Ferrous Sulfate Market Regional Analysis:
North America Market Insights
North America ferrous sulfate market is expected to lead the ferrous sulfate industry with a share of 50.5% during the forecast period. The demand for the chemical is driven by the region's advanced water treatment infrastructure and the increased awareness of iron deficiency illnesses. The North American market is distinguished by the existence of well-established competitors and a significant degree of research and development activity focused on enhancing the safety and effectiveness of iron ferrous sulfate products.
The U.S. ferrous sulfate market has been expanding due to the growing need for agricultural applications and water treatment. Ferrous sulfate demand in this area is mostly driven by the region's expanding population, which in turn creates a need for clean water and higher agricultural output. A 2023 UN report states that 26% of people globally experience a shortage of clean water, while 46% of people lack access to properly managed sanitation. By 2050, 2.4 billion people are expected to be affected by water scarcity. As a result, it raises demand for improved regional water management.
Canada also has a role in the ferrous sulfate market, especially through the need for ferrous sulfate in flue gas desulfurization and effluent treatment is being driven by the industrial sector's increasing emphasis on green chemistry as well as the regulatory requirements of wastewater treatment. Millions of individuals worldwide suffer from iron deficiency anemia, which is frequently treated with ferrous sulfate, an iron supplement. Other illnesses, such as pregnancy-related anemia and restless legs syndrome, are also treated with it. Ferrous sulfate is being studied by researchers worldwide for its potential to treat cancer and celiac disease, among other illnesses.
Asia Pacific Market Insights
Asia Pacific is expected to experience a stable CAGR during the forecast period. The ferrous sulfate market is expanding quickly in the area due to urbanization and industrialization. The market in this area is being driven by the growing need for effective water treatment solutions as well as the rising demand for premium agricultural products. The demand for ferrous sulfate is being further increased by governments in the Asia-Pacific region, spending on environmental protection and infrastructure development projects.
The ferrous sulfate market is expanding as a result of China's expanding population and industrial sectors. Bailonggang, close to Shanghai, a city in Eastern China with a population of tens of millions, is one of the biggest wastewater treatment plants in the world. Purifying one-third of the wastewater from a catchment area larger than 270 km², or more than two million cubic meters, was the plant's daily objective. Six dry-installed SPN waste water pumps, six dry-installed ZL axial flow pumps, 241 Amacan submerged waste water pumps, and 65 Amarex KRT and Amarex N submersible motor pumps were all supplied by KSB.
In India, the growing need for portable water due to population growth calls for the development of treatment and distribution systems in addition to research into raw water sources. It accounts for around 2.45% of the world's land area and 4% of its water resources, but it also hosts 16% of the world's population. If population growth continues at its present rate of 1.9% per year, the population is expected to reach 1.5 billion by 2050. Water demand is expected to increase from 710 BCM in 2010 to over 1180 BCM in 2050, with households and companies using nearly 2.5 times as much water, according to the Planning Commission of the Government of India. India's growing urbanization is forcing local governments to provide hygienic conditions, safe drinking water, and infrastructure.
