Ferric Chloride Market in MENA 2017-2021

Overview of the ferric chloride market in MENA

Research analysis on the ferric chloride market in MENA identifies that the growth in industrial sector will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that in terms of volume, this market will grow at a CAGR of 4% by 2021. The industries using wastewater treatment plants like petrochemicals and refineries are projected to grow during the forecast period leading to a rise in the demand for water treatment chemicals such as ferric chloride. Municipalities are increasingly using ferric chloride to ensure the quality of potable water and treat wastewater before releasing it into the environment or use for applications rather than consumption and human use. The rising water demand due to the high economic growth, better standard of living, and high population growth rate will boost the demand of ferric chloride.

The rising regulations boosting the domestic chloride market is one of the key trends that will gain traction in the ferric chloride market in MENA. The rapid urbanization and growing awareness have compelled the governments and other public organizations to ensure maximum accessibility to water for its population and keep them pollution free. Local policies are being set up by the governments of the KSA and other GCC countries to encourage the domestic manufacturers. This will create huge growth opportunities for the local manufacturers and drive the manufacture of ferric chloride in the forthcoming years.

Competitive landscape and key vendors  

The MENA ferric chloride market for water treatment chemicals is highly competitive. The companies in this market manufacture chemicals for treating water in the water treatment plants and includes service providers that provide value added services as well. The vendors in this market have a wide product range and are very specific to MENA. Multinational companies are concentrating on developing regions, such as the KSA, the UAE, and North Africa, to expand their businesses.

The leading vendors in the market are ?

• BCI
• ChimiArt
• Saf Sulphur Company
• Trizac Abu Dhabi

The other prominent vendors in the market are BASF, Chemipol, Chemical Company of Malaysia, Kemira, Khushi Chemical, Sukha Chemical Industries, and Tessenderlo Group.

Segmentation by application and analysis of the ferric chloride market in MENA

• Water and wastewater treatment
• PCB

During 2016, the water and waste water treatment segment accounted for the major shares of the ferric chloride market in MENA. Factors such as the increasing need to improve the quality of water obtained from municipalities and measures to make sure the fresh water sources are meeting the required standards will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the ferric chloride market in MENA

• KSA
• Oman
• UAE
• Egypt
• RoGCC
• RoMENA

This market study estimates that in terms of geographic regions, KSA will be the major revenue contributor to the ferric chloride market in MENA throughout the forecast period. The increasing measures to ensure the sustainability by consumption of ground water, increasing water re-use, and proper wastewater management and localization policies by the government will drive the market growth in KSA.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the ferric chloride market in MENA?
• What are the key market trends impacting the growth of the ferric chloride market in MENA?
• What are the challenges to market growth?
• Who are the key vendors in the ferric chloride market in MENA?
• What are the market opportunities and threats faced by the vendors in the ferric chloride market in MENA?
• Trending factors influencing the market shares of the KSA, Oman, UAE, Egypt, RoGCC, and RoMENA.
• What are the key outcomes of the five forces analysis of the ferric chloride market in MENA?

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the ferric chloride market in MENA offers insights into the significant market drivers and trends influencing the growth of the chemicals and materials industry. Our industry research reports for the chemicals and materials industry also follow a detailed data collection method and presents an analysis of fast growing market segments like specialty chemicals. 

Moreover, to make precise predictions, our industry experts implement a unique research approach of primary and secondary data collection methods and assess the changing demand-supply landscape of the sector. The key advantage gained from the adoption of this approach is better statistical models and vendor analysis. By taking into account the surging demand for multiple segments of the specialty chemicals sector, the industry analysts at Technavio present an all-inclusive picture of the ferric chloride market in MENA from 2017 to 2021.

This forthcoming market research report on the ferric chloride market also covers vendors like Basic Chemical Industries (BCI), Saf Sulphur Company, Chimi Art Group, and TRIZAC Abu Dhabi. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the ferric chloride market also covers geographies like the Americas, APAC, Europe, and ROW.

The upcoming industry research report for ferric chloride market also categorizes the prominent drivers, changing trends, as well as the imminent restraints that the specialty chemicals sector currently experiences. This upcoming report on the ferric chloride market presents insights into the rapidly changing competitive landscape to give clients an overview of the forthcoming events within the chemicals and materials industry. Technavio also provides in-depth assessments into the sectors such as paints, coatings, and pigments and olefins.

Our market research methodology for the ferric chloride market

Technavio also offers clients the possibility to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.