Silver Sulfate Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Jul 2022

Pages: 126

SKU: IRTNTR73862

Snapshot

The silver sulfate market share is expected to increase to USD 378.26 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.77%.

This silver sulfate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers silver sulfate market segmentation by end-user (agriculture, food industry, pharmaceutical, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The silver sulfate market report also offers information on several market vendors, including ACP Chemicals Inc., American Elements, AppliChem GmbH, Avantor Inc., Eastman Kodak Co., Ereztech LLC, HiMedia Laboratories Pvt. Ltd., Honeywell International Inc., Jiodine Chemical Qingdao Co. Ltd., Merck KGaA, Modison Metals Ltd., Otto Chemie Pvt. Ltd., Pheonix Industries, Ricca Chemical Co., Santa Cruz Biotechnology Inc., Schwitz Biotech, Strem Chemicals Inc., and Thermo Fisher Scientific Inc. among others.

What will the Silver Sulfate Market Size be During the Forecast Period?

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Silver Sulfate Market: Key Drivers, Trends, and Challenges

The low cost and easy availability of raw materials is notably driving the silver sulfate market growth, although factors such as the harmful effects of silver sulfate may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the silver sulfate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Silver Sulfate Market Driver

One of the key factors driving growth in the silver sulfate market is the low cost and easy availability of raw materials. Silver sulfate has a wide range of applications, including its usage in the silver-plating process, medical use, wastewater treatment, and solar and fuel cell technology. Silver sulfate is also used to remove tarnish from aluminum as it combines with other metals to produce silver. Unlike silver fluoroborate and silver perchlorate, silver sulfate is non-hygroscopic. In an effort to substitute silver cyanide, the white chemical known as silver sulfate is employed in the silver-plating process. Owing to its usage as an antioxidant, lubricant, and catalyst, the chemical sector is expected to be one of the major consumers of silver sulfate during the forecast period. Thus, the increase in the adoption of silver sulfate in various industries is expected to contribute to the global silver sulfate market growth.

Key Silver Sulfate Market Trend

The growing application in the pharmaceutical segment is a silver sulfate market trend that is expected to have a positive impact in the coming years. Silver compounds, especially silver sulfate, are incorporated in the bandages that are used to treat wounds ranging from minor skin wounds to severe lacerations and skin abrasions. It is also used in ointments in wound care applications to help prevent and treat wound infections in patients with serious burns. It prevents bacterial growth that can infect an open wound. This helps to decrease the possibility of the bacterium spreading to the skin or blood, where it can result in a dangerous blood infection (sepsis). Broad antibacterial action is exhibited by silver sulfate In addition, due to its effectiveness against yeast, Thus, the increased demand for silver sulfate to manufacture medical products such as ointments due to its antiseptic properties can propel the market.

Key Silver Sulfate Market Challenge

The harmful effects of silver sulfate will be a major challenge for the silver sulfate market during the forecast period. The use of silver sulfate can cause a serious risk of eye irritation, respiratory issues, and skin irritation. When taken orally, sulfates can cause diarrhea but are not easily absorbed. The consumption of silver sulfate is harmful to individuals who have organ impairment (such as liver or kidney dysfunction). A few people develop skin inflammation when they come in contact with silver sulfate. The inhaling of silver sulfate can cause respiratory issues in a few people. Further lung damage can result from the body's reaction to such irritability. Such factors may hinder the global silver sulfate market growth.

This silver sulfate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global silver sulfate market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the silver sulfate market during the forecast period.

Who are the Major Silver Sulfate Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the silver sulfate market encompasses successful business strategies deployed by the key vendors. The silver sulfate market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

acpchem.com - The company offers silver sulfate which is used for medical purposes.
acpchem.com - Through the unified segment, the company offers laboratory chemical reagents and industrial chemicals.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The silver sulfate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Silver Sulfate Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the silver sulfate market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Silver Sulfate Market?

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42% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for silver sulfate in APAC. Market growth in this region will be slower than the growth of the market in other regions.

The increasing disposable income of people will facilitate the silver sulfate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Owing to the COVID-19 pandemic in 2020, several countries in North America, such as the US, Canada, and Mexico, imposed lockdowns to contain the spread of the disease, which resulted in the shut down of factories, shops, and other businesses. However, the demand for silver sulfate resumed in 2021 and manufacturing facilities resumed operations. Hence, the regional silver sulfate market is expected to witness growth during the forecast period.

What are the Revenue-generating End-user Segments in the Silver Sulfate Market?

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The silver sulfate market share growth by the agriculture segment will be significant during the forecast period. The agriculture segment holds a majority share in the global silver sulfate market. In several crop plants, including cucumber, and tomato, silver sulfate is an efficient fungicide for the control of powdery mildew. It can also guard against bacterial and fungal plant diseases, enhancing yields and ensuring high-quality goods with low pesticide residue. The fungus ultimately perishes due to the silver ions' inhibition of the enzymes necessary for the fungus' development and disruption of spore germination. Hence, the agriculture segment is expected to witness growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the silver sulfate market size and actionable market insights on post COVID-19 impact on each segment.

