Ferric Chloride Market Share, Insight, Report, Trends, Analysis, & Forecast

Global 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

The global ferric chloride market is estimated the ferric chloride market size to grow at a CAGR of 4.6 % during the forecast period 2022-2029.

• Ferric chloride is used to remove impurities in water and for 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 sulphate, polyaluminium chloride and alum. These properties are anticipated to help drive consumption of 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 non corrosive alternatives like alum and ferrous sulphate are used. Thus, these properties may have significant impact on the growth of the ferric chloride market during the forecast period.

• Moreover, use of ferric chloride for etching of printed circuit boards has increased, this will have a significant impact on the growth of 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 out 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 EMEA region due to increasing demand of coagulants in this region. 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.

Why purchase the report?

•  Identify commercial opportunities in Global Ferric Chloride Market by analyzing trends and co-development deals.

•  Excel data sheet with thousands of data points of the Global Ferric Chloride Market by segmentation level.

•  PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

•  Product mapping in excel for the key ferric chloride of all major market players.

Target Audience

•  Raw Material Suppliers/ Buyers

•  Product Suppliers/ Buyers

•  Industry Investors/Investment Bankers

•  Education & Research Institutes

•  Research Professionals

•  Emerging Companies

•  Manufacturers

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