Sulfamic Acid Market is estimated to Witness High Growth Owing to Increasing Usage in Food Additives
Sulfamic Acid Market |
Sulfamic
acid, also known as sulfamidic acid or sulphamic acid, is an organosulfur
compound with formula H3NSO3. Sulfamic acid is a colorless, odorless,
water-soluble, crystalline acid with a sour taste. It is manufactured
industrially by the reaction of sulfur trioxide with ammonia. Sulfamic acid has
mainly found applications as a cleaning agent for food processing equipment, as
a food additive, in metal treatment, and in the manufacturing of various
industrial chemicals. As a cleaning agent, it exhibits strong degreasing and
descaling properties without producing harmful fumes. In the food industry,
sulfamic acid with E number E227 is widely used as an acidulant, buffering
agent, sequestrant and processing aid in various food products.
The sulfamic
acid market is estimated to be valued at USD 171.77 Bn in 2024 and
is expected to reach USD 243.31 Bn by 2031, exhibiting a compound
annual growth rate (CAGR) of 5.1% from 2024 to 2031.
Key Takeaways
Key players operating in the sulfamic acid market are Golden Time Chemical
(Jiangsu) Co., Ltd., DI-CORP, Palm Commodities International, Raviraj
Chemicals, Nissan Chemical Corporation, Donau Chemie, Acuro Organics Limited,
Vedic Orgo LLP, Shandong Mingda Chemical Technology Co., Ltd, LaizhouZhongda
Chemicals Co., Ltd, Honeywell International , Jinan Jinhao Chemical Co., Ltd.,
Laizhou Guangcheng Chemical Co., Ltd., Laizhou Jinxing Chemical, Shandong
Mingda Chemical Technology Co., Ltd, Timuraya, and Yantai Sanding Chemical Co.,
Ltd.
The key opportunity in the market lies in the increasing application of Sulfamic
Acid Market Growth as a
substitute for sodium bisulfite in food preservation. Sulfamic acid also finds
growing usage in industrial applications such as ore processing, electroplating,
water treatment, and metalworking due to its non-toxic, non-corrosive and
recyclable nature.
Many key players are expanding their sulfamic acid production capacities
globally, especially in Asia Pacific and North America, to cater to the rising
demand. Golden Time Chemical plans to set up a new sulfamic acid manufacturing
plant in China by 2025.
Market Drivers
The primary driver for the high growth of the sulfamic acid market is its
increasing usage as a buffering agent and acidulant in food additives. Sulfamic
acid with E number E227 is permitted by regulatory authorities worldwide for
direct addition to food. As people are consuming more processed and packaged
foods globally, the demand for Sulfamic
Acid Companies as a food additive is witnessing strong growth. Its
excellent degreasing and descaling properties further promote its usage in food
processing equipment cleaning.
PEST Analysis
Political: The sulfamic acid market is affected by
various environmental regulations regarding emissions and waste disposal.
Strict regulations encourage R&D towards more eco-friendly production
methods.
Economic: A stable global economy enables stable or growing demand from end-use
industries like plastics, dyes, and construction. However, economic downturns
may negatively impact demand.
Social: Rising population and urbanization boost demand for plastics, dyes, and
construction materials containing sulfamic acid. However, increasing
environmental awareness encourages sustainable alternatives.
Technological: New production processes aid in reducing wastage and emissions
during manufacturing. Advanced applications in areas like agrochemicals and
pharmaceuticals also drive the market. Improved recycling helps mitigate
environmental impact.
The sulfamic acid market in terms of value is majorly concentrated in the Asia
Pacific region, primarily owing to large production capacities in China, India,
and Japan. These countries account for over 70% of global sulfamic acid
production.
North America represents the fastest growing regional market for sulfamic acid.
Driven by demand from the construction and agrochemical industries in the US
and Canada, the North American market is projected to expand at a CAGR of
around 6% during the forecast period.
Get more insights on Sulfamic
Acid Market
About Author:
Money Singh is a seasoned content writer with over
four years of experience in the market research sector. Her expertise spans
various industries, including food and beverages, biotechnology, chemical and
materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
Comments
Post a Comment