Ferrous Sulfate Market to Reach Valuation of US$ 4 Bn by 2027; Growing Prevalence of Anemia to Propel Significant Growth

TMR

- Market to reach the valuation of approximately USD 4 billion by the year 2027

- Use in construction and water treatment applications to propel growth in the market

- Asia Pacific to be a prominent regional player over the forecast period

ALBANY, New York, May 28, 2020 /PRNewswire/ -- The global ferrous sulfate market is on its way to an impressive market valuation over the forecast period of 2019 to 2027. This will spur creation of new and untapped growth opportunities in the market landscape. By the end of 2027, the market worth would be up to USD 4 billion.

"A moderate growth rate of 3% will be charted by the global ferrous sulfate market over the forecast period of 2019 to 2027. A host of reasons like increased use in waste water treatment, which itself is witnessing growth, and development of fertilizers (granular) is paving way for this. Lucrative opportunities are set to emerge in the construction industry in the period as it is set to see an increase in work volumes, paving way for higher demand for dyes and pigments", opines Transparency Market Research.

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Key Findings of Global Ferrous Sulfate Market Study:

• On the basis of end-use, water treatment segment is set to contribute massively to the growth of the global ferrous sulfate market over the forecast period
• Product-wise, ferrous sulfate heptahydrate will see emergence as a high value segment
• Asia Pacific to be a lucrative regional market in the global landscape from 2019 to 2027

Get an in-depth view of the leading trends operating in Ferrous Sulfate Market (Product: Ferrous Sulfate Heptahydrate, Ferrous Sulfate Monohydrate, Ferrous Sulfate Tetrahydrate, Ferrous Sulfate Anhydrous, and Others; Form: Granule/Powder and Liquid; and End Use: Pharmaceuticals, Water Treatment, Pigments, Construction [Cement], Animal Feed, Chemical Production/Intermediates, Agrochemicals/Fertilizers, Food & Beverages, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027, at https://www.transparencymarketresearch.com/pressrelease/ferrous-sulfate-market.htm