Global Sulfamic Acid Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 5.5% through 2020 to 2027, reaching US$ XX Bn. The report has covered region wise market trends with competitive landscape. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Global Sulfamic Acid Market
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Global Sulfamic Acid Market Definition:
Sulfamic acid is an odorless and hygroscopic white crystalline solid, which is water-soluble. Sulfamic acid is a safe and powerful acid, which is suitable for descaling applications and acid cleaning. Sulfamic acid is considered less corrosive to metals than other strong acids like hydrochloric acid.
Global Sulfamic Acid Market Dynamics:
The global sulfamic acid market is driven by the growing demand from the personal care sector because of increased spending on cosmetic products by the young population and the increasing demand for sulfamic acid in several industrial applications. The use of sulfamic acid in personal care products is considered to be safe, which is increasing demand for sulfamic acid in the personal care sector has a positive impact on the market growth over the upcoming period. Sulfamic acid is a water-soluble compound, which is broadly utilized as a cleaning agent in industrial applications is likely to impel market growth in coming years. However, the prolonged usage of sulfamic acid causes cancer, and stringent government regulation for the use of sulfamic acid may hamper the market growth at a global level.
The dyes and pigments segment accounted for the largest market share of 20% in 2019
By application, the dyes and pigments segment accounted for the largest market share of 20% in 2019 and is expected to grow at a CAGR of XX% during the forecast period. The sulfamic acid is broadly utilized in the manufacturing of dye and pigments that help to remove an excess of nitrides during the diazotization reaction. The key application of dyes and pigment is observed in textile, paints, plastic, cosmetics, food, and fabric industries are expected to drive the demand for sulfamic acid in the coming years.
Asia Pacific held the dominant market share of 40% in 2019
Geographically, Asia Pacific held the dominant market share of 40% in 2019 and is expected to reach US$ XX Mn by the end of 2027, with a CAGR of XX%. The rising demand for sulfamic acid in China and India is the major factor fuelling the market growth because of the increase in consumption of sulfamic acid products in paper packaging, plastics, pharmaceutical, and pigment applications in these economies. Increasing investment in research & development activities for the introduction of an advanced type of sulfamic acid is predicted to accelerate the market growth in the near future. China is estimated to hold the largest market share of XX% by 2027 because of the presence of key players and the growth in the cosmetic industry.
North America held the second-largest market share of XX% in 2019, thanks to the increasing demand for sulfamic acid in the paper manufacturing and cosmetic industries in the region.
In terms of revenue, Europe is expected to grow at a CAGR of xx% during the forecast period thanks to the rising research & development activities and the rise in the application of sulfamic acid in the region.
The objective of the report is to present a comprehensive analysis of the Global Sulfamic Acid Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Sulfamic Acid Market dynamics, structure by analyzing the market segments and projects the Global Sulfamic Acid Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Sulfamic Acid Market make the report investor’s guide.
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Global Sulfamic Acid Market, by Product Type
Global Sulfamic Acid Market, by Application
• Agriculture/Animal Feed
• Food and Beverages
• Metal Finishing
• Dyes & Pigments
• Paper & Pulp
Global Sulfamic Acid Market, by Region
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Global Sulfamic Acid Market, Major Players
• AkzoNobel N.V
• Jiangsu Yazhong
• Nissan Chemical
• Raviraj Chemicals
• Palm Commodities
• Mingda Chemical
• Yantai Sanding
• Laizhou Jinxing
• Shandong Xingda
• Nanjing Jinzhang
• Laizhou Guangcheng
• Jiangsu Yazhong
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