DUBAI, United Arab Emirates, 07 Feb. 2022 (GLOBE NEWSWIRE) — Future Market Insights (IMF) estimated the market to Ferric sulphate and polyferric sulphate to witness year-on-year growth in 4.4% in 2022 reaching a value of approximately US$425.7 million by the end of 2022. Global activity is further expected to reach a value of US$526.7 million At the end of the forecast period.
The demand for polyferric sulphate and ferric sulphate is expected to rise in the coming years due to global industrial growth and increasing water management regulations. This revelation is made by a new research report published by Future Market Insights. The report titled ‘Ferric Sulfate and Polyferric Sulfate Market: Global Industry Analysis 2012-2021 and Opportunity Assessment 2022-2027′presents the complete market scenario of these iron-based coagulants. This in-depth research study highlights the key factors impacting the growth of the Global Ferric and Polyferric Sulfates Market as well as the most lucrative regional market.
| Base year value (2021) | US$407.6 million |
| Estimated annual value (2022) | US$425.7 million |
| Projected annual value (2027) | US$526.7 million |
| CAGR Value (2022-2027) | 4.4% |
| Share of collective value: Top 3 countries (2022) | 42.8% |
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According to the main findings of this research on the ferric and polyferric sulphates market, the high rate of global industrialization is resulting in an increase in water contamination. With the growing awareness in developing countries of water conservation and reuse, governments in these economies are enforcing strict regulations for proper sludge treatment.
As a result, it has been made mandatory for industries to treat sludge before disposal. Ferric and polyferric sulfate functions as a major water treatment chemical and demand growth is expected to increase in the near future.
The municipal and domestic sector will dominate the end-use sector
The municipal and domestic sector is expected to represent a market attractiveness rating of 5.0 and be a relatively attractive market segment during the forecast period. This segment is expected to account for more than 25% market share in terms of value and volume during the forecast period.
This is the result of increasing efforts towards water conservation activities by industry organizations, municipal corporations and environmental associations. Various regulations have been developed by environmental agencies and government authorities, which aim to achieve water conservation and reduce water pollution.
Sludge treatment is an integral part of these activities. During the forecast period, new water and sludge treatment facilities are expected to come up all over the world which is expected to drive the consumption of sludge treatment chemicals in the respective regions. With such trends prevailing globally, the municipal and domestic sector is expected to reach a market value of over US$526.7 million by the end of 2027, growing at a CAGR of 4.4% in during the forecast period.
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Report scope
| Attribute | Details |
| Forecast period | 2022-2027 |
| Historical data available for | 2012-2021 |
| Market analysis | Million USD for value and tons for volume |
| Key regions covered | North America, Latin America, Eastern Europe, Western Europe, APEJ, Middle East and Africa and Japan |
| Main countries covered | USA, Canada, Germany, UK, France, Italy, NORDICS, Spain, Russia, Poland, BENELUX, China, Japan, India, ASEAN, Oceania, South Korea, Brazil, Mexico, Chile, GCC Countries, South Africa and Turkey |
| Key Segments Covered | Product type, end-use industry and region |
| Profiled Key Companies | • Penco, Inc.
• Altivia Chemicals, LLC • Kemira Oyj • Chemifloc Limited • Hunan Yide Chemical Co., Ltd. • Lubon Industry Co., Ltd. • Chemtrade Logistics Inc. • Clinty Chemicals • Henan Aierfuke Co. Ltd. • Airedale Chemicals • BAUMINAS Group |
| Report cover | Market forecasts, company share analysis, competitive intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives |
APEJ and Latin America will compete closely in terms of growth rates
Due to the expansion of key players and the presence of a large number of companies in the Chinese market, APEJ is expected to be the most attractive regional market for ferric and polyferric sulphate during the period of forecast. APEJ is expected to witness the largest market size of over US$160 million by the end of 2027, growing at a CAGR of 5.3% during the forecast period.
Besides APEJ, Latin America and Eastern Europe are also expected to be lucrative regions with a value CAGR of 4.5%. This growth can be attributed to the increasing demand for drinking water in Brazil, Mexico and other parts of Latin America.
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Competitive landscape
Some of the major players mentioned in the report are Pencco, Inc., Altivia Chemicals, LLC, Kemira Oyj, Chemifloc Limited, Hunan Yide Chemical Co., Ltd., Lubon Industry Co., Ltd., Chemtrade Logistics Inc., Clinty Products Chemicals, Henan Aierfuke Co. Ltd., BAUMINAS Group, Airedale Chemical, etc.
Learn about FMI’s extensive ongoing coverage in chemicals and materials
Ferric Sulfate Market – Ferric Sulfate is a whitish-yellow crystalline compound. It is acidic in nature and corrosive to copper, copper alloys and galvanized steels. It is soluble in water and is hygroscopic in nature.
Ferrite Market – The Global ferrite market mainly surfs in the footsteps of its demand in the production of electroacoustic products. However, major market players are also discovering innovative growth opportunities in other industrial areas such as consumer electronics and home appliances.
Ferro Aluminum Market – Ferro Aluminum is an alloy that belongs to the category of ferroalloys. Ferro-aluminum is produced by combining iron with aluminum. The manufacturing process of ferro-aluminum is inherently very energy intensive.
Ferro Vanadium Market – Ferro Vanadium belongs to the category of ferroalloys. Ferro vanadium is an alloy formed by the combination of iron and vanadium. Ferrovanadium contains 35% to 85% vanadium depending on the applications of the product in the end-use industry.
Ferrous Sulphate Market – As the animal feed industry as well as the fertilizer industry has been showing a sizable increase in GDP over the past couple of years, it is highly likely that the ferrous sulphate market will grow along with it.
Ferrous fumarate market – According to the World Health Organization (WHO), even in developing countries, one in two pregnant women and 40% of preschool children suffer from anemia. Anemia is caused due to iron deficiency in the blood, which is a serious and widespread nutritional deficiency disorder throughout the world.
Ferric Phosphate Market – Ferric phosphate, often referred to as iron phosphate, is an inorganic compound that is formulated by the combination of iron, oxygen, and phosphorus in a specified molar ratio. Ferric phosphate has various technical applications in different end-user industries, such as agriculture, automotive, and among others.
Polyferric Sulfate Market – Polyferric Sulfate exists as a light yellow powder (solid) or as a dark red liquid. It is acid deficient because all the free acid is consumed before iron polymerization.
Arc Ferrite Magnet Market – According to the latest research by Future Market Insights, the market is expected to witness steady growth during 2021-2031. Demand for Arc Ferrite Magnet will see a firm recovery in the near term, with optimistic growth prospects in the long term.
Dry Ice Market – The demand for dry ice is expected to increase with the development of the dry ice machine industry across the world. The manufacturers of large multinationals and private companies have been major contributors to the growth of dry ice market revenue.
About Future Market Insights (IMF)
Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.
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Source of the press release: https://www.futuremarketinsights.com/press-release/ferric-sulfate-and-polyferric-sulfate-market
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