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Global Ferric Chloride Market to Grow at a CAGR of 4% During 2021-2026, Aided by Rising Regulations on Water Treatment

According to a new report by EMR titled, ‘Global Ferric Chloride Market Report and Forecast 2021-2026’, the global market for ferric chloride is expected to grow at a CAGR of 4% in the forecast period of 2021-2026.

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.

Market Analysis by Application and Region:

  • Based on the application, the industry can be divided into water and wastewater treatment, printed circuit board (PCB), pigment manufacturing, animal nutrient supplement, and asphalt blowing, among others.
  • The regional markets for ferric chloride include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The ferric chloride industry is being driven by the rising regulations on water treatment.
  • The rise in demand for electronic appliances like laptops, smartphones, and tablets is expected to aid the market growth.
  • The growing usage of the product in the nutritional supplement is predicted to fuel the market growth.
  • The market is expected to receive a further boost from the rising pigment manufacturing industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for ferric chloride for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the application and major regions of ferric chloride.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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