According to the report titled ‘MEA Ferric Chloride Market Size By Form (Powder, Liquid, Lumps) By Application (Potable Water, Industrial Wastewater, Municipal Waste Water, Specialty Pigment, Electronic Etchants, Chemical Intermediate, Metal Surface Treatments, Others), By End-Use (Waste Water Treatment, Pharmaceuticals, Chemical, Electronics, Metals & Metallurgy, Others) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026,’ available with MarketStudyReport, MEA ferric chloride market is expected to garner substantial returns during the period 2020-2026.
 

The rising demand from wastewater facilities, coupled with strict norms for the treatment of sewage water & industrial waste are factors catalyzing the growth of MEA ferric chloride market.

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For the uninitiated, ferric chloride is a soluble and noncombustible compound that is used for purifying the contaminated water. The product usage as feed additive for horses, chemical catalyst, and metal etchant is augmenting the industry outlook.

Despite the optimistic outlook, the threat from substitute chemicals for water treatment is likely to hinder the industry development during the review period.

In terms of form, the lump segment is anticipated to register a 5.6% CAGR during the analysis period.

Concerning the application spectrum, the specialty pigment vertical is projected to grow at 6.8% CAGR during the forecast period. Meanwhile, metal surface treatment application segment was worth USD 12 million in 2020 and is poised grow substantially through 2026.  

Based on end-use, the metal & metallurgy vertical is estimated to amass a valuation of USD 18 million by 2026.

Speaking of the regional terrain, Africa market is poised to expand at 7.5% CAGR during the assessment timeframe. 

The competitive landscape of MEA ferric chloride market is defined by companies such as Tessenderlo Group, BASF SE, Sidra Wasserchemie GmbH, Basic Chemical Industries, Saf Sulphur Company, Chemifloc Ltd., PVS Technologies, Inc., ChimiArt, Nouryon (formerly AkzoNobel Specialty Chemicals), Seqens Group Holding, Misr Chemical Industries Company S.A.E, Feralco AB, Malay-Sino Chemical Industries SDN BHD, Horizon Chemicals, and Kemira Oyj among others.