Global Ferric Hydroxide Market to Reach USD 1163.18 million by 2032, Aided by the Growing Applications in the Paints and Coatings Sector

The growing demand for technology-based functional coatings and colour solutions is driving the growth of the ferric hydroxide industry. The manufacturers are developing functional coatings and colour solutions in the form of specialty pigments and colourants for glass, metal, ceramic, and other substrates for a broad range of industries and applications. These products are further utilised in the building and construction, automotive, household furnishings, and appliance markets. The growing construction activities and rapid urbanisation across the emerging nations are expected to provide enhanced growth opportunities for the market expansion. Moreover, ferric hydroxide is also witnessing increased adoption in the cosmetic sector. The easy availability of cosmetic products on retail platforms like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) are further propelling the market growth.

The growth in the production capacity by the major players in the industry is further aiding the industry. In July 2018, Ferro Corporation (NYSE: FOE) announced that the company is going to expand its production facility in Girardota, Colombia, to fullfill the rising global demand for its Ultramarine Blue and Micronized Iron Oxide pigments. Such developments are expected to significantly contribute to the industry growth over the forecast period.

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Market Breakup by Product Form, Application, and Region:

• Based on product form, the market can be segmented into granular and powder, among others. 
• On the basis of application, the market is divided into paints and coatings, construction, plastic, water treatment, pharmaceuticals, and cosmetics, among others. 
• Region-wise, the global market for ferric hydroxide can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global ferric hydroxide industry is being driven by the growing product utilisation to remove high concentrations of arsenic from groundwater.  
• The rising environmental concern and favourable government initiatives towards the treatment of wastewater are further propelling the market growth. 
• The thriving paints and coatings sector and growing utilisation of ferric hydroxide in the cosmetic industry are significantly contributing to the industry growth. 
• The industry will find further impetus with the growing R&D activities and rapid technological advancements.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for ferric hydroxide for the periods (2018-2023) and (2024-2032). 
• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the product forms, applications, and major regions of ferric hydroxide.
• The report also gives the regional historical (2018-2023) and forecast (2024-2032) price trends of the product.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global ferric hydroxide market are Xiamen Hisunny Chemical Co., LTD, Ferro Corporation, and Cathay Industries, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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