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Fluorosilicic Acid Market to surpass $727.4 million by 2031, growing at 6.5% CAGR from 2022 to 2031

02-23-2024 11:57 AM CET | Chemicals & Materials

Press release from: Allied Market Research

Fluorosilicic Acid Market

Fluorosilicic Acid Market

As per the new research report by Allied Market Research, Global Fluorosilicic market is expected to cross $727.4 million by 2031, and to grow at a CAGR of 6.5% from 2022 to 2031. Fluorosilicic Acid industry growth is driven by increase in production volumes to meet demand for metal surface treatment, significant surge in demand from the textile sector, modernization of manufacturing facilities, rapid urbanization, and extensive applications in various industrial and municipal processes. Closed manufacturing facilities of chemical industries, reduction in workforce, and disruption in supply and demand during the pandemic had a negative impact on the growth of the global fluorosilicic market.

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Based on grade, the 40% segment held the largest market share in 2021, holding nearly half of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 7.0% during the forecast period. The report also analyses other segments of the market such as 25%, 35%, and other segments.

Based on application, the water fluoridation segment held the dominating market share in 2021, holding nearly half of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 7.2% during the forecast period. The report also analyses other segments of the market such as textile processing, metal surface treatment, hide processing, oil well acidizing, and others.

The report offers detailed segmentation on the global fluorosilicic market based on grade, application, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.

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Based on region, the market across Asia-Pacific region held the dominating market share in 2021, holding nearly one-third of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same region is expected to cite the fastest CAGR of 7.4% during the forecast period. The report also analyses other regions such as Europe, North America, and LAMEA.

The key players analyzed in the global fluorosilicic market report include American Elements, Foshan Nanhai Shuangfu Chemical Co., Ltd, Gelest Inc., Hawkins, Inc., Honeywell International Inc., Hydrite Chemical, IXOM, KC Industries, LLC, Merck KGaA, Napco Chemical Company, Solvay SA, Thermo Fisher Scientific Inc., Univar Solutions Inc., VWR International, LLC., Xingxiang Yellow River Fine Chemical Industry Co., Ltd.

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The report analyzes these key players in the global fluorosilicic market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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