Venator Materials PLC: Venator Materials announced that it had completed the sale of its wholly-owned subsidiary, Venator Pigments for USD 900 million. The sale is expected to strengthen Venator's balance sheet and provide financial flexibility to support the company's growth strategy in the future.
KRONOS Worldwide, Inc.: KRONOS Worldwide announced that it had completed the acquisition of the business and assets of Alkem Separations, a manufacturer of high-purity specialty chemicals and solvents. The acquisition is expected to strengthen KRONOS's position in the market by expanding its product portfolio and enhancing its capabilities in the production of high-purity products.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4985
Published Date: May 31, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for food is the major factor driving the market growth.
The market size of ferrous sulfate is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023-2035.
The major players in the market are Venator Materials PLC, Chemifloc Limite, LKAB Minerals A, Gokay Mining and Chemicals, and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by application, end-use industry, and by region.
The agriculture segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The fluctuations in raw material prices are estimated to be the growth hindering factor for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.