Ferric hydroxide, also known as rust, is an iron compound that is commonly used as a coagulant in water treatment facilities to remove impurities from water. Ferric hydroxide precipitates and binds with phosphates, arsenic and other heavy metals to form flocculants that are then removed through filtration. It is effective, inexpensive and widely available making it a preferred material for water treatment globally.
The Global ferric hydroxide market is estimated to be valued at US$ 4.15 Mn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the Ferric Hydroxide Market Size are Faurecia, Magna International Inc., Lear Corporation, Grupo Antolin, Yanfeng Automotive Interiors, Adient, Grammer AG, Toyota Boshoku Corporation, DRÄXLMAIER Group, IAC Group, Calsonic Kansei Corporation, Sumitomo Riko Company Limited, Sage Automotive Interiors, TS Tech Co., Ltd., Sanko Gosei Ltd. The growing need for impurity removal in water treatment plants across industrial, agricultural and domestic sectors is expected to drive demand for ferric hydroxide based coagulants. Stringent environmental regulations regarding wastewater discharge standards will further propel the ferric hydroxide market growth. Asia Pacific region currently dominates the market and is projected to maintain its lead position during the forecast period due to surging industrial development and rising investments in water infrastructure projects across China, India and other Asian countries.
Market Drivers and Restraints
The major drivers boosting the ferric hydroxide market include rapid urbanization and growing population which is increasing the strain on water resources. This is accelerating investments towards wastewater treatment infrastructure especially in developing economies. Moreover, rising industrial wastewater discharge due to expansion of manufacturing sector is augmenting the consumption of ferric hydroxide based coagulants. However, availability of alternative coagulants such as aluminum sulfate and polyaluminum chloride at competitive prices can impede the market demand for ferric hydroxide to some extent during the forecast period. Stringent occupational health and safety regulations regarding handling of iron-based chemicals is another challenge for the market players.
Segment Analysis
The ferric hydroxide market can be segmented into precipitated ferric hydroxide and crystalline ferric hydroxide. Within these, precipitated ferric hydroxide dominates due to its higher surface area and absorbent property as compared to crystalline ferric hydroxide. Precipitated ferric hydroxide has a very large inner surface area which allows it to quickly absorb phosphates, thus widely being used as coagulant in water treatment plants.
Global Analysis
The Asia Pacific region is expected to be the fastest growing as well as the dominating regional market for ferric hydroxide during the forecast period. Countries such as China, India and Japan are industrial hubs with massive chemical production. Growing phosphating industry along with stringent environmental regulations regarding waste water treatment in these countries is supporting regional market growth. Increasing investments towards upgrading outdated water supply infrastructure also contributes to demand growth. North America and Europe are other major markets however growth is expected to be relatively slower due to maturity.
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The global Ferric Sodium Sulphide Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the ferric sodium sulphide market include Solvay, Longfu Group, Nafine Group International Co., Ltd., Sankyo Kasei, Hebei Xinji, Chemical Group Co., Ltd., Shaanxi Fuhua Chemical Co., Ltd., Athiappa Chemicals.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Ferric Sodium Sulphide Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/ferric-sodium-sulphide-market/download-sampleMarket DynamicsThe market is mainly driven by the rising demand for hygiene products; soft tissue paper and packaging are anticipated to raise the demand for paper and pulp.
The pulp & paper industry converts wood into paper, cardboard, and other products with the help of ferric sodium sulphide.
Moreover, growing personal care applications and rising usage in the mining industry to process many types of ores.
