Ferric Chloride Industry is Expected to Reach $ 10.6 Billion by 2031 - Kemira Oyj, BASF SE, PVS Chemicals, Inc., Chemifloc Limited

Global Ferric Chloride Market reached US$ 7.1 billion in 2023 and is expected to reach US$ 10.6 billion by 2031, growing with a CAGR of 5.1% during the forecast period 2024-2031.

Ferric chloride is widely used in chemical processes like chlorination and as a catalyst in the chemical industry. Its role as a coagulant in water treatment is crucial due to the rising demand for clean water driven by population growth and industrialization. Stronger regulations and the need for effective water treatment have boosted market demand. In 2021, Kemira expanded ferric-based water treatment production in the UK by over 1 million tons annually. By 2023, North America is projected to account for over 20% of the global ferric chloride market, driven by advancements in wastewater management and healthcare water solutions.

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Market Trends:

The demand for sustainable water treatment solutions is rising, with ferric chloride favored over aluminum-based coagulants due to its lower sludge production and reduced environmental impact. This shift toward eco-friendly practices is boosting ferric chloride use in water treatment. In China, the government's Water Pollution Prevention and Control action plan, introduced after the 13th Five Year Plan, has driven significant demand for wastewater treatment chemicals, including ferric chloride, as part of efforts to prevent industrial water pollution.

Segment Covered in the Ferric Chloride Market:
By Type: Anhydrous Ferric Chloride, Liquid Ferric Chloride, Ferric Chloride Hexahydrate
By Application: Water and Wastewater Treatment, Printed Circuit Board (PCB), Pigment Manufacturing, Animal Nutrient Supplements, Others
By End-User: Pharmaceuticals, Chemicals, Electronics, Metals & Metallurgy, Municipal Wastewater Treatment, Others

Regional Analysis:
The global Ferric chloride market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

The global Ferric chloride market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Ferric chloride market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Major Key Players
• Kemira Oyj
• BASF SE
• PVS Chemicals, Inc.
• Chemifloc Limited
• Gulbrandsen Chemicals
• Tessenderlo Group
• BorsodChem
• Bitterfelder Chemie GmbH
• Sidra Wasserchemie GmbH
• Zaclon LLC

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Sodium Chloride Market: https://www.datamintelligence.com/research-report/sodium-chloride-market

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