Global Ferric Chloride Market, By Grade (Anhydrous, Ferric Chloride Hexahydrate Lumps, and Ferric Chloride Liquid), Application (Wastewater Treatment, Metal Surface Treatment, Potable Water Treatment, Electronic Etchants, Reagents, and Others), End-Use Sector (Industrial and Institutional) - Industry Trends and Forecast to 2030.
Ferric Chloride Market Analysis and Size
Major factors that are expected to boost the growth of the ferric chloride market in the forecast period are the rise in consumer alertness regarding waterborne diseases such as cholera and typhoid. Furthermore, the increase in the need for clean drinking water is further anticipated to propel the growth of the global ferric chloride market. Moreover, the rise in strict regulations to reduce water pollution is further estimated to cushion the growth of the global ferric chloride market. On the other hand, the strict regulations executed in companies during the manufacturing and shipment of ferric chloride products are further projected to impede the growth of the ferric chloride market in the timeline period.
Data Bridge Market Research analyses that the global ferric chloride market which was USD 6,995 million in 2022, would rocket up to USD 10,932 million by 2030, and is expected to undergo a CAGR of 5.50% during the forecast period. This indicates that the market value. Waste water treatment segment is expected to dominate the market because of increasing demand for water purification and wastewater treatment applications. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Ferric Chloride Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2023
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in liters, Pricing in USD
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Segments Covered
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By Grade (Anhydrous, Ferric Chloride Hexahydrate Lumps, and Ferric Chloride Liquid), Application (Wastewater Treatment, Metal Surface Treatment, Potable Water Treatment, Electronic Etchants, Reagents, and Others), End-Use Sector (Industrial and Institutional)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa
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Market Players Covered
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BASF SE (Germany), BPS Products, Inc. (U.S.), Sidra Wasserchemie GmbH (Germany), Tessenderlo Group (Belgium), Asia Chemical Corporation, Inc. (Taiwan), National Biochemicals Corp. (China), Khushi Chemical Pvt. Ltd (India), Akzo Nobel N.V. (Netherlands), PVS Chemicals, Inc. (U.S.), Kem One (France), Chemical Company of Malaysia Bhd. (Malaysia), Jinan Runyuan Chemical Co., Ltd. (China), Sukha Chemical Industries (India), Wanhua-BorsodChem (Hungary), SEQENS SAS (France), Feralco AB (Sweden), Saf Sulphur Company (Saudi Arabia), Kemira (Finland), Chemifloc Ltd. (U.K.)
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Market Opportunities
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Market Definition
Ferric chloride or iron (3+) chloride (FeCl3) can be referred to as a brownish liquid with a pungent odour similar to hydrochloric acid. It also occurs in solid lumps or anhydrous powder form. It is an industrial-scale commodity. It is an inorganic compound with a high miscibility affinity with acetone, water, and ethanol. It is accessible in powder and liquid form with a high melting point. It is used in several industries such as chemical, pharmaceutical, metallurgy, and electronics because of its solubility with organic solvents and exothermic nature, which assistances in the rising reaction rates.
Global Ferric Chloride Market Dynamics
Drivers
- Increasing Demand from Water Treatment Industry
Ferric chloride is widely used as a coagulant in water treatment processes, especially for the removal of pollutants and contaminants. The growing focus on clean water initiatives and stricter regulations regarding water quality are driving the demand for ferric chloride in the water treatment sector.
- Expansion of Electronics and Semiconductor Industries
Ferric chloride is utilized in printed circuit board (PCB) manufacturing as an etching agent. With the rapid growth of the electronics and semiconductor industries, particularly in emerging economies, the demand for ferric chloride for PCB etching is expected to increase.
Opportunity
- Growing Adoption in Wastewater Treatment
As environmental concerns continue to rise, there is an opportunity for the global ferric chloride market to expand further in the wastewater treatment sector. Ferric chloride is effective in treating industrial wastewater, municipal sewage, and other effluents, offering a potential growth avenue for the market.
Restraints/Challenges
- Fluctuating Prices of Raw Materials
The production of ferric chloride involves the use of raw materials such as iron ore and hydrochloric acid. The volatility in the prices of these raw materials can impact the overall production cost and profitability of ferric chloride manufacturers.
- Environmental and Health Concerns
The handling and disposal of ferric chloride solutions can pose environmental and health risks if not managed properly. Stringent regulations related to the safe handling, storage, and transportation of ferric chloride may pose challenges for market players in terms of compliance and additional costs for meeting regulatory requirements.
This global ferric chloride market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global ferric chloride market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In November 2021, Kemira completes U.K. expansion of ferric-based water-treatment chemicals, they state that he annual production of ferric-based water-treatment chemicals in Goole will be increased by more than 1,00,000 tons annually.
Global Ferric Chloride Market Scope
The global ferric chloride market is segmented on the basis of grade, application, and end-use sector. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grade
- Anhydrous
- Ferric Chloride Hexahydrate Lumps
- Ferric Chloride Liquid
Application
- Waste-Water Treatment
- Metal Surface Treatment
- Potable Water Treatment
- Electronic Etchants
- Reagents
- Others
End-Use Sector
- Industrial
- Institutional
Ferric Chloride Market Regional Analysis/Insights
The global ferric chloride market is analysed and market size insights and trends are provided by grade, application, and end-use sector as referenced above.
The countries covered in the global ferric chloride market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., Israel, Egypt, South Africa, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and rest of South America as part of South America
Asia-Pacific dominates the global ferric chloride market due to the rise in the consumption of ferric chloride in the water treatment and electronics industries. Furthermore, the growing need for the product in the etching of PCBs will further boost the growth in the global ferric chloride market in the region during the forecast period.
North America is projected to observe a significant amount of growth in the global ferric chloride market due to the rise in the application of the product in pharmaceuticals and waste-water treatment. Moreover, the increasing demand for ferric chloride in sewage and industrial waste-water treatment is further estimated to cushion the growth in the global ferric chloride market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ferric chloride Market Share Analysis
The global ferric chloride market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to global ferric chloride market.
Some of the major players operating in the global ferric chloride market are
- BASF SE (Germany)
- BPS Products, Inc. (U.S.)
- Sidra Wasserchemie GmbH (Germany)
- Tessenderlo Group (Belgium)
- Asia Chemical Corporation, Inc. (Taiwan)
- National Biochemicals Corp. (China)
- Khushi Chemical Pvt. Ltd (India)
- Akzo Nobel N.V. (Netherlands)
- PVS Chemicals, Inc. (U.S.)
- Kem One (France)
- Chemical Company of Malaysia Bhd. (Malaysia)
- Jinan Runyuan Chemical Co., Ltd. (China)
- Sukha Chemical Industries (India)
- Wanhua-BorsodChem (Hungary)
- SEQENS SAS (France)
- Feralco AB (Sweden)
- Saf Sulphur Company (Saudi Arabia)
- Kemira (Finland)
- Chemifloc Ltd. (U.K.)
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