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Ferric Sulfate and Polyferric Sulfate Market to Reach USD 716.8 Million by 2034, Driven by Rising Demand for Clean Water and Industrial Growth | Future Market Insights, Inc.

Growing demand of ferric sulphate and polyferric sulphate in several end use sector like waste water treatment, power generation, oil & gas, chemicals and mineral & metallurgy and many others are anticipated to bolster the consumption rate in the coming years. Considering this, FMI has projected the global ferric sulphate and polyferric sulphate sales to grow with a growth rate of 4.4% over the coming assessment period.

NEWARK, DE / ACCESSWIRE / December 10, 2024 / The global ferric sulfate and polyferric sulfate market is set to experience steady growth, with its value anticipated to rise at a CAGR of 4.4% over the forecast period from 2024 to 2034. The market is projected to expand from USD 464.1 million in 2024 to an impressive USD 716.8 million by 2034. This growth is driven by rising demand for efficient water treatment solutions, increasing industrial applications, and stringent environmental regulations mandating wastewater management. Emerging economies, with rapid urbanization and infrastructure development, are expected to play a pivotal role in fueling market expansion.

Significant development in the industrial sector in the past decade has boosted the demand for the sulphate compounds. End use Industries are shifting from aluminum-based coagulants to iron-based coagulants, especially to Ferric sulphate, for better sludge and odder removal. For instance, the City of Greensboro Water Supply Division has shifted from primary coagulants to ferric sulphate coagulants to remove organic raw materials from water.

The increase in the number of industries globally, especially in the emerging economies of Asia and Middle East, will lead to an increase in sludge production from the industrial sector. This is boosting the demand for sludge treatment chemicals. All these factors are expected to bolster the consumption rate of the sulphate compounds in the coming years.

Over the recent past, there has been a significant rise in demand for the petrochemical as well as petroleum products owing to which several manufacturers have increased their refinery capacity to cater to the demand. Increase in capacity of petroleum refineries coupled with rise in demand for petrochemical products will in turn result in an increase in demand for ferric sulphate and polyferric sulphate.

Market Growth Drivers

  • Rising Demand for Water Treatment: The growing need for clean water across municipalities and industries is the primary driver of market demand.

  • Industrial Applications: Expanding industries such as paper and pulp, and textile manufacturing, are significant consumers of ferric and polyferric sulfate.

  • Environmental Regulations: Stringent regulations on wastewater treatment and disposal encourage the adoption of advanced coagulation technologies, boosting market growth.

  • Global Infrastructure Development: Investments in infrastructure, particularly in emerging economies, drive the need for water purification and wastewater management.

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Trends and Opportunities

  • Eco-Friendly Solutions: The industry is shifting toward environmentally sustainable water treatment chemicals, fostering innovation in ferric sulfate formulations.

  • Increased Adoption in Developing Economies: Rapid urbanization and industrialization in Asia-Pacific, Latin America, and Africa present significant growth opportunities.

  • Technological Advancements: Improved manufacturing techniques and product quality are enhancing market competitiveness.

Key Takeaways

  • The market for ferric sulfate and polyferric sulfate is driven by increasing demand for water treatment solutions and industrial applications.

  • Stringent environmental regulations are boosting the adoption of advanced coagulation and flocculation agents.

  • Emerging markets present significant growth potential due to infrastructure and urban development.

  • Eco-friendly and innovative product formulations are gaining traction in the market.

  • Technological advancements in production methods are improving product efficiency and cost-effectiveness.

"The Ferric Sulfate and Polyferric Sulfate market is poised for sustained growth as water scarcity and environmental concerns drive demand for efficient treatment solutions. With robust opportunities in emerging economies and the ongoing shift toward eco-friendly formulations, market players must focus on innovation and strategic expansion to remain competitive."says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Does Developing Countries with Lack of Sludge Treatment Capacities can create Significant Growth Opportunities for the Market?

With the increasing awareness in developing countries about water conservation and reuse, governments in these countries are enforcing stringent regulations for proper treatment of sludge. As a result, it has been made mandatory for industries to treat sludge before disposal. Also, there is a lack of amenities for the treatment of sludge in these countries

For instance, according to a report by Central Pollution Control Board, out of the total sewage generated, the total capacity for treating sludge is just 45%. Thus, there is huge scope for the establishment of wastewater treatment plants, thereby fueling the consumption of ferric sulphate and polyferric sulphate.

Increasing efforts towards Water Conservation to bolster the Demand of the Sulphate Compounds

From the past several years, fresh water availability has been decreased significantly all over the globe. In addition, water pollution also remain a key concern owing to increase in domestic, municipal as well as industrial waste disposal in fresh water stream. Furthermore, industrialization has, in turn, resulted in a significant increase in the volume of Wastewater generated, especially, from effluents treatment plants energy & power generation, municipal water and many other industries.

