The new report by Expert Market Research titled, ‘Global Ferric Hydroxide Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global ferric hydroxide market, assessing the market based on its segments like product forms, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 6%
• Forecast Market Size (2025): USD 820 million
As environmental, health, and safety concerns grow, increasing measures are being adopted in order to improve drinking water conditions and accessibility, as well as to reduce the negative impact of water pollution. Ferric hydroxide, in its granular form, can be used to separate out arsenate via filtration processes. This process does not require the use of extensive chemicals and is considered a simple and clean method for erasing high concentrations of arsenic from groundwater. Currently, this process is adopted in several plants, especially in developed countries, and is expected to gain further popularity, driving the demand for ferric hydroxide during the forecast period.
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Industry Definition and Major Segments
Ferric hydroxide is manufactured via the reaction of a ferric (iron – III) salt with a strongly basic hydroxide, such as sodium hydroxide (NaOH). The ferric salt used is typically ferric nitrate or ferric chloride. The final product appears as dark orange crystals, which are odourless and opaque in nature.
By product form, the market is divided into:
On the basis of application, the industry can be segmented into:
• Paints and Coatings
• Water Treatment
The market can be classified based on region as:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The ferric hydroxide market is expected to see a sharp growth in the developing countries of the Asia Pacific region, such as India and China, due to the increasing construction activities in this region, one of the major end use sectors of ferric hydroxide. An increase in production capacities recently by key players in North America and Europe is seen as an indicator of high consumption in these regions. Ferric hydroxide also sees applications in the cosmetics sector, which is becoming increasingly accessible due to the growth of e-commerce giants like Amazon (NASDAQ: AMZN) and Alibaba Group (HKG: 9988).
Key Market Players
The major players in the market are Xiamen Hisunny Chemical Co., LTD, Ferro Corporation (NYSE: FOE), and Cathay Industries, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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