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Ferrous Sulfate Market

Ferrous Sulfate Market Analysis By Type (Ferrous Sulfate Monohydrate & Ferrous Sulfate Heptahydrate) By Grade (Food Grade & Technical Grade Ferrous Sulfate) & By Application till 2032

Analysis of Ferrous Sulfate market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Ferrous Sulfate Market Outlook

The ferrous sulfate market is anticipated to grow at a CAGR 2.9% over the forecast period of 2022 to 2032 to reach 24,733 kilo tons by 2032 end.

Challenges impacting the entire ferrous sulfate supply chain have influenced the strategies of these two marquee players. Ferrous sulfate being a biproduct of titanium dioxide production, macroeconomic aspects associated with the latter are bound to impact the cost structure of the former. The fluctuation in pricing, on account of the oversupply of titanium dioxide, has led to strategic collaborations and joint ventures.



Market size value in 2021

USD 2.3 Billion

Market forecast value in 2032

USD 2.9 Billion

Global Growth Rate

CAGR 2.9%

Top 5 countries Market Share


Key Companies Profiled

  • Coogee Chemicals Pty Ltd
  • KRONOS Worldwide Inc.
  • Crown Technology, Inc.
  • Verdesian Life Sciences LLC
  • Rishi Chemical Works Pvt. Ltd.
  • Gokay Group
  • Rech Chemical Co. Ltd.
  • Venator Materials PLC.
  • Guangxi Jintao Titanium Co.Ltd.
  • Chemland Group

Demand for ferrous sulfate will remain steady, as the industry matures and witnesses confinements in innovations & developments. A recent Fact.MR report estimates nearly ferrous sulfate market value worldwide anticipated reach over 2.9 Bn by 2032-end.

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Demand Analysis of Ferrous sulfate from 2016 to 2021 Vs Market Outlook for 2022 to 2032

According to Fact.MR, historically, from 2016 to 2021, utilization of ferrous sulfate increased at around 2.0% CAGR, wherein, countries such as China, United States, India, Germany and Japan held a significant share in the global market. 

The global ferrous sulfate market has evolved significantly in recent years, on the back of increasing investments in new technologies to overcome performance and quality issues associated with the manufacturing of ferrous sulfate. Leading ferrous sulfate manufacturers are focusing on testing in-depth new production techniques, thereby targeting the emerging market, to capitalize on the burgeoning demand.

For the treatment and prevention of iron deficiency anaemia, ferrous sulfate has gained immense significance as medicine over the decades. Ferrous sulfate helps the body to make healthy red blood cells that carries oxygen around the body.

Moreover, Ferrous sulfate used in multi-nutrient fertilizer also ensures maximum absorption of other vital nutrients such as phosphorous and nitrogen. This factor continues to influence the demand for ferrous sulfate worldwide, in turn contributing to its market’s marginal growth.

Based on the aforementioned trends, the global Ferrous sulfate market is anticipated to grow at a CAGR of 2.9% over the long-term forecast period (2022-2032).

Below keypoints summarize the Ferrous sulfate market over the long-run forecast period

  • Asia Pacific and North America are projected to hold relatively larger shares, (collectively ~65% in the overall global market), owing to the rising demand from the cement manufacturing plants and agricultural sector
  • Among product type, the heptahydrate segment dominated the ferrous sulfate market with a ~95% share in terms of revenue by 2021 end
  • Among application, revenue contribution from the water treatment segment is anticipated to expand 1.4X during the forecast period. Cement, agriculture, animal  feedstock and pigments applications are also projected to exhibit significant growth
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What are the prominent driving factors of the Ferrous sulfate?

Ferrous sulfate is generally used as an additive in applications such as water treatment, agriculture, pigments, cement and animal feedstock, among others.

As per Fact.MR analysis, the demand for cement is estimated to grow in tandem with the growing construction industry. The global construction industry is anticipated to register a growth rate of over 5% due to increasing urbanization and the upward trend in investments from both, public and private entities, for infrastructural development. This factor is surging the demand for cement and, in turn, ferrous sulfate.

