Ferrous Sulfate Market Share

APAC Market Forecast

The ferrous sulfate market in the Asia Pacific region is slated to hold the largest revenue share by 2037. Regional growth is credited to the growing agriculture industry. Agriculture is the largest application segment for Ferrous Sulfate in the Asia Pacific region. According to the Food and Agriculture Organization (FAO), Asia accounts for over 90% of global rice production, which is one of the major crops treated with Ferrous Sulfate. The increasing demand for food and the need to improve crop yields are driving the growth of the Ferrous Sulfate market in the region. The increasing prevalence of iron deficiency anemia in the Asia Pacific region is also driving the demand for Ferrous Sulfate in the pharmaceutical industry.

North America Market Statistics

The ferrous sulfate market in the North American region is set to become the second-largest share during the forecast timeline. The growth of the market in this region can be attributed to the water treatment industry in the region. The water treatment industry is also a significant application segment for Ferrous Sulfate in North America. According to a report, the total public water supply withdrawals in the United States were 322 billion gallons per day in the year 2021. Ferrous Sulfate is commonly used as a coagulant in water treatment to remove impurities. The animal feed industry is also driving the demand for ferrous sulfate in North America.