The Global Ferrous Sulfate Heptahydrate Market is projected to grow at a CAGR of 3.2% from USD 858.82 million in 2019 to USD 1.11 billion in 2027. There are a wide range of applications of this compound that continuously supports the expansion of this sector. One of its major applications is industrial uses, wherein it is used as a precursor to other iron compounds, reducing agents.
Historically, it was widely used in the textile industry as a dye fixative. It is also widely used in the pharmaceutical industry wherein it is used in medications for preventing and treating iron deficiency anemia. It is registered in the List of Essential Medicines of the World Health Organization as the most effective and safest medicine required in the healthcare system. Thus, such an extensive arena of applications is fostering the growth of the industry.
Top Companies Operating in the Global Ferrous Sulfate Heptahydrate Market:
Rech Chemicals Co Ltd, Shaoyang Shenzhou Chemical Industry Co Ltd, Changsha Haolin Chemical Co Ltd, Reactivos Mineros SAC, MMC Resources Inc, Cleveland Industries Inc, Gokay Mining and Chemicals, Hong Yield Chemical Industrial Co Ltd, Zouping County Runzi Chemicals Co Ltd and Verdesian Life Sciences
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Iron supplements, iron pills, iron supplements side effects, Iron(iii) chloride, ferrous sulfate side effects, Iron supplements for anemia, Iron iii sulfide, Iron(ii) sulfate, and Ferrous Sulphate dose, among others are some of the most-demanding factors that create influences in this market growth. End-users and manufacturers dealing in this market consider these factors to derive higher significance.
Though various supporting market factors are propelling the growth of the sector, adverse factors like the availability of alternatives to this material may slow down the growth of the sector.
In regards to region, Asia Pacific can be seen to dominate the sector. The dominance of the APAC region is attributed to the continuous growth of the pharmaceutical sector, high dependency on agriculture, and rising awareness about the importance of nutritional substitutes, which is supporting the expansion of the sector in this region.
Ferrous sulfate represents a range of salt with the chemical formulate of FeSO4•xH2O. This compound is most commonly found as the heptahydrate. The hydrated form of this salt finds application in the medical sector for treating iron deficiency. It is also used for various other industrial applications. It was known as green vitriol and copperas in the ancient times. The most common form of this material is blue-green heptahydrate. One dissolving with water, this salt provides the same aquo complex [Fe(H2O)6]2+ that is paramagnetic and has octahedral molecular geometry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Ferrous Sulfate Heptahydrate Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Ferrous Sulfate Heptahydrate Market size
2.2 Latest regional market trends
2.3 Emerging growth trends
- Competitive Outlook
3.1 Global Ferrous Sulfate Heptahydrate Market key players
3.2 Global Ferrous Sulfate size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Ferrous Sulfate Heptahydrate Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Ferrous Sulfate Heptahydrate Market Segmentation
Product Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Ferrous Sulfate Monohydrate
- Ferrous Sulfate Heptahydrate
Grade Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Food Grade
- Technical Grade
- Feed Grade
Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Iron Oxide Pigment
- Body supplements
- Water Treatment
- Animal feed
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