Global Ferric Chloride Market 2018-2022 – Increase in Demand for Wastewater Reuse is Driving the Market – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The "Global
Ferric Chloride Market 2018-2022" report has been added to ResearchAndMarkets.com's
offering.
Global ferric chloride market to grow at a CAGR of 4.96% during the
period 2018-2022.
One trend in the market is spot basis pricing preference for ferric
chloride. Consumers prefer spot basis pricing as their requirement for
ferric chloride fluctuates, and the prices include taxes, production
cost, and freight charges. If ferric chloride is bought on a contractual
basis, then this change in price does not imply. Contracts are made
annually, and the contract prices do not change with changes in the
prices of raw materials. Buyers and traders prefer spot basis pricing
system as the margins for revenues are high, and the prices are
proportional to the changes in the market price. In the case of a
contract system, the consumers have the liberty to negotiate the prices
that are listed as the suppliers offering the least price is offered the
contract. In the case of spot basis pricing, the price is fixed, and the
consumers cannot negotiate on the price.
One driver in the market is increase in demand for wastewater reuse.
Industries discharge wastewater that contains contaminated inorganic
compounds that can have toxic effects on the marine life and cause
serious water pollution if released untreated into rivers, ponds, or
lakes. Mandatory guidelines by various regulatory bodies including the
Environmental Protection Agency (EPA) make the treatment and reuse of
industrial wastewater compulsory. The use of ferric chloride for the
treatment of wastewater is the key reason for its high demand. This is
critical in countries where there are scarce resources for drinking
water but abundant seawater such as in the Middle East.
Key Vendors
- BASF
- BorsodChem
- DowDuPont
- Kemira
- PVS Chemicals
- Tessenderlo Group
For more information about this report visit https://www.researchandmarkets.com/research/2h4n5z/global_ferric?w=4
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Related
Topics: Water
Treatment Chemicals