Moreover, increasing regulations regarding the cement manufacturing process are anticipated to provide impetus to the growth of the ferrous sulfate market. The dependency of ferrous sulfate production on titanium dioxide pigment production and the steel pickling process might have a negative impact on the market as it may create a supply crunch. Any slowdown seen by the titanium dioxide industry will downsize the availability of ferrous sulfate in the market. This may act as a decelerating factor in the ferrous sulfate market.

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Country-wise Analysis

What makes China a Prominent Market for Ferrous sulfate?

The ferrous sulfate market is dominated by the Asia Pacific leading by China, owing to the high presence of ferrous sulfate producers and consumers. Moreover, the country is witnessing over 18% of the global population. The fast-paced infrastructural developments in the country, coupled with the growing agricultural produce, are anticipated to help China remain dominant in the global ferrous sulfate market.

The technical grade segment is anticipated to have a higher impact in the China ferrous sulfate market. The applications of technical grade ferrous sulfate in water treatment and cement applications is gaining traction in China. Domestic manufacturers are fulfilling a prominent share of the country’s demand and also witnessing high volume export of ferrous sulfate to several destinations of Europe, North America, Middle East & Africa along with other Asian countries.

Category-wise Analysis

How Demand for Compound Fertilizers Influencing Sales of Ferrous Sulfate in Agriculture Industry?

Being the backbone of every economy, agriculture continues to witness steady growth worldwide. According to OECD and FAO, agricultural trade is expected to remain resilient to economic downturns. In a bid to cater to the growing demand for agricultural products, it has become imperative to produce maximum yield using compound fertilizers.

Against this backdrop, the increasing use of ferrous sulfate as a major ingredient in compound fertilizers has been witnessed, which facilitates development and growth, promoting photosynthesis in plants. In addition, ferrous sulfate in compound fertilizers also reduces the alkalinity of the soil in turn enhancing soil fertility and preventing chlorosis.

Ferrous sulfate used in compound fertilizers also ensures maximum absorption of other vital nutrients such as phosphorous and nitrogen. This factor continues to influence the demand for ferrous sulfate worldwide, in turn contributing to its market’s marginal growth.

Rising Premature Babies Influence Ferrous Sulfate Demand?

Ferrous sulfate acts as a brain development enhancer and supports the multiplication of red blood cells. The demand for ferrous sulfate is likely to remain influenced by its significant application in the therapeutic space where it is used as a preventive measure for anemia caused due to a lack of red blood cells, particularly among premature babies.

Increasing premature birth rates, especially in developed countries such as the United States, are expected to influence the use of ferrous sulfate in baby nutrition. In the US alone, around 10% of babies are born prematurely and rate of preterm birth. Likewise, in emerging economies such as China and India, a steady increase in premature births has become a subject of concern associated with baby nutrition and health.

If not properly monitored, every preterm birth could result in stillbirths within the first week of birth. As early-born babies lack the iron content needed for brain development, the use of ferrous sulfate is likely to witness an upsurge in this application in turn providing potential growth avenues for the ferrous sulfate market in the forthcoming years.

Global ferrous sulfate market forecast by Fact.MR

Competitive landscape

Ferrous sulfate market is considered to be extremely fragmented. Regardless of a high level of fragmentation in the ferrous sulfate market, the top two market participants continue to maintain their status quo by holding onto their ferrous sulfate revenue shares.

These two companies include Venator Materials PLC and Kronos Worldwide Inc. Collectively these two players account for around one-third revenue share of the overall ferrous sulfate market.

Ferrous sulfate Market Key Segments

  • By Type

    • Ferrous Sulfate Monohydrate
    • Ferrous Sulfate Heptahydrate
  • By Grade

    • Food Grade
    • Technical Grade
  • By Application

    • Water Treatment
    • Agriculture
    • Pigment
    • Cement
    • Animal Feedstock
    • Others

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In 2021, the ferrous sulfate market value surpassed USD 2.3 Bn

Sales of ferrous sulfate are projected to increase at a CAGR of over 2.9% during 2022 – 2032.

Sales of ferrous sulfate increased at a CAGR of over 2.0% during 2016 – 2021.

Tier-1 manufacturers of Ferrous sulfate account for about 71% share in the market.

The top 5 countries driving demand for Ferrous sulfate are the China, United States, India, Germany and Japan

North America accounted for nearly 19% of global Ferrous sulfate demand in 2021.

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