Wilmington, Delaware, United States, Nov. 08, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global sulfamic acid was estimated to have acquired US$ 154.3 billion in 2022. It is anticipated to register a 4.6% CAGR from 2022 to 2031 and by 2031 the market is likely to gain US$ 237.6 billion.
Sulfamic acid has prospects for the environmentally conscious business since it is thought to be a more sustainable substitute for several harsh chemicals. Growing regulatory pressure for more environmentally friendly options is expected to increase its attractiveness. The market for sulfamic acid is probably going to keep changing, offering the chemical industry both innovation and long-term solutions.
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Global Sulfamic Acid: Key Players
In order to increase revenue, producers in the global sulfamic acid market are employing a number of tactics. To save expenses and improve competitiveness, they are concentrating on effective production methods. These businesses are also broadening the range of products they offer to meet the needs of many industries, such as water treatment, pharmaceuticals, and cleaning supplies.
While research and development initiatives drive quality improvement, product innovation, and cost efficiency, marketing and branding efforts strive to reach a wider audience. Producers are deliberately focusing on developing markets with increasing consumer demand, which allows them to access new sources of income and increase profitability.
The following companies are well-known participants in the global sulfamic acid:
- Nissan Chemical Industries, Ltd.
- Brenntag NV
- Redox Pty Ltd.
- Spectrum Chemical Manufacturing Corp.
- Palm Commodities International
- Laizhou Guangcheng Chemical Co., Ltd.
- ACURO ORGANICS LIMITED
- Nuchem Ltd.
- Shree Sulphamic Chemicals
- Raviraj Group
- Tangshan Sanding Chemical Co., Ltd.
Key Findings of the Market Report
- Global demand for pigment and dye goods is increasing, which is increasing the need for more sustainable and effective manufacturing processes.
- These conditions are satisfied by sulfamic acid since it is a chemical that is both adaptable and environmentally safe.
- The environmental sustainability of the pigment and dye industry is increased by sulfamic acid, which is a less harmful alternative than other acidic catalysts and activators.
- Eco-friendly and non-toxic products are becoming more and more significant in the textile and cosmetics industries.
Market Trends for Sulfamic Acid
- An increased industrial commitment to waste reduction and resource efficiency is shown in the decrease in sulfamic acid usage in the production of paper and pulp. Sulfamic acid operations could improve overall operational efficiency while decreasing chemical waste for manufacturers.
- Sulfamic acid is a vital catalyst in the paper and pulp industry due to its emphasis on environmental responsibility and operational excellence; demand is expected to increase as the sector looks for high quality, sustainable paper manufacturing solutions.
- An increase in usage in the production of paper and pulp reflects the industry’s expanding need for economical and ecologically friendly solutions. This highlights how important sulfamic acid is to maintaining the sustainability and caliber of paper goods.
Global Market for Sulfamic Acid: Regional Outlook
Various reasons are propelling the growth of the sulfamic acid market in different regions. These are:
- By 2031, Asia Pacific is probably going to hold the majority of market share. China is largely responsible for the increase in demand for sulfamic acid, which has made the region more and more desirable for manufacturing and consumption.
- Due to the continuous rise in sulfamic acid demand, particularly in India and China, where applications span multiple industries, Asia Pacific stands out as a promising region. On the other hand, the sulfamic acid market in the Middle East, Latin America, and Africa is gradually emerging from a developing phase.
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Few of key developments by the players in this market are:
|Company name||Key Developments|
|Spectrum Chemical Manufacturing Corp.||
Global Sulfamic Acid Segmentation
- Industrial Equipment & Domestic Appliances
- Dyes & Pigments
- Paper & Pulp
- Acid Cleaning
- Electroplating & Electrorefining
- Sulfation & Sulfamation
- Chlorine Stabilization
- North America
- Asia Pacific
- Middle East & Africa
- South America
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