Ferric sulfate helps in the removal of any presence of various harmful chemicals and suspended particles in the water to make it suitable for consumption. It is used to coagulate contaminants present in the water and make it safe for consumption. Another important application of ferric sulfate is the growing semiconductors industry where double distilled water is used. Ferric sulfate is a key raw material to process double distilled water. The growing demand for electronics and microchips industry is driving the market for ferric sulfate during the forecast period. The major restraint for the market are the handling concerns owing to its highly acidic nature. It causes severe burns on the skin if it comes in contact. Thus, the storage and handling of ferric sulfate has to be conducted with extreme care. The growing economic activities in emerging nations is expected to present new opportunities for the market. It can also be used as an alternative to aluminum salts for water purification. This is projected to increase the demand for ferric sulfate in waste water treatment during the forecast period.
This report identifies the global Ferric Sulfate market size for the year 2014-2016 and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects with respect to global Ferric Sulfate market.
Geographically, an increasing population in Asia Pacific is driving the market for Ferric Sulfate. Asia Pacific is estimated to be the largest market for ferric sulfate. Europe is estimated to witness the highest growth during the forecast period owing to stringent government regulations.
This report segments Ferric Sulfate market on the basis of application and regional market as follows:
- Ferric Sulfate Market, by Application: Water Treatment, Electronics, Healthcare and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) covering all the major country level markets in each of the region.
Sample Companies Profiled in this Report are:
- Alfa Aesar
- Beijin Ouhe Technology Co Ltd
- Chengdu XiYa Chemical Technology Co Ltd