What is Global Iron Chloride Market?
The Global Iron Chloride Market is a vast and dynamic sector that encompasses the production, distribution, and consumption of iron chloride. Iron chloride, also known as ferric chloride, is a chemical compound that is primarily used in water treatment processes. It is also used in various other industries such as metal surface treatment, printed circuit board (PCB) manufacturing, and pigment production. The market for iron chloride is global in nature, with demand stemming from various regions across the world.
Ferric Chloride, Ferrous Chloride, Others in the Global Iron Chloride Market:
Ferric Chloride, Ferrous Chloride, and other types of iron chloride form the product base of the Global Iron Chloride Market. Ferric chloride is the most common type and is widely used in water treatment processes due to its effectiveness in removing impurities. It is also used in the production of printed circuit boards. Ferrous chloride, on the other hand, is used in metal surface treatment processes. It is also used in the production of pigments. Other types of iron chloride have niche applications in various industries. Despite the diversity in product types, the market is dominated by a few major manufacturers who hold a significant share.
Water and Sewage Treatment, Metal Surface Treatment, PCB, Pigment, Others in the Global Iron Chloride Market:
The Global Iron Chloride Market finds its applications in various areas such as Water and Sewage Treatment, Metal Surface Treatment, PCB, Pigment, and others. In water and sewage treatment, iron chloride is used as a coagulant to remove impurities. In metal surface treatment, it is used as a rust remover and to prepare surfaces for painting or other treatments. In the PCB industry, iron chloride is used in the etching process to create circuit patterns. In the pigment industry, it is used in the production of various types of pigments. Despite these diverse applications, the demand for iron chloride is primarily driven by its use in water and sewage treatment.
Global Iron Chloride Market Outlook:
The Global Iron Chloride Market is a robust and growing sector. The market was valued at US$ 448 million in 2022 and is expected to reach US$ 583.5 million by 2029, growing at a compound annual growth rate (CAGR) of 3.8% during the forecast period of 2023-2029. The market is dominated by a few major manufacturers who collectively hold a share of over 65%. In terms of product types, ferric chloride is the largest segment, accounting for about 85% of the market. Despite the presence of other types of iron chloride, ferric chloride continues to be the most sought-after product due to its wide range of applications and effectiveness.
| Report Metric | Details |
| Report Name | Iron Chloride Market |
| Accounted market size in 2022 | US$ 448 in million |
| Forecasted market size in 2029 | US$ 583.5 million |
| CAGR | 3.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Kemira, Tessenderlo, PVS Chemicals, Feralco Group, Chemifloc, SIDRA Wasserchemie, Gulbrandsen, AkzoNobel Industrial Chemicals, BorsodChem, Philbro-Tech, Malay Sino Chemical Industries, Saf Sulphur, Sukha Chemical Industries, BASF, Basic Chemical Industries, Haixin Chemical, Da'an Fine Chemical, Longxiang Chemical, CNSG Anhui Hong Sifang, Si Ruier Environmental echemical, Kunbao Chemical, Zhongzheng Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
