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

Regional Analysis

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North America has established itself as the dominant region in the global sulfamic acid market over the years. The region is expected to account for 34.7% of the market share in 2024. The region is home to vast chemical production facilities and major end-use industries such as textiles, pharmaceuticals, and metal treatment that are the key consumers of sulfamic acid. Stringent environmental regulations regarding the use of hazardous chemicals and growing preference for eco-friendly alternatives have further enhanced the consumption of sulfamic acid in North America. The U.S., in particular, has emerged as the largest producer and consumer of sulfamic acid due to significant investments by key players to expand their production capacities. Moreover, the presence of leading R&D facilities is enabling innovation and development of improved grades of sulfamic acid in the region.

The Asia Pacific region has been witnessing high growth in the sulfamic acid market over the recent past. Factors such as rapid industrialization, lowering trade barriers, and increasing population have boosted the demand from textile, dye, and metal treatment industries across the region. Countries like China, India, and Japan are major importers of sulfamic acid to meet their expanding industrial needs. Especially in China, shifting focus towards specialty chemicals from bulk chemicals production is augmenting sulfamic acid consumption. Further, growing pharmaceutical industry in the region is also driving the product uptake. Lower production costs and cheap labor availability in the region have attracted several international manufacturers to set up production bases in Asia Pacific to minimize transportation costs and strengthen their positions in the high potential market.