Key Findings of the Global Ferric Chloride Market | Technavio

LONDON–(BUSINESS WIRE)–#Research–The latest market research report by Technavio
on the global
ferric chloride market predicts a CAGR of around 5%
during the period 2018-2022.

The report segments the global ferric chloride market by application
(wastewater treatment, PCBs, and others) and by geography (the Americas,
APAC, and EMEA). It provides a detailed illustration of the major
factors influencing the market, including drivers, opportunities,
trends, and industry-specific challenges.

Here are some key findings of the global ferric chloride market,
according to Technavio chemicals
and materials researchers:

• Increase in demand for wastewater reuse: a major market driver
• In 2017, the wastewater treatment segment dominated the market by
  occupying almost 82% share
• EMEA dominated the global ferric chloride market with over 41% share
  in 2017
• BASF, BorsodChem, DowDuPont, Kemira, PVS Chemicals, and Tessenderlo
  Group are the leading players in the market

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Increase in demand for wastewater reuse: a major market driver

Increase in demand for wastewater reuse is one of the major factors
driving the global ferric
chloride market. Industries discharge water that contains
contaminated inorganic compounds that are toxic and can impact the
marine eco-system if it is released into water-bodies in an untreated
form. Mandatory guidelines from various regulatory bodies including the
Environmental Protection Agency (EPA) make the treatment and reuse of
industrial water compulsory. This has led to an increase in demand for
ferric chloride.

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EMEA: largest ferric chloride market

Technavio researchers anticipate high growth for the global ferric
chloride market in EMEA due to its use as a coagulant for waste
or sewage water treatment, and for the production of potable water.

According to a senior analyst at Technavio for research on specialty
chemicals, “Ferric chloride also finds use as an etchant
in PCBs and in the production of specialty pigments. Chemical
processing, oil and gas, power, petrochemical, dairy industries
discharge high volumes of water. Hence, ferric chloride has wide
applications in the region as a water treatment agent.”

Competitive vendor landscape

The ferric chloride market appears to be fragmented due to the presence
of several players. The major vendors in the market such as BASF,
BorsodChem, DowDuPont, Kemira, PVS Chemicals, and Tessenderlo Group
compete against each other based on factors such as price, quality,
regulatory compliance, and innovation. To sustain in the highly
competitive ferric chloride industry, players must focus on innovation
and R&D to develop more efficient processes.

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ferric chloride market report free of cost

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