Ferric Chloride Market Business Analysis, CAGR, Share, Revenue and Prominent Key Players to 2024

26/ago/2019 11:22:13 Market Research Future Contatta l'autore

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Overview:

Ferric Chloride is an industrial scale chemical, which exists in amorphous solid and liquid form. It is widely used as a coagulating agent in water treatment plants and as an etching agent in metal and electronics industries. Ferric Chloride is widely used as a concentrated solution with 40% w/w minimum concentration.

According to MRFR analysis, the Global Ferric Chloride Market is estimated to register a healthy CAGR of 4.65% by the end of 2024.

Competitive Analysis:

MALAY-SINO CHEMICAL INDUSTRIES SDN. BHD (Malaysia),Chemifloc LTD (Ireland), PVS Chemicals (US), BASF SE (Germany), Seqens Group (France), Feralco AB (France), KEM ONE (France), Gulbrandsen (US), Kemira (Finland), Tessenderlo Group (Belgium), Sidra Wassercheime GmbH (Germany), Sukha Chemical Industries (India), BorsodChem (Hungary), and Saf Sulphur Company (Saudi Arabia) are some of the key players operating in the Global Ferric Chloride Market.

Market Segmentation:

The Global Ferric Chloride Market has been segmented based on Grade, Application, End-Use Industry, and Region.

Based on Grade, the Global Ferric Chloride Market has been classified into anhydrous, ferric chloride hexahydrate lumps, and ferric chloride liquid.

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By Application, the Global Ferric Chloride Market has been divided into wastewater treatment, metal surface treatment, potable water treatment, electronic etchants, printed circuit boards (PCBs), pigment manufacturing, catalyst, asphalt blowing, and others.

Based on End-Use Industry, the Global Ferric Chloride Market has been categorized into pharmaceuticals, chemicals, electronics, metals and metallurgy, municipal wastewater treatment, municipal potable water treatment, and others.

The Global Ferric Chloride Market has been studied across five key regions, namely – Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis:

Geographically, the Global Ferric Chloride Market has been studied across the five regions—Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The Asia-Pacific market dominated in 2018 on account of increasing demand for the product in wastewater treatment, metal surface treatment, and electronics industries. China is expected to be the major contributor to the regional market growth owing to the increasing application of the product in electronic circuits and PCBs. Other countries contributing to the regional market growth are Japan, South Korea, India, and Malaysia. The European market accounted for the second-largest market share in 2018, owing to the growing adoption of the product in potable water treatment and catalyst applications. Germany is the leading country in the region followed by France, Belgium, Hungary, and Italy, owing to the high demand for ferric chloride in the pharmaceutical industry.

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