Ferric Chloride Market Size, Share and Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2024 – 2032

Ferric Chloride Market Size

Ferric Chloride Market is anticipated to grow at a robust pace during the forecast period of 2024-2032, as there is a high necessity for effective coagulants to improve the water treatment process. Ferric chloride formulations are becoming popular as cost-effective coagulants. They can be sourced from waste materials generated by steelmaking factories, thereby enabling them to function as a green alternative.
 

Ferric Chloride Market Trends

One notable trend is the increasing demand for ferric chloride in water treatment applications, owing to its effectiveness in removing impurities and pollutants from industrial wastewater. Additionally, the electronics industry is contributing to market growth, with ferric chloride finding extensive use in printed circuit board (PCB) manufacturing processes. The surge in electronic device production and the proliferation of smart technologies are bolstering this demand.
 

Ferric Chloride Market Analysis

Based on application, the wastewater treatment segment is expected to capture a sizeable share of ferric chloride industry by 2032. Wastewater generated from manufacturing plants is becoming a major environmental issue. It has prompted governments across the globe to introduce stringent regulations with respect to the treatment of sewage water and industrial waste to reduce pollution, fueling the product demand as coagulant. 
 

In terms of end-use, the pharmaceutical sector segment is predicted to record a considerable CAGR through 2032. The global burden of various blood disorders, such as anemia is rising. As per data by the National Heart, Lung, and Blood Institute, anemia affects more than 3 million people in the United States. This scenario can bolster the industry progress, as a wide range of industrial chemicals including ferric chloride anhydrous 96% are used in the production of drugs that cure anemia. Moreover, the health hazards and ecological risks posed by wastewaters and chemical sludges produced by the pharma sector will also accelerate the adoption of ferric chloride solutions in the upcoming years.
 

Latin America ferric chloride market revenue is set to record substantial growth through 2032 owing to the universalization of water and sanitization services. For instance, as per the ‘New Sanitation Legal Framework’, launched in Brazil in July 2020, the central government intended to guarantee access to clean water for more than 99% of the country’s population. The Framework also aimed to ensure that 90% of Brazilians get access to sewage collection & treatment services by 2033. Such schemes, along with rising investments to support the expansion of pulp mills, will augment the requirement of ferric chloride for water treatment solutions, thereby accelerating the regional market growth.
 

Ferric Chloride Market Share

The competitive landscape of ferric chloride industry consists:

• Chemifloc
• Kemira
• Chemical Company of Malaysia
• Feralco
• Kem One
• Gulbrandsen
• BorsodChem
• Malay-Sino Chemicals
• BPS Products
• Sidra Wasserchemie
• BASF
• Feracid
• Akzo Nobel Industrial Chemicals
• Tessenderlo
• PVS Chemicals
• Asia Chemicals
• National Biochemicals
   

New product launches, alongside strategic partnerships, mergers, and acquisitions are the key initiatives being undertaken by these companies to strengthen their presence in the market.
 

Ferric Chloride Industry News

• In April 2023, Bosch BASF Smart Farming, in collaboration with AGCO Corporation, announced the development & commercialization of Smart Spraying technology with Fendt Rogator sprayers. They will further work together to develop additional new features for the technology.

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