Silver Sulfate Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.77%
Market growth 2022-2026	$ 378.26 million
Market structure	Fragmented
YoY growth (%)	3.42
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	APAC at 42%
Key consumer countries	US, Canada, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ACP Chemicals Inc., American Elements, AppliChem GmbH, Avantor Inc., Eastman Kodak Co., Ereztech LLC, HiMedia Laboratories Pvt. Ltd., Honeywell International Inc., Jiodine Chemical Qingdao Co. Ltd., Merck KGaA, Modison Metals Ltd., Otto Chemie Pvt. Ltd., Pheonix Industries, Ricca Chemical Co., Santa Cruz Biotechnology Inc., Schwitz Biotech, Strem Chemicals Inc., and Thermo Fisher Scientific Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Silver Sulfate Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive silver sulfate market growth during the next five years
Precise estimation of the silver sulfate market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the silver sulfate industry across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of silver sulfate market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user

5.3 Agriculture - Market size and forecast 2021-2026
- Exhibit 28: Chart on Agriculture - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Agriculture - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Agriculture - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Agriculture - Year-over-year growth 2021-2026 (%)

5.4 Food industry - Market size and forecast 2021-2026
- Exhibit 32: Chart on Food industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Food industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Food industry - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Food industry - Year-over-year growth 2021-2026 (%)

5.5 Pharmaceutical - Market size and forecast 2021-2026
- Exhibit 36: Chart on Pharmaceutical - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Pharmaceutical - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Pharmaceutical - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Pharmaceutical - Year-over-year growth 2021-2026 (%)

5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by End-user
- Exhibit 44: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 UK - Market size and forecast 2021-2026
- Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.12 Canada - Market size and forecast 2021-2026
- Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.13 Japan - Market size and forecast 2021-2026
- Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.14 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption

9.4 Industry risks
- Exhibit 98: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 99: Vendors covered

10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification

10.3 ACP Chemicals Inc.
- Exhibit 101: ACP Chemicals Inc. - Overview
- Exhibit 102: ACP Chemicals Inc. - Product / Service
- Exhibit 103: ACP Chemicals Inc. - Key offerings

10.4 American Elements
- Exhibit 104: American Elements - Overview
- Exhibit 105: American Elements - Product / Service
- Exhibit 106: American Elements - Key offerings

10.5 Avantor Inc.
- Exhibit 107: Avantor Inc. - Overview
- Exhibit 108: Avantor Inc. - Business segments
- Exhibit 109: Avantor Inc. - Key news
- Exhibit 110: Avantor Inc. - Key offerings
- Exhibit 111: Avantor Inc. - Segment focus

10.6 Eastman Kodak Co.
- Exhibit 112: Eastman Kodak Co. - Overview
- Exhibit 113: Eastman Kodak Co. - Business segments
- Exhibit 114: Eastman Kodak Co. - Key news
- Exhibit 115: Eastman Kodak Co. - Key offerings
- Exhibit 116: Eastman Kodak Co. - Segment focus

10.7 HiMedia Laboratories Pvt. Ltd.
- Exhibit 117: HiMedia Laboratories Pvt. Ltd. - Overview
- Exhibit 118: HiMedia Laboratories Pvt. Ltd. - Product / Service
- Exhibit 119: HiMedia Laboratories Pvt. Ltd. - Key news
- Exhibit 120: HiMedia Laboratories Pvt. Ltd. - Key offerings

10.8 Merck KGaA
- Exhibit 121: Merck KGaA - Overview
- Exhibit 122: Merck KGaA - Business segments
- Exhibit 123: Merck KGaA - Key news
- Exhibit 124: Merck KGaA - Key offerings
- Exhibit 125: Merck KGaA - Segment focus

10.9 Pheonix Industries
- Exhibit 126: Pheonix Industries - Overview
- Exhibit 127: Pheonix Industries - Product / Service
- Exhibit 128: Pheonix Industries - Key offerings

10.10 Ricca Chemical Co.
- Exhibit 129: Ricca Chemical Co. - Overview
- Exhibit 130: Ricca Chemical Co. - Product / Service
- Exhibit 131: Ricca Chemical Co. - Key offerings

10.11 Santa Cruz Biotechnology Inc.
- Exhibit 132: Santa Cruz Biotechnology Inc. - Overview
- Exhibit 133: Santa Cruz Biotechnology Inc. - Product / Service
- Exhibit 134: Santa Cruz Biotechnology Inc. - Key offerings

10.12 Schwitz Biotech
- Exhibit 135: Schwitz Biotech - Overview
- Exhibit 136: Schwitz Biotech - Product / Service
- Exhibit 137: Schwitz Biotech - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 138: Inclusions checklist
- Exhibit 139: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 140: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 141: Research methodology
- Exhibit 142: Validation techniques employed for market sizing
- Exhibit 143: Information sources

11.5 List of abbreviations
- Exhibit 144: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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