Anhydrous Ferric Chloride

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