Industry Background:
Ferrous oxalate or iron (II) oxalate is an inorganic compound, which is pale yellow in color and poorly soluble in water. The chemical is formed by the interaction of solutions ferrous sulfate and sodium oxalate and is primarily used as a photographic developer, glass tint, decorative glass colorant, and pigment in plastics, paints, and lacquers. Ferrous Oxalate is also used in the formation of various drugs used to treat anemia.
According to AMA Research, the market for Ferrous Oxalate is expected to register a CAGR of 8.2% during the forecast period to 2030. This growth is primarily driven by Growing Need for Decorative Glassware, Fashionable Sunglasses, and Railroad Car Windows
.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Tons |
Value Unit | 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 |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Sigma-Aldrich (United States), New Alliance Fine Chem Pvt. Ltd. (India), Celtic Chemicals (United Kingdom), Hefei Asialon Chemical Co., Ltd. (China) and Dr. Paul Lohmann (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In
In November 2023,Nippon Paint announced that its joint subsidiary Nippon Paint Holdings SG Pte. (NPHDSG) has acquired 75% shares of Alina Group, which is engaged in the manufacturing and sales of dry-mix mortar materials, coatings, etc. in Kazakhstan.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.
Influencing Trend:
Growing Demand of Pigments in Paint, Plastic, and lacquer Manufacturers
Market Growth Drivers:
Growing Need for Decorative Glassware, Fashionable Sunglasses, and Railroad Car Windows and Increasing Use of Ferrous Oxalate in the Formation of Antianemic Drugs
Challenges:
Growing Demand of pharmaceutical industry
Restraints:
Availability and the Use of Other Substitutes of Ferrous Oxalate
Opportunities:
Increasing Number of Anemia Patients Across the Globe will Create Huge Demand
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Ferrous Oxalate Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Ferrous Oxalate Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Ferrous Oxalate players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Ferrous Oxalate Study Sheds Light on
The Ferrous Oxalate Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ferrous Oxalate industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ferrous Oxalate industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.