Industry Analysis of Ferrous Sulfate in South Asia & Oceania
Ferrous Sulfate Sales Projections for South Asia & Oceania by Food Grade, Industrial Grade, and Pharmaceutical Grade from 2023 to 2033
Industry Analysis of Ferrous Sulfate in South Asia & Oceania Covering India, Malaysia, Thailand, Indonesia, Australia & New Zealand, and Rest of South Asia & Oceania
Ferrous Sulfate Sales Outlook in South Asia & Oceania (2023 to 2033)
Ferrous sulfate sales in South Asia & Oceania are estimated at US$ 385.6 million in 2023 and are forecasted to climb to US$ 574.2 million by the end of 2033. Over the next ten years, demand for ferrous sulfate in South Asia & Oceania is set to rise at a steady 4% CAGR.
High production of crops such as rice and wheat in the South Asia & Oceania region creates an opportune setting for ferrous sulfate sales as farmers prefer ferrous sulfate fertilizers for these crops. The growing population of countries in this region is another prospect that could uplift shipments of ferrous sulfate over the next ten years. Ferrous sulfate demand is set to soar high for agriculture, pharmaceutical, and manufacturing end uses in the long run in South Asia & Oceania region.
- As per this study, 13.7% of global ferrous sulfate sales revenue is forecasted to come from the South Asia & Oceania region by the end of 2033.
| Report Attributes | Details |
|---|---|
| Ferrous Sulfate Sales in South Asia & Oceania (2023) | US$ 385.6 Million |
| Projected Sales (2033F) | US$ 574.2 Million |
| Demand Growth (2023 to 2033) | 4% CAGR |
| Volume in Thailand (2033F) | 673.5 KT |
| Demand Growth in Malaysia (2023 to 2033) | 4% CAGR |
| Hydrated Ferrous Sulfate Volume Sales (2033F) | 3,973.3 KT |
| Key Companies Profiled |
|
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Why is Demand for Liquid Ferrous Sulfate High in South Asia & Oceania?
“Growing Use of Liquid Ferrous Sulfate in Pharmaceutical Formulations”
Liquid ferrous sulfate is extensively used in making iron deficiency medications and the growing number of people suffering from iron deficiency in the South Asia & Oceania region are bolstering the demand for liquid ferrous sulfate. Rising health consciousness and growing awareness regarding the benefits of iron in terms of nutrition are also forecasted to augment ferrous sulfate shipments through 2033.
Find more details of growth-augmenting factors such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study for ferrous sulfate by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Country-wise Insights
India and Indonesia are projected to be highly rewarding markets for ferrous sulfate companies looking to make a mark in the South Asia & Oceania region over the next ten years.
What Makes India an Investment-worthy Market in the Region?
“Strong Agricultural Activity and High Animal Population”
| Attributes | India |
|---|---|
| Market Value (2023) | US$ 146.2 Million |
| Growth Rate (2023 to 2033) | 4.5% CAGR |
| Projected Sales (2033) | US$ 228.4 Million |
India is projected to emerge as a highly rewarding space in the South Asian region owing to increasing agricultural activity in the country. The growing use of compound fertilizers by farmers is also forecasted to benefit shipments of ferrous sulfate in India. The country is also home to a large animal population and a rising focus on improving their nutritional intake is projected to uplift ferrous sulfate demand as well. Moreover, the easy availability of raw materials and low labor costs also make India an opportune space for ferrous sulfate manufacturers as well.
Why Should Ferrous Sulfate Suppliers Target Indonesia?
“Robust Economic Growth Opening Up New Avenues of Opportunities”
| Attributes | Indonesia |
|---|---|
| Estimated Sales (2023) | US$ 65.9 Million |
| Market Growth Rate (2023 to 2033) | 3.4% CAGR |
| Projected Sales (2033) | US$ 92.4 Million |
Indonesia is one of the most prominent economies in the South Asia & Oceania region, which is why investments in infrastructure development and rising urbanization are projected to be key factors pushing the demand for ferrous sulfate across the study period. Increasing production of cement and pigments is also forecasted to offer attractive returns for ferrous sulfate manufacturers operating in Indonesia. Rising focus on the development of healthcare infrastructure and awareness regarding the health benefits of iron are also slated to bolster ferrous sulfate sales through 2033 in the country.
