Global Sulfamic Acid Market, By Form (Crystal, Powder, Liquid, Others), Application (Electroplating and Electro-Refining, Industrial Equipment and Domestic Appliances, Sulphation and Sulphation, Dyes and Pigments, Paper and Pulp Production, Plastic, Chlorine Stabilization, Others), End User (Pharmaceutical, Agriculture/Animal Feed, Food and Beverages, Cosmetics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Sulfamic Acid Market
The sulfamic acid market is estimated to grow at a compound annual growth rate of 6.00% for the forecast period of 2021 to 2028. Data Bridge Market Research report on sulfamic acid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Sulfamic acid is a type of an odorless and hygroscopic white crystalline solid that is water-soluble. It is a safe and powerful acid, which is appropriate for descaling applications and acid cleaning. Sulfamic acid is measured less corrosive to metals than other strong acids such as hydrochloric acid.
The steady and sustainable demand for sulfamic acid due to its diversified applications is likely to influence the growth of the sulfamic acid market. In line with this, the high demand from the personal care sector because of increased spending on cosmetic products by the young population and high demand for sulfamic acid in the personal care sector are also acting as a key determinant which will favor the growth of the sulfamic acid market over the forecast period of 2021 to 2028. Furthermore, the rise in use of sulfamic acid as a cleaning agent in industrial applications is also expected to positively impact the growth of the sulfamic acid market. The major factor which is expected to forward the growth of the market is the rise in research and development activities.
However, the protracted usage of sulfamic acid causes cancer and strict government regulation for the use of sulfamic acid are expected to act as key restraint towards sulfamic acid market growth rate in the forecast period of 2021 to 2028. Whereas, the volatile raw material prices are expected to challenge the growth of the sulfamic acid market in the above mentioned forecast period.
Furthermore, the rise in awareness regarding the flooding technique and micro-computed tomography method and the ever-increasing demand for premium beauty and skincare products are expected to offer a variety of growth opportunities for the sulfamic acid market in the above mentioned forecast period.
This sulfamic acid market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the sulfamic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Sulfamic Acid Market Scope and Market Size
The sulfamic acid market is segmented on the basis of form, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on form, the sulfamic acid market is segmented into crystal, powder, liquid and others.
- The application segment for sulfamic acid market is segmented into electroplating and electro-refining, industrial equipment and domestic appliances, sulphation and sulphation, dyes and pigments, paper and pulp production, plastic, chlorine stabilization and others.
- On the basis of end user, the sulfamic acid market is segmented into pharmaceutical, agriculture/animal feed, food and beverages, cosmetics and others.
Global Sulfamic Acid Market Country Level Analysis
The sulfamic acid market is analyzed and market size, volume information is provided by country, form, application and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the sulfamic acid market because of the high demand for sulfamic acid in the paper manufacturing and cosmetic industries. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the rise in research and development activities and the increase in the application of sulfamic acid.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sulfamic Acid Market Share Analysis
The sulfamic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sulfamic acid market.
The major players covered in the sulfamic acid market report are Brenntag GmbH, Raviraj Group, Nissan Chemical Corporation, Spectrum Chemical Manufacturing Corp., Redox, Timuraya, VWR International, LLC, NuChem, ACURO ORGANICS LIMITED, Thermo Fisher Scientific Inc., Tangshan Sanding Chemical Co., Ltd., Palm Commodities International, LLC, MADHAV CHEMICALS, Laizhou Guangcheng Chemical Co., Ltd., Shandong Mingda Chemical Technology Co., Ltd., DuPont, Ocean Chemicals, BASF SE, Hemadri Chemicals, KRISHNA INDUSTRIES and Sheetal Chemicals among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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