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[PDF] Ferric Hydroxide Market: Up-to-Date Analysis of Latest Trends and Growth, Forecast 2027
Ferric Hydroxide Market is growing at a rapid pace with expanding applications in the wastewater treatment industry as well as the pharmaceutical industryFerric Hydroxide (FEH) is a compound obtained from iron ore and used in the steel industry for its component ferric thioglycolate. Iron (III) oxide-hydroxide or simply ferric hydroxide is the compound of iron, oxygen, and hydrogen with the formula FeO. The main function of this chemical is the oxidation of plain water using oxygen. Unlike ferrous oxide, it does not have the tendency to increase in volume when it comes in contact with air. Ferric hydroxide is widely used in the wastewater treatment industry.
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Since the consumption of potable water has increased over the years, the demand for ferric hydroxide has increased subsequently. As per the World Health Organization (WHO), in 2017, around 5.3 billion people, or 71% of the global population used a safely managed drinking water service. This has resulted in high demand for water treatment plants and related products. Hence, such factors can potentially stimulate growth of the ferric hydroxide market.
Major players operating in the global ferric hydroxide market are ZeniMac Exim, Reade, DuPont, and American Elements.
The concentration of ferric hydroxide in the wastewater can be measured using a flow meter. The level of concentration will depend on a number of factors including the temperature of the environment, the porosity of the ground, and its gravity. These factors can also affect the behavior of the chemical during various temperatures and times. This article discusses the analytical method of the concentration of ferric hydroxide in wastewater. When it comes to regional impact, North America seems to be gaining robust traction in the ferric hydroxide market. This is typically due to increasing demand for ferric hydroxide from water treatment industries in the region. On the contrary, Asia Pacific is exhibiting promising signs due to increasing use of ferric hydroxide in water treatment applications.
However, there are certain factors that could still limit growth of the market. For instance, ferric hydroxide needs to be used alongside expensive filters, which increases the overall cost of the process. Hence, these aspects could potentially impede growth of the ferric hydroxide market in the near future
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Another key application of ferric hydroxide is in the pharmaceutical industry. Ferric hydroxide is extensively used in the production of intramuscular medicine for patients suffering from iron deficiency. Since there is high demand for intramuscular medicine around the world, the demand for ferric hydroxide is likely to surge in the near future. Therefore, such factors could augment growth of the ferric hydroxide market.
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