FERROUS SULFATE MARKET ANALYSIS

Ferrous Sulfate Market Size and Trends

Global ferrous sulfate market is estimated to be valued at USD 2.58 Bn in 2024 and is expected to reach USD 3.19 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031.

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Global ferrous sulfate market is expected to witness a positive growth trend over the forecast period. The growing demand from agriculture industry is expected to be a key driver. Ferrous sulfate is an important iron supplement for plants. It is widely used as a fertilizer to treat iron deficiencies and chlorosis in crops. Rising consumption of meat and poultry boosts demand for ferrous sulfate from animal feed industry. Being an affordable source of iron, it is a commonly used feed additive. Furthermore, water treatment plants extensively use ferrous sulfate for purification of water resources. Its ability to remove pollutants such as fluorides and phosphates from water is augmenting its use in this application.

Water Treatment Industry

Ferrous sulfate is extensively used as a coagulant in water treatment plants for purification of drinking water. It is used to remove impurities from raw water sources such as lakes and rivers before the water is supplied to households and industries. Ferrous sulfate helps to reduce turbidity in water by binding suspended solid particles together so that these settled at the bottom. This allows production of crystal clear potable water conforming to stringent quality standards. As population grows, demand for clean drinking water increases. Rapid urbanization and industrialization especially in developing nations is exerting pressure on existing water resources. This is prompting significant investments in infrastructure for water treatment. Growing emphasis on reuse of wastewater for non-potable purposes like in construction industry or landscape irrigation is also fueling expansion of water treatment plants. Widened application of membrane technologies for water purification worldwide can drive the market growth.

Agricultural Practices

Another key use of ferrous sulfate is as a micronutrient fertilizer for iron deficiency in agricultural crops and turf grasses. Growing agriculture sector is expected to drive the market growth. For instance, in FY 2023, it is projected that the Indian agriculture sector will grow at the rate 3.5. Iron is an essential micronutrient for optimal plant growth but many soils lack sufficient iron content to meet the requirement of crops. Application of ferrous sulfate prevents iron deficiency chlorosis, a condition which causes yellowing or bleaching of younger leaves and stunts overall growth of plants. Rising global population and declining per capita farmland especially in Asia Pacific region is propelling intensive cultivation practices to boost yields. This has increased usage of micronutrient mixtures including ferrous sulfate to enhance resistance of crops to biotic and abiotic stresses. Growing trend of urban gardening and home landscaping in Western countries is also stoking sales from garden centers and retailers. Furthermore, large scale plantation of trees for afforestation programs will create steady demand for ferrous sulfate fertilizers in nurseries.