Sulfamic Acid - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Sulfamic Acid Market is accounted for $0.32 billion in 2020 and is expected to reach $0.42 billion by 2028 growing at a CAGR of 3.6% during the forecast period. Higher shelf life and rising demand for personal care and cosmetics industry globally are the major factors propelling the market growth. However, disease caused by the exposure of sulfamic acid is hampering the market growth.
Sulfamic acid is non-hygroscopic and stable. It is produced from fuming urea and sulfuric acid, and classified as a strong inorganic acid. Sulfamic acid with diluted aqueous solution is stable for extended periods at room temperature. Furthermore, sulfamic acid is considered less corrosive to metals as compared to other strong acids, including hydrochloric acid. It retains scale solubilizing capacity therefore it is considered an ideal choice for the removal of scale from boilers, cooling towers, coils, heat exchangers condensers, and a wide range of heating and cooling systems. This leads to efficiency of the plant and equipment. Sulfamic acid helps remove excessive nitrides used in diazotization reactions in the production of dyes and pigments.
Based on application, the metal finishing segment is going to have a lucrative growth during the forecast period owing to the high adoption of sulfamic acid in metal finishing industries for the cleaning and maintenance of equipment. Moreover, the growing industrialization and great demand from end-user industries contribute to the high market demand for the application of metal finishing across industries in the forecast period.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increase in demand for these products in China. Constant rise in demand for sulfamic acid in China and India is the primary factor driving the sulfamic acid market in Asia Pacific. Demand for sulfamic acid is high in Asia Pacific, particularly in China and India, owing to increase in consumption of sulfamic acid products in paper packaging, plastics, pharmaceutical, and pigment applications in the country.
Some of the key players profiled in the Sulfamic Acid Market include Laizhou Guangcheng Chemical Co., Ltd., Nissan Chemical Industries, Ltd., Nuchem Ltd., Redox Pty Ltd., Raviraj Group, Timuraya, Brenntag NV, Tangshan Sanding Chemical Co., Ltd., Spectrum Chemical Manufacturing Corp., ACURO ORGANICS LIMITED, Shree Sulphamic Chemicals, Palm Commodities International, DuPont, BASF SE, and AkzoNobel N.V.
• Acid Cleaning
• Boiler System
• Chlorine Stabilization
• Cooling System
• Dyes and Pigments
• Electroplating and Electro-refining
• Industrial Equipment & Domestic Appliances [Descaling]
• Leather & Dyeing
• Metal Finishing
• Paper & Pulp Production
• Sulfation and Sulfamation
• Swimming Pools
End Users Covered:
• Agriculture/Animal Feed
• Food and Beverages
• Personal Care and Cosmetics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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