Fluorosilicic Acid Market by Application and Geography - Global Forecast and Analysis 2019-2023
Global Fluorosilicic Acid Market: About this market
Technavio’s fluorosilicic acid market analysis considers sales from water fluoridation, chemical manufacturing, metal surface treatment, and electroplating, hide processing, and others. Our analysis also considers the sales of fluorosilicic acid in APAC, Europe, North America, South America, and MEA. In 2018, the water fluoridation segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing use of fluorosilicic acid in water fluoridation application will play a significant role in water fluoridation segment to maintain its market position. Also, our global fluorosilicic acid market report looks at factors such as rising demand for water fluoridation, growth of oil and gas industry, and increasing demand for wood preservation. However, uncertainties in the health hazards associated with fluorosilicic acid, the slowdown of the manufacturing sector in China, and adoption of renewable and non-combustible energy sources may hamper the growth of the fluorosilicic acid industry over the forecast period.
Global Fluorosilicic Acid Market: Overview
Rising demand for water fluoridation
Fluorosilicic acid is predominantly used in water fluoridation process as a fluoride additive. A controlled level of fluoride in water prevents cavities and tooth decay. Hence, several regulatory bodies and dental associations recommend water fluoridation to prevent tooth cavities. This will lead to the expansion of the global fluorosilicic acid market at a CAGR of over 6% during the forecast period.
Increasing adoption of etched glass products
The growing demand for glass has also boosted the demand for etched glass in the building and construction industry. Etched glass enhances the appearance of the surroundings when combined with artificial lighting systems. Fluorosilicic acid is widely used as an abrasive compound in the glass industry for glass etching applications. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global fluorosilicic acid market during the forecast period 2019-2023, click here.
With the presence of several major players, the global fluorosilicic acid market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fluorosilicic acid manufacturers, that American Elements, Honeywell International Inc., NAPCO Chemical Co. Inc., Solvay SA, The Mosaic Co.
Also, the fluorosilicic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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