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MEA Ferric Chloride Market Size
- Report ID: GMI4965
- Published Date: Mar 2021
- Report Format: PDF
MEA Ferric Chloride Market Size
MEA Ferric Chloride Market size exceeded USD 200 Million, in 2019 and is estimated to grow at over 6.6% CAGR between 2020 and 2026 owing to application of product for various water treatment applications. The product is widely used in industrial water treatment plants which should spur the industry demand during the assessment period.
Ferric Chloride is an inorganic compound used to remove impurities in water and for wastewater treatment. The product acts as a flocculant and coagulant for water dirt removal and cleanses the water which is potable and is used for various industrial applications. It is used for its application in wastewater treatment, as catalyst to increase rate of chemical reactions and in medicine it acts as astringent.
The ferric chloride is a chemical which is orange to brown, black solid or liquid form and is slightly water soluble. The product is also available in anhydrous solid lumps. It is a chemical which is produced from reaction of dry chloride with scrap iron in presence of high temperature. The ferric chloride has wide industrial demand as it is used in treatment of industrial waste, treat sewage, water purifying agents and etching agent in circuit boards.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| MEA Ferric Chloride Market Size in 2019: | USD 203.85 Million |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 6.6% |
| 2026 Value Projection: | USD 314.69 Million |
| Historical Data for: | 2015 to 2019 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 232 |
| Segments covered: | Form, Application, End-Use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Increasing awareness about drinking clean water and increased amount of water waster should boost product demand. The product is used as chemical agent which precipitates phosphorous to obtain clean water. Moreover, the product provides high treatment characteristics as compared to other chemicals such as alum and ferrous sulphate. The product ability to provide higher benefits than other chemicals is likely to accelerate MEA ferric chloride market growth.
The product offers acidic and corrosive nature which limits the application of the product in some water treatment plants where other treating agents such as alum is used. This corrosive property of the product may restrain the product market growth. Rising government regulation for shipment of corrosive compounds may further restrain the MEA ferric chloride market demand.
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MEA Ferric Chloride Market Scope
