Iron Chloride Market by Grade (Anhydrous, Ferric Chloride Hexahydrate Lumps, Ferric Chloride Liquid) by End Use (Industrial [Chemicals Industry, Electronics Industry, Metals & Metallurgy, Pharmaceuticals Industry, Others], Institutional [Municipal Waste-Water Treatment, Municipal Potable Water Treatment]) by Application (Asphalt Blowing, Electronic Etchants, Pigment Manufacturing, Printed Circuit Boards (PCBs), Potable Water treatment, Metal Surface treatment, Wastewater Treatment and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.

Published Date: 01-Feb-2021 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-5756 Status : Published

The Iron Chloride market is set for a rapid growth over the forecast period. In terms of revenue, the global Iron Chloride market accounted for USD 413.80 Million in 2019 and is expected to reach USD 534.67 Million by 2026, growing at a CAGR of 3.73%

Description

The Iron Chloride market is set for a rapid growth over the forecast period. In terms of revenue, the global Iron Chloride market accounted for USD 413.80 Million in 2019 and is expected to reach USD 534.67 Million by 2026, growing at a CAGR of 3.73%

Global Iron Chloride Market: Overview

Ferric Chloride, also known as Molysite/Iron chloride is a dark colored crystal. Its oxidation state of iron is +3. It is an element of iron coordination that operates as an astringent and Lewis acid. Ferric Chloride's chemical formula is FeCl3.

The solution of Molysite is colorless to light brown and has a slight scent of hydrochloric acid (HCl). Most metals and tissues are corrosive to it. It is non-combustible and is used extensively in the treatment of treating wastewater and sewage.

It is deliquescent in its anhydrous state. Partial hydrolysis also occurs as it absorbs water from the air and releases Hydrogen Chloride (HCl) which in moist air forms mists. 

  • Ferric Chloride is used to control over-cropping of animal claws, notably when bleeding is caused by over-cropping.
  • It is used as a catalyst in organic synthesis.
  • In also has broad applications in energy storage systems
  • It is used in its anhydrous form as a drying reagent in some reactions.

Global Iron Chloride Market: Growth Factors

Ferric chloride is an inorganic compound with a high solubility reaction to water, ethanol and acetone. It is available in the high melting point form of liquid and powder. Due to its solubility with organic compounds and endothermic reaction, it is used in multiple industries such as pharmaceutical, electronics, chemical, and metallurgy, which helps to improve reaction rates. The chemical remains unchanged under high heat and works efficiently in a broad pH band, making it convenient and safe to use and thus driving market share.

Ferric chloride Market size is expected to see steady increases in the forecast period as a result of growing customer perception of waterborne diseases such as typhoid and cholera. In addition, the demand for safe drinking water and the strict legislation to minimize water pollution have a direct impact on the growth of the industry. It involves rapid hydrolysis with water, has higher cost efficiencies and significantly better characteristics than other chemicals such as potassium permanganate, ferrous sulphate, and polyaluminium chloride which might also boost consumer demand for ferric chloride.

Growing concerns about the depletion of water supplies, increasing water consumption and pollution levels could cause the demand for ferric chloride. It is widely used in water treatment processes due to its capability in clearing water pollutants such as heavy metals, sludge, and decaying organic matter. The chemical leaves a faint residual color, breaks down the odor that triggers pollution and gives a high degree of turbidity elimination. In the United Kingdom, there were more than 315 serious incidences of water pollution in 2016 mainly due to bio-waste treatment, agricultural activities, and other waste reusing activities in the region. The increase in the incidence of serious contamination caused by waste management activities and water firms, along with strict regulations on high industrial effluents reaching natural water supplies, is expected to contribute to the market share of ferric chloride.

Global Iron Chloride Market: Segmentation

In terms of application, the global ferric chloride market can be segmented into Asphalt Blowing, Electronic Etchants, Pigment Manufacturing, Printed Circuit Boards (PCBs), Potable Water treatment, Metal Surface treatment, Wastewater Treatment and Others. The wastewater treatment segment is anticipated to hold a significant share of the global ferric chloride market in the near future due to the growing need for pure water in numerous applications.

