Sulfamic Acid Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Market Expected to Reach $1.4 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Sulfamic Acid Market Size: Global Opportunity Analysis and Industry Forecast, 2020–2027 Market," The sulfamic acid market: global opportunity analysis and industry forecast, 2020–2027 market was valued at $375.00 million in 2021, and is estimated to reach $1.4 billion by 2031, growing at a CAGR of 15% from 2022 to 2031.

Sulfamic acid is frequently included in household cleaning products because of its caustic properties. In the last few years, the sulfamic acid market has experienced an accelerating growth owing to its diversified applications in various domains. Sulfamic acid is highly corrosive, making it perfect for cleaning surfaces that are prone to accumulating a lot of grime, such as toilets. Furthermore, sulfamic acid can degrade organic stuff like hair and grease, it is also a great drain cleaner. Sulfamic acid produces heat when it comes into contact with water and this helps to cut through blocked drains. Additionally, other household products containing sulfamic acid include laundry detergent, dishwasher liquid, and even certain cosmetics, which is a major factor estimated to propel the sulfamic acid market demand in the upcoming years.

However, strict government rules for its use and the fact that sulfamic acid causes cancer when used over a long period of time are expected to significantly impede market growth over the course of the forecast period. While it is anticipated that the fluctuating price of raw materials will hinder the sulfamic acid market growth throughout the aforementioned projected period. Additionally, as sulfamic acid is hazardous and may interfere with the market demand, specialized infrastructure is needed for its manufacturing.

A rising number of factors, including population growth, increased hygiene awareness, and increased demand for residential cleaning equipment, are creating new opportunities for partnerships and collaborations among the leading market players. Governments throughout the world are also working harder to increase chemical production and the growth of chemical industries as more businesses turn to the packaging, pharmaceutical, and medical industries to meet rising consumer demand. In addition, it is projected that rising demand for sulfamic acid would open up new business prospects for the top companies and increase market revenue in the dyeing and textile industries. These factors are anticipated to boost market growth in the upcoming years.

The global sulfamic acid market share is segmented based on form, application, and region. By form, it is classified into powder and liquid. By application, it is classified into metal finishing, dyes & pigments, paper & pulp, plastic, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the sulfamic acid market report include Nissan Chemical Corporation, ShanDong Mingda Chemical Technology Co., Ltd, BASF SE, AkzoNobel N.V., DuPont, Jiangsu Yazhong, Palm Commodities, Yantai Sanding, Raviraj Group, and Shree Sulphamic Chemicals.

Impact of COVID-19 on the Global Sulfamic Acid Industry

• The manufacturing of chemicals, especially sulfamic acid, has suffered as a result of an extended lockout and decreased production in the manufacturing sectors. Furthermore, various manufacturing processes employ sulfamic acid as an acid-cleaning agent for metals and ceramics. Due to the closure of production facilities, its demand has reduced in several industries.
• It is anticipated that the use of existing inventory inventories and the decline in fresh material supply will further have a negative impact on market growth
• The increased demand for toilet cleansers, detergents, and other cleaning supplies during the pandemic is anticipated to boost market growth over the anticipated period. To get rid of limescale, cleansers and detergents employ sulfamic acid as a descaling agent.

Key Findings of the Study

• Based on form, the powder sub-segment emerged as the global leader in 2021 and the liquid sub-segment is anticipated to be the fastest growing sub-segment during the forecast period
• Based on application, the metal finishing sub-segment emerged as the global leader in 2021 and the others sub-segment is predicted to show the fastest growth in the upcoming years
• Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period