About Ferric Chloride
Ferric chloride (FeCl3), also known as iron (III) chloride is used as a coagulant, mostly in the form of liquid (40% solution), in wastewater and sewage water treatment (domestic and industrial). The compound is also used in the manufacturing of PCBs. It has many industrial uses when compared with ferrous chloride (FeCl2), aslo known as Iron (II) chloride.
Ferric chloride is industrially produced by a high-temperature reaction of dry chlorine with scrap iron (direct chlorination). It is also a byproduct of a few chemical and metallurgical processes such as the chlorinating decomposition of iron-bearing ores of oxides.
Technavio’s analysts forecast the ferric chloride market in MENA to grow at a CAGR of 4% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the ferric chloride market in MENA for 2017-2021. To calculate the market size, the report considers the volume.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Ferric Chloride Market in MENA 2017-2021
Technavio recognizes the following companies as the key players in the ferric chloride market in MENA: BCI, ChimiArt, Saf Sulphur Company, and Trizac Abu Dhabi.
Other Prominent Vendors in the market are: BASF, Chemipol, Chemical Company of Malaysia, Kemira, Khushi Chemical, Sukha Chemical Industries, and Tessenderlo Group.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing use of water treatment application. Water treatment is expected to remain a key application for ferric chloride. In this process, wastewater is treated and recycled for industrial, agricultural, and irrigational purposes. The primary phase of water treatment involves the elimination of organic and inorganic solids, oxides of metal and colloidal substances, and impurities like dirt and other suspended particles. It is a hybrid process involving the combination of physical and chemical methods. This step acts as a quality check to ensure the water quality standards obtained from municipalities and fresh water. Water passing through various process systems such as cooling and heating is termed as process water treatment or cooling water treatment. Effluent treatment plants (ETPs) ensure that water released by industries to the environment does not contain any harmful impurities such as heavy metal or their oxides.”
According to the report, one of the major drivers for this market is Growth in industrial sector. The industries using wastewater treatment plants like petrochemicals and refineries are estimated to grow during the forecast period, resulting in an increase in the demand for water treatment chemicals. The manufacturing sector boosts the water treatment industry, and with rapid industrialization in these developing economies, the demand for effluent treatment is expected to increase. Municipalities use ferric chloride to ensure the quality of potable water and treat wastewater before it can either be released into the environment or used for applications rather than consumption and human use. The growing water demand due to the increased economic growth, improvements in the standard of living, and high population growth rate will spur the demand of ferric chloride.
Further, the report states that one of the major factors hindering the growth of this market is Availability of relatively low-cost substitute products. Ferric chloride has been used as an inexpensive alternative to primary coagulants. There are alternate replacements for ferric chloride such as ferric sulfate and aluminum sulfate, which are being used in the market for the application of wastewater treatment. Aluminum coagulants can replace ferric chloride. The aluminum coagulants are comparatively cheaper and easy to handle. The end-users prefer to procure ferric chloride based on the availability and shipping time as transportation plays a crucial role in the overall cost. Among all the commercial coagulants, aluminum and iron-based ones are widely available and most commonly used for water treatment.
BCI, ChimiArt, Saf Sulphur Company, Trizac Abu Dhabi, BASF, Chemipol, Chemical Company of Malaysia, Kemira, Khushi Chemical, Sukha Chemical Industries, and Tessenderlo Group.