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What are the Segments in the Global Sulfamic Acid Market?
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Market Estimations and Key Players
According to a recent report published by Research Dive, the global sulfamic acid market held $5,375.7 million in 2018 and is further predicted to generate a revenue of $7,037.3 million and surge at a CAGR of 3.4% by 2026.
The key market players operating in global sulfamic acid industry are Yantai Sanding, Jiangsu Yazhong, Mingda Chemical, AkzoNobel N.V., Jiangsu Yazhong, BASF SE, Palm Commodities, Nissan Chemical, and DuPont.
The global sulfamic acid market is primarily divided into 3 major segments. They are form, application, and region.
Form
The liquid sub-segment is forecasted to dominate the sulfamic acid market by 2026. It is predicted to garner $3,099.0 million by 2026 and surge at a CAGR of 3.7% during the forecast period 2019-2026. Sulfamic acid in liquid form is a highly effective inhibitor that is commonly used for water system maintenance and cleaning. Liquid sulfamic acids are especially good at eliminating iron and precipitated hardness deposits, and they are highly recommended for usage in situations where worker safety is paramount.
Application
The end use segment is further divided into the following sub-segments – plastic, paper & pulp, dyes and pigments, and metal finishing. Among these, the metal finishing application sub-segment held the largest market value in 2018 by garnering a revenue of $1,612.7 million. It is further estimated to generate a revenue of $2,076.0 million and surge at a CAGR of 3.2% by 2026.
On the other hand, the dyes & pigments sub-segment is expected to hold the largest market value during the projected timeframe. It is predicted to generate a revenue of $1,666.5 million and surge at a CAGR of 4.4% by 2026. While creating dye and pigments, sulfamic acid eliminates additional nitrides utilized in the diazotization process. This factor is predicted to boost the growth of this sub-segment in the analysis period.
Region
The region segment is further divided into 4 sub-segments. Asia-Pacific, Europe, LAMEA, and North America. The Asia-Pacific sulfamic acid market held the largest market value in 2018 by garnering a revenue of $2,580.4 million and is further estimated to rise at a CAGR of 3.2% during the forecast period. This growth is mostly due to increased cosmetics adoption, as well as increased worries about the purification process of water, both of which are producing better growth potential in this region.
About Us: Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
The Asia-Pacific region market is expected to lead the foam blowing agents market by garnering a significant revenue during the forecast period from 2019 to 2026, owing to the growing implementation of government policies for environment safety and rising foreign investments in foam blowing agents in Asian countries. Additionally, rising technological developments in foam blowing agents market is projected to lead the global market by garnering a significant revenue during and speedy growth in industrialization in the Southeast Asia are contributing hugely to the growth of the market INQUIRE HERE BEFORE PURCHASE AND GET FREE SAMPLE {What will the sample contain? The sample will give the stakeholder an outline of the report. It will give an overview/framework of the aspects of the market that have been covered in the content of the actual report. The report, unlike the sample, will bear numerical data and market insights associated with a price.} The North-American market of the fo
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