Market Size of Ferric Chloride Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Ferric Chloride Market Analysis
The ferric chloride market is expected to register a CAGR of more than 5% during the forecast period.
COVID-19 negatively impacted the market. Owing to lockdowns in various countries worldwide, supply chain constraints significantly obstructed the industry's expansion. However, the market recovered last year, and it is expected to grow at a significant rate in the coming years.
- Over the short term, high demand from wastewater treatment plants and increasing stringent norms for treating sewage water and industrial waste to curtail pollution are likely to drive the market's growth.
- On the flip side, stringent regulations imposed on companies during the manufacturing and shipment of ferric chloride products and the presence of substitute products are likely to hinder the market's growth.
- Nevertheless, an untapped market for its application as a catalyst is expected to act as an opportunity for the market.
- Asia Pacific is likely to dominate the market over the forecast period owing to increasing water and wastewater treatment plants in the countries such as China, India, and Japan.
Ferric Chloride Industry Segmentation
Ferric Chloride is an inorganic salt with an orange-to-brown-black appearance in the solid form and colourless to light brown in the solution form. The salt is highly corrosive to most metals and probably to human tissue. The Ferric Chloride market is segmented by application and geography. By application, the market is segmented into Water and Wastewater Treatment, Printed Circuit Board(PCB), Pigment Manufacturing, Animal Nutrient Supplements, Asphalt Blowing, and Other Applications. The report also covers the market size and forecasts for the ferric chloride market in 18 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (metric tons).
| Application | |
| Water and Wastewater Treatment | |
| Printed Circuit Board (PCB) | |
| Pigment Manufacturing | |
| Animal Nutrient Supplements | |
| Asphalt Blowing | |
| Other Applications |
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Ferric Chloride Market Size Summary
The ferric chloride market is poised for significant growth, driven by increasing demand from wastewater treatment facilities and stringent regulations aimed at reducing pollution. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted supply chains and hindered market expansion, the industry has shown resilience and is expected to continue its upward trajectory. The market faces challenges from stringent manufacturing and shipping regulations, as well as competition from substitute products. However, the potential for ferric chloride to be used as a catalyst presents a promising opportunity for further market expansion. The Asia Pacific region, particularly countries like China, India, and Japan, is anticipated to lead the market due to the rising number of water and wastewater treatment plants.
In addition to its role in environmental applications, ferric chloride is integral to the manufacturing of printed circuit boards (PCBs), which are essential for modern electronic devices. The global push towards technological advancement and the increasing adoption of PCBs in connected vehicles are expected to bolster demand for ferric chloride. Taiwan and China are key players in the PCB industry, with China also being a major consumer of ferric chloride due to its extensive industrial activities and wastewater generation. The market is characterized by a partial fragmentation, with major players like BASF SE, Basic Chemical Industries, and Tessenderlo Group holding significant shares. Recent developments, such as the commissioning of new ferric chloride production facilities, indicate ongoing investment and capacity expansion in the industry.
Ferric Chloride Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 High Demand from Wastewater Treatment Plants
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1.1.2 Increasing Stringent Norms for the Treatment of Sewage Water and Industrial Waste to Curtail Pollution
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1.2 Restraints
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1.2.1 Stringent Regulations Imposed on Companies during the Manufacturing and Shipment of Ferric Chloride Products
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1.2.2 Presence of Substitutes Products
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size by Volume)
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2.1 Application
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2.1.1 Water and Wastewater Treatment
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2.1.2 Printed Circuit Board (PCB)
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2.1.3 Pigment Manufacturing
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2.1.4 Animal Nutrient Supplements
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2.1.5 Asphalt Blowing
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2.1.6 Other Applications
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 ASEAN Countries
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2.2.1.6 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 Italy
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2.2.3.4 France
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2.2.3.5 Russia
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2.2.3.6 Spain
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2.2.3.7 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 Egypt
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2.2.5.3 South Africa
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2.2.5.4 Rest of Middle-East and Africa
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Ferric Chloride Market Size FAQs
What is the current Ferric Chloride Market size?
The Ferric Chloride Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Ferric Chloride Market?
BASF SE, Basic Chemical Industries, Tessenderlo Group, Nobian and Kemira are the major companies operating in the Ferric Chloride Market.
