Market Overview:
The global ferrous sulfate monohydrate market is expected to grow at a CAGR of 3.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for iron oxide pigments and water treatment applications, and the growing demand for feed and food grade ferrous sulfate monohydrate in developing countries. However, factors such as volatility in prices of raw materials and stringent environmental regulations may restrain the growth of this market during the forecast period. On the basis of type, technical grade ferrous sulfate monohydrate accounted for a major share of the global market in 2017. This segment is projected to grow at a CAGR of 4% during the forecast period from 2018 to 2030. On account of its high purity levels, technical grade ferrous sulfate monohydrate is used extensively in various applications such as iron oxide pigments, water treatment, feed additives, food additives etc., across different regions worldwide.
Product Definition:
Ferrous sulfate monohydrate is an inorganic compound with the formula FeSO4·H2O. It is a white, water-soluble salt of iron. Ferrous sulfate monohydrate is used as a dietary supplement and in various industrial processes.
Technical Grade:
Technical grade is a product of ferrous sulfate monohydrate, which is used as an additive in the manufacturing of paints, coatings and varnishes. It helps to improve the quality and color retention on account of its ability to provide better saturation. The growth factor for technical grade is high demand from developing countries such as China, India and Brazil owing to growing infrastructure activities coupled with rising consumer disposable income levels.
Feed Grade:
Feed grade is the highest quality available in the market. It has a purity level of 99%. It is used to produce FSM, which has high demand from various end-use industries such as steel and mining. The feed grade can be further processed to produce other products such as additives, ferroalloys, fertilizers and chemicals.
Application Insights:
The iron oxide pigment application segment led the market and accounted for more than 54% share of the global revenue in 2017. The growing demand for paints, coatings and printing ink from construction, automotive and other industries is expected to drive growth over the forecast period.
Iron oxide pigments are used as colorants in various products including food additives, cosmetics, paper coatings (for example: envelopes), plastics (for example: polyvinyl chloride) ceramic ware (porcelain), textiles and paint media. They are also used directly in some applications such as water treatment where they act as a catalyst or additive to improve chemical reactions involved in corrosion control or remove impurities from wastewater effluents.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from end-use industries such as paints & coatings, plastics, and others. China is one of the largest producers and consumers of ferrous sulfate monohydrate globally. It accounted for a volume share of more than 50% in Asia Pacific market in 2017 owing to high production volumes coupled with growing demand from other end-use industries such as construction, automotive, packaging & labeling.
Latin America held a significant share due to increasing investments by multinational companies for producing quality products at low costs coupled with favorable government policies regarding mining industry development in Brazil and Argentina countries.
Growth Factors:
- Increasing demand from the construction and automotive industries as a result of rapid urbanization and industrialization in emerging economies.
- Growing awareness about the benefits of using ferrous sulfate monohydrate in agriculture among farmers, which is likely to boost its demand over the forecast period.
- Rising use of ferrous sulfate monohydrate as a feed additive for livestock owing to its high nutritional value.
- Increasing application scope of ferrous sulfate monohydrate in water treatment due to its ability to remove harmful contaminants from water bodies effectively.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferrous Sulfate Monohydrate Market Research Report
By Type
Technical Grade, Feed Grade, Food Grade, Other
By Application
Iron Oxide Pigment, Water Treatment, Feed, Food, Other
By Companies
Venator Materials, QC Corporation, Kemira, Crown Technology, SEM Minerals, Rech Chemical, Shandong Doguide Group, Chemland Group, Changsha Haolin Chemical, Jinmao Titanium, Venator Materials
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Ferrous Sulfate Monohydrate Market Report Segments:
The global Ferrous Sulfate Monohydrate market is segmented on the basis of:
Types
Technical Grade, Feed Grade, Food Grade, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Iron Oxide Pigment, Water Treatment, Feed, Food, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Venator Materials
- QC Corporation
- Kemira
- Crown Technology
- SEM Minerals
- Rech Chemical
- Shandong Doguide Group
- Chemland Group
- Changsha Haolin Chemical
- Jinmao Titanium
- Venator Materials
Highlights of The Ferrous Sulfate Monohydrate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Technical Grade
- Feed Grade
- Food Grade
- Other
- By Application:
- Iron Oxide Pigment
- Water Treatment
- Feed
- Food
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ferrous Sulfate Monohydrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ferrous sulfate monohydrate is a type of iron supplement that is available as a tablet or capsule. It is also known by the trade name Ferroplex. Ferrous sulfate monohydrate helps to provide iron to the body, and it can be helpful in treating anemia.
