Product Code: ETC193356 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
The India ferrous sulfate market import shipment experienced a significant decline with a CAGR of -34.4% from 2020 to 2024. The growth rate between 2023 and 2024 further decreased by -19.0%, indicating a continued slowdown in market expansion. The trend suggests a notable contraction in import volumes over the specified period.
Ferrous sulfate has gained traction in the India market due to its wide range of applications. It is used as a dietary supplement for iron deficiency, an additive in animal feed, and a coagulant for purifying water and wastewater. India is among the world???s leading producers of ferrous sulfate (FeSO4), with an annual production capacity of nearly 600 thousand tons. The growing demand from various industries such as agriculture, food & beverages, health care, paints & coatings, etc., are expected to drive the growth of ferrous sulfate market in India during the forecast period 2025-2031.
The major factor driving growth in this segment is increasing demand from different sectors that use ferrous sulphates such as agriculture sector where it`s used to improve soil fertility; pharmaceutical industry where it`s used both internally -for example Iron supplements-and externally for skin disorders; water treatment facilities; leather production etc.. Additionally growing awareness about potential benefits provided by this compound coupled with innovation towards cost effective solutions offered by manufacturers will further propel market expansion over next few years. Moreover increasing industrialization activities along with government initiatives encouraging sustainable development will have positive impact on India Ferrous Sulphates Market size.
The key challenge faced by players operating within this domain includes the availability raw materials required to manufacture ferric sulfates which may lead to volatile pricing dynamics affecting overall profitability margins. Moreover environmental concerns related release of toxic gases/substances while the manufacturing process may become roadblocks hampering opportunities associated with the same thereby restraining the adoption rate over the foreseeable future.
Some leading players within IndiaFerous Sulphates Market includes Navin Fluorine International ltd , Sunil Health Care Ltd ,
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Ferrous Sulfate Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Ferrous Sulfate Market Revenues & Volume, 2021 & 2031F |
3.3 India Ferrous Sulfate Market - Industry Life Cycle |
3.4 India Ferrous Sulfate Market - Porter's Five Forces |
3.5 India Ferrous Sulfate Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Ferrous Sulfate Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 India Ferrous Sulfate Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 India Ferrous Sulfate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for ferrous sulfate in agriculture sector for soil enrichment and plant growth |
4.2.2 Growing awareness about the benefits of ferrous sulfate in treating iron deficiency in humans and animals |
4.2.3 Rise in industrial applications of ferrous sulfate in water treatment and wastewater management |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in ferrous sulfate production |
4.3.2 Stringent environmental regulations impacting the production and usage of ferrous sulfate |
4.3.3 Competition from alternative iron supplements and fertilizers affecting market growth |
5 India Ferrous Sulfate Market Trends |
6 India Ferrous Sulfate Market, By Types |
6.1 India Ferrous Sulfate Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Ferrous Sulfate Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 India Ferrous Sulfate Market Revenues & Volume, By Ferrous Sulfate Heptahydrate, 2021-2031F |
6.1.4 India Ferrous Sulfate Market Revenues & Volume, By Ferrous Sulfate Monohydrate, 2021-2031F |
6.1.5 India Ferrous Sulfate Market Revenues & Volume, By Ferrous Sulfate Tetrahydrate, 2021-2031F |
6.1.6 India Ferrous Sulfate Market Revenues & Volume, By Ferrous Sulfate Anhydrous, 2021-2031F |
6.1.7 India Ferrous Sulfate Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Ferrous Sulfate Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 India Ferrous Sulfate Market Revenues & Volume, By Granule/Powder, 2021-2031F |
6.2.3 India Ferrous Sulfate Market Revenues & Volume, By Liquid, 2021-2031F |
6.3 India Ferrous Sulfate Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 India Ferrous Sulfate Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.3 India Ferrous Sulfate Market Revenues & Volume, By Water Treatment, 2021-2031F |
6.3.4 India Ferrous Sulfate Market Revenues & Volume, By Pigments, 2021-2031F |
6.3.5 India Ferrous Sulfate Market Revenues & Volume, By Construction (Cement), 2021-2031F |
6.3.6 India Ferrous Sulfate Market Revenues & Volume, By Chemical Production/Intermediates, 2021-2031F |
6.3.7 India Ferrous Sulfate Market Revenues & Volume, By Agrochemicals/Fertilizers, 2021-2031F |
6.3.8 India Ferrous Sulfate Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 India Ferrous Sulfate Market Revenues & Volume, By Others, 2021-2031F |
7 India Ferrous Sulfate Market Import-Export Trade Statistics |
7.1 India Ferrous Sulfate Market Export to Major Countries |
7.2 India Ferrous Sulfate Market Imports from Major Countries |
8 India Ferrous Sulfate Market Key Performance Indicators |
8.1 Number of new product developments and innovations in the ferrous sulfate market |
8.2 Adoption rate of ferrous sulfate in different industries and applications |
8.3 Level of investment in research and development activities related to improving ferrous sulfate production processes |
9 India Ferrous Sulfate Market - Opportunity Assessment |
9.1 India Ferrous Sulfate Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Ferrous Sulfate Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 India Ferrous Sulfate Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 India Ferrous Sulfate Market - Competitive Landscape |
10.1 India Ferrous Sulfate Market Revenue Share, By Companies, 2024 |
10.2 India Ferrous Sulfate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |