Ferrous Sulfate Market

Ferrous Sulfate Market - Global Industry
Insights, Trends, Outlook, 2016–2024
Ferrous sulphate or iron sulphate is commonly known as copperas or green vitriol. It is a
range of salts which commonly exists in the form of heptahydrate. It is commercially
used to treat medical deficiency and in other industrial applications. Iron is an essential
mineral and is a key component of hemoglobin, an erythrocyte protein that transfers
oxygen from the lungs to the tissues. Ferrous sulphate increases the red blood cells to
treat the iron deficiency. It is commercially available in a crystalline form as well as liquid
form. Ferrous sulfate is produced by processing ilmenite ore in the manufacture of the
paint pigment--Titanium Dioxide, or can be produced as a co-product from the pickling
of steel. It is widely used absorbent, agricultural chemical, pigmentation, food and feed
nutrition, and water treatment.
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Prevalent Scenario in Ferrous Sulfate Market
Ferrous sulphate market is mainly driven by the rising population, especially in the
Asia-Pacific region where the emerging economies such as China, India, and Brazil
registering a rapidly growing GDP and population. Ferrous sulphate is widely used in
different applications such as water treatment, animal feed, fertilizer, body supplements,
and other industrial applications. The major share of market is contributed by the water
treatment application industry where it is used as a reducing agent in the treatment of
the hazardous wastes, and as a coagulant and flocculent in the treatment of sewage
waste, industrial effluents, raw drinking water and other wastewater sources. It is also
used for removal of phosphates and odor resulted from hydrogen sulfide in various
waste sources. Animal feed application accounts for the next largest share in the global
ferrous sulphate market. Changing lifestyles and hectic schedules of the global
population has resulted into iron deficiencies which in turn drives growth of adoption of
ferrous sulphate in dietary supplements. Ferrous sulphate is used as feed supplement
to prevent anemia caused by iron deficiencies in the diets of animals such as swine,
poultry, equines, and others. It is also used in significantly used to correct chlorosis or
deficiencies in soils and plants. It is eliminates moss, reduces alkalinity, and
micronutrient from the fertilizers. The rapidly increase in the fertilizer market across the
world is driving growth of the ferrous sulphate market. Demand for fertilizers is the
largest in the Asia-Pacific region coupled with the rising population and agriculture being
the key source of income in many countries is another factor fueling the market for
ferrous sulphate in the region. The key manufacturers are focusing on capturing the
market share in the Asia-Pacific region. These companies are establishing their
operations in this region or focusing on inorganic growth by acquiring or signing
agreements with the local players in the region to cater to the local demand for ferrous
sulphate. The abundant availability of raw materials, low cost labor, and increasing
global & local manufacturers are also the factors anticipating the growth of the ferrous
sulphate market across the world.
Fragmented Market
The global ferrous sulphate market is highly fragmented due to the presence of many
established and local players across the world. Major players involved in the market
include Rech Chemicals Co. Ltd, Hong Yield Chemical Industrial Co. Ltd, Changsha
Haolin Chemical Co. Ltd, MMC Resources Inc., Shaoyang Shenzhou Chemical Industry
Co. Ltd, Reactivos Mineros SAC, Cleveland Industries, Zouping County Runzi
Chemicals Co. Ltd, and Gokay Mining and Chemicals.
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Ferrous Sulfate Market report categorizes global market by application and other such industry segments - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024