Sulfamic Acid Market to Generate USD 237.6 billion, at 4.6 % CAGR by 2031, Globally: Says Transparency Market Research Inc.

Advertisement

Market growth is anticipated to be fueled by an increase in the use of sulfamic acid in the production of paper and pulp.

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.

Advertisement

Download Sample of this Research Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=37226

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
  • Timuraya
  • 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.

Have Any Query? Ask our Experts@ https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=37226

Few of key developments by the players in this market are:

Company name Key Developments
Brenntag NV
  • In 2023, Brenntag announced the acquisition of Colony Gums, Inc., an American producer of stabilizer mixes and provider of blending services.
  • It is anticipated that the acquisition will enhance and broaden Brenntag’s offerings in the Life Sciences, particularly in the area of nutrition.
  • The addition of Colony Gums to their current business will allow them to better service customers in the global life sciences markets as well as their expanding Nutrition industry by providing stabilizer mixes, blending solutions, and hydrocolloids.
Spectrum Chemical Manufacturing Corp.
  • In 2022, Spectrum Chemical Mfg. Corp. announced the addition of 12 new products to its bioCERTIFIEDTM quality management system and chemicals range for biopharmaceutical manufacture.
  • The “100% tested, 100% transparent” assurance that is attached to all bioCERTIFIED products reflects the company’s continuous dedication to advancing biopharmaceutical development and biologics production for novel vaccines, treatments, and a wide range of other applications.

Global Sulfamic Acid Segmentation 

By Form

  • Crystal
  • Powder
  • Liquid

By Application

  • Industrial Equipment & Domestic Appliances
  • Dyes & Pigments
  • Paper & Pulp
  • Acid Cleaning
  • Electroplating & Electrorefining
  • Sulfation & Sulfamation
  • Chlorine Stabilization
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Place an Order Copy of the Report@ https://www.transparencymarketresearch.com/checkout.php?rep_id=37226&ltype=S

Browse More Reports by TMR:

Bamboo Engineered Wood Market– The bamboo engineered wood market stood at US$ 25.0 Bn in 2022 and is projected to reach US$ 40.7 Bn by 2031.

Methanol to Gasoline Market– The global methanol to gasoline market was valued at US$ 2.2 Bn in 2022 and is likely to reach US$ 4.2 Bn by 2031, expanding at a CAGR of 7.3% between 2023 and 2031.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com   
Blog: https://tmrblog.com   

Email: [email protected]

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. AfternoonHeadlines.com takes no editorial responsibility for the same.