Global Ferric Chloride Market Size study & Forecast, by Grade (Anhydrous, Ferric Chloride Hexahydrate Lumps, Ferric Chloride Liquid), by Application (Wastewater Treatment, Potable Water Treatment, Metal Surface Treatment, Electronic Etchants, Reagents, Ot

Global Ferric Chloride Market Size study & Forecast, by Grade (Anhydrous, Ferric Chloride Hexahydrate Lumps, Ferric Chloride Liquid), by Application (Wastewater Treatment, Potable Water Treatment, Metal Surface Treatment, Electronic Etchants, Reagents, Others) and Regional Analysis, 2022-2029

Global Ferric Chloride Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Ferric chloride iron (3+) chloride (FeCl3) is an orange to brown-black solid that is highly adapted to remove impurities in water and for wastewater treatment. It is non-combustible, sequesters odors, and is slightly soluble in water. The rising focus on wastewater treatment, surging demand for electronic devices, coupled with increasing government support are prominent factors that are fostering market demand across the globe.

According to Statista, the global market for water and wastewater treatment was worth around USD 281.75 billion in 2021, which is anticipated to increase and possibly reach USD 489.07 billion by 2029. Therefore, the development of the water and wastewater treatment industry is fueling the demand for ferric chloride, which, in turn, fosters market growth. Moreover, significant advancements in technology by industrial players, as well as a rise in awareness about the need for clean drinking water stipulate various market opportunities in the foreseen years. However, stringent regulations on the production and corrosive and acidic nature of ferric chloride are hindering market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Ferric Chloride Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific dominated the market in terms of revenue, owing to the growth of the water treatment industries, along with the high demand for electronic devices. Whereas, North America is expected to grow with the highest growth rate during the forecast period. Factors such as the increase in the application of the product in pharmaceuticals and the rising need for clean drinking water are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Kemira
Tessenderlo Group
Chemifloc LTD
Sidra Wassercheime GmbH
Sukha Chemical Industries
BorsodChem
PVS Chemicals
BASF SE
Seqens Group
Feralco AB

Recent Developments in the Market:
 In February 2022, Chimcomplex Borzesti announced the launch of its first issuance of international bonds and intends to invest a capital increase of USD 218.51 million, after being listed on the main market of the Bucharest Stock Exchange. Also, the company initiates a strategic plan of Chimcomplex to offer a total investment of USD 2.43 billion in the chemical industry.

Global Ferric Chloride Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Grade, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Grade:
Anhydrous
Ferric Chloride Hexahydrate Lumps
Ferric Chloride Liquid

By Application:
Wastewater Treatment
Potable Water Treatment
Metal Surface Treatment
Electronic Etchants
Reagents
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World

Companies Mentioned

Kemira
Tessenderlo Group
Chemifloc LTD
Sidra Wassercheime GmbH
Sukha Chemical Industries
BorsodChem
PVS Chemicals
BASF SE
Seqens Group
Feralco AB

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