Various regulations have been formed by environmental agencies and government authorities, which aim to achieve water conservation and reduce water pollution. Sludge treatment is an integral part of such activities. During the forecast period, new water and sludge treatment facilities are expected to come up across the globe, which is anticipated to drive the consumption of sludge treatment chemicals across respective regions

Unlike certain developed nations, like U.S., Canada and some countries in Western Europe, a key share of the overall wastewater generated is released untreated into public water sources. However, standards, regulations and restrictions for these practices are anticipated to result in the development of several new water treatment facilities across developing countries. This in turn, is expected to drive consumption of ferric sulphate and polyferric sulphate across respective regions.

Regional Analysis of the Ferric Sulfate and Polyferric Sulfate Market

Countries

CAGR 2024 to 2034

United States

2.5%

United Kingdom

1.7%

China

5%

Japan

1.9%

India

6.6%

  • North America: The North American market for ferric sulfate and polyferric sulfate is driven by advanced infrastructure in water treatment plants and strong regulatory frameworks for wastewater management. The region is expected to maintain steady growth, especially with increasing focus on industrial water treatment solutions.

  • Europe: Europe, known for stringent environmental regulations, continues to be a significant consumer of ferric sulfate and polyferric sulfate. The region is also exploring more sustainable and efficient water treatment solutions, which creates new growth opportunities for these products.

  • Asia Pacific: The Asia Pacific region is the largest and fastest-growing market for ferric sulfate and polyferric sulfate, primarily due to rapid industrialization, urbanization, and population growth. Countries like China, India, and Japan are major consumers, with increasing investments in wastewater treatment and mining industries.

  • Latin America: Latin America is witnessing steady growth in demand for ferric sulfate and polyferric sulfate, driven by the increasing industrial activities and regulatory pressure on wastewater treatment. Brazil and Mexico are key markets, with expanding water management projects.

  • Middle East and Africa: The Middle East and Africa region is seeing increasing investments in water infrastructure and wastewater management due to the region's water scarcity challenges. This presents a substantial opportunity for the market, especially in areas with large-scale industrial operations.

Category-wise Insights

Which Product Type of Bromine to Witness a Considerable Growth in near future?

Coagulants are the chemical substances used for the primary treatment of sludge. These chemicals destabilize the particles by neutralizing the charge on the particle with opposite charges to those of the suspended solids. In terms of value, the ferric sulphate segment is anticipated to remain a key product type in the global market. The demand for ferric sulphate is expected to remain high due to the fact that there are relatively higher number of manufacturers which provide ferric sulphate in comparison to the manufacturers of polyferric sulphate.

Ferric sulphate is preferred over other coagulants as it easily removes arsenal and is affordable and highly versatile. It also exhibits lower efficiency dosage, better settling behavior, lower toxicity, etc. By analysis all these facts the segment is estimated to reach a value of US$ 455.7 Mn by the end of the forecast period.

Which End Use Industry to Significantly Consume Ferric Sulphate and Polyferric Sulphate over the Forecast Period?

Asian countries are estimated to emerge as hubs for companies in the manufacturing, food & beverage, paper & pulp and oil & gas sectors and for metallurgical plants refineries. All said industries generate a huge amount of wastewater. Thus, in order to treat the wastewater before discharge, companies employ the use of various water treatment chemicals, in which coagulants are estimated to hold the major share.

The municipal and domestic segment is anticipated to account for more than 26% share for the consumption of the sulphates compound all over the globe. Significant increase in the per capita consumption of water for domestic purpose is expected to remain one of the key growth driver for the prominency of the segment.

Old Source:https://www.prnewswire.com/news-releases/ferric-sulphate-and-polyferric-sulphate-market-to-reach-us-4557-mn-by-the-end-of-2027-676371493.html

Leading Ferric Sulfate and Polyferric Sulfate Brands

  • Pencco, Inc.

  • Altivia Chemicals, LLC

  • Kemira Oyj

  • Chemifloc Limited

  • Hunan Yide Chemical Co., Ltd.

  • Lubon Industry Co., Ltd.

  • Chemtrade Logistics Inc.

  • Clinty Chemicals

  • Henan Aierfuke Co. Ltd.

  • Airedale Chemical

  • BAUMINAS Group

Key Segments of Market Report

By Product Type:

As per product types, the industry has been categorized into ferric sulfate and polyferric sulfate.

By End-use:

Based on end-use, the sector is segmented into power generation, oil and gas, chemicals, mineral and metallurgy, food and beverages, pulp and paper, municipal and domestic, and others.

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia, East Asia, and the Middle East and Africa.

Authored By

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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