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 effi