The Global Sulfamic Acid Market size is expected to reach $1.2 billion by 2030, rising at a market growth of 14.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 4937.9 Hundred Tonnes, experiencing a growth of 13.8% (2019-2022).
The Asia Pacific region, particularly countries like China and India, has witnessed rapid industrialization. Therefore, the Asia Pacific segment captured $162.9 million revenue in the market in 2022. Industries such as cleaning, water treatment, and metal processing, where this is used, have experienced increased demand due to industrial growth. The diverse industrial base in the Asia Pacific has led to an expansion in the applications of sulfamic acid. Industries ranging from textiles to chemicals have contributed to its growing demand in the region.
Sulfamic acid serves as a valuable nitrogen source in the production of agrochemicals and fertilizers. An essential component of plant growth, nitrogen aids in synthesizing enzymes, proteins, and chlorophyll. It's contribution as a nitrogen source enhances plant nutrition, fostering healthier and more robust crop development.
Additionally, it's efficacy in descaling applications is a pivotal factor driving its demand in the water treatment sector. The chemical's ability to dissolve and remove scale deposits from industrial equipment, pipelines, and water-carrying systems ensures the efficient operation of water treatment facilities. Thus, these aspects will propel its demand in the coming years.
However, the production process relies heavily on urea and sulfuric acid's availability and cost dynamics, which are primary raw materials. Any disruptions or fluctuations in the supply chain of these key components directly influence the manufacturing process. Urea, a crucial precursor in synthesis, is susceptible to market fluctuations influenced by agricultural demand, global production levels, and geopolitical events.
The Asia Pacific region, particularly countries like China and India, has witnessed rapid industrialization. Therefore, the Asia Pacific segment captured $162.9 million revenue in the market in 2022. Industries such as cleaning, water treatment, and metal processing, where this is used, have experienced increased demand due to industrial growth. The diverse industrial base in the Asia Pacific has led to an expansion in the applications of sulfamic acid. Industries ranging from textiles to chemicals have contributed to its growing demand in the region.
Sulfamic acid serves as a valuable nitrogen source in the production of agrochemicals and fertilizers. An essential component of plant growth, nitrogen aids in synthesizing enzymes, proteins, and chlorophyll. It's contribution as a nitrogen source enhances plant nutrition, fostering healthier and more robust crop development.
Additionally, it's efficacy in descaling applications is a pivotal factor driving its demand in the water treatment sector. The chemical's ability to dissolve and remove scale deposits from industrial equipment, pipelines, and water-carrying systems ensures the efficient operation of water treatment facilities. Thus, these aspects will propel its demand in the coming years.
However, the production process relies heavily on urea and sulfuric acid's availability and cost dynamics, which are primary raw materials. Any disruptions or fluctuations in the supply chain of these key components directly influence the manufacturing process. Urea, a crucial precursor in synthesis, is susceptible to market fluctuations influenced by agricultural demand, global production levels, and geopolitical events.
By Form Analysis
Based on form, the market is segmented into powder and liquid. In 2022, the liquid segment garnered 41.5% revenue share in the market. Liquid forms of sulfamic acid may offer versatility in applications compared to solid forms. Formulating liquid solutions suits it for various industrial processes, including cleaning, descaling, and water treatment. Liquid formulations can be easier to handle and dilute, providing convenience for end-users. This functionality is particularly beneficial in situations that demand precise concentration control.By Application Analysis
On the basis of application, the market is divided into metal finishing, dyes & pigments, paper & pulp, plastic, and others. The metal finishing segment recorded 35.5% revenue share in the market in 2022. Sulfamic acid is widely used for descaling and cleaning metal surfaces. Removing scales, rust, and oxides is essential in metal finishing processes to achieve a clean and smooth surface. It’s effectiveness in descaling contributes to its adoption in metal cleaning applications.
By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired 24.9% revenue share in the market. Europe has diverse industrial landscape includes chemicals, pharmaceuticals, water treatment, and cleaning. This finds applications in cleaning agents, descaling, and metal processing, contributing to the market's growth as these industries expand or modernize. Therefore, the segment will expand rapidly in the upcoming years.Recent Strategies Deployed in the Market
- 2023-Nov: Brenntag SE completed the acquisition of OWI Chlor Alkali from Old World Industries, LLC, an American automotive and chemical company. Through this acquisition, Brenntag expanded its regional and local footprint in North America.
- 2023-Sep: BASF SE came into a partnership with Nanotech Energy, Inc., a supplier of graphene supper batteries. Under this partnership, BASF produced cathode-active materials from recycled metals for incorporating them into lithium-ion battery cells manufactured by Nanotech Energy. Additionally, the partnership helps reduce the CO2 footprint.
- 2023-Aug: Akzo Nobel N.V. completed the acquisition of the Chinese Decorative Paints business of The Sherwin-Williams Company, an American company engaged in manufacturing paints. Through this acquisition, AkzoNobel established its position in China. Additionally, the acquisition assisted AkzoNobel in strengthening its position outside the premium segment.
- 2023-Jun: Brenntag SE completed the acquisition of Shanghai Saifu Chemical Development Co., Ltd., a company manufacturing chemical products. Through this acquisition, Brenntag established its Brenntag Specialties segment as its go-to service partner for innovative solutions. Additionally, the acquisition strengthened its footprint in the region.
- 2023-Mar: Brenntag SE completed the acquisition of Aik Moh Group, a comprehensive range of chemicals-related services. Through this acquisition, Brenntag enhanced its distribution network in the Asia-Pacific region.
List of Key Companies Profiled
- Shandong Mingda Chemical Technology Co., Ltd.
- BASF SE
- Laizhou Jinxing Chemical Co. Ltd.
- DuPont de Nemours, Inc.
- Brenntag SE
- Laizhou Guangcheng Chemical Co., Ltd
- Nissan Chemical Corporation
- Akzo Nobel N.V.
- Yantai Sanding Chemical Co., Ltd.
- Honeywell International, Inc.
Market Report Segmentation
By Form (Volume, Hundred Tonnes, USD Billion, 2019-2030)- Powder
- Liquid
- Metal Finishing
- Dyes & Pigments
- Paper & Pulp
- Plastic
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Global Sulfamic Acid Market by Form
Chapter 6. Global Sulfamic Acid Market by Application
Chapter 7. Global Sulfamic Acid Market by Region
Chapter 8. Company Profiles
Companies Mentioned
- Shandong Mingda Chemical Technology Co., Ltd.
- BASF SE
- Laizhou Jinxing Chemical Co. Ltd.
- DuPont de Nemours, Inc.
- Brenntag SE
- Laizhou Guangcheng Chemical Co., Ltd
- Nissan Chemical Corporation
- Akzo Nobel N.V.
- Yantai Sanding Chemical Co., Ltd.
- Honeywell International, Inc.
Methodology
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