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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Ferric Hydroxide Market Size

The global ferric hydroxide market attained a value of USD 688.50 million in 2032. The market is further expected to grow at a CAGR of 6% in the forecast period of 2024-2032 to reach a value of approximately USD 1163.18 million by 2032.

Global Ferric Hydroxide Market Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million 688.50
Market Size 2032 USD Million 1,163.18
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 6.0%
CAGR 2024-2032 - Market by Region Asia Pacific 7.3%
CAGR 2024-2032 - Market by Country India 7.9%
CAGR 2024-2032 - Market by Country Mexico 6.0%
CAGR 2024-2032 - Market by Product Form Granular 6.7%
CAGR 2024-2032 - Market by Application Water Treatment 7.3%
Market Share by Country 2023 UK 3.8%

Ferric Hydroxide Market

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Ferric Hydroxide Market Growth

Growing Focus on Water Treatment to Drive the Demand for Ferric Hydroxide

The use of granular ferric hydroxides is an excellent technique to carry out a simple filtration process for arsenate. This technique does not involve the use of chemicals and the need for pH adjustment, and thus, serves as a chemical-free alternative for removing high concentrations of arsenic from groundwater. The growing focus to provide people with potable drinking water, free from unwanted substances, is aiding the growth of the ferric hydroxide market. Currently, several plants utilise this technique for arsenic removal from drinking water in countries like Germany, the USA, and Japan, among others. Over the forecast period, the growing demand to treat wastewater is expected to further drive the demand for ferric hydroxide.

2023 Market Share by Country
UK 3.8%
USA XX%
Canada XX%
Germany XX%

Ferric Hydroxide Market Trends

Increasing Environmental Concern to Aid the Ferric Hydroxide Industry Growth

The growing scarcity of water and the fast depletion of natural resources are leading to an increased demand for wastewater treatment services. The rising consciousness regarding the environment and the need to adopt sustainable policies is a significant trend in ferric hydroxide market. The implementation of stringent wastewater treatment policies to curb water pollution by the governments across the nations are promoting the sustainable water treatment practices in industries like chemical, pharmaceutical, oil and gas, and others. This will boost the growth of the global market for ferric hydroxide in the forecast period.

The other factors contributing to the industry growth include the thriving paints and coatings sector, rapid urbanisation, and increasing construction activities, growing pharmaceuticals industry, escalating disposable incomes, and growing utilisation of application-specific yellow iron oxide as colour additive for cosmetic applications.

Recent Developments

As per the ferric hydroxide market dynamics and trends, a study published in the chemical communications journal stated that ferric hydroxide-supported gold has proven to be a very effective catalyst in the selective CO oxidation process in the presence of hydrogen.

Industry Outlook

Rising Construction Activities and Pharmaceutical Production Aid the Demand for Ferric Hydroxide.

From 2020 to 2030, the infrastructure construction sector anticipates significant growth across several countries. India leads with a projected compound annual growth rate (CAGR) of 9.8%, driven by massive investments in urban development, smart cities, and transportation infrastructure. As per the ferric hydroxide industry analysis, this rapid growth necessitates materials that enhance construction efficiency and environmental safety, potentially boosting demand for ferric hydroxide, especially in water purification and anti-corrosive applications. Indonesia follows closely with an 8.2% CAGR, reflecting government initiatives to improve infrastructure, including roads, ports, and urban utilities. China is projected to grow at a 3.8% CAGR. While slower compared to its previous growth rates, this still represents substantial expansion given China's massive infrastructure base. The United States and the United Kingdom are set to grow at 3.3% and 3.7%, respectively, reflecting steady investments in infrastructure maintenance and modernization.  Germany, with a 1.4% CAGR, focuses on modernizing its infrastructure with an emphasis on sustainability. This includes increased use of ferric hydroxide in eco-friendly water treatment solutions, which can boost the growth of the ferric hydroxide industry. Overall, the global rise in infrastructure construction necessitates advanced materials like ferric hydroxide to in the production for construction materials, such as paints and coatings and roofing tiles, and paving stones.

