Ferric Chloride Market is Increasing Use and is Likely to Boost Growth Near Future :

Pune, India, June 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Ferric Chloride Market.

Overview

Ferric chloride is an industrial scale chemical, which exists in amorphous solid and liquid form. It is widely used as a coagulating agent in water treatment plants and as an etching agent in metal and electronics industries. Ferric chloride is widely used as a concentrated solution with 40% w/w minimum concentration.

According to MRFR analysis, the global ferric chloride market is estimated to register a healthy CAGR of 4.65% by the end of 2024.

Based on grade, the global ferric chloride market has been segmented into anhydrous, ferric chloride hexahydrate lumps, and ferric chloride liquid. Among these, the ferric chloride liquid segment held the largest market share and is estimated to exhibit a healthy CAGR during the assessment period owing to its increasing use in water treatment applications in municipal wastewater and potable treatment plants.

On the basis of application, the global ferric chloride market has been classified into wastewater treatment, metal surface treatment, potable water treatment, electronic etchants, printed circuit boards (PCBs), pigment manufacturing, catalyst, asphalt blowing, and others. The wastewater treatment segment is expected to account for the largest market share in 2018, owing to stringent regulations regarding water safety. The potable water treatment segment is projected to register the highest CAGR in the following years on account of growing adoption of the product to remove phosphorous from water.

By end-use industry, the global ferric chloride market has been categorized into pharmaceuticals, chemicals, electronics, metals and metallurgy, municipal wastewater treatment, municipal potable water treatment, and others. The municipal wastewater treatment segment dominated in 2018 owing to increasing adoption of ferric chloride in treating industrial effluents. The electronics segment is estimated to register the highest CAGR during the review period owing to the growing demand for the product in the etching of PCBs in electronic circuits.

Market Segmentation

The global ferric chloride market has been segmented on the basis of grade, application, end-use industry, and region.

Based on grade, the global ferric chloride market has been classified into anhydrous, ferric chloride hexahydrate lumps, and ferric chloride liquid.

By application, the global ferric chloride market has been divided into wastewater treatment, metal surface treatment, potable water treatment, electronic etchants, printed circuit boards (PCBs), pigment manufacturing, catalyst, asphalt blowing, and others.

On the basis of end-use industry, the global ferric chloride market has been categorized into pharmaceuticals, chemicals, electronics, metals and metallurgy, municipal wastewater treatment, municipal potable water treatment, and others.

The global ferric chloride market has been studied across five key regions, namely – Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Access Report Details @ https://www.marketresearchfuture.com/reports/ferric-chloride-market-8029

Competitive Analysis

MALAY-SINO CHEMICAL INDUSTRIES SDN. BHD (Malaysia),Chemifloc LTD (Ireland), PVS Chemicals (US), BASF SE (Germany), Seqens Group (France), Feralco AB (France), KEM ONE (France), Gulbrandsen (US), Kemira (Finland), Tessenderlo Group (Belgium), Sidra Wassercheime GmbH (Germany), Sukha Chemical Industries (India), BorsodChem (Hungary), and Saf Sulphur Company (Saudi Arabia) are some of the key players operating in the global ferric chloride market.

Regional Analysis

Geographically, the global ferric chloride market has been studied across the five regionsAsia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The Asia-Pacific market dominated in 2018 on account of increasing demand for the product in wastewater treatment, metal surface treatment, and electronics industries. China is expected to be the major contributor to the regional market growth owing to the increasing application of the product in electronic circuits and PCBs. Other countries contributing to the regional market growth are Japan, South Korea, India, and Malaysia. The European market accounted for the second-largest market share in 2018, owing to the growing adoption of the product in potable water treatment and catalyst applications. Germany is the leading country in the region followed by France, Belgium, Hungary, and Italy, owing to the high demand for ferric chloride in the pharmaceutical industry.