Ferric Hydroxide Market is Projected to reach the US$ 1 Bn mark by 2031-end | According to PMR

Ferric Hydroxide Market

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.

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The report on Ferric Hydroxide Market provided based on the recent developments and data that has been collated from the previous year's looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2022 to 2030. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.

Market Dynamics

Factors affecting Ferric Hydroxide Market have been studied in a detailed fashion to give a better understanding regarding the current status and the prospects. The various economic and demographic factors that influence the market have been presented in the study. The impact of important markers such as pricing, demand and supply, and population levels have been studied in this report. The forecast regarding Ferric Hydroxide Market extending up to the year 2030 has been provided based on the conclusions from the aforementioned factors.

Key Players- 

• 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
• Kings International
• SIOF s.p.a.
• Jinhe Enterprise Co.,Limited
• Jiangsu Yuxing Industry and Trade Co.,Ltd and more

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Key Segments of Ferric Hydroxide Market

Ferric Hydroxide Market By Product Form
• Solid
• Slurry

Ferric Hydroxide Market By Application
• Paints & Coatings
• Construction
• Plastic
• Water Treatment
• Pharmaceuticals
• Cosmetics
• Others

Ferric Hydroxide Market By Region
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Middle East & Africa (MEA)
• Oceania

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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.

Request you to Read More-

CIS Paints and Coatings market - https://www.globenewswire.com/en/news-release/2022/04/01/2414926/0/en/CIS-Paints-and-Coatings-Market-is-projected-to-expand-at-4-1-CAGR-over-the-decade.html

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