Market Snapshot:
Iron Chloride is known as Ferric Chloride which is a commodity chemical that rarely observed with its natural form. Mostly it’s used as a flocculant in water treatment and production of printed circuit boards applications. Iron Chloride market has high growth prospects owing to treatment of potable water in certain instances and rise in initiatives against pollution in the developing countries. Further, increasing demand for the pharmaceutical products such as medicines and rising need for rapid development of economy to the product expected to drive the demand for the iron Chloride over the forecast period.
Highlights from Iron Chloride Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Kemira (Finland), Tessenderlo (Belgium), PVS Chemicals (United States), Feralco Group (Sweden), Chemifloc (Ireland), SIDRA Wasserchemie (Germany), Gulbrandsen (United States) and AkzoNobel Industrial Chemicals (The Netherlands). Additionally, other players that are part of this comprehensive study are BorsodChem (Hungary), Philbro-Tech (United States), Malay Sino Chemical Industries (Malaysia), Saf Sulphur (Saudi Arabia) and Sukha Chemical Industries (India).
Geographic Breakdown and Segment Analysis
The Europe Iron Chloride market presents a comprehensive analysis of the Iron Chloride market by product type (Ferric chloride, Ferrous chloride and Others), by end-user/application (Water and Sewage Treatment Industry, Metal Surface Treatment Industry, PCB Industry, Pigment Industry and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Europe Iron Chloride industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Iron Chloride market, the Europe has emerged as a crucial market for several Iron Chloride brands.
Analyst at AMA have segmented the market study of Europe Iron Chloride market by Type, Application and Region.
Influencing Trend:
Implementation of Various New Amendments Regarding safe drinking water and Utilization of Ferric Chloride for Municipal Potable Water Treatment.
Market Growth Drivers:
Growing Demand for Treatment of Sewage and Potable Water in Cities. and Adoption of Iron Chloride for Blood Removal.
Challenges:
Lack of Awareness among the Customers. and Substitutes Available for Iron Chloride
Restraints:
Stringent Government Regulations Regarding Application. and Price Fluctuation of Raw Materials is Anticipated to Challenge the Market.
Opportunities:
Upsurge Demand of Iron Chloride in Printed Circuit Board.
Market Developments Activities:
In May 2021,Feralco Environnement (Feralco Group), the leading supplier of inorganic coagulants to the French water treatment and industrial process markets, wishes to announce the acquisition of the 50% share capital in Feracid previously held by its joint venture partner Novacid. The company whereby becomes a wholly owned subsidiary of Feralco Environnement.
In November 2023,Kemira, a global leader in sustainable chemical solutions for water-intensive industries, announces a significant capacity extension of its ferric sulfate water treatment chemicals production line in Goole, UK. The additional 70 000 tons capacity investment helps meet the growing demand for coagulants due to the new and stricter Asset Management Plan 7 and 8 regulation on phosphorus and other nutrient discharge from wastewater treatment set out in the Water Industry National Environment Programme in the UK.
Analyst Comment
"Iron Chloride expenditure is rising every year, and positively impacting the growth of Iron Chloride platforms such as ferric chloride and others in turn going to support the iron Chloride market. Many players in this space are forming strategic alliances to help the enterprises enhance product offerings and increase their business expansion at different regions. Therefore, the future of Iron Chloride seems quite promising and is expected to gain much of attention in the near future."
Key Target Audience
Iron Chloride Manufacturers, Iron Chloride Traders, End-Use Market Participants of Different Segments of Iron Chloride, Government and Research Organizations, R&D Institutions and Others