Fact.MR has published a recent report on the ferrous sulfate market for the forecast period of 2018 to 2028, which offers cumulative insights on the captivating trends influencing long-term aspects of the industry. As per the study, demand from the agricultural domain is foreseen to be one of the key influencing factors driving growth of ferrous sulfate market over the forecast timespan. Moreover, the report also reinforces on the fact that surging production of animal livestock will be a prominent influencer boosting the growth of ferrous sulfate market.
Ferrous sulfate is iron salt, which is a by-product obtained during the manufacturing of titanium dioxide using sulfate process. Ferrous sulfate provides iron that is used to produce red blood cells in human body, reducing the chances of anemia. Ferrous sulfate is also used as a feed additive in animal feedstock that improves nutritional value of the feed. Ferrous sulfate is also used in compound fertilizers, which enhances the nutrient value and facilitates absorption of other vital ingredients. Other common uses of ferrous sulfate include production of ferric oxide pigments, cement manufacturing and water treatment.
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Tier 2 and Tier 3 Companies Focusing on Consolidating Their Position in APEJ
Presence of Tier 2 and Tier 3 companies involved in ferrous sulfate production, continues to remain concentrated in developed countries, particularly in the North America and Europe regions. However, these companies, such as Coogee Chemicals Pty Ltd., Verdesian Life Sciences LLC, Rech Chemicals Co. Ltd., and Chemland Group to name a few, have been focusing on expanding their global footprint by targeting developing countries across the Asia Pacific on the back of its market potential across end use areas of ferrous sulfate. Apart from lucrative market with respect to end use of ferrous sulfate, Asia Pacific excluding Japan (APEJ) offers superior business environment in terms of cheap labor and land, and government support. Collectively, Tier 2 and Tier 3 companies in ferrous sulfate market account for more than 35 percent share in the APEJ region. These companies are also focusing on tapping other emerging regions including countries of Eastern Europe and Latin America.
The report on ferrous sulfate market has segmented the market in-depth in a bid to include all angles impacting the market growth. The ferrous sulfate market is segmented on the basis of grade, by type, by application and by region. In terms of grade, ferrous sulfate market is categorized into food grade and technical grade. Ferrous sulfate market by type covers assessment on ferrous sulfate monohydrate and ferrous sulfate heptahydrate. By application, ferrous sulfate market is segmented by water treatment, agriculture, pigment, cement, and animal feedstock sectors. The ferrous sulfate market is assessed across key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA).
The report on ferrous sulfate market includes detailed assessment on various key companies involved in the manufacturing of ferrous sulfate. Key developments and major facets of ferrous sulfate market players has been included in the competitive landscape section of the report. The ferrous sulfate market report has profiled key companies including but not limited to Kronos Worldwide Inc., Verdesian Life Sciences LLC and Venator Materials PLC.
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