According to Future Market Insights (FMI), the ferric sulphate and polyferric sulphate market is expected to rise steadily, with a 4.4% year-over-year increase in 2022. By the end of that year, the market is estimated to be valued approximately US$ 425.7 million. FMI predicts continued growth, with the global market valued at US$ 526.7 million by the end of the projected period. The strong growth trajectory is being driven by rising demand for water treatment solutions in both the municipal and industrial sectors. Furthermore, advancements in manufacturing techniques and growing awareness of environmental sustainability are projected to drive market expansion.
Ferric Sulphate and Polyferric Sulphate are chemical compounds used in a wide range of industries and water treatment applications. These iron-based coagulants have risen in popularity due to their efficacy and low cost. Demand for these compounds is expected to soar in the coming years as global concerns about water quality and pollution develop.
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Ferric Sulphate (Fe2(SO4)3) and Polyferric Sulphate (PFS) are iron-based coagulants used primarily in water treatment processes. They are derived from iron-rich ores and are widely available as either liquid or solid forms. These compounds are known for their excellent coagulation and flocculation properties, making them highly effective in removing impurities, suspended particles, and contaminants from water.
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.
- Airedale Chemical
- BAUMINAS Group
Key Segmentation
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 over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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