Iron Sulphate Heptahydrate Market is Estimated to Witness Significant Growth
Global Iron Sulphate Heptahydrate Market Report, published by Accurize Market Research, forecast that the global market is expected to reach $ Billion by 2026, growing at a CAGR of % from 2019 to 2026. Asia- Pacific region dominated in terms of growing consumption while the increasing trends in the pharmaceutical industries dominated the North American market.
Market Introduction and Market Dynamics
Iron Sulfate Heptahydrate is commonly known as Green Vitriol OR Copperas. It is one of the WHO’s Model List of Essential Medicines (EML) compounding the major demand from the medical sector. Iron sulfate heptahydrate is soluble in water & acids showing the octahedral molecular geometry. It is formed during the manufacturing of titanium dioxide from ilmenite. To fulfill the demand of the growing population and the extensive use in the chemical industry are the dominant factors for growth. However, the high implementation cost of the extraction process and less availability may hamper the growth. Further, wide use in the textile industry, chemical & food industry is expected to generate opportunities in the upcoming years.
Market Segmentation & Crisp Analysis
The global iron sulfate heptahydrate market is segmented into application and geography. By application, the market is divided into water purification, nutrition supplement, fertilizer pesticide, cement, additive, chromatographic agent, textile dye fixative, coloring agent, analytical agent, local astringent and others.
Regional Segmentation and Crisp Analysis
By geography, the market is distributed across the various geographical regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The country-wise an