The global ferrous sulfate market was valued at US$ 844.5 Mn in 2018, and is expected to reach US$ 1,099.8 Mn by 2027, exhibiting a CAGR of 3.0% over the forecast period.
Ferrous sulfate, also called as iron (II) sulfate, is a salt with the formula FeSO4·xH2O. Ferrous sulfate exists in hydrous and anhydrous form. Hydrous and anhydrous ferrous sulfate mainly exist in the form of heptahydrate. Ferrous sulfate is commonly found as a hydrated salt. The hydrous forms of ferrous sulfate are monohydrate, tetrahydrate, pentahydrate, and heptahydrate. The most commonly used hydrous ferrous sulfate is monohydrate and heptahydrate.
Ferrous sulfate monohydrate is obtained from heptahydrate by heating it above 65 degree Celsius. Ferrous sulfate heptahydrate is obtained by processing ilmenite ore in manufacturing of titanium dioxide, or as a co-product of steel pickling. It is used as a reducing agent in treatment of hazardous waste and as a coagulant in treatment of sewage waste, drinking water, and industrial effluents. It is also used in the cement industry to reduce harmful hexavalent chromium content in cement binding agents. Anhydrous ferrous sulfate is produced by reacting elemental iron with sulfuric acid to produce ferrous sulfate and hydrogen gas. Another method is oxidation of pyrites, which is used for correction of iron deficiencies in plants and soils, and also as a moss killer.
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The Ferrous Sulfate Market report provides a comprehensive analysis of key market trends in the Ferrous Sulfate Market. It also includes a discussion of historical trends, current market conditions, competitive landscape, growth opportunities, and fact-based challenges. The report quantifies the market share held by major players in the industry and provides an in-depth view of the competitive landscape. In terms of revenue (US$) and production, the market size is calculated during the study period along with details about the factors (drivers and constraints) influencing the market growth.
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Major players operating in the Ferrous Sulfate market are 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
This report surveys the Ferrous Sulfate market and analyzes and surveys development status and forecasts in five different regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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Hence, The research study focuses on key growth opportunities and market trends separately from important market dynamics including market drivers and challenges. With the help of this report, stakeholders will be able to adapt to changes in the Ferrous Sulfate industry and secure a strong market position in the years to come. The report offers market development statistics, a list of curated key players, in-depth regional analysis, and extensive market segmentation studies to provide a complete understanding of the global Ferrous Sulfate market. The Global Ferrous Sulfate Market Report also provides precise intelligence that prepares market players to compete well with their most powerful competitors on the basis of growth, sales, and other important factors.
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