Increasing Governmental Initiatives for Water Treatment to Fuel Growth of Global Polyferric Sulphate and Ferric Sulphate through 2027

Ferric Sulphate and Polyferric Sulphate Market

Due to industrial growth as well as rise in water management regulations in foreseeable future, the demand for polyferric sulphate and ferric sulphate is likely to expand. Future Market Insights has developed a report on global polyferric sulphate and ferric sulphate market over the forecast period (2017-2027). A reporter from FMI has fielded several questions on the basis of presumptive expansion of global polyferric sulphate and ferric sulphate market.

Why do you think polyferric and Ferric Sulphates are experiencing increased demand in the global market?

Typically, the increased rate of global industrialization has resulted in contamination of water. The rising awareness in emerging countries related to the conservation of water and reuse, as well as governments in such countries are enforcing strict regulations for proper treatment of sludge. Thereby, it is necessary for companies to treat sludge before disposal. Polyferric and ferric sulphate works as key water treatment chemical and the demand for it is anticipated to spur in foreseeable future.

How stringent regulations by various governments are fueling growth of the global market?

The domestic and municipal sector is anticipated to showcase attractive index of 5.0 and will be comparatively attractive market segment during assessment period. The segment is anticipated to procure more than one-fourth revenue share of the global market both in terms of volume and value throughout the forecast period. The growth of the segment is attributed to conservation activities by municipal corporation and industrial bodies as well as environmental association. Different regulations have been developed by governmental authorities and environmental agencies that aim to minimize water contamination and conservation of water. Sludge treatment is considered as the integral part of such procedures. Latest sludge and water treatment facilities are anticipated to rise in near future throughout the world that is projected to fuel consumption of sludge treatment chemicals across respective regions. Such trends in the market prevailing the market, domestic and municipal sector is anticipated to reach valuation of more than US$ 140 Mn by 2027-end, witnessing expansion at 5.3% CAGR throughout the assessment period.

What is your take on expansion of market at regional level?

Owing to the growth of major players as well as presence of vast number of companies in the Chinese market, APEJ is anticipated to be the lucrative region for polyferric and ferric sulphate throughout the assessment period. The market in the APEJ region is anticipated to grow at 5.3% CAGR to reach valuation of US$ 160 Mn by 2027-end. Further, Eastern Europe and Latin America other APEJ region are anticipated to be lucrative regions. The report reveals Latin America is estimated to expand at 4.7% CAGR throughout the period of assessment. This growth of the market can be attributed to increasing demand for clean water in Mexico, Brazil as well as other parts of Latin America.

What are the prominent players operating in the global market?

Several market players such as Pencco, Inc., Lubon Industry Co.,Ltd., Altivia Chemicals, LLC, Chemifloc Limited, Kemira Oyj, and Hunan Yide Chemical Co.,Ltd., are found to be largest players contributing more to the growth of global market. On the other hand, Chemtrade Logistics Inc., Airedale Chemical, Clinty Chemicals, BAUMINAS Group, and Henan Aierfuke Co. Ltd. have also consolidated their footprints in the global market in recent past.

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About the Author

Nikhil Kaitwade

With over 8 years of experience in market research and consulting industry, Nikhil has worked on more than 250 research assignments pertaining to chemicals, materials and energy sector. He has worked directly with about 35 reputed companies as lead consultant for plant expansion, product positioning, capacity factor analysis, new market/segment exploration, export market opportunity evaluation and sourcing strategies.

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