Anhydrous Ferric Chloride Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

The global anhydrous ferric chloride market size is likely to observe potential gains in the near future, and witness significant CAGR over the forecast period (2019 - 2027).

Market Overview

Ferric chloride, also called iron chloride and iron(III) chloride (or iron trichloride), is an inorganic salt used as a coagulant in the chemical industry; specifically for wastewater treatment. The iron trichloride solution is colourless (or takes a faint tinge of brown) with an odor that carries a hint of hydrochloric acid. The iron(III) chloride solution is highly corrosive to most metals, as well as tissue. Furthermore, owing to its non-combustible nature and ability to react to corrosive metals or acid solution contained in water, ferric chloride has major application in the process of sewage treatment and water purification. Additionally, ferric chloride is able to etch copper by promoting oxidation from copper (I) to (II), which makes it an ideal ingredient in the process of printing circuit boards in the electronic industry.

Market Dynamics

Ferric chloride also has industrial uses including manufacturing of pigments, surface treating agents and plating agents, solids separation agents, and process regulators. In laboratories, minimal amount of neutralized iron(III) chloride solution is used for the colorimetric testing for phenols. Upon adding the neutralized solution to the water, the water takes a momentary or permanent tinge of blue, green, or purple if it detects presence of a phenol in the water.

In addition to its wide range of industrial applications, the production cost of ferric chloride is considerably low. As a result, a large number of producers of chlor-alkali are investing in the production of ferric chloride. Moreover, growing awareness regarding wastewater treatment, combined with the demand for clean drinking water in emerging economies is expected to drive the growth of the global anhydrous ferric chloride market. In comparison with alternative water treatment chemicals such as alum, ferrous sulphate, and polyaluminium chloride, ferric chloride is cost efficient and performs effectively, which in turn could propel its demand in the market.

However, owing to its corrosive and acidic properties, ferric chloride can be hazardous in terms of health and safety. Upon heating ferric chloride, it emits toxic fumes, and ingestion of these gases can result in morbidity, and in some cases it can also cause death. These factors are expected to restrain growth of the global anhydrous ferric chloride market during the forecast period.

Market Outlook

Asia Pacific is expected to contribute the highest market share owing to increasing industrialization, urbanization, and an increasing demand for wastewater treatment in the region. Rising population, growing presence of key players, and water recycling in end use industries such as pharmaceuticals and food and beverage in emerging economies such as India and China. Other regions such as Africa and Latin America have also shown significant industrial and economic growth over the past few years which can be a contributing factor for the growing demand for ferric chloride in these regions.

Key Players

Some of the key players engaged in the global anhydrous ferric chloride market are Thermo Fisher Scientific, National Biochemicals Corporation, PVS Technologies, Inc., Anachemia Chemicals, BASF SE, PVS Technologies, Inc., and Alfa Aesar.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
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In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

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