April 27, 2022
According to the research report titled ‘Fluorosilicic Acid Market Size, Share and Industry Analysis Report by Grade (40%, 35%, 25%) and Application (Water Fluoridation, Textile Processing, Metal Surface Treatment, Hydrogen Fluoride, Aluminium Fluoride, Silicofluoride, Electroplating, Hide Processing, Oil Well Acidizing), Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027,’ available with MarketStudyReport, global fluorosilicic acid market is slated to garner substantial returns during 2021-2027.
Widespread application of product in dental medication, rising demand for fluoridation of drinking water due to surface & groundwater contamination, and flourishing textile sector are pushing the growth curve of global fluorosilicic acid industry.
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For the unaware, fluorosilicic acid is a colorless chemical used in metal sterilization, electroplating, and others. It has sharp unpleasant odor. Surging product usage for adjustment in pH levels particularly in laundries & industrial textiles is further enhancing the scope of business sphere.
On the contrary, the corrosive nature and fuming property of product is likely to hamper the progress of market during the forecast period.
Based on application realm, the silicofluoride segment is anticipated to develop at 8.5% CAGR during the analysis period. Whereas the metal surface treatment vertical is estimated to progress at 8% CAGR amassing notable valuation by the end of the projected timeframe.
In terms of grade, global fluorosilicic acid market is categorized into 25%, 35%, and 40%.
Concerning the geographical outlook, Latin America market is poised to expand at 9% CAGR during the assessment timeframe. Meanwhile, Middle East & Africa industry is predicted to garner a substantial valuation growing at a 6.5% CAGR through 2027.
The key players in worldwide fluorosilicic acid market include Derivados Del Fluor (DDF) S.A., Solvay S.A., Merck KGaA, American Elements, Inc., Haihang Industry Co., Ltd., Honeywell International, Inc., Lanxess AG, Gelest, Inc., Fluorchemie Group, Xinxiang Yellow River Fine Chemicals Co., Ltd., Hawkins, Inc., Hydrite Chemical Co., Foshan Nanhai Shuangfu Chemicals Co., Ltd., Napco Chemical Company, and IXOM PTY Ltd. among others.