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Ferric Chloride Market 2022 Growth Study, Future Trends, Demands, and Top Players Data by Forecast to 2030

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Ferric Chloride Market Overview

According to Market Research Future (MRFR), the ferric chloride market is expected to garner enormous accruals by 2030. In its recently published analysis, MRFR also asserts that the already booming ferric chloride market would register a CAGR of over 4.65% by the end of 2030. Increasing awareness towards clean drinking water and the sewage water released to water bodies is a key driving force impacting the growth of the market.

The ferric chloride market is expanding rapidly, mainly due to the extensive consumption of ferric chloride in the pharmaceuticals and wastewater treatment industry. Moreover, widespread usage of ferric chloride in the chemicals and electronics industry accelerates the growth of the market, hugely. Simultaneously, Industries such as metals & metallurgy and potable water treatment create substantial market demand, globally.

Top Manufacturers

Players leading the global ferric chloride market include Tessenderlo Group (Belgium), Kemira (Finland), Chemifloc LTD (Ireland), Gulbrandsen (US), KEM ONE (France), Sidra Wassercheime GmbH (Germany), Malay-Sino Chemical Industries SDN. BHD (Malaysia), Sukha Chemical Industries (India), PVS Chemicals (US), BorsodChem (Hungary), BASF SE (Germany), Feralco AB (France), Seqens Group (France), and Saf Sulphur Company (Saudi Arabia), among others.

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Additionally, ferric chloride is widely used as an etching agent in PCBs, which further boost the growth of the market. Furthermore, increasing demand for ferric chloride in pigment manufacturing and catalyst applications are expected to create lucrative opportunities for the market players. Some of the burgeoning end-use industries, including healthcare and electronics, among several other sectors, are escalating the market on the global platform.

On the other hand, the corrosive and acidic nature of ferric chloride, inhibits the growth of the market, restricting its usage in certain water treatment plants. Also, stringent regulations imposed by the governments on the production & shipment of ferric chloride and its dispersion into a glass or plastic containers would further restrain the market growth.

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Ferric Chloride Market — Segments

The report is segmented into four market dynamics to widen the scope of understanding,

By Grade: Ferric Chloride Hexahydrate Lumps, Anhydrous, Ferric Chloride Liquid

By Application: Wastewater Treatment, Metal Surface Treatment, Potable Water Treatment, Electronic Etchants, Printed Circuit Boards (PCBs), Pigment Manufacturing, Catalyst, and Asphalt Blowing, among others.

By End-use Industry: Pharmaceuticals, Chemicals, Electronics, Metals & Metallurgy, Municipal Wastewater Treatment, and Municipal Potable Water Treatment, among others.

By Regions: Europe, North America, APAC, and the Rest-of-the-World (RoW).

Ferric Chloride Market -Regional Analysis

The Asia Pacific region dominates the global ferric chloride market with the largest market share. Massive consumption of ferric chloride in rapidly growing industries such as water treatment and electronics drives growth in the regional market. Moreover, increasing application areas in the metals and metallurgy industry propel the regional market growth.

China accounts for the largest ferric chloride market in the region due to the increasing demand for the substrate in the etching of PCBs. South Korea, Japan, Malaysia, and India, are other countries contributing to the growth of the regional market. In sync with similar growth trends, the APAC ferric chloride market is predicted to grow with a phenomenal CAGR over the review period (2022 to 2030).

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Europe ferric chloride market is another lucrative market, globally. High consumption potential due to the presence of major end-use industries is a dominant factor impacting the market growth in the region. Besides, the burgeoning pharmaceuticals and potable water treatment industry are creating a significant market demand in the region. Germany, backed by the growing demand for the product in pigment manufacturing, contributes to the regional market, majorly. Also, countries such as France, Italy, Hungary, and Belgium contribute to the regional market growth substantially.

The ferric chloride market in North America is emerging as a profitable market globally. Increasing application of the substrate in the pharmaceuticals and wastewater treatment sector fosters the growth of the regional market. Also, surging demand for ferric chloride in sewage and industrial wastewater treatment propels the regional market growth. The US is the largest market in the region. Due to the high consumption potential, increasing production capacities, and well-developed economy, the region is predicted to garner tremendous gains over the forecast period.

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Ferric Chloride Market — Competitive Analysis

The ferric chloride market appears to be highly competitive due to the presence of several large and small-scale players. Pricing, technology, and services are the three major parameters these key players compete based on. Furthermore, these players incorporate strategic initiatives, such as mergers & acquisitions, collaboration, expansion, and product/technology launch to gain a subaerially larger competitive advantage in the market.

Manufacturers strive to deliver the best quality ferric chloride developed using innovative technologies, and best practices. High growth potential demonstrated by the market attracts many entrants to the market, which is intensifying the market competition further. There will be immense growth opportunities for manufacturing companies to capture the market.

Industry/ Innovation/ Related News

ALTIVIA (the US), a water treatment chemical producer and the largest merchant producer of Phosgene derivative intermediates in the Americas, announced the expansion of its specialty chemicals production capacity at its Phosgene Derivatives Unit in Texas. The new multipurpose production unit will result in a 30% increase in capacity for the production of acid chlorides and chloroformates. The new reactor system and its multipurpose design will further expand ALTIVIA’s continuous phonation capabilities and improve production flexibility to meet the growing and changing customer demands.

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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