Increasing need for waste water treatment is driving the sales of ferric sulphate and polyferric sulphate largely. Governments across the world are working towards water reusability. However, non-chemical technologies will pose challenges for the global market growth.
A recent report by Future Market Insights expects a sluggish 3.5% CAGR growth of the global market for ferric sulphate and polyferric sulphate during the period, 2017-2027. Developing convenient and applicable ferric sulphate and polyferric sulphate for the end-users, will be a notable trend influencing the growth of ferric sulphate and polyferric sulphate, in the forthcoming years. The report further provides beneficial landscapes related to the growth of global market for ferric sulphate and polyferric sulphate.
The analysts involved in the development of this report have offered important insights on how global market for ferric sulphate and polyferric sulphate will expand through 2027. In addition, analysts have answered to the major concerns of the industry owners and market viewers.
Why is demand for ferric sulphate and polyferric sulphate increasing in domestic and municipal sector?
Well, there has been increasing efforts by environmental associations, municipal corporations and industry bodies towards water conservation undertakings. Stringent regulations are implemented in order to reduce water pollution and to enable water conservation such as sludge treatment.
What do you think is the main reason behind water contamination? What are governments doing about it?
Increasing industrialization across the globe is significantly responsible for the rising water contamination incidences. Well, governments especially in the developing regions are imposing mandatory regulations for the appropriate treatment of sludge before disposal.
Now that you mentioned about industrialization, can you explain how industries can be beneficial for the global market?
Well, industries are considered as the major source for sludge across the globe. Nearly 40% of the global sludge is sourced from industries. Therefore, there is increasing need for sludge treatment chemicals and even the leading manufacturers are working towards reducing toxicity in industrial sludge.
Can you provide some valuable insights on the regions in the global market?
Of course I can. Well, APEJ is likely to be dominant in the global market during the forecast period due to large presence of manufacturers in the Chinese market. Eastern Europe and Latin America will prove lucrative for the global market in the forthcoming years. Increasing need for clean water in Mexico, Brazil and various other countries in Latin America is driving the demand for ferric sulphate and polyferric sulphate in the region.
According to you, what are the major factors hampering the growth of global market?
Development of non-chemical technologies such as membranes and filters, particularly for the treatment of municipal plants, are likely to hamper the growth of global market for ferric sulphate and polyferric sulphate. Membrane bioreactors also help in reducing tertiary treatment costs. Shifting consumer preference towards sustainable and lower chemical consumption products is expected to significantly impact the global market growth.
Can you enlist the major players in the global market for ferric sulphate and polyferric sulphate?
Yes. Certainly I can. The major players profiled by our analysts include Pencco, Inc., BAUMINAS Group, Kemira Oyj, Clinty Chemicals and Lubon Industry Co., Ltd. By introducing innovative ferric sulphate and polyferric sulphate, the major players are focusing on reaching a competitive edge in the global market for ferric sulphate and polyferric sulphate.
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