Global Polyferric Sulfate Market growing at a CAGR of 4.4 % from 2023 to 2030
Category : Materials And Chemicals | Published Date : May 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the Polyferric Sulfate Market is predicted to grow at a compound annual growth rate of 4.4% during the forecast period of 2023-2030 and is expected to reach USD 368.33 Million by 2030 which was valued at USD 262.19 Million in 2022.
The report highlights the increasing adoption of iron-based flocculants by various industries which are proliferating the market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the Polyferric Sulfate market.
Global Polyferric Sulfate Market By Overview
The polyferric sulfate market is bifurcated into form and application. Based on form segment the market is segmented into powder and liquid. In 2022, the powder segment dominated the overall polyferric sulfate market. The application segment is classified into industrial water treatment, municipal water treatment, printing, and dyeing sewage treatment, and others. In 2022, the industrial water segment dominated the polyferric sulfate market.
Get Free SampleMarket Dynamics
Driver:
- The growing concern about the impact of untreated wastewater on the environment is contributing to the growth of the market.
- Government initiatives play a crucial role in promoting wastewater treatment which, in turn, is contributing to market growth.
Restraints:
- Polyferric sulfate is known to cause health hazards including a burning sensation and irritation to the eye and skin that is likely to hamper the market growth.
- The prolonged effects of polyferric sulfate compounds on the aquatic environment along with human health are likely to hinder the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Form | Powder and Liquid |
| By Application | Industrial Water Treatment, Municipal Water Treatment, Printing, and Dyeing Sewage Treatment, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Parchem fine & specialty chemicals, Kemcore, Biosynth, and Hunan Yide Chemical have a strong market position in current market circumstances. Further, the Polyferric Sulfate market is expected to witness significant growth in coming years due to increasing demand for wastewater treatment flocculants. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in Polyferric Sulfate are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Parchem fine & specialty chemicals
- Kemcore
- Biosynth
- Hunan Yide Chemical
- Lubon Industry
- Henan Aierfuke Chemicals Co., Ltd.
- Anhui Moke Supply Chain Co., Ltd.
- Chemtrade Logistics
- Clinty Chemicals
