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.
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.
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Silver Sulphate Market: Regional Outlook
Asia Pacific region is expected to grow at significant rate during the forecast period which can be attributing to the growing population in the emerging countries like India, China etc. which is leading to the growth of the agriculture industry, food industry, pharmaceutical industry etc in region which is expected to drive the market.
North America and Europe region are expected to have increase in consumption silver Sulphate during the forecast period which can be attributed to the increase in disposable income of people which is leading to the increase in consumption of products containing Silver Sulphate for example in bandage which prevents the growth of bacteria, does not sticks to the skin thus accelerating the growth of silver market in both the regions.
Latin America and Middle East & Africa region is expected to grow at steady rate during the forecast period which can be attributed to the growing food industry in Latin America and agriculture industry in Middle East and Africa region is expected to fuel the silver Sulphate consumption during the forecast period thus leading 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
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Silver Sulphate Market: Segmentation
Silver Sulphate Market can be segmented on the basis of Form –
- Solid
- Powder
Silver Sulphate Market can be segmented on the basis of end use industry:
- Agriculture industry
- Food Industry
- Pharmaceutical Industry
- Chemical Industry
- Others (Military, optical etc.)