Sulfamic acid is also referred to as amidosulfuric acid, amidosulphonic acid, sulfamic acid, and aminosulfonic acid. Sulfamic acid is a chemical formula molecular compound (H3NSO3). It is a water-soluble and colorless compound present in a number of applications. Sulfamates are also by-products of sulfamic acid. Sulfamic acid is a significant contributor to sweet-tasting mixtures.
MARKET DYNAMICS
The key factors driving the sulfamic acid market are the rising demand from the personal care sector and the increasing demand for sulfamic acid in a variety of industrial applications. Increased expenditure on cosmetic products is one of the key factors leading to the growth of the industry. The personal care sector is experiencing a strong demand growth that has a positive effect on the sulfamic acid market. The use of sulfamic acid in personal care items is deemed healthy, and thus there is an increase in demand for the product. In the industrial sector, sulfamic acid, which is a water-soluble compound, is increasingly used as a cleaning agent. Further, sulfamic acid is often used in the design of different forms of therapeutic agents, like HIV protease inhibitors (PIs), antibiotics, anticancer drugs (carbonic anhydrase and steroid sulfatase inhibitors), antiepileptic drugs, nucleoside human immunodeficiency virus, reverse transcriptase inhibitors, and weight loss drugs. Thus all these factors are anticipated to increase the demand for sulfamic acid in the market.
MARKET SCOPE
The "Global Sulfamic Acid Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sulfamic acidmarket with detailed market segmentation by form and application and geography. The global sulfamic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sulfamic acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sulfamic acid market is segmented on the basis of form and application. On the basis of form the global sulfamic acid market is segmented into crystal, powder, liquid, and others. Based on application the global sulfamic acid market is segmented into pharmaceuticals, agriculture/animal feed, food and beverages, personal care, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sulfamic acid market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sulfamic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sulfamic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sulfamic acid market in these regions.
MARKET PLAYERS
The reports cover key developments in the sulfamic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from sulfamic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for sulfamic acid in the global market. Below mentioned is the list of few companies engaged in the sulfamic acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sulfamic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Brenntag NV
- Raviraj Group
- Nissan Chemical Corporation
- Spectrum Chemical Manufacturing Corp.
- Redox Pty Ltd.
- Timuraya
- VWR International
- Parchem fine & specialty chemicals
- NuChem
- ACURO ORGANICS LIMITED
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