Printed Circuit Boards (PCBs) application segment is predicted to have a healthy market growth due to rising demand for electronics sector over the coming years. Ferric chloride is commonly used as an etchant for the manufacture of printed circuit boards. It is used in the chemical etching of copper-based metals in PCB’s because it is soluble in water, does not decompose and attacks the thin protective layer in circuits that make it appealing to manufacturers. It is among the least dangerous chemical etchants because, unlike other chemical etchants such as hydrochloric acid, chlorine or fermenting acid, direct exposure to the skin can be relieved with water. Its versatility with different metals and nickel-based alloys such as tin, zinc, manganese, and indium used in the production of various types of circuit boards may accelerate the demand for ferric chloride.

Increased demand for electronics, such as smart phones, tablets, laptops and home appliances, due to growing technological trends and rigorous marketing strategies by online retailers, may stimulate market demand.

Global Iron Chloride Market: Regional Analysis

On the basis of region, the market is segregated into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. North America's market demand for ferric chloride, driven by Canada and the United States, is expected to see substantial growth during the forecast period due to an increasing waste management activity in the region. In the U.S., it is commonly used in municipal drinking water treatment and sewage treatment. In addition, the involvement of major companies, including Suez, Veolia, and American Water Works, which operate in industrial wastewater treatment, has had a positive effect on accelerating regional market growth.

Europe led by the United Kingdom, Germany, Italy and France; the market size of ferric chloride may be seen to support growth during the forecast period. In the highly developed western European area, the chemical is widely used as a coagulant for the processing and treatment of drinking water. It is known as a sequestering agent for the regulation of sludge and odor and thus drives product demand as a highly efficient flocculant. It is expected that stringent EU regulations on clean water requirements in the municipal and industrial fields would have a positive effect on business development.

The demand for ferric chloride from the Asia Pacific market, led by China, India and Japan, is likely to rise significantly during the forecast period due to economic and population expansion in the region, resulting in growing demand for water treatment. Moreover, due to rapid industrialization, the rise in the textile and pharmaceutical industries, rising demand for water cleaning chemicals could raise ferric oxide's market share.

Due to increased demand for synthetic, silk and cotton clothing products, China's textile exports accounted for the largest share. In the textile and pharmaceutical industries, vast quantities of inorganic sludge are generated, accumulating and growing algae proliferation, thus affecting aquatic biodiversity and marine life. It is commonly used to break down applications for inorganic sludge and water treatment without harming aquatic wildlife, which could also speed up market share.

Global Iron Chloride Market: Competitive Players

Key players operating in the global Iron Chloride market include Asia chemicals, Akzo Nobel Industrial Chemicals, BASF, Basic Chemical Industries, BPS Products, BorsodChem, Chemical Company of Malaysia, Chemifloc, CM Chemicals, Feracid, Feralco, Gulbrandsen, Kemira, Malay Sino Chemicals, National Biochemical, PVS Chemicals, Inc., Saf Sulphur Factory, Sidra Wasserchemie GmbH, and Tessenderlo among others.

