Sulfamic acid is a versatile chemical compound used in various industrial applications. It is a strong acid that exhibits excellent cleaning and descaling properties, making it suitable for applications in the cleaning industry, water treatment, and metal processing. Sulfamic acid is also utilized as a catalyst and a precursor in the synthesis of other chemicals.
As per the recent research conducted by a leading market insights provider FMI, the global Sulfamic Acid market will expand at a healthy CAGR over the forecast period between 2022 and 2027. The aim of this study is to analyze key market dynamics affecting the sales of Sulfamic Acid and provide vital insights to business owners to get benefited from forthcoming opportunities.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Sulfamic Acid Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Sulfamic Acid market.
Key Sulfamic Acid Market Takeaways and Projections
- The US will lead the North America Sulfamic Acid market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Sulfamic Acid market. It also profiles a list of prominent companies including
- Nissan Chemical
- Raviraj Chemicals
- Palm Commodities
- Mingda Chemical
- Yantai Sanding
- Laizhou Jinxing
- Shandong Xingda
- Nanjing Jinzhang
- Laizhou Guangcheng
- Jiangsu Yazhong
- Others
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Sulfamic Acid Demand Analysis by Category
Based on the form of Sulfamic Acid market is segmented into:
- Crystal
- Powder
- Liquid
- Others
Based on the end use Sulfamic Acid market is segmented into:
- Paper & Pulp production
- Electroplating and Electro-refining
- Plastic
- Sulphation and Sulphamation
- Chlorine Stabilization
- Dyes and Pigments
- Others
Based on the industry Sulfamic Acid market is segmented into:
- Food and Beverages
- Pharmaceutical
- Cosmetics
- Agriculture/Animal Feed
- Others Industries
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Sulfamic Acid market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Sulfamic Acid market
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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