North America Sulfamic Acid Market Size, Share & Trends Analysis Report By Form (Powder, and Liquid), By Application (Metal Finishing, Dyes & Pigments, Paper & Pulp, Plastic, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Sulfamic Acid Market would witness market growth of 14.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 975.2 Hundred Tonnes, showcasing a growth of 13.5% (2019-2022).
The market has witnessed significant growth and evolution over the years, driven by various applications, increasing adoption in various industries, emerging trends, and ongoing innovations. This, also known as amidosulfonic acid, has proven to be a versatile chemical compound with distinctive properties, contributing to its widespread use across multiple sectors. The adoption of this has been on the rise, propelled by its efficacy, versatility, and suitability for numerous industrial applications.
Sulfamic acid plays a pivotal role in metal processing applications, particularly in removing oxidation and rust from metals. Its use in metal cleaning processes contributes to surface preparation, enhancing the adhesion of coatings and facilitating subsequent manufacturing steps. The effectiveness of this in cleaning metal surfaces extends to its role in enhancing the adhesion of coatings. A clean and corrosion-free surface provides an optimal foundation for coatings to adhere firmly, improving the longevity and performance of the applied coatings.
Sulfamic acid serves as a versatile and effective catalyst in various chemical reactions. The growing chemical synthesis sector in the United States can leverage it's catalytic properties to facilitate key reactions, promoting the efficient production of diverse organic compounds. The U.S. is a hub for research and development in the chemical industry. Ongoing initiatives and advancements in chemical synthesis technologies may lead to the discovery of new applications for this, further driving its demand. Thus, the rising chemical synthesis and metal processing sectors in North America will assist in the expansion of the regional market.
The US market dominated the North America Sulfamic Acid Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $253.7 Million by 2030. The Canada market is experiencing a CAGR of 16.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 15.7% during (2023 - 2030).
Based on Form, the market is segmented into Powder, and Liquid. Based on Application, the market is segmented into Metal Finishing, Dyes & Pigments, Paper & Pulp, Plastic, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Shandong Mingda Chemical Technology Co., Ltd.
- BASF SE
- Laizhou Jinxing Chemical Co. Ltd.
- DuPont de Nemours, Inc.
- Brenntag SE
- Laizhou Guangcheng Chemical Co., Ltd
- Nissan Chemical Corporation
- Akzo Nobel N.V.
- Yantai Sanding Chemical Co., Ltd.
- Honeywell International, Inc.
By Form (Volume, Hundred Tonnes, USD Billion, 2019-2030)
- Powder
- Liquid
- Metal Finishing
- Dyes & Pigments
- Paper & Pulp
- Plastic
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Sulfamic Acid Market, by Form
- 1.4.2 North America Sulfamic Acid Market, by Application
- 1.4.3 North America Sulfamic Acid Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Recent Strategies Deployed in the Sulfamic Acid Market
- Chapter 5. North America Sulfamic Acid Market by Form
- 5.1 North America Powder Market by Country
- 5.2 North America Liquid Market by Country
- Chapter 6. North America Sulfamic Acid Market by Application
- 6.1 North America Metal Finishing Market by Country
- 6.2 North America Dyes & Pigments Market by Country
- 6.3 North America Paper & Pulp Market by Country
- 6.4 North America Plastic Market by Country
- 6.5 North America Others Market by Country
- Chapter 7. North America Sulfamic Acid Market by Country
- 7.1 US Sulfamic Acid Market
- 7.1.1 US Sulfamic Acid Market by Form
- 7.1.2 US Sulfamic Acid Market by Application
- 7.2 Canada Sulfamic Acid Market
- 7.2.1 Canada Sulfamic Acid Market by Form
- 7.2.2 Canada Sulfamic Acid Market by Application
- 7.3 Mexico Sulfamic Acid Market
- 7.3.1 Mexico Sulfamic Acid Market by Form
- 7.3.2 Mexico Sulfamic Acid Market by Application
- 7.4 Rest of North America Sulfamic Acid Market
- 7.4.1 Rest of North America Sulfamic Acid Market by Form
- 7.4.2 Rest of North America Sulfamic Acid Market by Application
- Chapter 8. Company Profiles
- 8.1 Shandong Mingda Chemical Technology Co., Ltd.
- 8.1.1 Company Overview
- 8.1.2 SWOT Analysis
- 8.2 BASF SE
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.5.2 Product Launches and Product Expansions:
- 8.2.6 SWOT Analysis
- 8.3 Laizhou Jinxing Chemical Co. Ltd.
- 8.3.1 Company Overview
- 8.3.2 SWOT Analysis
- 8.4 DuPont de Nemours, Inc.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 SWOT Analysis
- 8.5 Brenntag SE
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Recent strategies and developments:
- 8.5.4.1 Acquisition and Mergers:
- 8.5.5 SWOT Analysis
- 8.6 Laizhou Guangcheng Chemical Co., Ltd
- 8.6.1 Company Overview
- 8.6.2 SWOT Analysis
- 8.7 Nissan Chemical Corporation
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental Analysis
- 8.7.4 Recent strategies and developments:
- 8.7.4.1 Partnerships, Collaborations, and Agreements:
- 8.7.5 SWOT Analysis
- 8.8 Akzo Nobel N.V.
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expenses
- 8.8.5 Recent strategies and developments:
- 8.8.5.1 Acquisition and Mergers:
- 8.8.6 SWOT Analysis
- 8.9 Yantai Sanding Chemical Co., Ltd.
- 8.9.1 Company Overview
- 8.9.2 SWOT Analysis
- 8.10. Honeywell International, Inc.
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expenses
- 8.10.5 Recent strategies and developments:
- 8.10.5.1 Partnerships, Collaborations, and Agreements:
- 8.10.6 SWOT Analysis
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