Ferric Chloride Market

SKU: DMCH369 | Last Updated On: Nov 11 2022 | Available Formats

>Ferric Chloride Market Expected to reach a high CAGR 4.93% By 2029: DataM Intelligence

Ferric Chloride Market is segmented By Application (Water and Wastewater Treatment, Printed Circuit Board (PCB), Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[150 Pages Report] The ferric chloride market is estimated the ferric chloride market size to grow at a CAGR of 4.93% during the forecast period 2022-2029.

Ferric Chloride Market - Strategic Insights

Metrics

Details

Market CAGR

4.93%

Segments Covered

By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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  • Ferric chloride is used to remove impurities in water and wastewater treatment. Combined with use in industrial water applications and the pre-treatment of seawater before desalination. Moreover, wastewater treatment plants use ferric chloride extensively to treat water and meet the required standards.

  • In addition, with increasing awareness about the need for clean drinking water, especially in developing regions, the demand for ferric chloride is expected to increase during the forecast period.

  • Furthermore, ferric chloride has higher cost efficiency and better performance characteristics than some of the other water treatment chemicals like ferrous sulfate, polyaluminium chloride, and alum. These properties are anticipated to help drive consumption of the global ferric chloride market during the forecast period.

  • Ferric chloride is acidic and corrosive, and this tends to limit the use of ferric chloride in certain industrial wastewater treatment applications where noncorrosive alternatives like alum and ferrous sulfate are used. Thus, these properties may have a significant impact on the growth of the ferric chloride market during the forecast period.

  • Moreover, the use of ferric chloride for the etching of printed circuit boards has increased, and this will have a significant impact on the growth of the ferric chloride market.

Market Segmentation Analysis

On Basis of Application:

  • Ferric chloride is used to remove phosphorus from the wastewater. It is used to treat waste and drinking water, though the application technology used for both is different.

  • It precipitates the phosphorus into non-soluble forms that become non-usable by plants and microorganisms. Among other applications, water treatment application is expected to be the major consumer in the ferric chloride market.

Geographical Share

  • Geographically, the global ferric chloride market has been segmented into North America, Europe, Asia-pacific, Africa, and others. Among all the regions, Asia-Pacific accounted for the largest market size in terms of consumption of ferric chloride, followed by Europe and North America. With increasing industrial activities in the Asia-Pacific region, the demand for ferric chloride is also expected to grow. Also, with the increasing population and high urbanization rates in the region, the usage of ferric chloride in water treatment is likely to grow significantly.

  • Furthermore, the ferric chloride market is expected to have robust growth in the EMEA region due to the increasing demand for coagulants in this region. The Ferric chloride market is expected to be stable in the North American region due to increased consumption of ferric chloride in industrial wastewater treatment. Hence the demand for ferric chloride is also projected to be high in these countries.

Competitive Trends

  • PVS Chemicals, Kemira, Tessenderlo Group, Feralco Group, Feracid, BASF, Saf Sulphur Factory, BorsodChem, Qingdao, Haijing Chemical, and Sukha Chemical Industries. are among the few key operating players in the global ferric chloride market.

FAQ

What is the ferric chloride market growth?

The market is growing at a CAGR of 4.93%.

What is the ferric chloride market size in 2021?

The Market size was valued at USD YY million in 2021.

Who are the key players in the ferric chloride market?

PVS Chemicals, Kemira, Tessenderlo Group, Feralco Group, Feracid, BASF, Saf Sulphur Factory, BorsodChem, Qingdao, Haijing Chemical, and Sukha Chemical Industries.

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