. Verdesian Life Sciences LLC15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments15.13. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The North America region is anticipated to have the highest market share in Ferrous Sulfate Market.
The key players in the market include Companies Covered Anchor Packaging, Apollo Funds, Biopak, D&W Fine Pack, Dart Container Corporation, DOpla S.p.A., Goldplast, Hotpack Global, Huhtamaki, and Pactiv Evergreen, Others
The chemical compound ferrous sulphate has the formula FeSO4. It comes from iron, which is an essential component of many biological processes.
Ferrous Sulfate Market is projected to reach USD 3.36 billion by 2033, growing at a CAGR of 3.01% during the forecast period.
Ferrous Sulfate Market grew in market size from 2023. The Market is expected to reach USD 3.36 billion by 2033, at a CAGR of 3.01% during the forecast period.
Ferrous Sulfate Market CAGR of 3.01% during the forecast period.
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Ferrous Sulfate Market size is USD 3.36 billion from 2023 to 2033.
Ferrous Sulfate Market Segment is Covered By Product Type, By End-Use, By Form
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