According to Future Market Insights (FMI), the ferric sulphate and polyferric sulphate market is estimated to experience a year-over-year growth of 4.4% in 2022, reaching approximately USD 425.7 million by the end of the year. The global market is further projected to attain a value of USD 526.7 million by the end of the forecast period.
The increasing demand for polyferric sulphate and ferric sulphate is driven by industrial growth worldwide and stricter water management regulations. These insights are detailed in a new research report by Future Market Insights, titled ‘Ferric Sulphate and Polyferric Sulphate Market: Global Industry Analysis 2012–2021 and Opportunity Assessment 2022–2027.’ The report provides a comprehensive overview of the market scenario for these iron-based coagulants, highlighting the key factors influencing their growth and identifying the most lucrative regional markets.
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According to the key outcomes of this research on the ferric and polyferric sulphate market, the high rate of global industrialisation is resulting in an increase in water contamination. With the increasing awareness in developing countries about water conservation and reuse, governments in these economies are enforcing stringent regulations for proper treatment of sludge.
As a result, it has been made mandatory for industries to treat sludge before disposal. Ferric and polyferric sulphate works as a major water treatment chemical and growth in demand is expected to spur in the near future.
Municipal and Domestic to be Dominating End Use Sector
The Municipal & 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 over 25% market share both in terms of value and volume during the forecast period.
This is a result of increasing efforts towards water conservation activities by industry bodies, municipal corporations and environmental associations. Various regulations have been formed by environmental agencies and government authorities, which aim to achieve water conservation and reduce water pollution.
Sludge treatment is an integral part of such activities. During the forecast period, new water and sludge treatment facilities are expected to come up across the globe, which is anticipated to drive the consumption of sludge treatment chemicals across respective regions. With such trends prevailing in the world, the municipal and domestic sector is expected to reach a market value of over US$ 526.7 Mn by the end of 2027, growing at a CAGR of 4.4% during the forecast period.
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APEJ and Latin America to Closely Compete in Terms of Growth Rate
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 forecast period. APEJ is expected to witness the largest market size of over US$ 160 Mn by the end of 2027, growing at a CAGR of 5.3% during the forecast period.
Other than APEJ, Latin America and Eastern Europe are also expected to be lucrative regions with Latin America CAGR by Value 4.5%. This growth can be attributed to the rising demand for clean water in Brazil, Mexico and other parts of Latin America.
Competitive Landscape
Some of the key 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 Chemicals, Henan Aierfuke Co. Ltd., BAUMINAS Group, Airedale Chemical etc.
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Ferric sulphate and polyferric sulphateMarket by Category
By Product Type:
- Ferric Sulphate
- Poly Ferric Sulphate
By End Use:
- Municipal & Domestic
- Power Generation
- Oil & Gas
- Chemicals
- Mineral & Metallurgy
- Food & Beverages
- Pulp & Paper
- Others
By Region:
- North America
- Latin America
- Estern Europe
- Western Europe
- APEJ
- Japan
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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