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Category-wise Insights
Ferrous sulfate vendors in South Asia & Oceania are focusing on providing hydrated ferrous sulfate as demand for it is projected to soar high in this region. The majority of ferrous sulfate will be used in agrochemical production, thereby creating a demand for industrial-grade ferrous sulfate.
Which Type of Ferrous Sulfate is Popular in South Asia & Oceania?
“Hydrated Ferrous Sulfate Leading Revenue Generation Potential”
| Attributes | Hydrated |
|---|---|
| Segment Value (2023) | US$ 344 Million |
| Growth Rate (2023 to 2033) | 4.1% CAGR |
| Projected Value (2033) | US$ 514.7 Million |
High use of hydrated ferrous sulfate in applications such as animal feedstock, pharmaceuticals, and food processing is projected to bolster its demand in the South Asia & Oceania region. Increasing demand for cement and pigments from the construction industry is also forecasted to benefit shipments of ferrous sulfate in South Asia & Oceania over the next ten years.
Where is Ferrous Sulfate Used Extensively in South Asia & Oceania?
“Agrochemical Production Accounts for Sizeable Volume Share”
| Attributes | Agrochemical Production |
|---|---|
| Segment Value (2023) | US$ 187 Million |
| Growth Rate (2023 to 2033) | 3.8% CAGR |
| Projected Value (2033) | US$ 273.9 Million |
Agriculture is the primary occupation in many South Asian countries such as India and Indonesia, which automatically makes them highly conducive spaces for all types of agrochemicals. Ferrous sulfate is used in the production of compound fertilizers, which are being extensively utilized by farmers in the South Asia & Oceania region to improve the health of soil and crops cultivated in them.
Competitive Landscape
Countries in South Asia & Oceania have a lot of untapped potential that ferrous sulfate distributors can capitalize on by deploying different strategies to improve their market presence in this region. Increasing focus on the improvement of crop yield by farmers in this region is promoting the adoption of fertilizers with ferrous sulfate and creating growth scope for ferrous sulfate suppliers in this region.
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Segmentation of Ferrous Sulfate Study in South Asia & Oceania
-
By Product Type :
- Hydrated
- Monohydrate
- Tetrahydrate
- Pentahydrate
- Hexahydrate
- Heptahydrate
- Anhydrous
- Hydrated
-
By Grade :
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
-
By End Use :
- Water Treatment Processing
- Pharmaceutical Formulations
- Agrochemical Production
- Pigment Production
- Cement Production
- Animal Feedstock
- Food Processing
- Others
-
By Country :
- India
- Malaysia
- Thailand
- Indonesia
- Australia & New Zealand
- Rest of South Asia & Oceania
- FAQs -
What is the ferrous sulfate sales value in South Asia & Oceania?
Demand for ferrous sulfate in South Asia & Oceania accounts for a revenue of US$ 385.6 million in 2023.
What is the predicted sales value for ferrous sulfate by 2033?
Sales of ferrous sulfate are projected to reach US$ 574.2 million by 2033-end.
At what pace will the demand for ferrous sulfate rise in South Asia & Oceania?
Ferrous sulfate sales in South Asia & Oceania are set to rise at 4% CAGR over the next ten years.
How big is ferrous sulfate demand in India?
Ferrous sulfate sales in India are forecasted to rise at 4.5% CAGR from 2023 to 2033.
Which companies are key manufacturers of ferrous sulfate?
Aarti Industries Ltd., Arvind Chemicals Ltd., Nufarm Ltd., Orica Ltd., and Ravensdown Fertiliser Co-operative Ltd. are leading ferrous sulfate suppliers.
Industry Analysis of Ferrous Sulfate in South Asia & Oceania