Ferrous Sulfate Market Size And Forecast
The Global Ferrous Sulfate Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Ferrous Sulfate Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Ferrous Sulfate Market was valued at USD 822.81 Million in 2019 and is projected to reach USD 1017.87 Million by 2027, growing at a CAGR of 2.71 % from 2020 to 2027.
What is Ferrous Sulfate?
Ferrous sulfate is an iron salt, which is obtained as a by-product during the titanium dioxide manufacturing using the sulfate process. It provides iron that is used to produce red blood cells in the human body with chemical formula FeSO4·xH2O. Ferrous sulfate exists in two form – in hydrous form and anhydrous form. It is also known as iron(ii) sulfate, copperas, and green vitriol. It is widely used to treat iron deficiency anemia. The medication is simple. Ferrous sulfate medicine should be taken empty stomach, at least an hour before and two hours after the meal. After taking medicine the person should avoid taking antacids or antibiotics.
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Ferrous Sulfate is an important body mineral. It helps produce red blood cells and control the lowering of blood iron. It is predominantly used in wastewater treatment and as a feed additive in animal feedstock that increases the nutritional value of the feed. Moreover, ferrous sulfate also finds extensive application in the cement industry, pharmaceuticals, and in the production of ferric oxide pigments.
Global Ferrous Sulfate Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The growing industrialization in developed and emerging countries, increasing government spending on water treatment plants, and increasing adoption for ferrous sulfate in water treatment plants for the filtration process is expected to fuel the growth of the global ferrous sulfate market. The increasing government expenditure on the development of pharmaceutical infrastructure, and growing demand from the pharmaceutical sector as an ingredient in medicinal preparation for infants and patients suffering from hemolytic anemia, porphyria globally is likely to drive the demand for the forecast period.
Furthermore, increasing spending on health and wellness of farm animals, coupled with high demand for better quality food products with high nutritious value, and adoption of ferrous sulfate as an additive by animal food manufacturers are anticipated to propel the market growth. On the contrary, the availability of substitutes such as ferric chloride and alum are the potential restraints hindering the overall market growth. Whereas, increasing R&D activities, innovative product offerings by manufacturers, and untapped potential in emerging markets offer favorable growth opportunities.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Ferrous Sulfate Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Ferrous Sulfate Market Competitive Landscape
The “Global Ferrous Sulfate Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as 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., and PJSC Sumykhimprom, and Others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Ferrous Sulfate Market, By Product
• Ferrous Sulfate Heptahydrate
• Ferrous Sulfate Monohydrate
• Ferrous Sulfate Tetrahydrate
• Ferrous Sulfate Anhydrous
Ferrous Sulfate Market, By Form
• Granule or Powder
Ferrous Sulfate Market, By Application
• Water Treatment
• Food & Animal Feed
Ferrous Sulfate Market, By Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World
o Middle East & Africa
o Latin America
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