Ferric chloride market forecast to witness phenomenal growth opportunities by 2025 - PowerPoint PPT Presentation

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Ferric chloride market forecast to witness phenomenal growth opportunities by 2025

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Global ferric chloride market share is fragmented as market consist of various players. Companies such as BASF, BPS Products, Sidra Wasser Chemie – PowerPoint PPT presentation

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Title: Ferric chloride market forecast to witness phenomenal growth opportunities by 2025


1
Ferric Chloride Market share research by
applications and regions for 2019-2025 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
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.

3
Continue
  • 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.

4

Browse Full Research Report On Ferric Chloride
Market _at_ https//bit.ly/2lGcxgM Request
for an in-depth table of contents for this report
_at_ https//bit.ly/2kyM1W6 .com/request-toc/upcomin
g/1797
5
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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.

6
Continue
  • 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.

7
Methodology
  • Market
    research reports Key analytical components

8
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