Ferric Chloride Market 2022 Outlook, Current and Future Industry Landscape Analysis 2026 |Tessenderlo Group (Belgium), Chemifloc LTD (Ireland), KEM ONE (France), Gulbrandsen (US)
Market Analysis
The
global ferric chloride market is anticipated to grow at a 4.65% CAGR between
2017-2024, as per the recent Market Research Future (MRFR) report. Ferric
chloride is an aqueous solution that is light brown to colorless and has a
faint hydrochloric odor. It has an extensive range of applications, including
metallurgy, electronics, chemical, and pharmaceutical for its solubility with
various organic solvents along with its exothermic nature that helps to
increase reaction rates. It is utilized as a catalyst in organic synthesis, to
treat over-cropping of animal claws, a drying reagent in an anhydrous form in
some reactions, and in energy storage systems.
Numerous
factors are adding to the growth of the global ferric chloride market. These
factors, according to the latest Market Research Future report, include
increasing awareness of consumers about the waterborne disease, especially
typhoid and cholera, better performance characteristics, higher cost
efficiency, demand for clean drinking water, and increasing pollution and water
consumption levels.
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Key
Players
Notable
players profiled in the global ferric chloride market report include Saf
Sulphur Company (Saudi Arabia), Feralco AB (France), Seqens Group (France),
BASF SE (Germany), PVS Chemicals (US), BorsodChem (Hungary), Sukha Chemical
Industries (India), Sidra Wassercheime GmbH (Germany), MALAY-SINO CHEMICAL
INDUSTRIES SDN. BHD (Malaysia), Gulbrandsen (US), KEM ONE (France), Chemifloc
LTD (Ireland), Tessenderlo Group (Belgium), and Kemira (Finland). Key players
are incorporating specific strategies to create a niche in the market, such as
partnerships, mergers, collaborations, and others.
On
the contrary, the acidic and corrosive nature of ferric chloride in specific
water treatment plants coupled with strict regulations laid down by the
government on companies at the time of its production as well as shipment, and
the dispersion of ferric chloride into plastic container or glass are factors
that may hamper the global ferric chloride market growth during the forecast
period.
Market
Segmentation
The
Market Research Future report provides a complete segmental analysis of the
global ferric chloride market based on end use industry, application, and
grade.
By
grade, the global ferric chloride market is segmented into ferric chloride
liquid, ferric chloride hexahydrate lumps, and anhydrous.
By
application, the global ferric chloride market is segmented into asphalt
blowing, catalyst, pigment manufacturing, printed circuit boards, electronic
etchants, potable water treatment, metal surface treatment, waste-water
treatment, and others.
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By
end use industry, the global ferric chloride market is segmented into municipal
potable water treatment, municipal waste-water treatment, metals and
metallurgy, electronics, chemicals, pharmaceuticals, and others.
Regional
Analysis
By
region, the global ferric chloride market report covers the latest trends and
growth opportunities across the Americas, Europe, the Asia Pacific, Latin
America, and the Middle East and Africa. Of these, the APAC region will remain
the driving force in the market during the forecast period for its extensive
use in the electronics and water treatment industry. Besides, the rising
application of ferric chloride in the metal & metallurgy industry is also
adding to the market growth. China is the key contributor in the region for its
increasing demand in the etching of PCBs followed by India, Malaysia, Japan,
and South Korea.
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The
global ferric chloride market in Europe will have lucrative growth during the
forecast period. Numerous factors are adding to the growth of the ferric
chloride market in the region, such as high consumption potential, presence of
key end use industries, booming portable water treatment and pharmaceuticals
industry, and increasing use in pigment manufacturing. Germany, Belgium,
Hungary, Italy, and France are the key contributors in this region.
The
global ferric chloride market in North America will have profitable growth
during the forecast period. Numerous factors are adding to the growth of the
ferric chloride market in the region such as rising application of ferric
chloride in the waste-water treatment sector and pharmaceuticals, surging
demand in industrial waste-water and sewage treatment, well-developed economy,
increasing production capacities, and high consumption potential. The US is the
chief contributor in this region.
The
global ferric chloride market in Latin America and the MEA will have stable
growth during the forecast period.
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