Ferric Sulfate Market size is forecast to reach $500 million by 2025, after growing at a CAGR of 5% during 2020-2025. Ferric sulfate is a toxic, non-flammable yellow crystalline solid that is soluble in water. Growing uses of ferric sulfate as a coagulant in the removal of contaminants from wastewater to aid in co-precipitation is driving the growth of ferric sulfate market size. Moreover, Ferric Sulfate is also used in the manufacture of pigments and in pickling baths for aluminum and steel. Accelerating demand of ferric sulfate from textile industries for dyeing and calico printing is also augmenting the growth of the Ferric Sulfate market share. Ferric sulfate is a key raw material to process double distilled water. Use of double distilled water in semiconductors is also anticipated to fuel the ferric sulfate market during the forecast period.
Report Coverage
The report: “Ferric Sulfate Market – Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Ferric Sulfate Industry.
By Oxidizing Agent Type: Chlorine, Nitric Acid, and Hydrogen Peroxide. By Grade: Reagent Grade, Technical Grade, USP Grade, and Others.
By Application: Phosphate Removal, Heavy Metal Removal, Hydrogen Sulfide Control, Coagulant, Oxidizing and Reducing Agent, Mordant, Dentistry and Dermatology, Lime Softening, and Others.
By End-Use Industry: Healthcare, Paper and Pulp, Textile, Oil and Gas, Mining, Chemical Processing, Agrochemical, Metal Forming, Electronics, and Others.
By Geography: North America, South America, Europe, APAC, and RoW.
Key Takeaways
- Increasing adoption of UV technologies and RO filtration hinder the use of ferric sulfate for wastewater treatment.
- In addition, Chinese government ambitious “Made in China 2025” plan to achieve independence from foreign supply for semiconductors and integrated circuits is likely to boost the growth of ferric sulfate market.
- Decline in manufacturing activities globally due to the outbreak of coronavirus has hampered the growth of ferric sulfate market.
Ferric Sulfate Market Segment Analysis Segment Analysis - By Oxidizing Agent Type
Hydrogen Peroxide segment has shown highest CAGR of 7% in the ferric sulfate market during the forecast period owing to the high oxidative power of hydrogen peroxide and its environmentally attractive properties. Ferric sulfate is produced on a large scale by treating sulfuric acid, a hot solution of ferrous sulfate, and an oxidizing agent. Oxidation of ferrous sulfate solution containing sulfuric acid occur in two steps, first with oxygen and then with hydrogen peroxide, to form a ferric sulfate solution. Increasing use of hydrogen peroxide as water disinfection is further fueling the growth of the market.
Ferric Sulfate Market Segment Analysis - By Grade
Based on the grade, reagent grade segment holds the largest share of more than 35% in the ferrite sulfate market. Ferric sulfate of reagent grades are acceptable for medicinal purposes and is suitable for use in many laboratory and analytical applications. However, technical grade ferrite sulfate is not pure enough and contain impurities. Ferric sulfate is widely used as a pulpotomy medicament to control pulpal bleeding, as a hemostatic reagent for restorative dentistry, for post extraction hemorrhage and for per radicular and endodontic surgery. Main function of ferric sulfate is as a hemostatic agent in various medical practices. When ferric sulfate is directly applied on the damaged tissue it forms ferric ion-protein complex which helps in sealing of the damaged vessels. Thus, various applications of ferric sulfate in healthcare is raising the demand for reagent grade ferric sulfate.
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