Some of the major players in the ferrous sulfate monohydrate market are Venator Materials, QC Corporation, Kemira, Crown Technology, SEM Minerals, Rech Chemical, Shandong Doguide Group, Chemland Group, Changsha Haolin Chemical, Jinmao Titanium, Venator Materials.
The ferrous sulfate monohydrate market is expected to grow at a compound annual growth rate of 3.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ferrous Sulfate Monohydrate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ferrous Sulfate Monohydrate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ferrous Sulfate Monohydrate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ferrous Sulfate Monohydrate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ferrous Sulfate Monohydrate Market Size & Forecast, 2018-2028
4.5.1 Ferrous Sulfate Monohydrate Market Size and Y-o-Y Growth
4.5.2 Ferrous Sulfate Monohydrate Market Absolute $ Opportunity
Chapter 5 Global Ferrous Sulfate Monohydrate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ferrous Sulfate Monohydrate Market Size Forecast by Type
5.2.1 Technical Grade
5.2.2 Feed Grade
5.2.3 Food Grade
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ferrous Sulfate Monohydrate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ferrous Sulfate Monohydrate Market Size Forecast by Applications
6.2.1 Iron Oxide Pigment
6.2.2 Water Treatment
6.2.3 Feed
6.2.4 Food
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ferrous Sulfate Monohydrate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ferrous Sulfate Monohydrate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ferrous Sulfate Monohydrate Analysis and Forecast
9.1 Introduction
9.2 North America Ferrous Sulfate Monohydrate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ferrous Sulfate Monohydrate Market Size Forecast by Type
9.6.1 Technical Grade
9.6.2 Feed Grade
9.6.3 Food Grade
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ferrous Sulfate Monohydrate Market Size Forecast by Applications
9.10.1 Iron Oxide Pigment
9.10.2 Water Treatment
9.10.3 Feed
9.10.4 Food
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ferrous Sulfate Monohydrate Analysis and Forecast
10.1 Introduction
10.2 Europe Ferrous Sulfate Monohydrate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ferrous Sulfate Monohydrate Market Size Forecast by Type
10.6.1 Technical Grade
10.6.2 Feed Grade
10.6.3 Food Grade
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ferrous Sulfate Monohydrate Market Size Forecast by Applications
10.10.1 Iron Oxide Pigment
10.10.2 Water Treatment
10.10.3 Feed
10.10.4 Food
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ferrous Sulfate Monohydrate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ferrous Sulfate Monohydrate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ferrous Sulfate Monohydrate Market Size Forecast by Type
11.6.1 Technical Grade
11.6.2 Feed Grade
11.6.3 Food Grade
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ferrous Sulfate Monohydrate Market Size Forecast by Applications
11.10.1 Iron Oxide Pigment
11.10.2 Water Treatment
11.10.3 Feed
11.10.4 Food
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ferrous Sulfate Monohydrate Analysis and Forecast
12.1 Introduction
12.2 Latin America Ferrous Sulfate Monohydrate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ferrous Sulfate Monohydrate Market Size Forecast by Type
12.6.1 Technical Grade
12.6.2 Feed Grade
12.6.3 Food Grade
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ferrous Sulfate Monohydrate Market Size Forecast by Applications
12.10.1 Iron Oxide Pigment
12.10.2 Water Treatment
12.10.3 Feed
12.10.4 Food
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ferrous Sulfate Monohydrate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ferrous Sulfate Monohydrate Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ferrous Sulfate Monohydrate Market Size Forecast by Type
13.6.1 Technical Grade
13.6.2 Feed Grade
13.6.3 Food Grade
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ferrous Sulfate Monohydrate Market Size Forecast by Applications
13.10.1 Iron Oxide Pigment
13.10.2 Water Treatment
13.10.3 Feed
13.10.4 Food
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ferrous Sulfate Monohydrate Market: Competitive Dashboard
14.2 Global Ferrous Sulfate Monohydrate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Venator Materials
14.3.2 QC Corporation
14.3.3 Kemira
14.3.4 Crown Technology
14.3.5 SEM Minerals
14.3.6 Rech Chemical
14.3.7 Shandong Doguide Group
14.3.8 Chemland Group
14.3.9 Changsha Haolin Chemical
14.3.10 Jinmao Titanium
14.3.11 Venator Materials
