Global Selenous Acid Market Overview:
Selenous acid is a strong oxoacid of selenium element. Selenic acid also referred to as selenious acid or monohydrated selenium dioxide, is a chemical compound with the molecular formula H2SeO4. The structure of selenic acid precisely describes sulfuric acid. Selenic acid is a crystalline, strong, water-soluble, and corrosive dibasic acid that analogously resembles sulfuric acid. Selenic acid is primarily used in the steel industry for steel coloring and protection purposes. The rise in the production of steel equipment for the automotive industry has boosted the usage of selenic acid.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Increasing Demand For Selenous Acid from Chemical Industries
- Global Hike in Demand for Multivitamins
Roadblocks
- Availability of Alternate Chemicals
Opportunities
- Selenic Acid is used as a Specialized Oxidizing Agent is Creates Opportunity for the Market
Challenges
- Intense Competion Among the Competitors
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Central Drug House (P) Ltd., Santa Cruz Biotechnology, Inc. (United States), DNS Fine Chemicals & Laboratories Pvt. Ltd. (India), FINETECH INDUSTRY LIMITED (China), Finoric LLC (United States), Omkar Speciality Chemicals Ltd. (India), Satyam Pharma-Chem Pvt. Ltd. (India), Strem Chemicals, Inc. (United States), American Elements (United States) and Omkar Speciality Chemicals Ltd. (India). Additionally, following companies can also be profiled that are part of our coverage like Aakash Manthan Industries (India) and Triveni Chemicals (India). Analyst at AMA Research see Asian and United States Vendors to retain maximum share of Global Selenous Acid market by 2027. Considering Market by End Use Industry, the sub-segment i.e. Chemical will boost the Selenous Acid market. Considering Market by Grade, the sub-segment i.e. USP grade will boost the Selenous Acid market.
On 10th July 2019, American Regent has announced the introduction of Selenious Acid Injection, USP. The company has pleased to offer the first FDA-approved Selenious Acid Injection - developed to reflect the American Society for Parenteral and Enteral Nutrition (ASPEN) recommendations for trace element supplementation. This approval underscores our commitment to the parenteral nutrition market in the long term.
What Can be Explored with the Selenous Acid Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Selenous Acid Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Selenous Acid
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Selenous Acid market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Selenous Acid market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Selenous Acid Producer, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.