Top 2 Companies Account for Nearly One-Third Revenue Share of the Ferrous Sulfat

Posted by Arslan on March 18th, 2019

Fact.MR has published a recent report on the ferrous sulfate market for the forecast period of 2018 to 2028, which offers cumulative insights on the captivating trends influencing long-term aspects of the industry. As per the study, demand from the agricultural domain is foreseen to be one of the key influencing factors driving growth of ferrous sulfate market over the forecast timespan. Moreover, the report also reinforces on the fact that surging production of animal livestock will be a prominent influencer boosting the growth of ferrous sulfate market.

Being the backbone of every economy, agriculture continues to witness steady growth worldwide. According to OECD and FAO, agricultural trade is expected to remain resilient to economic downturns. In a bid to cater to the growing demand for agricultural products, it has become imperative to produce maximum yield using compound fertilizers. Against this backdrop, increasing use of ferrous sulfate as a major ingredient in compound fertilizers, has been witnessed, which facilitates development and growth, promoting photosynthesis in plants. In addition, ferrous sulfate in compound fertilizers also reduces the alkalinity of the soil in turn enhancing soil fertility and preventing chlorosis. Ferrous sulfate used in compound fertilizers also ensures maximum absorption of other vital nutrients such as phosphorous and nitrogen. This factor continues to influence the demand for ferrous sulfate worldwide, in turn contributing to its market’s marginal growth.

Browse Full report with TOC:

https://www.factmr.com/report/1954/ferrous-sulfate-market

The report on ferrous sulfate market has segmented the market in-depth in a bid to include all angles impacting the market growth. The ferrous sulfate market is segmented on the basis of grade, by type, by application and by region. In terms of grade, ferrous sulfate market is categorized into food grade and technical grade. Ferrous sulfate market by type covers assessment on ferrous sulfate monohydrate and ferrous sulfate heptahydrate. By application, ferrous sulfate market is segmented by water treatment, agriculture, pigment, cement, and animal feedstock sectors. The ferrous sulfate market is assessed across key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

The report on ferrous sulfate market includes detailed assessment on various key companies involved in the manufacturing of ferrous sulfate. Key developments and major facets of ferrous sulfate market players has been included in the competitive landscape section of the report. The ferrous sulfate market report has profiled key companies including but not limited to Kronos Worldwide Inc., Verdesian Life Sciences LLC and Venator Materials PLC.