Sulfamic Acid Trends and Forecast
The future of the global sulfamic acid market looks promising with opportunities in the metal finishing, dye & pigment, paper & pulp, and plastic markets. The global sulfamic acid market is expected to reach an estimated $0.5 billion by 2030 with a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are surge in the need for sulfuric acid primarily stems from its use in cleaning heat exchangers, boilers, condensers, descaling toilets, jackets, coils, and addressing efflorescence-related issues and increased demand from the automotive and agricultural industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Sulfamic Acid by Segment
The study includes a forecast for the global sulfamic acid by form, application, and region.
Sulfamic Acid Market by Form [Shipment Analysis by Value from 2018 to 2030]:
• Powder
• Liquid
Sulfamic Acid Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Metal Finishing
• Dyes & Pigments
• Paper & Pulp
• Plastic
• Others
Sulfamic Acid Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Sulfamic Acid Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sulfamic acid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sulfamic acid companies profiled in this report include-
• Laizhou Guangcheng Chemical
• Palm Commodities International
• Shandong Mingda Chemical Technology
• Nanjing Jinzhang Industrial
• BASF SE
• Shandong Xingda Chemical
• AkzoNobel
Sulfamic Acid Market Insights
Lucintel forecasts that powder will remain the larger segment over the forecast period due to its growing adoption as a cleaning agent for metals and ceramics.
Within this market, metal finishing will remain the largest segment.
APAC will remain the largest region over the forecast period due to rapid urbanization and increasing crop yield in the region.
Features of the Global Sulfamic Acid Market
Market Size Estimates: Sulfamic acid market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sulfamic acid market size by form, application, and region in terms of value ($B).
Regional Analysis: Sulfamic acid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different forms, applications, and regions for the sulfamic acid market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sulfamic acid market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the sulfamic acid market size?
Answer: The global sulfamic acid market is expected to reach an estimated $0.5 billion by 2030.
Q2. What is the growth forecast for sulfamic acid market?
Answer: The global sulfamic acid market is expected to grow with a CAGR of 10.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the sulfamic acid market?
Answer: The major drivers for this market are surge in the need for sulfuric acid primarily stems from its use in cleaning heat exchangers, boilers, condensers, descaling toilets, jackets, coils, and addressing efflorescence-related issues and increased demand from the automotive and agricultural industries.
Q4. What are the major segments for sulfamic acid market?
Answer: The future of the sulfamic acid market looks promising with opportunities in the metal finishing, dye & pigment, paper & pulp, and plastic markets.
Q5. Who are the key sulfamic acid market companies?
Answer: Some of the key sulfamic acid companies are as follows:
• Laizhou Guangcheng Chemical
• Palm Commodities International
• Shandong Mingda Chemical Technology
• Nanjing Jinzhang Industrial
• BASF SE
• Shandong Xingda Chemical
• AkzoNobel
Q6. Which sulfamic acid market segment will be the largest in future?
Answer: Lucintel forecasts that powder will remain the larger segment over the forecast period due to its growing adoption as a cleaning agent for metals and ceramics.
Q7. In sulfamic acid market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid urbanization and increasing crop yield in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the sulfamic acid market by form (powder and liquid), application (metal finishing, dyes & pigments, paper & pulp, plastic, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Sulfamic Acid Market, Sulfamic Acid Market Size, Sulfamic Acid Market Growth, Sulfamic Acid Market Analysis, Sulfamic Acid Market Report, Sulfamic Acid Market Share, Sulfamic Acid Market Trends, Sulfamic Acid Market Forecast, Sulfamic Acid Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.