Sulfamic
Acid Market: Introduction
In
terms of value, the global sulfamic acid market is anticipated
to expand at a CAGR of ~5% from 2020 to 2030. Sulfamic acid is utilized in the
plastic industry wherever a curing agents is required that does not have a
disadvantage of inorganic acids and acts faster than organic acids. This is expected
to boost the demand for sulfamic acid in the plastic industry. Furthermore,
global production of plastics has increased significantly over the past few
years. This trend is anticipated to continue over the next few years. The
production of plastics has increased significantly, owing to the rising demand
for plastics in packaging, automotive, and building & construction
industries. Unique and advantageous properties of plastics have enabled the
material to be used as a substitute for wood, paper, and rubber.
Diseases
Caused by Exposure to Sulfamic Acid to Hamper Sulfamic Acid Market
Sulfamic
acid may cause chemical burns and secondary thermal burns when it comes in
contact with skin, as it is extremely corrosive. It can also burn the cornea
and result in blindness, if it comes into contact with the eyes. Furthermore,
it is highly corrosive to metals, living tissues, as well as stones. Its vapors
can burn the nose and lungs, if deeply inhaled. Ingestion of acidic corrosives
may produce burns around and in throat, mouth, and esophagus. Immediate pain
and difficulties in swallowing and speaking may also be evident. Swelling of
the epiglottis may make it difficult to breathe. This may result in
suffocation. Severe exposure may result in vomiting of blood and thick mucus,
shock, abnormally low blood pressure, fluctuating pulse, shallow respiration
and clammy skin, inflammation of stomach wall, and rupture of esophageal
tissue. The untreated shock may eventually result in kidney failure. Severe
cases may result in perforation of the stomach and abdominal cavity with
consequent infection, rigidity, and fever. There may be coma and convulsions,
followed by death due to infection of the abdominal cavity, kidneys, or lungs.
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Direct
eye contact with acid corrosives may produce pain, tears, and sensitivity to
light and burns. People with mild burns of the epithelia generally recover
rapidly and completely. Severe burns produce long-lasting and possibly
irreversible damage. The appearance of the burn may not be apparent for several
weeks after the initial contact. The cornea may ultimately become deeply
opaque, resulting in blindness.
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In
terms of form, the global sulfamic acid market has been segregated into
crystal, powder, and liquid. The powder segment is projected to dominate the
global sulfamic acid market during the forecast period. The powder segment
accounted for major share of the global sulfamic acid market in 2019. In terms
of volume, the segment is estimated to expand significantly during the forecast
period. The segment is projected to account for more than 45% share of the
global sulfamic acid market by 2030.
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Dyes
& Pigments to be key Application Area
Based
on application, the global sulfamic acid market has been segregated into
industrial equipment & domestic appliances (descaling), dyes &
pigments, paper & pulp, acid cleaning, electroplating and electro-refining,
sulfation and sulfamation, chlorine stabilization, and others (chemicals,
swimming pools, etc.). The dyes & pigments segment is anticipated to
dominate the global sulfamic acid market during the forecast period. The dyes
& pigments segment accounted for a major share of the global sulfamic acid
market in 2019. In terms of volume, the segment is estimated to expand
significantly during the forecast period. The segment is projected to account
for more than 20% share of the global sulfamic acid market by 2030. Sulfamic
acid removes the excess of nitrides utilized in the diazotization reactions in
the manufacture of dyes and pigments.
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Asia
Pacific to be Lucrative Region of Sulfamic Acid Market
Based
on region, the global sulfamic acid market has been split into North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific
dominated the global sulfamic acid market in 2019. This trend is projected to
continue during the forecast period. The demand for sulfamic acid is high in
Asia Pacific, particularly in India and China, owing to increase in consumption
of sulfamic acid in the packaging and pigment application in these countries.
China is a prominent consumer of sulfamic acid in Asia Pacific. The expansion
of paper, plastics, and pharmaceutical industries is a major factor propelling
the sulfamic acid market in the country.
Competition
Landscape of Sulfamic Acid Market
The
global sulfamic acid market is highly fragmented Mingda Chemical, Shandong
Xingda, and Nanjing Jinzhang Co., Ltd. cumulatively held more than 40% share of
the global sulfamic acid market in 2019. Leading players have taken initiatives
to expand their presence in the global sulfamic acid market through
acquisitions, increase in production capacities, and strategic partnerships.
Other key manufacturers operating in the global sulfamic acid market are Brenntag NV, Raviraj Group, Nissan Chemical Corporation, Spectrum
Chemical Manufacturing Corp., Timuraya, NuChem, ACURO ORGANICS LIMITED, Palm
Commodities International, Tangshan Sanding Chemical Co., Ltd., Shree Sulphamic
Chemicals, and Laizhou Guangcheng Chemical Co., Ltd.
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