SULFAMIC ACID MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Sulfamic Acid Market Size and Trends

The sulfamic acid market is estimated to be valued at USD 171.77 Bn in 2024 and is expected to reach USD 243.31 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.

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The demand for sulfamic acid is expected to grow on account of increasing applications in the chemicals, pharmaceuticals, and food processing industries. Sulfamic acid is widely used as a pH control agent and cleaning product across various end-use sectors. Within the chemicals industry, the compound finds major usage in the production of sulfa drugs, dye stuffs, and other specialty chemicals. Moreover, increasing consumption of processed food and changing lifestyle are supporting the growth of the pharmaceuticals and food processing industries. This, in turn, is anticipated to drive the utilization of sulfamic acid in these industries. Growing awareness among consumers pertaining to hygiene and sanitation is further augmenting the product demand from cleaning products.

Impact of Cosmetic Industry

The global cosmetic industry has witnessed significant growth over the past few years. There has been a rising demand for various cosmetic products such as hair colorants, hair straighteners, hair fixers, hair conditioners, shampoos, skincare products, makeup items and others. Sulfamic acid plays a vital role in the formulation of many hair products and skincare items. It is widely used as a cleansing agent and pH controller in shampoos and conditioners. The acid helps in regulating the pH of these products to the slightly acidic range needed for optimal hair health. It also allows the product to properly cleanse and remove dirt, oil and other impurities from hair without stripping away its natural oils.

The growing cosmetic industry is presenting lucrative opportunities for the sulfamic acid market. Manufacturers are focusing on introducing innovative hair care and skincare products with natural and organic ingredients. This is increasing the demand for multifunctional ingredients like sulfamic acid that can aid in cleaning and conditioning while maintaining the right pH. Furthermore, rising disposable incomes and growing beauty consciousness among consumers, especially women, are fueling the sales of various haircare and skincare items. Changing lifestyles and increasing willingness to spend on personal care are other key factors driving the global cosmetic industry. As long as this industry continues to expand, it will drive significant growth in the consumption of sulfamic acid.

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Increased Demand from Cleaning Products Industry

Sulfamic acid is widely used as a pH adjuster and builder in the formulation of various hard surface cleaners and disinfectants. Properties like water solubility and acidity make it suitable for applications in bathroom cleaners, automatic dishwasher detergents, alkaline cleaners and other household and industrial cleaning products. The compound helps in maintaining the required acidic pH for these products to properly dissolve dirt, grease and stains. It also has mineral sequestering abilities that improve the cleaning performance.

The growing cleaning products industry worldwide has boosted the consumption of sulfamic acid considerably. Rising hygiene awareness, busy lifestyles, increasing household incomes and expanding urbanization are major factors fueling the sales of home and commercial cleaning items. Moreover, with the ongoing COVID-19 pandemic, consumers as well as institutions are placing more emphasis on cleanliness and hygiene, thus driving greater demand for disinfectants.