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What are the Drivers and Restraints in Ferric Sulfate Market?

 

Global Ferric Sulfate Market: Overview

Ferric sulfate is a yellow crystalline solid which is produced by the reaction of sulfuric acid and an oxidizing agent. The sulfate is acidic in nature and corrosive to copper and galvanized steels. Ferric sulfate is soluble in water and is hygroscopic in nature. Various sources of ferric sulfate include mikasaite, lausenite, and kornelite. Ferric sulfate is extensively used as a coagulant in wastewater treatment applications. Grades of ferric sulfates depend on the change in concentration of iron. Key applications of ferric sulfate include arsenic removal, wastewater treatment, drinking water processing, heavy metals removal, odor control, phosphorous removal, selenium removal, sludge thickening conditioning, and dewatering. Ferric sulfate is available in solid and solution forms. Chemical reactions of ferric sulfate in the coagulation process are similar to that of the alum; however, it is relative solubility and its pH range differ significantly from that of the alum.

Global Ferric Sulfate Market: Drivers & Restraints

Rise in consumer preference for personal hygiene and health drives the global ferric sulfate market. Unwanted chemicals and impurities in drinking water and wastewater need to be clarified in order to make it suitable for consumption. Increasing efforts toward water conservation activities by industries, municipal corporations, and environmental associations are projected to boost the global ferric sulfate market. Use of double distilled water in semiconductors are anticipated to fuel the ferric sulfate market. Growth of electronic and microchips industries is driving the ferric sulfate market. Development of the semi-conductor industry in countries such as South Korea, Taiwan, Japan, and Singapore are anticipated to boost the ferric sulfate market in Asia Pacific. Utilization of ferric sulfate as an alternative to aluminum salts for water purification is anticipated to increase the demand for ferric sulfate in the next few years. Use of ferric sulfate as anti-hemorrhagic agent is projected to be a key opportunity for ferric sulfate in the medical sector.

Global Ferric Sulfate Market: Key Segments

Based on type of application, the global ferric sulfate market can be segmented into arsenic removal, wastewater treatment, drinking water processing, heavy metals removal, odor control, phosphorous removal, selenium removal, sludge thickening conditioning, and dewatering. In terms of form, ferric sulfate market can be bifurcated into powder and aqueous.

 

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Global Ferric Sulfate Market: Regional Outlook

The global ferric sulfate market expanded significantly in 2017. Expansion of the market is estimated to continue during the forecast period. Asia Pacific holds a significant share of the global ferric sulfate market. Rise in population, increase in awareness regarding health, and changes in lifestyle are projected to boost the ferric sulfate market in Asia Pacific during the forecast period. Demand for ferric sulfate is high in countries such as China, India, and Japan in the region. Expansion of electronic and semi-conductor industries is driving the market in Europe. Strict European Union norms regarding water purification and removal of phosphorous from drinking water are anticipated to propel the demand for ferric sulfate in Europe. Rise in demand for double distilled water for high-end electronic applications in North America increases the demand for ferric sulfate. The ferric sulfate market in Latin America and Middle East & Africa is likely to expand at a significant pace during the forecast period owing to recent economic developments in these regions.

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Global Ferric Sulfate Market: Key Players

Key players operating in the global ferric sulfate market include Pennco, Inc, Altivia Chemicals LLC, Kemira Oyj, and Hunan Yide Chemical Co., Ltd. 

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