Ferrous Sulfate Market Industry Analysis, Trend and Growth, 2016-2026
Verfasser: ShashiiPawar on Wednesday, 4 January 2017Ferrous Sulfate: Industry Analysis
The ferrous sulfate, also known as the Green Vetriol or Copperas since the middle ages, essentially provides iron needed by the body. The ferrous sulfate market is booming in places where the population is high and is growing quickly, for instance China, India and U.S.A. Asia is a major stakeholder in the ferrous sulfate market and produces roughly around 80% of ferrous sulfate produced in the world. That apart, ferrous Sulfate is also used in animal feeds, water treatment fertilizers and as a catalyst. China, being the leading producer of the crystalline substance, will soon also dominate the market in the production of liquidized ferrous sulfate which is mostly used in the treatment of anemia.
Ferrous Sulfate Industry: Drivers and Restrains
As the animal feed industry as well as the fertilizer industry have been showing an appreciating increase in GDP since the last two years, it is quite likely that the ferrous sulfate market will grow with it. Another antecedent which helps to drive the ferrous sulfate market is the escalating price of the hydrochloric acid. Due to an increase in its prices, the pickling operation of the hydro chloric acid has been paused and ferrous sulfate is being used in place of hydrochloric acid.