Ferric chloride market forecast to witness phenomenal growth opportunities by 2025

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Ferric Chloride Market share research by
applications and regions for 2019-2025 Global
Market Insights, Inc.
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Overview of Ferric Chloride Market

• North America ferric chloride market demand led
  by Canada and U.S. should witness significant
  growth during forecasted period owing to
  increasing wastewater treatment activities in the
  region. In the U.S., it is widely used in potable
  water treatment and wastewater treatment by
  municipalities. In addition, presence of major
  companies including Veolia, Suez, American Water
  Works operating in industrial wastewater
  treatment have positive impact on driving the
  regional market growth.
• Ferric Chloride Market size is likely to witness
  steady gains in the forecast period owing to
  increasing consumer awareness related to
  waterborne diseases such as cholera and Typhoid.
  Furthermore, rising demand for clean drinking
  water and growing stringent regulations to reduce
  water pollution have positive impact on the
  market growth. It undergoes rapid hydrolysis with
  water, possesses higher cost efficiency and
  better performance characteristics than other
  chemicals such as polyaluminium chloride,
  potassium permanganate and ferrous sulphate which
  may drive ferric chloride market demand.

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• Ferric chloride is an inorganic compound with
  high miscibility affinity with water, acetone,
  and ethanol. It is available in liquid and powder
  form with high melting point. It is utilized in
  various industries such as pharmaceutical,
  chemical, electronics, and metallurgy owing to
  its solubility with organic solvents and
  exothermic nature which aids in increasing
  reaction rates. The chemical remains stable under
  high heat and acts effectively in a wide pH band
  which makes it easy and safe for their
  application thereby driving the market share.
• Increasing concerns on depleting water resources,
  rising water consumption and pollution levels may
  trigger the ferric chloride market. It is widely
  used in water treatment applications owing to its
  effectiveness in clearing water contaminants such
  as sludge, heavy metals, and decomposing organic
  matter. The chemical leaves slight residual color
  breaks down odour causing pollutants and offers
  high turbidity removal. In UK, the number of
  serious water pollution incidences were over 315
  in 2016 primarily from farming activities,
  biowaste treatment activities and other waste
  treatment and recycling activities in the
  country. Increase in serious pollution incidences
  caused by waste management activities and water
  companies along with stringent regulations on
  high industrial effluents entering into natural
  water sources is expected to drive ferric
  chloride market share.

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• Ferric chloride is widely used as etchant in
  production of printed circuit boards. It is
  utilized in chemical etching of copper-based
  metals in PCBs as it is soluble in water, does
  not decompose and attack thin protecting layer in
  circuits which makes it attractive to
  manufacturers. Rising demand for electronics such
  as mobiles, laptops, tablets, and household
  appliances owing to increasing technological
  trends and stringent marketing techniques by
  online retailers may foster market demand. The
  global PCB sales in 2016 was over USD 70 billion
  in 2016 owing to rising demand for high quality
  electronics. It is the one of the least harmful
  chemical etchants as direct exposure to the skin
  can be alleviated with water unlike other
  chemical etchants like hydrochloric acid,
  chlorine, or pickling acid. Its versatility with
  different types of metals and nickel-based alloys
  such as zinc, tin, indium, and manganese used in
  manufacturing various kinds of circuit boards may
  accelerate ferric chloride market share.
• Europe driven by UK, Germany, Italy, and France
  ferric chloride market size may witness
  substantiate growth during forecasted period. In
  highly industrialized Western European region,
  the chemical is widely used as coagulant for
  potable water production and sewage treatment. It
  is recognized as a sequestering agent for sludge
  and odor control and highly effective flocculant
  thereby driving the product demand. Stringent EU
  regulation for clean water standards in both
  industrial and municipal sectors is projected to
  have positive impact on market growth.

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• Asia Pacific ferric chloride market demand led by
  China, India, and Japan may see significant
  growth during forecasted period on account of
  economic and population expansion in the region
  leading to rising demand for water treatment. In
  addition, increasing demand for water cleaning
  chemicals owing to rapid industrialization, rise
  in textile, and pharmaceutical industry should
  foster ferric oxide market share. Chinas textile
  export was over USD 105 billion in 2017 owing to
  increasing demand for synthetic, cotton and silk
  clothing products. Textile and pharmaceutical
  industries produce vast amount of inorganic
  sludge which accumulates and increases the
  propagation of algae thus effecting aquatic
  biodiversity and marine life. It is widely used
  in breaking down inorganic sludge and water
  cleaning applications without affecting aquatic
  flora and fauna which may accelerate market
  share.
• Global ferric chloride market share is fragmented
  as market consist of various players. Companies
  such as BASF, BPS Products, Sidra Wasser Chemie,
  Tessenderlo, Asia Chemicals, National
  Biochemicals, BorsodChem, Akzo Nobel Industrial
  Chemicals, PVS Chemicals, Kem One, Chemical
  Company of Malaysia, and Jinan Runyuan are key
  players in this market.

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Methodology

• Market
  research reports Key analytical components

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