Global Iron Chloride Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
    • 1.2. Research Scope
  • Chapter 2. Research Methodulogy
    • 2.1.1. Research Methodulogy
    • 2.1.2. Primary Research
    • 2.1.3. Secondary Research
    • 2.1.4. Models
      • 2.1.4.1. Company Share Analysis Model
      • 2.1.4.2. Revenue Based Modeling
      • 2.1.4.3. Research Limitations
  • Chapter 3. Executive Summary
    • 3.1. Global Iron Chloride Market, 2016-2026, (USD Million)
    • 3.2. Global Iron Chloride Market: Snapshot
  • Chapter 4. Global Iron Chloride Market – Industry Analysis
    • 4.1. Introduction
    • 4.2. Market Drivers
    • 4.3. Market Restraints
    • 4.4. Market Opportunities
    • 4.5. Porter’s Five Forces Analysis
    • 4.6. COVID 19 Impact Analysis
  • Chapter 5. Investment Proposition Analysis
    • 5.1. Global Iron Chloride Market Attractiveness, By Grade
    • 5.2. Global Iron Chloride Market Attractiveness, By End-Use
    • 5.3. Global Iron Chloride Market Attractiveness, By Application
    • 5.4. Global Iron Chloride Market Attractiveness, By Region
  • Chapter 6. Competitive Landscape
    • 6.1. Company Market Share Analysis – 2019
      • 6.1.1. Global Iron Chloride Market: Company Market Share, 2019
    • 6.2. Strategic Developments
  • Chapter 7. Iron Chloride Market – Grade Segment Analysis
    • 7.1. Global Iron Chloride Market Overview: by Grade
      • 7.1.1. Global Iron Chloride Market Revenue Share, by Grade, 2019 & 2026
    • 7.2. Global Iron Chloride Market Analysis/Overview – By Grade
      • 7.2.1. Anhydrous – Overview/Analysis
      • 7.2.2. Ferric Chloride Hexahydrate Lumps– Overview/Analysis
      • 7.2.3. Ferric Chloride Liquid– Overview/Analysis
    • 7.3. Anhydrous
      • 7.3.1. Global Iron Chloride Market for Anhydrous, Revenue (USD Million) 2016 – 2026
    • 7.4. Ferric Chloride Hexahydrate Lumps
      • 7.4.1. Global Iron Chloride Market for Ferric Chloride Hexahydrate Lumps, Revenue (USD Million) 2016 – 2026
    • 7.5. Ferric Chloride Liquid
      • 7.5.1. Global Iron Chloride Market for Ferric Chloride Liquid, Revenue (USD Million) 2016 – 2026
  • Chapter 8. Iron Chloride Market – End-Use Segment Analysis
    • 8.1. Global Iron Chloride Market Overview: by End-Use
      • 8.1.1. Global Iron Chloride Market Revenue Share, by End-Use, 2019 & 2026
    • 8.2. Global Iron Chloride Market Analysis/Overview – By End-Use
      • 8.2.1. Industrial – Overview/Analysis
      • 8.2.2. Institutional– Overview/Analysis
    • 8.3. Industrial
      • 8.3.1. Global Iron Chloride Market for Industrial, Revenue (USD Million) 2016 – 2026
    • 8.4. Institutional
      • 8.4.1. Global Iron Chloride Market for Institutional, Revenue (USD Million) 2016 – 2026
  • Chapter 9. Iron Chloride Market – Application Segment Analysis
    • 9.1. Global Iron Chloride Market Overview: by Application
      • 9.1.1. Global Iron Chloride Market Revenue Share, by Application, 2019 & 2026
    • 9.2. Global Iron Chloride Market Analysis/Overview – By Application
      • 9.2.1. Asphalt Blowing – Overview/Analysis
      • 9.2.2. Electronic Etchants – Overview/Analysis
      • 9.2.3. Pigment Manufacturing – Overview/Analysis
      • 9.2.4. Printed Circuit Boards (PCBs) – Overview/Analysis
      • 9.2.5. Potable Water treatment – Overview/Analysis
      • 9.2.6. Metal Surface treatment – Overview/Analysis
      • 9.2.7. Wastewater Treatment – Overview/Analysis
      • 9.2.8. Others – Overview/Analysis
    • 9.3. Asphalt Blowing
      • 9.3.1. Global Iron Chloride Market for Asphalt Blowing, Revenue (USD Million) 2016 – 2026
    • 9.4. Electronic Etchants
      • 9.4.1. Global Iron Chloride Market for Electronic Etchants, Revenue (USD Million) 2016 – 2026
    • 9.5. Pigment Manufacturing
      • 9.5.1. Global Iron Chloride Market for Pigment Manufacturing, Revenue (USD Million) 2016 - 2026
    • 9.6. Printed Circuit Boards (PCBs)
      • 9.6.1. Global Iron Chloride Market for Printed Circuit Boards (PCBs), Revenue (USD Million) 2016 – 2026
    • 9.7. Potable Water treatment
      • 9.7.1. Global Iron Chloride Market for Potable Water treatment, Revenue (USD Million) 2016 - 2026
