Global Anhydrous Ferric Chloride Market Is Estimated To Witness Growth Due To Rising Demand From Waste-Water Treatment Plants

 

Overview:

Ferric chloride, also known as iron (III) chloride, is a chemical that is used in industrial and wastewater treatment. It is a strong, acidic and toxic metal that is highly corrosive to most materials and body tissues. However, it is widely used as a water treatment agent and in other industrial processes. Ferric chloride is widely used in the printing and textile industries as well as in various dyeing processes. It is also employed in the manufacturing of printed circuit boards. Ferric chloride is also widely used in the pharmaceutical industry. The product is used in the manufacture of specialty pigments, and is used in many other applications in the drug production process. Ferric chloride is also used as a coagulant and a flocculant in various wastewater treatment processes. It is used in industrial waste treatment and as a solid segregation agent. Ferric chloride is used as a precursor in the production of synthetic iron oxide.

Market Dynamics:  

Growing government initiatives is estimated to augment growth of the global Anhydrous Ferric Chloride Market during the forecast period. For instance, the ‘New Sanitation Legal Framework’ was launched in Brazil in July 2020. The federal government is wishing to grant 99% of the population access to clean water and 90% will have access to sewage collection and treatment. Moreover, corrosive nature of ferric chloride is anticipated to restrain growth of the global anhydrous ferric chloride market during the forecast period.

 

Impact of COVID-19:

The pandemic led to shutting down of many businesses around the world. The lockdown also impacted many businesses that were labor intensive as there was a shortage of labor in many regions. There was shortage of raw materials and disruptions of supply chains in many regions. Treatment of industrial wastewaters across many manufacturing industries faced many challenges and this affected the growth of the global anhydrous ferric chloride market in a negative manner. However, in the post-pandemic era, increased adoption of the compound in electronic is estimated to drive growth of the market.

Key Takeaways:

The global anhydrous ferric chloride market is estimated to witness robust growth, exhibiting CAGR of XX% during the forecast period, owing to increasing acquisitions by key players. For instance, in May 2022, PVS Chemicals acquired Buffalo-based Chemical Distributors, a small competitor. This acquisition will strengthen PVS’s geographic sales network.

Asia Pacific is anticipated to witness significant growth in the global anhydrous ferric chloride market during the forecast period, due to growing demand for wastewater treatment and rapid urbanization in the region.

Major players operating in the global anhydrous ferric chloride market are BASF, Kemira, BPS Products, Chemifloc, Sidra Wasserchemie, Feralco, Tessenderlo, Gulbrandsen, Asia Chemicals, Malay-Sino Chemicals, National Biochemicals, Feracid, BorsodChem, Chemical Company of Malaysia, Akzo Nobel Industrial Chemicals, Kem One, and PVS Chemicals.