Industry Analysis of Ferrous Sulfate in North America
Demand Analysis of Ferrous Sulfate in North America By Product Type (Hydrated, 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 By Country - Market Forecast Report 2023 to 2033
Industry Analysis of Ferrous Sulfate in North America Covering U.S and Canada
Ferrous Sulfate Demand Outlook for North America (2023 to 2033)
Ferrous sulfate sales in North America account for a valuation of US$ 662.6 million in 2023 and are forecasted to increase at 6% CAGR over the next ten years (2023 to 2033. As a result, the North American market is projected to reach a value of US$ 895.5 million by the end of 2033.
Growing use of ferrous sulfate in wastewater treatment plants is projected to be the primary prospect governing ferrous sulfate sales in the North American region over the next ten years. High demand for nutritional supplements and animal feed with high iron content to treat and eliminate iron deficiency are also extrapolated to benefit ferrous sulfate demand across the study period and beyond. The majority of revenue from ferrous sulfate shipments in North America is slated to come from the United States through 2033.
- 5,895.4 KT of ferrous sulfate in North America is predicted to be utilized in the United States by the end of 2033.
|Ferrous Sulfate Sales in North America (2023)||US$ 662.6 Million|
|Projected Sales Value (2033F)||US$ 895.5 Million|
|Demand Growth (2023 to 2033)||6% CAGR|
|Volume in Canada (2023)||688 KT|
|Sales Growth in United States (2023 to 2033)||3.1% CAGR|
|Anhydrous Ferrous Sulfate Demand Volume (2033F)||826.4 KT|
|Key Companies Profiled||
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What Could Impede Ferrous Sulfate Demand Growth in North America?
“Rising Availability of Ferrous Sulfate Alternatives Major Challenge”
Alum and ferric chloride are popular alternatives to ferrous sulfate that have been gaining popularity in different end uses where ferrous sulfate was being used extensively and somewhat exclusively in specific cases. Moreover, the volatility in the prices of raw materials used for the production of ferrous sulfate is also forecasted to inhibit shipments of ferrous sulfate in North America across the study period.
Find more details of aspects such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study for ferrous sulfate by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Investing in the United States is a no-brainer for almost all ferrous sulfate vendors but opting to expand business in Canada could provide highly rewarding returns for companies willing to do so.
What’s Pulling Ferrous Sulfate Vendors to the United States?
“High Use of Ferrous Sulfate in Iron Deficiency Medication Formulations”
|Sales Value (2023)||US$ 577.2 Million|
|Market Growth Rate (2023 to 2033)||3.1% CAGR|
|Projected Sales (2033)||US$ 784.8 Million|
The number of people suffering from iron deficiency and iron-related disorders in the United States has been increasing over the past couple of decades, which has resulted in a high demand for iron deficiency medications in the country. The growing use of ferrous sulfate in the formulation of the aforementioned medications is projected to bolster sales of ferrous sulfate in the long run.
Rising investments in pharmaceutical R&D and the presence of key pharmaceutical companies in the country are also anticipated to favor demand for ferrous sulfate across the study period.
What Opportunities Does Canada Have in Store for Ferrous Sulfate Suppliers?
“Rising Demand for Water Treatment and Growing Consumption of Nutritional Supplements”
|Sales Value (2023)||US$ 85.5 Million|
|Market Growth Rate (2023 to 2033)||2.6% CAGR|
|Projected Sales (2033)||US$ 110.7 Million|
Clean water is of utmost importance in Canada’s efforts to improve sustainability and reduce the amount of waste found in water bodies across the country. Ferrous sulfate is an important ingredient used in water treatment plants and as the country focuses on sustainability it is projected to bolster its demand in the long run.
As ferrous sulfate salts come from iron they are seen as a nutritional ingredient that is being used widely in the formulation of dietary supplements and nutraceuticals. Growing focus on health and fitness is uplifting the sales of ferrous sulfate for the formulation of different nutritional supplements in Canada.
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Ferrous sulfate suppliers in the North American region are projected to focus on manufacturing and supply of hydrated ferrous sulfate to take their business to the next level.
Which Type of Ferrous Sulfate is Most Widely Used?
“Hydrated Ferrous Sulfate to Hold Leading Share in Product Sales”
|Sales Value (2023)||US$ 577.8 Million|
|Segment Growth Rate (2023 to 2033)||3.1% CAGR|
|Projected Value (2033)||US$ 785.5 Million|
An increasing number of people suffering from iron deficiency are projected to bolster the demand for hydrated ferrous sulfate as it is used to treat the same. Moreover, the growing demand for ferrous sulfate in water processing and animal feed preparation is also slated to allow hydrated ferrous sulfate to hold a dominant share in the North American region in terms of value as well as volume. Demand for monohydrate and heptahydrate ferrous sulfate is projected to increase at a good pace over the coming years.
- Hydrated ferrous sulfate demand accounts for a volume of 4,650.4 KT in 2023 and is set to attain a revenue value of US$ 785.5 million by the end of the study period.
Ferrous Sulfate of Which Grade Leads in Terms of Volume?
“Industrial Grade Ferrous Sulfate Maintaining Hegemony”
|Sales Value (2023)||US$ 512.2 Million|
|Segment Growth Rate (2023 to 2033)||3% CAGR|
|Projected Sales (2033)||US$ 689.4 Million|
Efforts of the United States to make it a manufacturing hub and reduce reliance on imports of different products are projected to create a highly opportune scenario for suppliers of industrial-grade ferrous sulfate in the North American region. Rising investments in the establishment of different manufacturing plants in different parts of North America and the growing use of ferrous sulfate in water treatment plants are also slated to bolster shipments of industrial-grade ferrous sulfate across the study period.
- Volume of industrial-grade ferrous sulfate used in North America is projected to reach 5,178.7 KT by the end of 2033.
Top ferrous sulfate companies are opting for strategies such as mergers, acquisitions, and collaborations to expand their business scope in the North American region going forward.
- In January 2021, USALCO LLC, a leading supplier of specialty chemicals based in Maryland, United States, announced that it had completed the acquisition of Al Chem Specialties and CalChem to provide better services and products for USALCO’s customers all across the United States.
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Segmentation of Ferrous Sulfate Study in North America
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 :
- United States
- FAQs -
Sales of ferrous sulfate in North America have reached US$ 662.6 million in 2023.
Demand for ferrous sulfate is forecasted to reach a value of US$ 895.5 million by 2033-end.
The market in North America is projected to increase at 6% CAGR from 2023 to 2033.
Ferrous sulfate sales in the United States are set to rise at 3.1% CAGR over the next ten years.
Chemtrade Logistics, Olin Corporation, Eastman Chemical Company, Ferro Corporation, and Mallinckrodt Inc. are key manufacturers of ferrous sulfate.