Synthetic organic reactions have recently acquired prominence as a versatile tool in the synthesis of agrochemicals, medicines, and their intermediates. Sulfamic acid, a very effective heterogeneous solid acid catalyst, catalyzes a variety of organic reactions. Tremendous efforts have been made by several researchers to use sulfamic acid as a green catalyst for functional group transformations, C−C bond formation reactions, preparations of N- and O− containing heterocyclic compounds, and various reactions including multicomponent reactions.
Sulfamic acid, also known as sulfamidic acid or amino sulfonic acid, is the most basic form of sulfamic acid, consisting of a sulphur atom covalently connected in single bonds with amino and hydroxyl groups, as well as a double bond with two oxygen atoms. Sulfamic acid is less corrosive to metals than other powerful acids such as hydrochloric acid. Properties such as low corrosiveness, high stability, high melting point, and high-water solubility, among others have extended applications of sulfamic acid in numerous industries. The global sulfamic acid market is expanding at a rapid pace and is growing swiftly owing to the usage of sulfamic acid as a soothing agent and its increasing need in the leather and plastic coloring industries.
Newest Insights in the Sulfamic Acid Market
The growing need for ready-to-eat food, packed, and dairy products and increasing expansions in packaging industries are some factors contributing to revenue growth of the global sulfamic acid market. As per a report by Research Dive, the global sulfamic acid market is expected to surpass a revenue of $1,372.80 million in the 2022-2031 timeframe. The Asia-Pacific region is expected to perceive foremost and leading growth in the coming years. This is because of the rising use of sulfamic acid in the production of therapeutic agents like antibiotics, anti-epileptic drugs, proteases, and a variety of inhibitory drugs in the region.
How are Market Players Retorting to the Rising Demand for Sulfamic Acid?
Market players are significantly investing in ground-breaking research and inventions to cater to the increasing demand for sulfamic acid in paper and pulp product manufacturing. Some of the foremost players in the sulfamic acid market are Mingda Chemical, Nissan Chemical, AkzoNobel N.V., BASF SE, Jiangsu Yazhong, DuPont, Yantai Sanding, Palm Commodities, Shree Sulphamic Chemicals, Raviraj Group, and others. These players are implementing strategies such as collaborations, innovative advances, mergers and acquisitions, and partnerships to reach a noteworthy position in the global market.
For instance, in July 2021, Tangshan Sanding Chemical Co., Ltd., established by Japan Hakuei Corporation, announced the launch of new equipment and advanced technology for the production of sulfamic acid and the sale and development of products. Furthermore, the company announced an environmental acceptance report for the project's completion with an output of 2,000 tonnes of ammonium sulfamate.
COVID-19 Impact on the Global Sulfamic Acid Market
The unpredicted rise of the coronavirus pandemic in 2020 has positively impacted the global sulfamic acid market. During the pandemic period, lockdowns enforced by governments of numerous nations caused a significant slowdown in the economy. The pandemic resulted in losses and debt for some businesses, but it also increased demand and generated profits for others, including those in the chemical, pharmaceutical, and healthcare industries. During the pandemic, sulfamic acid has been greatly utilized to make cleaning solutions and pesticides. Hygiene and cleaning were essential during the epidemic, and there was an increase in the need for cleaning products at this time. As a result, the pandemic significantly contributed to the growth of the sulfamic acid market.