Ferrous Sulfate Market

Global ferrous sulfate market is estimated to be valued at USD 2.58 Bn in 2024 and, exhibiting a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031. Ferrous sulfate is an inorganic compound with the formula FeSO₄(H₂O)x, where x can range from 0 to 7. It is used as a nutritional supplement because of its high iron content. It contains iron in a form that is readily available and easily absorbed by the body. Ferrous sulfate is commonly used to treat and prevent iron deficiency anemia. It is one of the primary compounds used in fertilizers for its ability to deliver iron to plants. Global ferrous sulfate market has been gaining momentum in recent times due to rising awareness about iron deficiency and the growth of the agriculture sector.

 Market Dynamics:

Global ferrous sulfate market growth is driven by growing prevalence of iron-deficiency anemia across the world. Iron deficiency is one of the most common nutritional deficiencies worldwide, prominently affecting young children and women. According to the WHO, approximately 2 billion people suffer from iron deficiency globally. Ferrous sulfate supplements are extensively prescribed by doctors as an effective treatment for iron deficiency. The market is also witnessing opportunities due to increasing demand for iron-enriched crops from the agricultural industry. Ferrous sulfate acts as a micronutrient fertilizer that supplies iron to plants and improves their chlorophyll content as well as overall quality. However, factors such as side effects associated with excessive intake of ferrous sulfate like nausea, constipation can hamper the market growth. Stringent regulations pertaining to the use of ferrous sulfate in agricultural applications also pose challenges.

 Key Features of the Study:

• This report provides in-depth analysis of the global ferrous sulfate market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global ferrous sulfate market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include 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., PJSC Sumykhimprom., Nilkanth Organics, Hemadri Chemicals, Ennore India Chemicals, Rishi Chemicals, Bhagwati Chemicals, Vinipul Inorganics India Pvt. Ltd., Meghachemi Industries, Shrinath Enterprises, Ottokemi, and Destiny Chemicals
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global ferrous sulfate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ferrous sulfate market

Detailed Segmentation-

• Type:
• • Monohydrate
  • Heptahydrate
• Application:
• • Pharmaceutical
  • Water Treatment
  • Cement
  • Agricultural
  • Food & Animal Feed
  • Others (Pigments, etc.)
• Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • 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.
  • PJSC Sumykhimprom.
  • Nilkanth Organics
  • Hemadri Chemicals
  • Ennore India Chemicals
  • Rishi Chemicals
  • Bhagwati Chemicals
  • Vinipul Inorganics India Pvt. Ltd.
  • Meghachemi Industries
  • Shrinath Enterprises
  • Ottokemi
  • Destiny Chemicals