Pdf - Iron Sulfate Heptahydrate Market

Iron Sulfate Heptahydrate Market Outlook and
Worldwide Foresight to 2024
Global Iron Sulfate Heptahydrate Market size is expected to witness significant gains
between 2017 and 2024. Product is registering increasing consumption in the
industries of medical, textiles, agriculture, cement, chemical and water treatment.
Iron sulfate heptahydrate is also recognized by the name ferrous sulfate
heptahydrate. It consists of iron in the range of 19 to 20% by its weight and is therefore
used in medical applications for treatment of iron deficiency diseases. It is also used in
medical industry as anti-anemia, blood tonic, and local astringent. The compound is
listed in The World Health Organization (WHO) list of basic health medicines and is
considered as one of the important medicines. Escalating medical sector owing to
growing population worldwide is likely to boost iron sulfate heptahydrate market
during the forecast period.
The compound is extensively utilized in chemical industry as a raw material for ferrite
and as an analytical & chromatographic reagent. It is consumed considerably in
producing blue inorganic pigment, iron oxide and magnetic iron oxide. Advanced
grade of the product is used to reduce chromium ions from cement, thus it acts as an
additive in the cement mixture. Infrastructural development in emerging economies
in commercial and residential sectors is likely to foster cement industry, leading to
the growth of iron sulfate heptahydrate market.
Food grade of ferrous sulfate heptahydrate is used as a coloring agent for vegetable
and fruits, and as a nutrition supplement in the form of iron fortifier. It is consumed
in minor quantities in food products such as cereals, dairy foods, and sweets with
filling. Its adoption is increasing as a fertilizer for removing lichen and moss of food
trunk and in the field of pesticides to control fruit tree decay, scab of bear and apple,
and for controlling wheat smut. Further, it is also used in treating iron chlorosis, a
disease that affects fruit cultivation up to a great extent. To optimize crop yield and
provide better quality of produce, farmers are adopting pesticides and fertilizers, this
in turn will propel iron sulfate heptahydrate market in near future.
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Textile industry uses the product as an ink constituent, and textile dye fixative for
leather blackening. Its usage is increasing in water treatment industry for water
purification as it removes phosphate and flocculation from industrial and municipal
sewage. It prevents eutrophication of water bodies. Robust industrialization along
with rapid urbanization is increasing the requirement of water purification, thus
flourishing iron sulfate heptahydrate market in the forecast timeframe.
On the basis of application, the market is segmented as water purification, textile dye
fixative, coloring agent, nutrition supplement, fertilizer, pesticides, cement additive,
chromatographic agent, analytical agent, local astringent, and others. It serves enduser
industries such as chemical, medical, water treatment, textile, agriculture, food
& beverages, cement, and others.
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Asia Pacific is anticipated to dominate global iron sulfate heptahydrate market
between 2017 and 2024 owing to boom in textile market. In last decade, the region
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had witnessed considerable increase in number of cloth mills. Textile industry is
expected to register significant gains owing to clothing fad among youngsters and
demand of high quality fabric in upper class segment population. North America is
following the growth trend of Asia Pacific in term of consumption of the compound
due to surge in its medical and chemical industry. U.S. is the hub for pharmaceutical
giants such as Novartis, Pfizer, and Johnson & Johnson. These companies’ production
has increased the demand of iron sulfate heptahydrate in the region. Europe has
considerable share in the global market owing to its uplifting industrialization and the
need for water treatment plants. Industries such as rubber, steel, automotive, plastic,
and adhesives have fueled in Germany, France, and Netherlands, this has led to water
purification plant set up in the region.
Regionally, Global Market Insights, Inc.’s Iron Sulfate Heptahydrate Market research
has the most in-depth, country focused estimates and forecasts for decision makers
across the globe. An exhaustive list of company profiles for organizations active in the
Iron Sulfate Heptahydrate Market supports the regional analysis and information
offering a competitive outlook on the industry. For each segment analyzed in this
research, whether it is by product, application, material or end-use, a regional
overview with historical data and Iron Sulfate Heptahydrate Market forecast is
provided to the reader. Such a cross-segmentation research analysis is also unique to
reports by Global Market Insights, Inc.
Key manufacturers in the global iron sulfate heptahydrate market include Materion
Corporation, ADMA Products, Inc, Daewha Alloytic Co. Ltd, Sandvik AB, Ceradyne, MI-
Tech Metals, Inc, Metal Matrix Cast Composites LLC, 3M Company, GKN PLC, Hitachi
Metals, CPS Technologies Corporation, and DWA Aluminum Composites.
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