Global Iron (Ferrous Sulfate) Market Size By Form (Granule or Powder, Liquid), By Type (Ferrous Sulfate Heptahydrate, Ferrous Sulfate Monohydrate), By Application (Construction, Water Treatment), By Geographic Scope And Forecast

Iron (Ferrous Sulfate) Market Size And Forecast

Iron (Ferrous Sulfate) Market size was valued at USD 818.2 Million in 2021 and is estimated to reach USD 1,064.1 Million by 2030, registering a CAGR of 3.09% from 2022 to 2030.

The market is estimated to grow mainly because of the expanding demand for cement in the construction industry, which is mainly driven by the rising urbanization, especially in the Asia Pacific. The Global Iron (Ferrous Sulfate) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Iron (Ferrous Sulfate) Market Definition

Ferrous sulfate is a mineral that is used in various end-use sectors such as pharmaceuticals, animal feed, water treatment, construction, etc. The formula for salt is FeSO4.xH2O. It is primarily found in a hydrated salt. It appears as a greenish or yellow-brown crystalline solid. Most commonly, the ferrous sulfate occurs in the heptahydrate form. When considering the product of the ferrous sulfate, it forms as a byproduct during the finishing of steel, prior to plating or coating. When the steel sheet is passed through the pickling baths of sulfuric, the ferrous sulfate formation occurs. Furthermore, it can be formed during the production of the titanium oxide from ilmenite using the sulfate process.

The primary benefit of ferrous sulfate is as a supplement to maintain the normal level of iron in the body. Iron is an important mineral that the body needs to produce red blood cells. The body primarily uses iron as part of the red blood cell proteins hemoglobin and myoglobin, which are essential for transporting and storing oxygen. When the body has a low level of iron, it cannot develop the number of normal red blood cells which are necessary to keep optimum health. This condition is called iron deficiency anemia or iron deficiency (iron shortage). Therefore, people need to consume it in their diet for optimal health. This medication is an iron supplement that is used to prevent or treat low blood levels of iron. Taking the ferrous sulfate is a simple way to treat, prevent, or reverse low blood iron levels. A healthcare professional may subscribe to the ferrous sulfate supplement if someone does not have enough iron in their body. These supplements are also available as over-the-counter (OTC) in the market. The iron (ferrous sulfate) supplements come as tablets, or as drops that people need to swallow.

Global Iron (Ferrous Sulfate) Market Overview

The market is estimated to grow mainly because of the expanding demand for cement for the construction industry, which is mainly driven by the rising urbanization, especially in the Asia Pacific.

Ferrous sulfate mainly finds its usage in the construction industry as additive in the cement production. It is mainly added as the chromium reducer. In the cement production process, major raw materials utilized contain a sizeable amount of water-soluble chromate (Cr6+) which is averse to the human health and can cause side effects such as allergic reactions and other diseases. For making cement safer, it is imperative to reduce the amount of chromate to harmless levels. Since the passing of Directive 2003/53/EC of European Union in 2005, where regulation stated the limitation on the amount of Cr6+ in cement to 2 parts per million (ppm) dry weight, the demand for chromate reducing additives has gained considerable attention over the years. In recent years, ferrous sulfate have been utilized as a suitable additive for reducing chromate to regulated amount, signifying its major share in the construction industry.

Wastewater management is another sector where ferrous sulfate is extensively used as a primary coagulant. The wastewater treatment sector is observing phenomenal growth from its industrial application in paper, mining, chemical, food & beverage production to municipal and agriculture treatment. Asia Pacific is expected to grow on account of its expanding wastewater treatment facilities to continue its economic growth, especially for India and China in a more sustainable way, thereby, indicating a rising demand for coagulants such as ferrous sulfate across the estimated period.

Global Iron (Ferrous Sulfate) MarketSegmentation Analysis

The Global Iron (Ferrous Sulfate) Market is segmented on the basis of Form, Type, Application, and Geography.

Iron (Ferrous Sulfate) Market, By Form

• Granule or Powder• Liquid• Others

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Granules generally vary from gray to brown in color. They are very soluble in water and can easily absorb moisture. Granules can be used as fertilizer ingredients and fertilizer, and as a chemical reagent to add to cement for the prevention of chrome dermatitis from the handling of cement.Ferrous Sulfate Dried Powder can also be used as a dietary ingredient and as a nutrient. Iron plays an important function in combining with protein and copper to make hemoglobin. Iron also prevents fatigue and promotes good skin tone. The powder can be also used as a reducing agent for several types of indigo vats.

Iron (Ferrous Sulfate) Market, By Type

• Ferrous Sulfate Heptahydrate• Ferrous Sulfate Monohydrate• Ferrous Sulfate Tetrahydrate• Ferrous Sulfate Anhydrous• Others

In the water treatment industry, ferrous sulfate heptahydrate is used in water treatment plants to enhance coagulation and phosphorus removal. Ferrous Sulfate Heptahydrate is a rich source of iron in pigment production. It is primarily used to produce red, yellow, and black iron oxide pigments since it is water-soluble and easy to handle. Cement manufacturers also use ferrous sulfate heptahydrate, which has the potential to reduce chromium levels, which helps in enhancing the market growth.

Iron (Ferrous Sulfate) Market, By Application

• Construction• Water Treatment• Pigments• Pharmaceutical• Animal Feed• Others

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In the construction segment, iron sulfate (ferrous sulfate) is added to cement to reduce the chromate. Iron sulfate is added to cement to reduce the chromate content. when in close contact with skin, like floor laying, floor repairs, and hand-made casting, the chromate content in cement results in rashness, allergies, and other possible diseases. Cement manufacturers also use ferrous sulfate heptahydrate-using that power to lower harnessing chromium levels is some of the factors which help in increasing the iron (ferrous sulfate) market.

Iron (Ferrous Sulfate) Market, By Geography

• North America• Europe• Asia Pacific• Latin America• Middle East and Africa

The ferrous sulfate market is expected to observe immense growth in the Asia Pacific on account of factors such as the presence of anemic patients among low-Income countries, expanding chemical and pigment usage in the construction industry, and rising wastewater treatment projects aligned with an increasing demand for quality animal feed among others. The Asia Pacific has a host of high, middle- and low-income countries with a varying socio-economic spectrum. Some of the major middle- and low-income countries are showing a positive trend toward developing economies, and basic public healthcare issues.

Key Players

The major players in the market are Crown Technology Inc., Venator Materials PLC, Verdesian Life Sciences LLC, Rech Chemical Co. Ltd., Coogee Chemicals Pty Ltd, Chemland Group, Hong Yield Chemical Industrial Co. Ltd, Changsha Haolin Chemicals Co. Ltd., and PJSC Sumykhimprom.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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