In 2022, the United States led the global pharmaceutical manufacturing industry with a production worth $516.7 billion. This dominance underscores the country's advanced research capabilities, strong regulatory framework, and significant investment in pharmaceutical innovations. China ranked second with $171.3 billion, reflecting its growing prowess in generic drug manufacturing and active pharmaceutical ingredients (APIs). Germany, with a production worth $103.4 billion, is a key player in the European pharmaceutical landscape, and can contribute to the ferric hydroxide industry revenue. The country’s focus on high-quality drug manufacturing and innovation supports the use of ferric hydroxide in various pharmaceutical applications, including as a catalyst and adsorbent in manufacturing processes.

Japan produced $80.9 billion worth of medicines, emphasizing its strong market for biopharmaceuticals and innovative therapies. Ireland, Switzerland, and France, with productions of $62.7 billion, $55.8 billion, and $46.2 billion respectively, continue to be pivotal hubs for pharmaceutical exports in Europe. Italy and India, with productions around $44.3 billion and $43.6 billion, respectively, are notable for their generic drug markets. The rising pharmaceutical production globally creates a high demand for chemical inputs, including ferric hydroxide, which is utilized in drug formulation and purification processes, aiding the demand of ferric hydroxide market.

A Growing Construction Sector, Sustainable Benefits of Ferric Hydroxide, and Growing Chemical Production Support the Growth of the Global Ferric Hydroxide Market.

  • Known for its excellent adsorption properties, ferric hydroxide is effective in removing impurities like arsenic and phosphates from water, making it a preferred choice in water treatment.
  • As an environmentally friendly compound, ferric hydroxide is favored in applications requiring non-toxic and sustainable solutions.
  • Ferric hydroxide-based products find use in the construction sector to manufacture concrete products such as roofing tiles, paving stones, and ready-mixed concrete, aiding the ferric hydroxide demand growth.
  • Ferric hydroxide is a precursor to iron oxide pigments, which are widely used in paints. These pigments are valued for their natural, earthy tones and are used in decorative paints to industrial coatings.

Intense Competition, Regulatory Challenges, and Price Volatility Can Challenge Market Growth.

  • Competition from alternative materials and technologies in water treatment and other applications can impact demand for ferric hydroxide.
  • Compliance with stringent regulations regarding production, storage, and usage can increase operational costs and pose barriers to market entry.
  • Fluctuations in raw material prices can affect production costs and pricing strategies, impacting profitability and ferric hydroxide demand forecast.
  • Ferric hydroxide can be difficult to handle and store due to its sensitivity to moisture and air, which can affect its stability and effectiveness.

Expanding End Use Markets, Sustainable Production Practices, and Innovation in Applications Provide Opportunity to the Market.

  • Increasing concerns over water quality and pollution drive demand for effective water treatment solutions, boosting ferric hydroxide consumption.
  • Expanding pharmaceutical applications, including as a phosphate binder in kidney disease treatment, present ferric hydroxide market opportunities.
  • Development of new applications and improved formulations can expand the use of ferric hydroxide in emerging markets and industries.
  • Companies that reduce their environmental footprint through energy-efficient production and waste reduction are more appealing to environmentally conscious customers.

Competitive Factors in the Global Ferric Hydroxide Market.

  • Companies that offer high-purity ferric hydroxide products can cater to more specialized applications, such as pharmaceuticals and high-grade water treatment.
  • Maintaining consistent product quality through stringent quality control measures builds trust with customers and enhances brand reputation.
  • Implementing advanced manufacturing processes can improve product efficiency and reduce production costs, making companies more competitive.
  • Investing in R&D to develop new applications and improve existing products can differentiate companies and contribute to ferric hydroxide market value. 
  • Offering cost-effective solutions without compromising on quality can attract price-sensitive consumers. 
  • An efficient supply chain ensures timely delivery and availability of products, enhancing customer satisfaction and loyalty.
  • Implementing sustainable manufacturing practices can attract eco-conscious consumers and enhance brand image.

Key Price Indicators of the Global Ferric Hydroxide Market Share.

