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The Asia Pacific held a significant share of the ferric chloride industry in the historical period. China, India, Japan, and South Korea are the significant markets in the region, with China accounting for the largest share of the market owing to the utilisation of the product in the etching of printed circuit boards. Europe is also a major market for ferric chloride owing to the government regulations on water treatment in various European countries.
The utilisation of ferric chloride in municipal water treatment has increased due to the implementation of various amendments to the Safe Drinking Water Act. In September 2017, Kemira Oyj (NASDAQ: KOYJF), a key player, signed an agreement to form a joint venture with Shandong Tiancheng Wanfeng Chemical Technology to strengthen its position in the water treatment industry. Such agreements are expected to enhance the market growth of ferric chloride as this would result in increased competition and improved products. The adoption of ferric chloride in the surface treatment of metals like copper and zinc is also fuelling the market. Further, rising innovations are further expected to invigorate the market growth in the forecast period.
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The major players in the global ferric chloride market are Kemira Oyj, BASF SE, Nouryon Chemicals Holding B.V., Seqens Group, Chemifloc Limited, Feralco AB, and Tessenderlo Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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