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Silver Sulfate Market Analysis :
Silver sulfate is a compound with a chemical formula Ag2SO4. Silver sulfate is odorless in nature, and is a white to grey solid, which can be easily soluble in water. It is used in silver plating, and is stable under ordinary conditions of use and storage. When sulfate is exposed to air and light, it gets dark in color, hence, it stored in dark colored and airtight bottles. However, it exhibits some harmful effects such as its overexposure can cause irritation or damage to eyes and skin. Increase in application of silver sulfate is anticipated to offer remunerative opportunities for the market expansion in the coming years. Â
COVID-19 impact analysis
Global silver sulfate market dynamics
Silver sulfate exhibits antibacterial properties, hence, its application in pharmaceutical industry is growing for treatment of skin wounds and skin abrasions. This factor is expected to drive the growth of the global silver sulfate market. Chemical industry is also one of the major consumers of silver sulfate, and is utilizing it in the form of silver plating as well as a catalyst, antioxidant, or lubricant, which significantly contributes toward the growth of the global market.
Market participant analysis
The major participants operating in the global silver sulfate market include American Elements, Modison Metals Ltd., Jiodine chemicals, Honeywell research chemicals, Schwitz Biotech, and Silvershine Chemicals.
Key benefits of the report
Questions answered in the global silver sulfate market research report:
Silver Sulfate Market: Growth Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Silvershine Chemicals, Modison Metals Ltd., Jiodine Chemicals, American Elements, Schwitz Biotech, Honeywell research chemicals |
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