Global Ferric Chloride Market 2015-2019
- Published: Oct 2015
- Pages: 70
- SKU: IRTNTR7292
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Market outlook of the ferric chloride market
Ferric chloride is used as a coagulant in the application of waste water and sewage water treatment and printed circuit boards (PCB) manufacturing. Industrially ferric chloride is much more important than ferrous chloride. The high demand from wastewater treatment plants, particularly in western Europe, is driving the growth of this market. Technavio’s market research analyst estimates the global ferric chloride market to witness a steady growth at a rate of around 4% during the forecast period.
The stringent regulations imposed on companies during the manufacturing and shipment of ferric chloride products is expected to deter the market growth during the forecast period. For instance, liquid ferric chloride reacts with most metals, and should be dispensed into plastic or glass containers. Non-compliance with the regulations can lead to substantial penalties and cancellation of the license.
Segmentation by service type and analysis of the global ferric chloride market
- Water & waste water treatment
- Others ( pigment manufacturing, asphalt blowing)
The water and waste treatment segment constitutes around 93% of the market share in the global ferric chloride market. Primary treatment of raw water is carried out to remove organic and inorganic solids, suspended particles, impurities like dirt, and metal oxides and colloidal substances.
Geographical segmentation and analysis of the global ferric chloride market
Europe is the largest contributor to the global demand for ferric chloride accounting for 43% of the global share. The existence of a vast number of wastewater treatment plants in the region is boosting the growth of the market. The biggest demand drivers in the industrial treatment of water are the metal fabrication, paper & pulp, and the automobile industry.
Competitive landscape and key vendors
Kemira is the market leader in the ferric chloride market. It accounts for nearly 40% of the market share in Europe. Tessenderlo, based out of Belgium is the second largest provider in Europe, aiding companies to improve their water treatment efficiency by providing ferric chloride for raw and waste water management.
The leading vendors in the market are –
- PVS Chemicals
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the ferric chloride market?
- What are the key market trends impacting the growth of the ferric chloride market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global ferric chloride market?
- Trending factors influencing the market shares of the Americas, APAC, Americas, Europe, and MEA?
- What are the key outcomes of the five forces analysis of the global ferric chloride market?
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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