Growing Applications In Water Treatment To Fuel The Expansion Of The Ferric Hydroxide Market

Growing Applications In Water Treatment To Fuel The Expansion Of The Ferric Hydroxide Market

Ferric hydroxide is a brown crystalline powder that is widely used as a coagulant and flocculant in water treatment. It helps remove impurities and clarifies drinking water by binding with contaminants to form larger particles that can be filtered out. Ferric hydroxide is also used as an iron supplement and as a pigment in ceramics. It imparts reddish-brown color to glazes and stains. The compound is stable, non-toxic and highly effective even at low dosages, making it a preferred choice for various industrial applications.

The global Ferric Hydroxide Market is estimated to be valued at US$ 3.6 Bn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
It is widely used for coagulation and sedimentation processes to remove heavy metals, excess nutrients, suspended solids and other pollutants from industrial wastewater. Moreover, growing urbanization has increased the need for sustainable water management. Many countries are investing heavily in water treatment infrastructure which is creating high demand for water treatment chemicals like ferric hydroxide. Additionally, rising health awareness is propelling the sales of iron supplements where ferric hydroxide finds application due to its non-constipating nature.
Porter’s Analysis

Threat of new entrants: The threat of new entrants in the ferric hydroxide market is low due to high capital requirements and presence of numerous established players.

Bargaining power of buyers: The bargaining power of buyers in the ferric hydroxide market is high owing to the availability of a wide range of products from different suppliers.

Bargaining power of suppliers: The bargaining power of suppliers is also high due to the availability of raw materials from a few suppliers such as BASF.

Threat of new substitutes: Substitute threat is low as ferric hydroxide has limited substitutes and satisfies specific application requirements.

Competitive rivalry: The competitive rivalry in the ferric hydroxide market is high due to the presence of numerous players.

Key Takeaways

The Global Ferric Hydroxide Market Size is expected to witness high growth, exhibiting CAGR of 4.5% over the forecast period, due to increasing demand from wastewater treatment applications.

Regional analysis: Asia Pacific dominates the global ferric hydroxide market and is expected to continue its dominance over the forecast period. China accounts for the largest share in Asia Pacific owing to huge production capacities and increasing demand from wastewater treatment and other industries. North America also holds significant share due to stringent wastewater regulations.

Key players analysis: Key players operating in the ferric hydroxide market are BASF SE,DuPont,American Elements,Cabot Corporation,ZeniMac Exim,Southern Carbon Chemical,Reade Manufacturing Company,The Shepherd Chemical Company. BASF SE is one of the leading players in ferric hydroxide market with wide product portfolio and global presence.

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