The new report by Expert Market Research titled, ‘Global Ferric Chloride Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global ferric chloride market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 4%
The market for ferric chloride is being driven by the significant support provided by the Asia Pacific region in the recent years. Within the region, China is dominating due to the rising demand for the product in the etching of printed circuit board (PCB). Other significant countries within the Asia Pacific region include Japan, India, and South Korea. The usage of ferric chloride is expected to upsurge in water treatment due to the several water treatment regulations in European countries like the United Kingdom, France, and Belgium. The rising demand for the product in Germany on account of its utilisation in pigment manufacturing has led Europe to be the major consumers of the salt.
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Industry Definition and Major Segments
Ferric chloride, also known as iron (III) chloride, is a brownish anhydrous compound having a pungent smell. Ferric chloride is used as a flocculent, which are the chemical compounds that bind tiny particles together so they can be eliminated from the water. It is primarily used for water treatment.
On the basis of application, the ferric chloride industry is divided into:
The regional markets for the product are:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The market for ferric chloride is being driven by the growing awareness regarding the need for clean drinking water. This is expected to aid the market growth over the forecast period as well. The market is further aided by the increasing consumption of ferric chloride in municipal water treatment as a result of its ability to undergo quick hydrolysis. Also, the raw materials required for the manufacture of industrial ferric chloride are comparatively cheaper. This results in cost-efficient ferric chloride in comparison to the other water treatment chemicals such as ferrous sulphate and aluminium chloride. Therefore, enhancing the demand for the product. The rising demand for electronics like smartphones and laptops, among others, is also expected to push the market growth over the forecast period.
Key Market Players
The major players in the market are Kemira Oyj (HEL: KEMIRA), BASF SE (ETR: BAS), Nouryon Chemicals Holding B.V., Seqens Group, Chemifloc Limited, Feralco AB, and Tessenderlo Group (EBR: TESB), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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