Enjoy complimentary customisation on priority with our Enterprise License!
The fluorosilicic acid market size is estimated to grow by USD 179.52 million at a CAGR of 7.66% between 2022 and 2027. The growth of the market depends on several factors such as rising demand for water fluoridation, increasing adoption of etched glass products, and growing demand for fluorosilicic acid in hide processing applications.
To learn more about this report, View Report Sample
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising demand for water fluoridation is the key factor driving the growth of the market. Having a controlled level of fluoride in drinking water helps prevent tooth decay and cavities. As a result, some regulatory bodies and dental associations, such as the American Dental Association, the American Academy of Pediatrics, and the World Health Organization, recommend fluoride supplements in water to prevent tooth cavities.
Moreover, water fluoridation is preferred in areas where natural fluoride levels in freshwater and groundwater is low. Fluorosilicic acid is commonly used in water fluoridation to supplement water with fluoride. With the increasing demand for water fluoridation, the demand will also increase. Thus, these factors are expected to drive the growth of the market during the forecast period.
The expansion of fluorosilicic acid manufacturing and storage facilities is one of the positive trends in the market. The expansion helps players increase their market share. The rising industry has encouraged major market players to choose to expand their production and storage facilities across the globe. For example, in June 2022, Itafos announced that it had begun production and sales of hydro-fluorosilicic acid after completing the construction of a plant in Conda.
Moreover, these developments are expected to strengthen the market presence of the suppliers by enabling them to offer a diverse product portfolio in the market. Thus, the factors mentioned above are likely to fuel the growth of the market trends during the forecast period.
Health hazards due to exposure to fluorosilicic acid affect the growth of the market. Exposure to fluorosilicic can lead to many health risks. For example, inhaling fluorosilicic acid can cause respiratory damage, including severe irritation and lung edema. Other health problems from exposure to fluorosilicic acid include irritation of the nose and eyes, sore throat, cough, and chest tightness.
In addition, fluorosilicic acid must be stored properly to prevent leakage from storage devices. Therefore, additional safety measures that need to be taken during the production of fluorosilicic acid may increase the price of the acid, which in turn is expected to hinder the growth of the market during the period. forecast.
The market growth analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth and forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
J.R. Simplot Co.: The company offers fluorosilicic acid used in oxygen-sensitive applications such as metal production.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Water fluoridation is estimated to witness significant growth during the forecast period. The reasonable cost and high purity make it a popular additive for water fluoridation. In addition, fluorosilicic acid is increasingly used for water fluoridation. For example, according to the American Water Works Association Standards Committee on Fluorides, the sources of fluoride products such as fluorosilicic acid used for water fluoridation in the US such as approximately 90 percent are produced during the process of extracting phosphate from phosphoric ore, approximately 5 percent comes from the production of hydrogen fluoride or sodium fluoride, and approximately 5 percentage comes from the purification of high-quality quartz.
Get a glance at the market contribution of various segments View the PDF Sample
Water fluoridation was the largest segment and was valued at USD 179.47 million in 2017. In addition, there is rising investment in water treatment plants across the globe. The governments of various countries, such as the US, the UK, and China, among others, are investing in water treatment plants. For example, the US government announced an investment of more than USD 57 million in March 2023 to upgrade drinking water infrastructure in the New England states. Thus, such developments are expected to propel the growth of the water fluoridation segment of the market during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 59% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Due to the factors such as the rising adoption in various applications such as water fluoridation, chemical manufacturing, metal surface treatment, hide processing, and others, the market is expected to grow significantly in this region.
Furthermore, chemical manufacturers are using fluorosilicic acid to meet metal surface treatment needs. Thus, the investment in the chemical manufacturing industry is increasing. for example, according to the Indian Ministry of Chemicals and Fertilizers, a massive investment of USD 107.38 billion is expected in the chemical manufacturing sector by 2025. Hence, the growing investment in the chemical production industry is expected to fuel market growth in the region over the forecast period.
The Fluorosilicic Acid Market caters to various industries, offering a versatile solution for water treatment, particularly in addressing concerns related to groundwater and surface water pollution. As an organic, colorless fuming liquid derived from raw materials like limestone and milk of lime, it is available in both chemically pure-grade and technical-grade forms, suitable for applications ranging from hardening cement and ceramics to wood preservation and oil well acidizing. Additionally, it serves as a neutralizing agent and rust and stain remover, emphasizing its environmental friendliness and cost-effectiveness.
With stringent government regulations driving its adoption, particularly in water fluoridation for public drinking water, fluorosilicic acid plays a vital role in ensuring a safe water supply and addressing health concerns such as dental caries and fluorosis. As industry growth and health awareness rises, especially among the geriatric population, the market for fluorosilicic acid continues to expand, driven by its high-quality, cleaner, and pH-adjusting properties in oral care products like mouthwash and dental floss.
The market forecasting report covers market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Fluorosilicic Acid Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.66% |
Market growth 2023-2027 |
USD 179.52 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.23 |
Regional analysis |
APAC, Europe, Middle East and Africa, North America, and South America |
Performing market contribution |
APAC at 59% |
Key countries |
US, China, India, South Korea, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
J.R. Simplot Co., American Elements, Avantor Inc., Buss ChemTech AG, Dongyue Group Ltd., Foshan Nanhai Shuangfu Chemical Co. Ltd., Fujian Kings Fluoride Industry Co. Ltd., Henan Yellow River New Material Technology Co. Ltd., Honeywell International Inc., Hydrite Chemical Co., Jiangxi Chinafluorine Chemical Co. Ltd., KC Industries LLC, Lanxess AG, Merck KGaA, Minersa Group, Mitsubishi Chemical Group Corp., RXChemicals, Solvay SA, Thermo Fisher Scientific Inc., and Zhejiang Sanmei Chemical Ind. Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.