According to a study conducted by Research Dive, the global sulfamic acid market forecast is expected to reach$7,037.3million by the end of 2026, registering 3.4% CAGR over the forecast period.
Growing demand for sulfamic acid due to its application in various industrial sectors and increasing demand for cosmetics that contain this chemical is fueling the growth of the Sulfamic acid market.
The key factors hampering the growth of the sulfamic acid market are the concerns related to health as it can cause many diseases such as, cellular level changes and cancer-related issues if used for a prolonged period and stringent government regulations.
The global sulfamic acid market is divided by form into powder and liquid. Among these, the powder sulfamic acid accounted for the highest market value and is projected to reach $3,938.4 million by 2026 growing at a CAGR of 3.2% during the forecast period. This growth is majorly due to the growing usage of powder sulfamic acid in the cleaning of water and dyeing and pigment industries. However,liquidaulfamicacid is anticipated to boost the sulfamic acid market by $3,099.0 million by 2026, growing at a CAGR of 3.7%.
Download the sample report to delve into the North America and LAMEA share in the global sulfamic acid market @ https://www.researchdive.com/160/sulfamic-acid-market
On the basis of application, the global sulfamic acid market is categorized into metal finishing, dyes &pigment, paper &pulp, plastic, and others. Among these, the sulfamic acid market for dyes &pigments application is anticipated to boost the global market to $1,666.5 million by 2026. This growth is majorly due to the rapid growth in clothes and other industries.
The global sulfamic acid market has been classified regionally into North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region held the largest market value of $2,580.4 million in 2018 and is
anticipated to reach $3,321.6 million by 2026, at a CAGR of 3.2% during the forecast period. The Europe Sulfamic Acid Market is anticipated to experience growth at a good pace during the forecasted time frame. The European market is anticipated to reach $1,323.0 million by 2026, growing at a CAGR of 4.0%.
Top gaining participants of the global sulfamic acid market are Nissan Chemical, Mingda Chemical, BASF SE, AkzoNobel N.V., DuPont, Jiangsu Yazhong, Palm Commodities, Yantai Sanding, Jiangsu Yazhong, among others. These key participants are concentrating on product improvements, mergers & acquisitions, collaborations and new product launches to gain a majority of the market share in the overall sulfamic acid industry.
Porter’s Five Forces Analysis for Sulfamic Acid Market:
- Bargaining power of suppliers: The key players present in this market are huge and the demand for sulfamic acid is also high, and thus the supplier’s power is
- Bargaining power of consumers: The number of consumers is very high. Due to this the bargaining power of consumers will also be
- The threat of new entrants: The threat for new entrants is high as the manufacturing price of sulfamic acid is
- The threat of substitutes: There are many alternatives for Sulfamic Acid, and thus the threat of substitutes
- Competitive rivalry in the industry: This market includes many market participants. These key players are following similar strategies for the improvement of technologies. The competitive rivalry in the industry is
Request for this Report Customization & Get 10% Discount on this Report @ https://www.researchdive.com/request-for-customization/160
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and a strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting their major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US) Toll
Free : +1 -888-961-4454
Email: [email protected]