Global Fluorosilicic Acid Market size worth $1 billion by 2025
Published Date: April 15, 2019 Authors: Kunal Ahuja, Kritika Mamtani
According to a new research report by Global Market Insights Inc., the Fluorosilicic Acid Market size is set to surpass USD 1 billion by 2025. Increasing consumer consciousness towards safe public drinking water systems may boost the market. It is derived from the production of hydrogen fluoride and sodium fluoride.
Increasing product usage across textile and chemical processing industries may further stimulate the market size. Furthermore, hexafluorosilicic acid and the salts are utilized as wood preservative agents and act as active ingredients.
Hide processing application segment may witness consumption at over 25 kilo tons up to 2025. The product is added in an aqueous dispersion layer form to tanning bath during leather tanning process, making it soft and compliant, which may enhance the fluorosilicic acid market growth.
Electroplating may exceed gains at over 5% in foreseeable timeframe. It is used in various chemical industries which act as a catalyst to conventional chromium electrolytes. The product act as a reducing agent in these electroplating processes, which may stimulate product growth. Moreover, when added with lime, sand and calcium fluoride are sent to landfills as non-hazardous chemicals, which are further used to neutralize large oil spills that accumulate in containment vessels.
Browse key industry insights spread across 180 pages with 180 market data tables and 22 figures & charts from the report, “Fluorosilicic Acid Market By Grades (40%, 35%, 25%), By Application (Water Fluoridation, Textile Processing, Metal Surface Treatment, Hydrogen Fluoride, Aluminum Fluoride, Silicofluorides Electroplating, Hide Processing, Oil Well Acidizing), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
U.S. fluorosilicic acid demand may witness growth at about 5.5% over the forecast period. Increasing public access towards fluoride sources through water or dental products like toothpaste, floss and mouthwash will stimulate the regional product demand. It is added to dental products as it aids in rebuilding tooth’s surface or enamel and reduces cavities, which is likely to drive the fluorosilicic acid market growth.
Germany from water fluoridation was estimated at over USD 6.5 million in 2018. Absorption of fluoride in groundwater in the EU is usually low and some countries have further added the product to public drinking water as a health concern. EFSA has set up consumption levels related to natural mineral water and other sources of fluoride. Commission Scientific Committee on Consumer Products has set certain levels for fluoride in dental products.
China may exceed gains at 6.5% by 2025. The ease of raw material availability owing to which manufacturers in the region are able to offer their products at relatively low prices may drive the product growth. Moreover, supportive government measures which focus on promoting investment in textile manufacturing sector may foster the fluorosilicic acid market share.
Honeywell, NAPCO, American Elements, IXOM and Fisher Scientific are the key industrial participants in hydrofluorosilicic acid industry. Most of the industrialist are focused to develop innovative products to enhance the market growth over the predictable timeframe.