  • The cost of raw materials, such as iron salts, directly affects the production cost and pricing of ferric hydroxide.
  • Efficient manufacturing processes and economies of scale can reduce production costs, allowing companies to offer competitive pricing.
  • Intense competition among manufacturers can lead to aggressive pricing strategies and discounts to capture market share and increase ferric hydroxide market revenue. 
  • Economic factors, such as inflation and currency fluctuations, can affect production costs and pricing.

Ferric Hydroxide Market by Application

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Ferric Hydroxide Industry Segmentations

Ferric hydroxide is prepared by the reaction of iron (III) salt, like ferric nitrate or ferric chloride, with sodium hydroxide. It appears as dark orange, opaque crystals with no odour. Owing to its properties, ferric hydroxide can also be used in water treatment.

Based on product form, the market is divided into:

  • Granular
  • Powder
  • Others
CAGR 2024-2032 - Market by Product Form
Granular 6.7%
Powder XX%
Others XX%

Based on application, the ferric hydroxide industry can be segmented into:

  • Paints and Coatings
  • Construction
  • Plastic
  • Water Treatment
  • Pharmaceuticals
  • Cosmetics
  • Others
CAGR 2024-2032 - Market by Application
Water Treatment 7.3%
Paints and Coatings 6.8%
Plastic 5.7%
Construction XX%
Cosmetics XX%
Others XX%

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

CAGR 2024-2032 - Market by Region
Asia Pacific 7.3%
North America 5.7%
Europe XX%
Latin America XX%
Middle East and Africa XX%

Competitive Landscape

The report gives a detailed analysis of the following key players in the global ferric hydroxide market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Xiamen Hisunny Chemical Co., LTD
  • Ferro Corporation
  • Cathay Industries
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Ferric Hydroxide Market by Region

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Ferric Hydroxide Market Regional Analysis

The Asia Pacific to Provide Ample Growth Opportunities, Backed by the Thriving Construction Sector

Region-wise, the product is expected to witness enhanced demand from the Asia Pacific region owing to the growing construction activities in emerging nations like India and China. The favourable government policies and growing investments are boosting the infrastructure development projects, thus, creating growth opportunities for the industry to flourish in the coming years. Moreover, the surge in pharmaceutical services with the outbreak of the pandemic will also aid ferric hydroxide demand.

CAGR 2024-2032 - Market by Country
India 7.9%
Mexico 6.0%
USA 5.6%
UK 5.2%
Australia 5.0%
Canada XX%
Germany XX%
France XX%
Italy XX%
China XX%
Japan 4.4%
Saudi Arabia XX%
Brazil XX%

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Form
  • Application
  • Region
Breakup by Product Form
  • Granular
  • Powder
  • Others
Breakup by Application
  • Paints and Coatings
  • Construction
  • Plastic
  • Water Treatment
  • Pharmaceuticals
  • Cosmetics
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Xiamen Hisunny Chemical Co., LTD
  • Ferro Corporation
  • Cathay Industries
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

Ferric Hydroxide Market Report Snapshots

Ferric Hydroxide Market Size

Ferric Hydroxide Market Growth

Ferric Hydroxide Market Trends

Ferric Hydroxide Companies

Ferric Hydroxide Market Regional Analysis

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global ferric hydroxide market is projected to grow at a CAGR of 6% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1163.18 million by 2032.    

The major drivers  of the market include the increasing use of granular ferric hydroxide in simple filtration process for arsenate, the growing focus to provide potable drinking water to the masses, and the rising deployment of ferric hydroxide to remove arsenic from drinking water.

The growing attempts to treat wastewater, rapid industrialisation and urbanisation, the implementation of stringent wastewater treatment policies by governments, and the flourishing paints and coatings sector are the key trends aiding the market growth.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major product forms considered in the market report are granular and powder, among others.

The significant applications of ferric hydroxide include paints and coatings, construction, plastic, water treatment, pharmaceuticals, and cosmetics, among others.

The major players in the market are Xiamen Hisunny Chemical Co., LTD, Ferro Corporation, and Cathay Industries, among others.

The market attained a value of USD 688.50 million in 2023.

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63 Fiona Drive, Tamworth, NSW

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+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124