    • 9.8. Metal Surface treatment
      • 9.8.1. Global Iron Chloride Market for Metal Surface treatment, Revenue (USD Million) 2016 - 2026
    • 9.9. Wastewater Treatment
      • 9.9.1. Global Iron Chloride Market for Wastewater Treatment, Revenue (USD Million) 2016 - 2026
    • 9.10. Others
      • 9.10.1. Global Iron Chloride Market for Others, Revenue (USD Million) 2016 – 2026
  • Chapter 10. Iron Chloride Market - Regional Analysis
    • 10.1. Global Iron Chloride Market: Regional Overview
      • 10.1.1. Global Iron Chloride Market Revenue Share, By Region, 2019 & 2026 (USD Million)
      • 10.1.2. Global Iron Chloride Market Revenue, By Region, 2016 – 2026 (USD Million)
    • 10.2. North America
      • 10.2.1. North America Iron Chloride Market Revenue 2016 – 2026 (USD Million)
      • 10.2.2. North America Iron Chloride Market Revenue, By Country, 2016 – 2026 (USD Million)
      • 10.2.3. North America Iron Chloride Market Revenue, By Grade, 2016 – 2026 (USD Million)
      • 10.2.4. North America Iron Chloride Market Revenue, By End-Use, 2016 – 2026 (USD Million)
      • 10.2.5. North America Iron Chloride Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 10.2.6. U.S.
      • 10.2.7. Canada
    • 10.3. Europe
      • 10.3.1. Europe Iron Chloride Market Revenue 2016 – 2026 (USD Million)
      • 10.3.2. Europe Iron Chloride Market Revenue, By Country, 2016 – 2026 (USD Million)
      • 10.3.3. Europe Iron Chloride Market Revenue, By Grade, 2016 – 2026 (USD Million)
      • 10.3.4. Europe Iron Chloride Market Revenue, By End-Use, 2016 – 2026 (USD Million)
      • 10.3.5. Europe Iron Chloride Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 10.3.6. France
      • 10.3.7. Germany
      • 10.3.8. France
      • 10.3.9. U.K.
      • 10.3.10. Rest of Europe
    • 10.4. Asia Pacific
      • 10.4.1. Asia Pacific Iron Chloride Market Revenue 2016 – 2026 (USD Million)
      • 10.4.2. Asia Pacific Iron Chloride Market Revenue, By Country, 2016 – 2026 (USD Million)
      • 10.4.3. Asia Pacific Iron Chloride Market Revenue, By Grade, 2016 – 2026 (USD Million)
      • 10.4.4. Asia Pacific Iron Chloride Market Revenue, By End-Use, 2016 – 2026 (USD Million)
      • 10.4.5. Asia Pacific Iron Chloride Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 10.4.6. China
      • 10.4.7. Japan
      • 10.4.8. India
      • 10.4.9. Rest of Asia Pacific
    • 10.5. Latin America
      • 10.5.1. Latin America Iron Chloride Market Revenue 2016 – 2026 (USD Million)
      • 10.5.2. Latin America Iron Chloride Market Revenue, By Country, 2016 – 2026 (USD Million)
      • 10.5.3. Latin America Iron Chloride Market Revenue, By Grade, 2016 – 2026 (USD Million)
      • 10.5.4. Latin America Iron Chloride Market Revenue, By End-Use, 2016 – 2026 (USD Million)
      • 10.5.5. Latin America Iron Chloride Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 10.5.6. Brazil
      • 10.5.7. Mexico
      • 10.5.8. Rest of Latin America
    • 10.6. Middle East & Africa
      • 10.6.1. Middle East & Africa Iron Chloride Market Revenue 2016 – 2026 (USD Million)
      • 10.6.2. Middle East & Africa Iron Chloride Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 10.6.3. Middle East & Africa Iron Chloride Market Revenue, by Grade, 2016 – 2026 (USD Million)
      • 10.6.4. Middle East & Africa Iron Chloride Market Revenue, by End-Use, 2016 – 2026 (USD Million)
      • 10.6.5. Middle East & Africa Iron Chloride Market Revenue, by Application, 2016 – 2026 (USD Million)
  • Chapter 11. Company Profiles
    • 11.1. Asia chemicals
    • 11.2. Akzo Nobel Industrial Chemicals
    • 11.3. BASF
    • 11.4. Basic Chemical Industries
    • 11.5. BPS Products
    • 11.6. BorsodChem
    • 11.7. Chemical Company of Malaysia
    • 11.8. Chemifloc
    • 11.9. CM Chemicals
    • 11.10. Feracid
    • 11.11. Feralco
    • 11.12. Gulbrandsen
    • 11.13. Kemira
    • 11.14. Malay Sino Chemicals
    • 11.15. National Biochemical
    • 11.16. PVS Chemicals, Inc.
    • 11.17. Saf Sulphur Factory
    • 11.18. Sidra Wasserchemie
    • 11.19. Tessenderlo
    • 11.20. Others

