The global ferric hydroxide market is predicted to grow at a CAGR of 6% in the forecast period of 2022-2027. The major players in the global ferric hydroxide market are Xiamen Hisunny Chemical Co., Ltd, Ferro Corporation, and Cathay industries, among others.
Ferric hydroxide is prepared by the reaction of ferric salt with sodium hydroxide. The product appears as dark orange, opaque crystals, with no odour. The increased emphasis on providing people with safe drinking water free of contaminants is assisting the segment's growth.
The increasing demand for portable drinking water, free from unwanted and harmful substances, is aiding the market's growth. Owing to its properties, ferric oxide can be used for water treatment. Currently, several countries like Germany and the United States, among others, have put in place several plants for arsenic removal from drinking water.
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Governments across nations have implemented strict wastewater treatment policies to curb water pollution and are also promoting sustainable water treatment practices in various industries, such as chemical, pharmaceutical, oil and gas, among others. The increasing awareness about clean drinking water is further expected to drive the ferric hydroxide market in the forecast period.
Some other factors driving the global market growth include the thriving paints and coatings sector, increasing construction activities, escalating disposable incomes, growing pharmaceuticals industry, growing utilisation of application-specific yellow iron oxide as colour additive for cosmetic applications, and rapid urbanisation. Moreover, the surge in pharmaceutical services due to the pandemic will also aid the industry's growth.
Headquarters: Xiamen, China
Xiamen Hisunny Chemical Co., Ltd is a leading producer and supplier of chemicals in China. The company is responsible for developing, producing, and distributing high-quality intermediates, special chemicals, OLED materials, and intermediates. The company's sole and sourcing was carefully constructed with regard to their plants in China for years; through this robust network, they can provide a wide range of fine chemicals and intermediates to the chemical industry globally.
Headquarters: Ohio, United States
One of the leading market players, Ferro is also a leading global supplier of technology-based functional coatings and colour solutions. The company's products include functional coatings for glass, metal, ceramic, and other colour solutions in the form of speciality pigments, and colorants for a variety of applications in various industries. Their products find use in building and construction, automotive, electronics, and many more end-uses.
Headquarters: Hong Kong
Cathay industries manufacture and supply complete colour solutions globally. The company has expanded itself over a wide range of businesses, such as manufacture and production of high-quality iron oxide, iron oxide pigment plants, supplying cost-effective raw materials, spray-died granule plant, and finishing and blending plants.
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