The sulfamic acid market has witnessed significant
growth in recent years. Sulfamic acid or sulfamidic acid is an inorganic acid
containing sulfur and is widely used as a pH adjuster and cleaning agent. It is
known to be a strong acid and is less corrosive as compared to other sulfonic
acids such as sulfuric acid. Sulfamic acid possesses antibacterial properties
and acts as an efficient bleaching additive in detergents. It is used as a
catalyst, an oxidizing agent, a preservative, and in electrolysis of sodium
chloride for production of chlorine and caustic soda.
The
global sulfamic acid market is estimated to be valued at US$ 243.31 Bn in 2024
and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to
2031.
Key Takeaways
Key players operating in the sulfamic acid market are Golden Time Chemical
(Jiangsu) Co., Ltd., DI-CORP, Palm Commodities International, Raviraj
Chemicals, Nissan Chemical Corporation, Donau Chemie, Acuro Organics Limited,
Vedic Orgo LLP, Shandong Mingda Chemical Technology Co., Ltd, LaizhouZhongda
Chemicals Co., Ltd, Honeywell International , Jinan Jinhao Chemical Co., Ltd.,
Laizhou Guangcheng Chemical Co., Ltd., Laizhou Jinxing Chemical, Shandong
Mingda Chemical Technology Co., Ltd, Timuraya, and Yantai Sanding Chemical Co.,
Ltd. The growing demand from industries such as chemicals, pharmaceuticals,
rubber processing, cosmetics, and electroplating is a major factor driving the
growth of the Sulfamic
Acid Market Growth . Technological advancements in production
techniques and innovations in application areas have also contributed to the
increasing sales of sulfamic acid.
Market Trends and Opportunities
One of the key trends witnessed in the sulfamic acid market is the increasing
use of sulfamic acid as a bleaching agent and cleaning additive in detergents
and cleaners. Sulfamic acid is known to deliver excellent bleaching and stain
removal results while being environment-friendly. Another major trend is the
growing adoption of sulfamic acid as a catalyst for alkylation reactions in the
chemical processing industry. With rising chemical production worldwide, the
demand for sulfamic acid from this application segment is expected to surge.
The opportunities in the sulfamic acid market include capacity expansion
projects by leading players to cater to growing demand. Geographical expansion
into emerging regions of Asia Pacific and Latin America also presents lucrative
prospects. Investments in R&D for developing new application areas such as
agrochemicals and leather processing can further stimulate the demand.
Impact of COVID-19 on Sulfamic Acid
Market
The COVID-19 pandemic has significantly impacted the growth of the sulfamic
acid market. During the initial stages of the outbreak, major end-use
industries such as pharmaceuticals, dyes & pigments manufacturing, leather
tanning, and agrochemicals witnessed declines owing to nationwide lockdowns
across various countries. This negatively affected the demand for sulfamic
acid. Supply chain constraints and disruptions further exacerbated the challenges
for market players. However, with mass vaccination drives and easing of
restrictions post-2021, economic activities regained momentum. This stimulated
demand from end-user industries and revitalized the sulfamic acid market.
Pre-COVID, the market was growing at a steady pace due to increasing
applications in various sectors. The pharmaceutical industry represented a
major revenue pocket on account of rising use of sulfamic acid in the
manufacturing of antibiotics, antiviral drugs, analgesics, and other medicinal
products. However, the outbreak brought production and distribution activities
to a standstill in 2020. Post-COVID, there has been resurgence in demand from
the pharmaceutical sector to meet the growing need for medicines amid
continuing health concerns. This has accelerated market recovery. Going
forward, focus on pandemic preparedness and supply chain resilience is likely
to spur opportunities.
Europe Concentration for Sulfamic Acid
Market
In terms of value, Europe holds the largest share in the global sulfamic acid
market owing to robust demand from major end-use industries located in the
region. Countries such as Germany, France, Italy, and the UK are major
manufacturing hubs for pharmaceuticals, dyes & pigments, agrochemicals, and
other consumer goods where sulfamic acid finds extensive applications.
Stringent environmental regulations regarding the use of hazardous
sulfur-containing compounds in these industries also contribute to the large
Europe market. Moreover, the presence of leading sulfamic acid producers aids
regional market dominance. The European market is projected to grow steadily
during the forecast period with recovery in downstream sectors after COVID
disruptions and steady investments towards expansion of production capabilities.
Fastest Growing Region for Sulfamic Acid
Market
Asia Pacific region is expected to witness the fastest growth in the sulfamic
acid market during the forecast period. burgeoning populations, rising incomes,
and increasing industrial activity in Asia Pacific economies such as China,
India, Indonesia, and Vietnam are major demand driving factors. The expanding
pharmaceutical, agrochemical, textile, and detergent industries which rely
majorly on sulfamic acid-based products contribute to the large consumption.
Additionally, favorable government policies supporting local manufacturing and
easy availability of raw materials are prompting key players to advance or set
up production bases in Asia Pacific. This will significantly augment the
regional market of sulfamic acid over the coming years.
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Acid Market
About Author:
Money Singh is a seasoned content writer with over
four years of experience in the market research sector. Her expertise spans
various industries, including food and beverages, biotechnology, chemical and
materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
