Ferric Chloride Market to Hit $10.6 Billion by 2031 - Key Trends & Growth Insights | 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 Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Ferric chloride (FeCl3) is an inorganic compound commonly used as a coagulant in water treatment, an etchant in PCB manufacturing, and a catalyst in chemical reactions. It appears as a dark brown, highly corrosive solid or liquid that readily dissolves in water, forming acidic solutions. Ferric chloride is also utilized in wastewater treatment, metal surface treatment, and as a reagent in laboratories.

List of the Key Players in the Ferric Chloride Market:

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

Industry Development:

In February 2022, Chemieanlagenbau Chemnitz commissioned its first ferric chloride plant for Al Kout Industrial Projects in Shuaiba, Kuwait. The facility utilizes iron, hydrochloric acid, and chlorine gas, with an annual production capacity of 20,000 tons of ferric chloride (FeCl3).

In July 2021, Nouryon completed the spin-out of its base chemicals division into a new entity, Nobian, which produces and sells various chemicals, including ferric chloride.

Growth Forecast Projected:

The Global Ferric Chloride Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Ferric Chloride Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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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 for Ferric Chloride Market:

The regional analysis of the Ferric Chloride Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Ferric Chloride market?

➠ Who are the leading manufacturers in the global Ferric Chloride industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Ferric Chloride industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Ferric Chloride market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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