Press release
Ferric Hydroxide Market 2022 Trends, Share, Size, Growth, Opportunity and Forecast to 2029
Ferric Hydroxide Market 2022
The global ferric hydroxide market is anticipated to grow steadily at a CAGR of 5% from 2019 to 2029, surpassing the US$ 1 Bn mark. East Asia and North America will continue to account for about 50% of worldwide ferric hydroxide market revenue, according to a geographic analysis of the industry.
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Ferric hydroxide is an inorganic compound used in various industrial processes. Ferric hydroxide has a number of applications, chief among them being the removal of sulfur from natural gas and oil. Ferric hydroxide is also used as a flocculant to remove impurities from water. Ferric hydroxide is produced by the reaction of ferrous sulfate with aluminum sulfate. The resulting precipitate is then filtered and dried.
Predominant consumption by the construction and paints & coatings industries will drive revenues in the global ferric hydroxide market. As suggested by a recently published Persistence Market Research (PMR) study, ferric hydroxide would be representing a US$ 1 Bn global market towards the end of 2031. The growth of market has been projected at a promising 5% CAGR over 2022 - 2031. Yellow iron oxide will predominantly witness higher demand from the construction industry, as it is widely used in the manufacturing of concrete materials.
Company Profiles-
• Lanxess
• Huntsman Corporation
• Ferro Corporation
• BASF SE
• Xiamen Hisunny Chemical Co., LTD
• Yipin Pigments
• Cathay Industries
• SHENGHUA GROUP DEQING HUAYUAN PIGMENT CO.LTD
• Harold Scholz & Co. GmbH
• and more
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Notable Insights - Ferric Hydroxide Market Study
• Global manufacturers of ferric hydroxide/ferric hydroxide-based products are focusing on increasing their B2B distribution channels, owing to increasing demand from manufacturers of materials such as concrete products, pigments, coatings, etc.
• On the other hand, local/regional players are focusing on customer-centric approach by maximizing their services and product offerings. Moreover, market players are attracting customers by offering application-specific products. For example, many players in China are offering specific-grade, high-purity yellow iron oxide for manufacturing cosmetic products.
• About two-thirds of manufacturers in the global ferric hydroxide market are offering solid form of the product, as it can be used directly in various applications. Some players are offering slurry form of ferric hydroxide-based products with addition of specific additives to enhance chemical properties. Other players are focusing on providing ferric hydroxide granules to the water treatment industry.
• Cost-effectiveness of inorganic oxides has a positive impact on the ferric hydroxide market. As yellow iron oxide/iron (III) oxide hydroxide is an inorganic oxide, it is priced less, as compared to organic oxides.
Key players operating in the ferric hydroxide industry have a strong focus on manufacturing yellow iron oxides amongst all ferric hydroxide-based products. Stringent regulations have been implemented for manufacturing yellow iron oxide; hence, players are continuously focusing on using advanced technologies to minimize adverse environmental impact.
Complete Report Details@https://www.persistencemarketresearch.com/market-research/ferric-hydroxide-market.asp
Key Questions Answered in This Report.
• What are the Roadblocks for Ferric Hydroxide Suppliers?
• What are the Key Opportunities for Ferric Hydroxide Manufacturers?
• How is Focus on Safety Influencing Ferric Hydroxide Demand?
• What is the Regulatory Impact on Global Sales of Ferric Hydroxide?
• Which Region Offers the Largest Opportunity for Sales of Ferric Hydroxide?
• Where Does the U.S. Stand in the Market for Ferric Hydroxide?
• What Is the Outlook for Ferric Hydroxide Manufacturers in China?
• Why is Germany a Lucrative Market for Ferric Hydroxide Manufacturers?
• Why Will Belgium Outpace Other European Markets for Ferric Hydroxide?
• Why is There High Demand for Tires in Ferric Hydroxide?
• Why are Sales of Ferric Hydroxide Surging?
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