by Ferric hydroxide, also known as rust, is an inorganic compound and one of the most abundant iron compounds on Earth. It is widely used as a coagulant in water treatment to remove suspended solids, microorganisms, and other contaminants from drinking water and industrial wastewater. The global demand for treated water is growing due to rising population and rapid urbanization which need ferric hydroxide for water treatment in large quantities.
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 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased use in water treatment plants is the major trend driving the growth of the ferric hydroxide market. Ferric hydroxide is one of the most commonly used coagulants for treating water before distribution because it efficiently removes turbidity and suspends solids. It reacts with contaminants in water to form larger particles that are then removed through sedimentation or filtration. With growing fresh water scarcity globally, more water treatment plants are being established which boosts the consumption of ferric hydroxide. The chemical’s availability, low cost and high efficiency makes it suitable for large scale water treatment. The growth in the number of municipal water treatment plants and industrial wastewater treatment facilities will drive the ferric hydroxide market during the forecast period.
SWOT Analysis
Strength: Ferric hydroxide has high adsorption capacity and is affordable and biodegradable making it suitable for waste water treatment. It can efficiently remove phosphate, fluoride and arsenic from water.
Weakness: The sludge produced during waste water treatment contains ferric hydroxide and requires proper disposal. The removal efficiency depends on pH and other water quality parameters.
Opportunity: Growing concerns regarding clean water and stringent regulations are driving the demand for waste water treatment chemicals including ferric hydroxide. Rapid urbanization in developing nations also presents an opportunity.
Threats: Availability of alternative chemicals for waste water treatment and fluctuation in raw material prices are threats to the ferric hydroxide market.
Key Takeaways
The Global Ferric Hydroxide Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by increasing wastewater treatment activities. 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 5.4% over the forecast period 2023 to 2030.
Regional analysis comprises:
The Asia Pacific region is expected to account for the largest share of the global ferric hydroxide market during the forecast period supported by the presence of rapidly growing economies like China and India. Stringent environmental regulations regarding wastewater treatment are driving demand. Population growth and economic development are also contributing to the region’s largest market share.
Key players related content comprises:
Key players operating in the ferric hydroxide market are Kemira, Tessenderlo Group, PVS Chemicals Inc., BPS Products Pvt. Ltd., and Chemifloc Ltd. Kemira is one of the leading producers and suppliers of ferric hydroxide globally. Tessenderlo Group offers a wide range of organic and inorganic coagulants including ferric hydroxide for water treatment applications.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
