Global Iron Sulphate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Iron Sulphate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Iron sulphate or ferrous sulfate denotes a range of salts with the formula FeSO4·xH2O. The hydrated form is used medically to treat iron deficiency, and also for industrial applications. Iron sulphate can be used to make iron salts, iron oxide pigments, mordant, water purifier, disinfectant, etc.

Market Overview:

The latest research study on the global Iron Sulphate market finds that the global Iron Sulphate market reached a value of USD 1013.25 million in 2022. It’s expected that the market will achieve USD 1258.97 million by 2028, exhibiting a CAGR of 3.69% during the forecast period.

Iron Sulphate is widely used

Iron Sulphate can be used for flocculation purification of water, and removal of phosphate from urban and industrial sewage to prevent eutrophication of water bodies. A large amount of Iron Sulphate is used as a reducing agent, mainly to reduce chromate in cement. Iron Sulphate is used to treat iron deficiency anaemia; it is also used to add iron to food. Long-term excessive use may cause side effects such as abdominal pain and nausea. It can also be used as a local astringent and blood tonic in medicine and can be used for chronic blood loss caused by uterine fibroids. It can be used as a chromatographic analysis reagent, spot analysis to determine platinum, selenium, nitrite and nitrate, etc. Because of its wide range of uses, it is also driving the development of the market.

The development of downstream industries drives the growth of the Iron Sulphate market demand

With the rapid development of the breeding industry, the amount of compound feed is also increasing, and Iron Sulphate is one of the main feed additives, and the amount is also increasing. When a large amount of Iron Sulphate is used for feed and enters the soil with the excretion of animals, it can still have an effect on crops. The market usage of the product is relatively large. Food grade and water treatment grade pharmaceutical grade Iron Sulphate is also used more and more, especially in the water treatment industry, which requires the use of iron-based water treatment agents to replace the widely used aluminum salt products, which greatly increases the consumption of Iron Sulphate.

Region Overview:

In 2021, the share of the Iron Sulphate market in Europe stood at 26.10%.

Company Overview:

Lomon Billions Group, Venator Materials, Guangxi Jinmao Titanium were the top 3 players in the Iron Sulphate market in 2022, taking up a market share of 33.78% together.

Segmentation Overview:

Among different product types, Technical Grade segment is anticipated to contribute the largest market share in 2027.

Technical Grade is mainly used in industrial applications. Iron Sulphate is mainly used in the industry to manufacture iron salts, inks, mordants, bleaching agents, dyes, wood preservatives, disinfectants, etc. Ferrous sulfate can also be used to remove phosphate in urban and industrial sewage to prevent Eutrophication of water bodies.

Food Grade is mainly used as nutritional supplement (iron fortifier) and fruit and vegetable color development agent in the food industry.

Feed Grade is often used as an iron supplement in feed. It has a good effect on supplementing nutritional iron for livestock, preventing the occurrence of anemia in animals, and enhancing the resistance of livestock to diseases during growth. In the aquaculture industry, if the fish has gill rot, it is generally used in combination with copper sulfate pentahydrate and Iron Sulphate heptahydrate.

Application Overview:

By application, the Iron Oxide Pigment segment occupied the biggest share from 2017 to 2022.

Iron Oxide Pigment is reliable tinters suitable for all mediums including arts and crafts, plasters, cements and more. Iron Sulphate can be used as a raw material for the manufacture of magnetic iron oxide, iron oxide red and iron blue inorganic pigments, iron catalysts and poly ferric sulfate.

Iron Sulphate is widely used as a water treatment flocculant. As a water purification material, it is very useful for treating alkalinity in sewage and removing phosphate from urban and industrial sewage to prevent eutrophication of water bodies, and the treatment effect is obvious.

Feed additive Iron Sulphate has the characteristics of high iron content, good solubility, pure color, no caking, good fluidity, no crushing, no sieving. Iron Sulphate is the best ingredient choice for iron supplement in feed processing production.

Key Companies in the global Iron Sulphate market covered in Chapter 3:

Lomon Billions Group
Kronos Worldwide Inc
Venator Materials
Verdesian Life Sciences
Guangxi Jinmao Titanium
Rech Chemical
Crown Technology
Nanjing Suru
Gokay Group
Tronox
Chemland chemicals

In Chapter 4 and Chapter 14.2, on the basis of types, the Iron Sulphate market from 2018 to 2029 is primarily split into:

Technical Grade
Food Grade
Feed Grade
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Iron Sulphate market from 2018 to 2029 covers:

Iron Oxide Pigment
Water Treatment
Feed
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)