This market research report presents the segmentation of the global ferric chloride market by service type (waste water treatment and PCB) and by geography (Americas, APAC, Europe, and MEA). The key vendors analyzed in this market analysis report are Tessenderlo, BorsodChem, Chemifloc, PVS Chemicals, and Kemira.
Technavio’s market research analysts estimate the global ferric chloride market to grow at a CAGR of more than 4% between 2015 and 2019. Europe is the largest contributor to the global demand for ferric chloride accounting for 43% of the global share. The existence of a vast number of wastewater treatment plants in the region is boosting the growth of the market. The biggest demand drivers in the industrial treatment of water are the metal fabrication, paper & pulp, and the automobile industry.
The new market research report from Technavio provides a breakdown and analysis of the ferric chloride segments by technology.
“Industries that use wastewater treatment plants like petrochemicals and refining are increasingly rapidly, which has surged the demand for water treatment chemicals. On the other hand, municipalities are also using ferric chloride to ensure good-quality potable water and to treat wastewater before industrial, agricultural and irrigational use. Ferric chloride’s rapid hydrolysis quality has made it the most suitable flocculating and precipitating agent for water treatment,” says Sriram Mohan, Lead Analyst, Chemicals & materials, Technavio Research.
Around 95% of the ferric chloride demand comes from the government sector companies for water and municipal wastewater treatment. It is one of the few water treatment chemicals that can sequester odors. It finds prominent application in phosphate removal, suspended solids removal, sludge dewatering, struvite control, oily sludge dewatering, soluble oils extraction, heavy metal removal, and odor control.
The market has become intensely competitive with the entry of new manufacturers to the market. In APAC, new players are entering the market with 40% ferric chloride solutions catering across end-user segments, which has created pricing pressures for global players.
The leading vendors in the global ferric chloride market include Tessenderlo, BorsodChem, Chemifloc, PVS Chemicals, and Kemira.
A more detailed analysis is available in the Technavio report, Global Ferric Chloride Market 2015-2019.
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