Global Ferric Chloride Market Report and Forecast 2024-2032

Global Ferric Chloride Market Outlook

The global ferric chloride market is expected to grow in the forecast period of 2024-2032 at a CAGR of 4%.

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The Asia Pacific to be a Significant Market for Ferric Chloride

The Asia Pacific has been the significant market for ferric chloride in the recent years. China is leading the regional market, which can be attributed to the demand for the product in the etching of printed circuit board (PCB). India, Japan, and South Korea are the other significant markets for the ferric chloride in the Asia Pacific region. The usage of ferric chloride is expected to increase in water treatment owing to various water treatment regulations in European countries such as France, U.K., and Belgium. The demand for the product is increasing in Germany owing to its utilisation in pigment manufacturing, thus, making Europe one of the major consumers of the salt.

North America held a significant share of the ferric chloride industry in the past few years. This can be related to the surging demand for the product in sewage and industrial wastewater treatment. The Middle East and African region are also expected to witness a healthy growth in the market on account of water treatment of limited available water resources.

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Ferric Chloride: Market Segmentation

Ferric chloride or iron (III) chloride is a brownish anhydrous compound with a pungent smell. It is used as a flocculent, which are the chemical compounds that bind tiny particles together so they can be removed from the water. Ferric chloride is primarily used for water treatments.

The ferric chloride industry can be broadly categorised based on its applications into:

• Water and Wastewater Treatment
• Printed Circuit Board (PCB)
• Pigment Manufacturing
• Animal Nutrient Supplement
• Asphalt Blowing
• Others

The EMR report looks into the regional markets of ferric chloride like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rise in the Water Treatment Industry to Drive the Global Market for Ferric Chloride

The increasing awareness about the need for clean drinking water is expected to drive the ferric chloride industry in the forecast period. The consumption of ferric chloride in municipal water treatment is expected to increase owing to its ability to undergo quick hydrolysis. The raw materials required for the production of industrial ferric chloride are relatively cheaper. This makes ferric chloride more cost-efficient compared to other water treatment chemicals like ferrous sulphate and poly aluminium chloride. Thus, increasing the demand for the product. Ferric chloride is also used as an etchant of printed circuit boards. Increasing demand for electronics like laptops, smartphones, and tablets, is expected to boost the ferric chloride industry growth over the forecast period.

Key Industry Players in the Global Ferric Chloride Market

The report presents a detailed analysis of the following key players in the global ferric chloride market looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Kemira Oyj
• BASF SE
• Nouryon Chemicals Holding B.V.
• Seqens Group
• Chemifloc Limited
• Feralco AB
• Tessenderlo Group
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report