Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Sulfamic Acid market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Sulfamic Acid industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Sulfamic Acid industry to benefit clients and increase the market sector. In recent years, the Sulfamic Acid industry has offered some of the most significant advantages. Major players in the Sulfamic Acid market, including DI-CORP, Palm Commodities International, Raviraj Chemicals, Vedic Orgo LLP, Nissan Chemical Corporation, Donau ChemieAcuro Organics Limited, Shandong Mingda Chemical Technology Co., Ltd, LaizhouZhongda Chemicals Co., Ltd, and others, are attempting to increase market demand by investing in research and development operations.
WeylChem International GmbH is a company specializing in custom manufacturing and the development of products and technologies for the chemical industry. The company operates globally, providing solutions in various fields, including pharmaceuticals, agrochemicals, polymers, and specialty chemicals. WeylChem International GmbH is part of the International Chemical Investors Group (ICIG), which is involved in the acquisition and operation of chemical and pharmaceutical businesses. May 2022, WeylChem International GmbH completed the acquisition and integration of INEOS Sulfur Chemicals Spain SLU, the leading Spanish sulfur chemicals arm of INEOS enterprises.
The acquired business comprises a state-of-the-art facility of 350,000 tons annual capacity for producing sulfuric acid in Bilbao.
Boliden is a Swedish mining and smelting company that focuses on exploring, extracting, and processing base metals such as copper, zinc, lead, gold, and silver. Boliden operates mines and smelters in Sweden, Finland, Norway, and Ireland. The company is involved in various stages of the metal production process, from mining to refining. July 2021, Boliden group laid out the expansion plan of its Odda zinc smelter in western Norway for an investment of EUR 700 million (~USD 737.81 million).
The Odda facility, intended to boast 350,000 tons/year capacity, following the planned capacity build-up by 75%, would include a new roaster, a new sulfuric acid plant, and a new cell house.
BASF Expansion in Asia as the company’s production of sulfamic acid is to be expanded; lagers Holdings Sdn Bhd is constructing a new manufacturing plant in Malaysia. In this regard, there is expected growth in the consumption of sulfamic acid, particularly in the water treatment and cleaning industries in the area. It is projected that the plant will be up and running by the beginning of the year 2025, clearly consolidating BASF as a world sulfuric acid supplier.