Global North America Ferric Sulphate Market By Type (Industrial Grade, Food Grade), By Application (Мunісіраl & Dоmеѕtіс, Роwеr Gеnеrаtіоn, Оіl & Gаѕ, Сhеmісаl, Міnеrаl & Меtаllurgу, Fооd & Веvеrаgеѕ, Рulр & Рареr), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

“North America Ferric Sulphate Market” is the title of an upcoming market report compiled by Market.US. Aside from vital statistics and relevant material, the report will include major developments (both current and future), factors projected to affect market progress, and prospects for potential revenue generation in unoccupied regions/countries.

The associated report will include an in-depth review of sales, market trends, and tactics by major market players, as well as valuable insights and viewpoints into various facets of this sector. This study would also address imminent risks or obstacles posed by established competitors as well as emerging market entrants.

This report will include data, facts, and inputs from both primary and secondary data sources, all of which have been checked and authenticated by industry experts.

Additionally, this document will cover imminent threats or challenges from existing contenders, as well as new industry entrants. The ferric sulphate market in North America will be presented on the basis of type, application, as well as regions/countries.

The North America ferric sulphate market was valued at $97.4 Мn. in 2020, and is projected to register а САGR of 6.3% by 2030.

Overview:

Ferric Sulphate belongs to the family of inorganic compounds with the formula Fe₂(SO₄)3(H₂O)N. This compound is toxic and non-flammable in nature. The most common form of this compound is in the form of a variety of hydrates.

The reaction of sulphuric acid and an oxidizing agent produces a dark brown or yellow chemical agent. The action of sulfuric acid with iron results in two sulfur compounds, ferric sulfate, primarily found in the form of ferric sulphuric heptahydrate.

Dynamics:

The shift in consumer preference with regards to personal hygiene and health, along with the acceleration of research and development efforts by industries, municipal bodies, and environmental associations towards the development of advanced water purification methods and conservation activities are some of the primary factors that are expected to boost the financial growth for this industry.

There has been an increasing prevalence of diseases caused due to iron deficiency such as anemia, decreased hemoglobin counts, etc. These are also factors that are expected to further augment the revenue growth of this given sector over the forecast period.

However, there are numerous health hazards caused by iron sulfates such as irritation skin, eyes, and throat, as well as discomfort of the stomach and the mouth. Additionally this chemical is also associated with environmental damages. These factors are expected to hinder the revenue growth of this industry to a certain extent.

Nonetheless, the increasing demand for microchips owing to the advent of the smart device sector, as well as the steady adoption of autonomous vehicles, are factors expected to create revenue growth opportunities in the future for key players in this industry.

Segmentation of The North America Ferric Sulphate Market is as Follows:

With respect to ‘type’ market segmentation, the industrial grade sub-segment accounted for the highest number of revenue shares (78.7%) of the North America ferric sulphate market and is anticipated to register a CAGR of 6% over the forecast period.

On the basis of ‘application’ market segmentation, the municipal & domestic sub-segment achieved the highest attractiveness index of 3.4, and this sub-segment is expected to achieve a CAGR of 6.7% by 2030.

Regional Segmentation and Analysis:

In terms of “country” market segmentation, the US accounted for a significant percentage (86.3%) of revenues generated by this industry in 2020. Whereas, Mexico accounted for the fewest number of revenue shares.

Segmentation of The Ferric Sulphate Market in North America:

Based on Type 

• Industrial Grade
• Food Grade

Based on Application

• Мunісіраl & Dоmеѕtіс
• Роwеr Gеnеrаtіоn
• Оіl & Gаѕ
• Сhеmісаl
• Міnеrаl & Меtаllurgу
• Fооd & Веvеrаgеѕ
• Рulр & Рареr

Based on Country

• The US
• Canada
• Mexico

Key Players

• Thermo Fisher Scientific Inc.
• Chemtrade Logistics Inc.
• Hawkins Inc.
• Altivia Chemical Llc
• Paul Lohmann Inc. (DPL-US)
• GFS Chemicals Inc.
• Pencco Inc.

For the North America Ferric Sulphate Market research study, the following years have been considered to estimate the market size: