February 26, 2020
According to the research report titled ‘Fluorosilicic Acid Market Size By Grades (40%, 35%, 25%), By Application (Water Fluoridation, Textile Processing, Metal Surface Treatment, Hydrogen Fluoride, Aluminum Fluoride, Silicofluorides Electroplating, Hide Processing, Oil Well Acidizing), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Denmark, China, India, Japan, Australia, South Korea, Thailand, Malaysia, Brazil, South Africa, Saudi Arabia, UAE), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report, the global fluorosilicic acid market is expected to cross USD 1 billion by the year 2025.
According to the report, growing adoption of fluoridation practice for potable water is a major factor driving the fluorosilicic acid market growth. Regulatory federations across Europe and U.S. are promoting the use of fluorosilicic acid in drinking water in order to avoid dental fluorosis. This factor along with growing demand for clean drinking water are aiding the market expansion.
As per grade, the 40% fluorosilicic acid market segment is expected to exceed USD 620 million by the year 2025. The product is extensively used for splitting bonds of silyl ethers in organic synthesis of hydrogen fluoride, thereby fueling the segmental growth.
Based on the application spectrum, fluorosilicic acid market is categorized into oil well acidizing, hide processing, silicofluorides electroplating, aluminum fluoride, hydrogen fluoride, metal surface treatment, water fluoridation, and textile processing. The report cites that water fluoridation applications of fluorosilicic acid is presumed to expand with a CAGR of 5.5% during the period of 2019-2025. The product is mixed with water to maintain safe fluoride levels, hence making water suitable cooking or drinking purposes.
As per regional analysis, North America fluorosilicic acid industry is expected to grow with a CAGR of 5.5% during 2019-2025. Increasing awareness pertaining to fluorinated water related diseases such as skeletal and dental fluorosis is augmenting the regional demand for the product. On the other hand, fluorosilicic acid in Europe was worth USD 190 million in the year 2018. Strict government regulations pertaining to use of the product in water treatment processes are facilitating the business scenario.
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The prominent companies operating in the fluorosilicic acid market are Fisher Scienfitic, Foshan Nanhai Shuangfu Chemical, IXOM, American Elements, KC Industries, Jiangxi China Fluorine Chemicals, Sigma Aldrich, Napco Chemical Co., Hydrite Chemical Co., VWR, Gelest, Honeywell International, The Mosaic Co., Xinxiang Yellow River Fine Chemicals, and Solvay.