Industry Analysis of Ferrous Sulfate in Europe
Study on Ferrous Sulfate in Europe By Product Type (Hydrates, Anhydrous), By Grade (Food Grade, Industrial Grade, Pharmaceutical Grade), By End Use (Water Treatment Processing, Pharmaceutical Formulations, Agrochemical Production, Pigment Production, Cement Production, Animal Feedstock, Food Processing) and Country - 2023 to 2033
Industry Analysis of Ferrous Sulfate in Europe Covering Germany, France, Italy, The United Kingdom, Spain, Benelux, Nordics and many more
Ferrous Sulfate Sales Outlook in Europe (2023 to 2033)
Sales of ferrous sulfate in Europe are estimated at US$ 690.4 million in 2023, according to a newly published research report by Fact.MR. Revenue from the ferrous sulfate business in the region is predicted to rise at a CAGR of 3.2% and reach a market value of US$ 944.1 million by 2033-end.
Ferrous sulfate plays a significant role in multiple industries, including water treatment, agriculture, health, etc. Increasing health awareness, environmental concerns, and agricultural trends are some key factors that are projected to influence the demand for ferrous sulfate.
Growing emphasis on sustainability and advancements in production procedures are predicted to positively influence opportunities for suppliers of ferrous sulfate. Its use as a nutrition supplement is also projected to contribute to revenue streams.
More Europeans are becoming aware of the health issues related to iron deficiency that are predicted to lead to the growing consumption of ferrous sulfate supplements. Moreover, the implementation of some stringent environmental regulations resulted in the application of ferrous sulfate in the process used for water treatment.
|Ferrous Sulfate Sales in Europe (2023E)||US$ 690.4 Million|
|Forecasted Sales (2033F)||US$ 944.1 Million|
|Growth Rate (2023 to 2033)||3.2% CAGR|
|Sales Value in Germany (2033F)||US$ 273.1 Million|
|Sales Growth in United Kingdom (2023 to 2033)||3.5% CAGR|
|Sales Value in France (2023)||US$ 91.1 Million|
|Revenue Share of Hydrated Ferrous Sulfate (2033)||> 20%|
|Key Companies Profiled||
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What Opportunities Await Suppliers of Ferrous Sulfate in Europe?
“Increasing Use of Ferrous Sulfate in Several Industrial Processes”
Ferrous sulfate is used as one of the prominent components in pigment manufacturing. It is utilized to derive iron oxides that are prominently used as pigments in different industries, including plastics, coatings, paints, etc. These pigments offer a wide spectrum of colors, ranging from yellow and red to black and brown.
Significant growth in the paints & coatings sector in the European region, driven by infrastructure and construction development, is forecasted to propel the demand for ferrous sulfate across the region.
“Noteworthy Expansion of Healthcare and Pharmaceutical Sectors”
At present, the healthcare and pharmaceutical sectors in Europe are dynamic and robust. The use of ferrous sulfate as one of the popular iron supplements in the region is anticipated to boost opportunities for players significantly.
Ferrous sulfate is utilized as a staple ingredient in the pharmaceutical sector due to its high bioavailability, which means that the human body can not only absorb but also use iron content effectively. Ferrous sulfate tablets, syrups, intravenous formulations, and capsules are some key iron supplements that are manufactured by pharmaceutical companies in Europe.
Demand for FeSO4 in Germany is predicted to increase due to its growing use in different industrial procedures, including the manufacturing of inks, pigments, and a reducing agent in certain chemical reactions. Further, sales of ferrous sulfate in the United Kingdom are rising owing to increasing investments by players in R&D activities for its production and applications.
What’s Attracting Ferrous Sulfate Companies to Germany?
“Rising Use of Ferrous Sulfate to Increase Agricultural Productivity”
|Market Value (2023)||US$ 206.4 Million|
|Growth Rate (2023 to 2033)||2.8% CAGR|
|Forecasted Sales (2033)||US$ 273.1 Million|
Germany is one of the four prominent agricultural producers in the European region that is further predicted to boost demand for ferrous sulfate. It is used as one of the pivotal fertilizers to minimize the deficiency of iron in crops. The application of ferrous sulfate is predicted to increase in Germany owing to increasing requirements to improve agricultural productivity and inclination to high-quality crops.
What’s Influencing Demand for Ferrous Sulfate in the United Kingdom?
“High Emphasis on Clean and Safe Water Resources”
|Sales Value (2023)||US$ 111.8 Million|
|Growth Rate (2023 to 2033)||3.5% CAGR|
|Forecasted Sales (2033)||US$ 158.4 Million|
Strong emphasis is given in the United Kingdom on safe and clean water resources. Ferrous sulfate is utilized in different water treatment facilities to treat wastewater, control algae growth, and reduce phosphate levels. Implementation of stringent environmental regulations for clean water is projected to boost the use of ferrous sulfate in the procedure used for water treatment.
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According to the study published by Fact.MR, a market research and competitive intelligence provider, demand for industrial grade ferrous sulfate is predicted to increase steadily through 2033 because of its multifarious applications, including railroad tracks, automobiles, etc. Further, sales of ferrous sulfate for agrochemical production are anticipated to rise owing to its rising use in agriculture as a soil amendment and fertilizer to alleviate plant deficiencies.
Which End-use Application of Ferrous Sulfate is Hugely Popular?
“Growing Use of Ferrous Sulfate in Compound Fertilizers to Increase Crop Yield”
|Segment Value (2023)||US$ 319.7 Million|
|Growth Rate (2023 to 2033)||3% CAGR|
|Projected Value (2033)||US$ 431.4 Million|
Agriculture, as the backbone of any economy, is expanding in the European region. Ferrous sulfate is one of the prominent components used in compound fertilizers for the promotion of plant development. It is also used to promote photosynthesis.
In compound fertilizers, ferrous sulfate is used to prevent chlorosis, improve soil fertility, and reduce soil alkalinity. In addition, it finds application in the absorption of other pivotal nutrients, including nitrogen, phosphorous, etc.
New developments, ensuring quality control of products, management of supply chain systems, etc. are some pivotal areas on which players are working. Venator Materials PLC and Kemira Oyj are prominent suppliers of ferrous sulfate in Europe.
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Segmentation of Ferrous Sulfate Study in Europe
By Product Type :
By Grade :
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
By End Use :
- Water Treatment Processing
- Pharmaceutical Formulations
- Agrochemical Production
- Pigment Production
- Cement Production
- Animal Feedstock
- Food Processing
By Country :
- The United Kingdom
- FAQs -
Sales of ferrous sulfate in Europe stand at US$ 690.4 million in 2023.
Demand for ferrous sulfate is projected to rise at 3.2% CAGR from 2023 to 2033.
Sales of ferrous sulfate in the European region are predicted to reach US$ 944.1 million by 2033.
Sales of ferrous sulfate in the United Kingdom are projected to increase at a CAGR of 3.5% from 2023 to 2033.
Venator Materials PLC and Kemira Oyj are leading suppliers of ferrous sulfate.