Home > Pressrelease > MEA Ferric Chloride Market size worth over $300 million by 2026
MEA Ferric Chloride Market size worth over $300 million by 2026
- Published Date: March 5, 2021
According to a new research report by Global Market Insights Inc., the MEA Ferric Chloride Market size is set to surpass USD 300 Million by 2026. Growing importance for treating wastewater from sewage and other industrial wastewater should stimulate the market growth.
The ferric chloride is widely used as flocculant agent for water treatment which is likely to drive the product market growth. Flocculants are chemical substances which clump the tiny dirt particles together which are removed easily by filtering process. This ability of the product to remove dirt, germs thereby making it clean and safe for drinking should augment the MEA ferric chloride market share.
Increasing pollution from industry, agriculture and households has led to water deterioration which should likely accelerate the MEA ferric chloride market demand. The product is used as coagulant agent in wastewater treatment and in cleansing of drinking water. Coagulants are substances which are important for wastewater treatment as it removes phosphorous from water. Also, it enhances the removal of suspended solids and organic loads from water.
Wide application of liquid ferric chloride as plating agent will foster product demand
In 2020, the product market by liquid application was estimated to be over USD 130 million which shows opportunity for the MEA ferric chloride market growth. The product in liquid form is a light brown aqueous solution which has faint hydrochloric acid odor and is highly used for water purification and sewage treatment. Also, the product in its liquid state is used for manufacture of plating agents, solid separation agents and surface treating agents. The ferric chloride liquid is widely used as surface treating agents in electronic devices which should stimulate the demand for product in liquid form.
Rising demand for electronic devices along with growing awareness and demand for purified water should drive product market growth. Meat and processing industry, pharmaceutical industry and paper and pulp industries release high volumes of wastewater which increases the application of the product. Paper and pulp wastewater contain high amount of degradable organics which can be easily treated with the product and is likely to accelerate the MEA ferric chloride market growth.
“As per industry forecasts, potable water application segment is forecasted to witness a substantial growth at over 7% by the end of 2026 owing to rising demand for drinking water due to rising population”
Browse key industry insights spread across pages with 225 market data tables and 8 figures & charts from the report, “MEA Ferric Chloride Market By Form (Powder, Liquid, Lumps) By Application (Potable Water, Industrial Wastewater, Municipal Waste water, Specialty pigment, Electronic Etchants, Chemical Intermediate, Metal Surface Treatments, Others), By End-Use (Waste water treatment, Pharmaceuticals, Chemical, Electronics, Metals & Metallurgy, Others) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Rising use of the product for municipal wastewater treatment to stimulate the demand for product
Municipal wastewater treatment industry is estimated to witness over 5.5% CAGR by 2026. MEA ferric chloride is widely used in municipal wastewater treatment for phosphorous removal from water. The phosphorous content is reduced to 0.03-0.04 mg/L from 10 mg/L. The aim to reuse of municipal wastewater and removal of refractory organic matters is likely to drive the MEA ferric chloride market demand. Refractory organic matters are substances which are partially biodegraded and reduces the value of oxygen content in water thereby deteriorating the water which should raise the application of the ferric chloride.
Increasing water scarcity in MEA regions is rapidly showing interest towards non-conventional resources including reuse of treated wastewater for meeting consumer demand for water. Increasing investments in wastewater management for meeting potable water demand should boost the ferric chloride market growth in Middle East region. MEA is focusing on developing programs for safe wastewater reuse which should further augment the product market growth.
“As per industry forecasts, MEA Ferric Chloride market should witness significant gains at over 6% by the end of 2026 pertaining to rising number of wastewater treatment plants for meeting consumer water demand”
Rising demand for the product for industrial applications in Mediterranean region which should augment market growth
Egypt region is estimated to be over USD 15 million by 2026 which shows opportunities for the product consumption. Increased chemical export from Egypt region should raise the demand for the product as it is widely used as chemical intermediate and catalyst in chemical industry. Growing Chemical industry in Italy due to rising healthcare industry and growing reuse of wastewater in the region should foster product market growth.
Growing demand for consumer electronic is further expected to raise the demand for the product in liquid form which should in turn drive ferric chloride market in the region. Industrial contaminants and agricultural waste are major reason for water pollution in France which should raise the product demand. Furthermore, growing government norms for reduction of environmental pollution and wastewater treatment should accelerate the product market growth in the Mediterranean region.
Key market participants in MEA ferric chloride industry are Kemira, Tessenderlo Group, Chemifloc, Sat Sulfhur Company, AI-Kout, BASF, Feracid, Agua Chem Ltd and Swedish Jordanian Chemicals.