Ferrous Sulfate Market Trends

Growth Drivers

Rising Prevalence of Iron-deficiency anemia: Iron-deficiency anemia is a major public health concern, particularly in developing countries. According to the World Health Organization (WHO), iron-deficiency anemia affects an estimated 1.62 billion people globally. Ferrous sulfate is a key ingredient in iron supplements, which are commonly used to treat iron-deficiency anemia.
Growing Demand for Agriculture Products: Ferrous sulfate is commonly used as a nutrient for crops, particularly in soils with low iron content.
Expansion of the Textile Industry: Ferrous sulfate is used as a dye in the textile industry, particularly for wool and silk. The textile industry employs over 60 million people worldwide, according to the International Textile Manufacturers Federation (ITMF).

Challenges

Fluctuations in raw material prices: The price of raw materials used in the production of Ferrous Sulfate, such as iron ore, sulfuric acid, and scrap iron, can be volatile and subject to price fluctuations, which can affect the cost of production.
Environmental concerns
Competition from alternative iron supplements

Ferrous Sulfate Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	8.1%
Base Year Market Size (2024)	USD 11.76 billion
Forecast Year Market Size (2037)	USD 32.58 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of ferrous sulfate is assessed at USD 12.53 billion.

The ferrous sulfate market size was over USD 11.76 billion in 2024 and is poised to reach USD 32.58 billion by the end of 2037, growing at around 8.1% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for food will drive the market growth.

Asia Pacific region is slated to hold largest revenue share by 2037, impelled by growing agriculture sector in the region.

The major players in the market include Venator Materials PLC, Chemifloc Limited, LKAB Minerals AB, Gokay Mining and Chemicals, Crown Technology, LLC, Rech Chemical Co. Ltd., KRONOS Worldwide, Inc., Chengdu XiYa Chemical Technology Co., Ltd., ERCO Worldwide, Belinka Perkemija d.o.o.

Ferrous Sulfate Market Trends