In 2022, the global market size for sulfamic acid amounted to USD 2.34 billion, and projections indicate a surge to USD 3.47 billion by 2032. This anticipates a notable compound annual growth rate (CAGR) of 4.2% throughout the forecast period. The escalating market revenue is primarily propelled by the increasing need for sulfamic acid across various sectors, such as cleaning agents, paper and pulp, and water treatment. The surge in demand within the cleaning sector is attributed to the widespread application of sulfamic acid in cleaning products, owing to its effectiveness in dissolving mineral deposits, rust, and challenging contaminants.
Sulfamic acid plays a crucial role as a bleaching and pulp delignification agent in the paper and pulp industry. The projected growth in market revenue is foreseen to be fueled by the heightened demand for paper and paper products in emerging economies. Additionally, the shift toward digitization has augmented the requirement for paper-based packaging, further contributing to the escalating demand for sulfamic acid in the paper and pulp industry.
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Market Overview:
Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.
While the wider patterns discussed in the previous section apply to the entire sector, the complexities of the distinctions among the various players indicate the need to analyze trends by segment of the industry. As part of its multiverse series, Deloitte classified chemical sector stakeholders into three groups: natural owners, distinctive commodities, and solution providers. Each of these groups usually has its own strategic imperatives. It is common for vertically integrated natural owners to prioritize continuous improvement over innovation when operating their businesses. By focusing on supply chain efficiency, market innovation, and cost optimization, differentiated commodities flourish in a highly fragmented and complex industry. This is exactly what solution providers do: they focus on maximizing the value of their unique products as well as their application expertise and services.
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Moreover, the report provides insight into how the Sulfamic Acid market will develop between 2023 and 2028. Companies operating in the Sulfamic Acid market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Sulfamic Acid market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Sulfamic Acid market and estimates market progress in terms of value (USD million) and volume (thousand units).
Competitive Landscape:
- Aditya Birla Chemicals
- BASF SE
- Changshu Nanhu Chemical Co., Ltd.
- City Chemical LLC
- Clean Science and Technology Private Limited
- ICL Group
- Lenntech B.V.
- Miracle Chemicals
- Nippon Carbide Industries Co., Inc.
- Tanfac Industries Ltd.
Market Segmentation
Form Outlook:
- Powder
- Liquid
Application Outlook:
- Cleaning Agents
- Industrial Chemicals
- Pharmaceuticals
- Food Additives
- Others
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology: Sulfamic Acid Market
The research methodology adopted by analysts to compile the Sulfamic Acid market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Sulfamic Acid market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Sulfamic Acid market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Sulfamic Acid market.
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