Silver Sulphate Market Present Scenario and the Growth Prospects 2027

Silver Sulphate Market: Introduction

Silver Sulphate is an ionic compound, with a chemical formula of Ag2SO4 and can be used as a substitute for silver nitrate. Silver sulphate is odorless in nature and is white to gray solid, which can sink with water and is soluble. It is more soluble in comparison to the silver halides. Additionally, silver sulphate is stable under the ordinary conditions or room temperature, but when it is exposed to direct light and air it gets dark in color. Therefore, the best way to keep silver sulphate is in the dark colored and airtight bottles.

Silver sulfate has weak reducing or oxidizing powers, however, redox reactions are sometimes possible up to some extent. Most of the compounds, which falls in this category, are slightly insoluble or soluble in water. If they are soluble in water, then the solutions are generally neither strongly basic nor strongly acidic. Therefore, these compounds such as silver sulphate are not water-reactive. Additionally, there are some harmful effects of silver sulphate such as when one gets direct contact to it, silver sulphate can cause serious irritation or damage to eye and skin, and it has the hazardous impact on aquatic life and cause long-term effects.

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Furthermore, there are numerous uses of silver sulfate such as it can be used or silver plating process, for medicinal purposes, water treatment, solar cells, fuel cells, etc. As it is an antibacterial agent and has high ability to kill bacterial cells, silver sulphate is used as bandages. In Food industry silver Sulphate is used in very less amount due to the rules and regulations defined by Food and Drug Administration (FDA). Silver Sulphate is also used to remove tarnish from aluminum as it reacts with other metal leaving behind the silver.

Silver Sulphate Market: Dynamics

Silver is attributed as the antibacterial element, thus finds its application in the pharmaceutical industry for example in the treatment of skin wounds, skin abrasions, serious lacerations which are impregnated with silver Sulphate and provide relief to the patient’s, thus owing to this property exhibited by silver Sulphate it is expected to drive the silver Sulphate market. Chemical industry is expected to be one of the major consumer of Silver Sulphate as it is used as an antioxidant, lubricant, catalyst, in silver plating etc. thus fueling the growth of silver Sulphate consumption during the forecast period.

Presence of many suppliers across the globe such as Molepedia, 1717 CheMall Corporation, AKos Consulting & Solutions, Aurora Fine Chemicals LLC, Finetech Industry Limited etc. indicates that market is growing at a significant rate.

High cost of silver Sulphate due to the high cost of silver coupled with high cost involved in the production of high purity of silver Sulphate for various applications is expected to pose restraint towards the growth of silver Sulphate market.

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Silver Sulphate Market: Market Participants

Examples of some of the market participants in the Silver Sulphate market are:

• Merck kGAa
• Eastman Kodak Company
• SCHWITZ BIOTECH
• Santa Cruz Biotechnology, Inc
• LabChem
• VWR INTERNATIONAL Ltd.
• Silver shine chemicals
• Ricca Chemical Company
• HiMedia Laboratories.
• Pheonix Industries