Methodology


Frequently Asked Questions

Ferric chloride is an inorganic compound with a high solubility reaction to water, ethanol and acetone. It is available in the high melting point form of liquid and powder. Due to its solubility with organic compounds and endothermic reaction, it is used in multiple industries such as pharmaceutical, electronics, chemical, and metallurgy, which helps to improve reaction rates. The chemical remains unchanged under high heat and works efficiently in a broad pH band, making it convenient and safe to use and thus driving market share.

Ferric chloride Market size is expected to see steady increases in the forecast period as a result of growing customer perception of waterborne diseases such as typhoid and cholera. In addition, the demand for safe drinking water and the strict legislation to minimize water pollution have a direct impact on the growth of the industry. It involves rapid hydrolysis with water, has higher cost efficiencies and significantly better characteristics than other chemicals such as potassium permanganate, ferrous sulphate, and polyaluminium chloride, which might also boost consumer demand for ferric chloride.

Growing concerns about the depletion of water supplies, increasing water consumption and pollution levels could cause the demand for ferric chloride. It is widely used in water treatment processes due to its capability in clearing water pollutants such as heavy metals, sludge, and decaying organic matter. The chemical leaves a faint residual color breaks down the odor that triggers pollution and gives a high degree of turbidity elimination. In the United Kingdom, there were more than 315 serious incidences of water pollution in 2016 mainly due to bio-waste treatment, agricultural activities, and other waste reusing activities in the region. The increase in the incidence of serious contamination caused by waste management activities and water firms, along with strict regulations on high industrial effluents reaching natural water supplies, is expected to contribute to the market share of ferric chloride.

According to Zion Market Research, the Iron Chloride market is expected to generate revenue of around USD 534.67 Million by the end of 2026, growing at a CAGR of 3.73%.

On the basis of region, the market is segregated into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. North America's market demand for ferric chloride, driven by Canada and the United States, is expected to see substantial growth during the forecast period due to an increasing waste management activity in the region. In the U.S., it is commonly used in municipal drinking water treatment and sewage treatment. In addition, the involvement of major companies, including Suez, Veolia, and American Water Works, which operate in industrial wastewater treatment, has had a positive effect on accelerating regional market growth.

Europe led by the United Kingdom, Germany, Italy and France; the market size of ferric chloride may be seen to support growth during the forecast period. In the highly developed western European area, the chemical is widely used as a coagulant for the processing and treatment of drinking water. It is known as a sequestering agent for the regulation of sludge and odor and thus drives product demand as a highly efficient flocculant. It is expected that stringent EU regulations on clean water requirements in the municipal and industrial fields would have a positive effect on business development.

The demand for ferric chloride from the Asia Pacific market, led by China, India and Japan, is likely to rise significantly during the forecast period due to economic and population expansion in the region, resulting in growing demand for water treatment. Moreover, due to rapid industrialization, the rise in the textile and pharmaceutical industries, rising demand for water cleaning chemicals could raise ferric oxide's market share.

Due to increased demand for synthetic, silk and cotton clothing products, China's textile exports accounted for the largest share. In the textile and pharmaceutical industries, vast quantities of inorganic sludge are generated, accumulating and growing algae proliferation, thus affecting aquatic biodiversity and marine life. It is commonly used to break down applications for inorganic sludge and water treatment without harming aquatic wildlife, which could also speed up market share.

Key players operating in the global Iron Chloride market include Asia chemicals, Akzo Nobel Industrial Chemicals, BASF, Basic Chemical Industries, BPS Products, BorsodChem, Chemical Company of Malaysia, Chemifloc, CM Chemicals, Feracid, Feralco, Gulbrandsen, Kemira, Malay Sino Chemicals, National Biochemical, PVS Chemicals, Inc., Saf Sulphur Factory, Sidra Wasserchemie GmbH, and Tessenderlo among others.

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