Ferrous Sulfate Market to Reach Valuation of US$ 4 Bn by 2027; Growing Prevalence of Anemia to Propel Significant Growth: TMR

- Market to reach the valuation of approximately USD 4 billion by the year 2027

- Use in construction and water treatment applications to propel growth in the market

- Asia Pacific to be a prominent regional player over the forecast period

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May 28, 2020, 10:00 ET

ALBANY, New York, May 28, 2020 /PRNewswire/ -- The global ferrous sulfate market is on its way to an impressive market valuation over the forecast period of 2019 to 2027. This will spur creation of new and untapped growth opportunities in the market landscape. By the end of 2027, the market worth would be up to USD 4 billion.

"A moderate growth rate of 3% will be charted by the global ferrous sulfate market over the forecast period of 2019 to 2027. A host of reasons like increased use in waste water treatment, which itself is witnessing growth, and development of fertilizers (granular) is paving way for this. Lucrative opportunities are set to emerge in the construction industry in the period as it is set to see an increase in work volumes, paving way for higher demand for dyes and pigments", opines Transparency Market Research.

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Key Findings of Global Ferrous Sulfate Market Study:

On the basis of end-use, water treatment segment is set to contribute massively to the growth of the global ferrous sulfate market over the forecast period
Product-wise, ferrous sulfate heptahydrate will see emergence as a high value segment
Asia Pacific to be a lucrative regional market in the global landscape from 2019 to 2027

Get an in-depth view of the leading trends operating in Ferrous Sulfate Market (Product: Ferrous Sulfate Heptahydrate, Ferrous Sulfate Monohydrate, Ferrous Sulfate Tetrahydrate, Ferrous Sulfate Anhydrous, and Others; Form: Granule/Powder and Liquid; and End Use: Pharmaceuticals, Water Treatment, Pigments, Construction [Cement], Animal Feed, Chemical Production/Intermediates, Agrochemicals/Fertilizers, Food & Beverages, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027, at https://www.transparencymarketresearch.com/pressrelease/ferrous-sulfate-market.htm

Key Drivers of Growth in Global Ferrous Sulfate Market:

The market of global ferrous sulfate market, which is on a sturdy growth curve over the forecast period, is set to experience buoyancy owing to a number of prominent trends and drivers. As per Transparency Market Research, the most notable ones include increase in use in waste water treatment applications. A glimpse into growth factors is provided below:

High efficiency and superior effectiveness to contribute positively to demand for ferrous sulfate as sludge dewatering agent
Waste water treatment is taken as a serious endeavor world over as water and surrounding land quality is deteriorating notably; water scarcity playing a positive role
Use in construction industry to be a significant growth propeller; volumes in the industry to increase by 85% by the year 2030
Used in iron supplements, ferrous sulfate will witness increase in demand as an increase in incidence of the mineral deficiency (leading to anemia) is noted
Poor lifestyle choices such as unbalanced diets are paving way growth in cases of anemia

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Regional Analysis of Global Ferrous Sulfate Market:

Asia Pacific (APAC) to account for a sizeable share of the global ferrous sulfate market over the assessment period that the report delves into
China is set to stay at the forefront of this growth; Japan to chart sluggish growth; India to chart moderate statistics
Construction volumes to increase in the region, especially in China and India, countries that will hold a sizeable share of the market

Analyze ferrous sulfate market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

Competitive Analysis of Global Ferrous Sulfate Market:

The prominent players that are driving the global ferrous sulfate market forward with their active and aggressive strategies of growth are Venator Materials PLC, Kemira; KRONOS, Worldwide, Inc., CINKARNA Celje d.d., Gökay Group, Crown Technology, Inc, and Verdesian Life Sciences, among others. These are included in the comprehensive profiling laid out in the market report prepared by Transparency Market Research. A range of strategies are often deployed by market players to gain an edge over competitors. These are also covered in the market report.

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Global Ferrous Sulfate Market: Segmentation

Ferrous Sulfate Market, by Product

Ferrous Sulfate Heptahydrate
Ferrous Sulfate Monohydrate
Ferrous Sulfate Tetrahydrate
Ferrous Sulfate Anhydrous
Others (including Ferrous Sulfate Pentahydrate)

Ferrous Sulfate Market, by Form

Granule/Powder
Liquid

Ferrous Sulfate Market, by End Use

Pharmaceuticals
Water Treatment
Pigments
Construction (Cement)
Animal Feed
Chemical Production/Intermediates
Agrochemicals/Fertilizers
Food & Beverages
Others (including Electrical & Electronics, Mining, and Fish Hatchery)

Ferrous Sulfate Market, by Region

North America

U.S.
Canada

Europe

Germany
France
U.K.
Italy
Switzerland
Russia & CIS
Rest of Europe

Latin America

Brazil
Mexico
Peru
Argentina
Colombia
Chile
Uruguay
Rest of Latin America

Middle East & Africa

GCC Countries
South Africa
Rest of Middle East & Africa

Asia Pacific

China
India
Japan
ASEAN
Rest of Asia Pacific

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