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

The sulfamic acid market is estimated to be valued at USD 171.77 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031. Sulfamic acid is an organic compound that is widely used in various industrial applications such as acid pickling of metals, food applications, and as a cleaning agent. It is a colorless crystalline solid that is highly soluble in water. Sulfamic acid has certain advantages over other acids, such as sulfuric acid and hydrochloric acid, as it is relatively mild, non-corrosive, and non-toxic. It has become a preferred replacement for acidic counterparts in several end-use industries owing to its safer nature. The global sulfamic acid market has been growing steadily over the past few years owing to rising demand from industries such as metal surface treatment, cosmetics, pharmaceuticals, and food preservatives among others.

 Market Dynamics:

The global sulfamic acid market is driven by factors such as growing metal surface treatment industry and increased use of sulfamic acid as an alternative to hazardous acids. Sulfamic acid offers better solubility and mild strength as compared to sulfuric acid and hydrochloric acid which has helped boost its adoption across various applications. However, the availability of substitutes such as sulfur dioxide and caustic soda can hamper the market growth. On the other hand, the development of advanced grades of sulfamic acid with additional properties is expected to create new opportunities for market players over the coming years.

Key Features of the Study:

• This report provides in-depth analysis of the global sulfamic acid 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 sulfamic acid 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 Golden Time Chemical (Jiangsu) Co., Ltd. , DI-CORP, Palm Commodities International, Raviraj Chemicals, Nissan Chemical Corporation, Donau Chemie, Acuro Organics Limited, Vedic Orgo LLP, Shandong Mingda Chemical Technology Co., Ltd, LaizhouZhongda Chemicals Co., Ltd, Honeywell International , Jinan Jinhao Chemical Co., Ltd., Laizhou Guangcheng Chemical Co., Ltd., Laizhou Jinxing Chemical, Shandong Mingda Chemical Technology Co., Ltd, Timuraya, and Yantai Sanding Chemical Co., Ltd.
• 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
• The global sulfamic acid 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 sulfamic acid market

Detailed Segmentation-

• By Application:
• • Industrial Equipment & Domestic Appliances
  • Dyes & Pigments
  • Paper & Pulp
  • Acid Cleaning
  • Electroplating & Electro-refining
  • Sulfation & Sulfonation
  • Others
• By Form:
• • Crystal
  • Powder
  • Liquid
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Golden Time Chemical (Jiangsu) Co., Ltd.
  • DI-CORP
  • Palm Commodities International
  • Raviraj Chemicals
  • Nissan Chemical Corporation
  • Donau Chemie
  • Acuro Organics Limited
  • Vedic Orgo LLP
  • Shandong Mingda Chemical Technology Co., Ltd
  • LaizhouZhongda Chemicals Co., Ltd
  • Honeywell International
  • Jinan Jinhao Chemical Co., Ltd.
  • Laizhou Guangcheng Chemical Co., Ltd.
  • Laizhou Jinxing Chemical
  • Shandong Mingda Chemical Technology Co., Ltd
  • Timuraya
  • Yantai Sanding Chemical Co., Ltd.