+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Ferric Sulfate Market - Forecast (2022 - 2027)

  • PDF Icon


  • 100 Pages
  • February 2022
  • Region: Global
  • IndustryARC
  • ID: 5616322
The Ferric Sulfate Market size is forecast to reach $500 million by 2027, after growing at a CAGR of 5% during 2022-2027. 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 the 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. The 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 (2022-2027)”, 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, the Chinese government ambitious “Made in China 2025” plan to achieve independence from the foreign supply for semiconductors and integrated circuits is likely to boost the growth of the ferric sulfate market.
  • Decline in manufacturing activities globally due to the outbreak of coronavirus has hampered the growth of the ferric sulfate market.

Ferric Sulfate Market Segment Analysis Segment Analysis - By Oxidizing Agent Type

The hydrogen Peroxide segment has shown the 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. The 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, the reagent grade segment holds the largest share of more than 35% in the ferrite sulfate market. Ferric sulfate of reagent grades is 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. The 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 a ferric ion-protein complex which helps in sealing of the damaged vessels. Thus, various applications of ferric sulfate in healthcare are raising the demand for reagent grade ferric sulfate.

Ferric Sulfate Market Segment Analysis - By Application

The coagulant segment holds the largest share of more than 25% in the ferric sulfate market in 2019. The use of ferric sulfate as a coagulant offer various advantages in the removal of fine particles that are very difficult to remove. Ferric sulfates are usually preferred to ferric chloride because the introduction of chlorine ions increases the corrosivity of water. Ferric sulfate, suppresses the zeta potential of the colloidal system to a lower value, so that the colloidal particles will collide and then amalgamate under the influence of slow stirring. Thus, the surging use of ferric sulfate for the treatment of industrial wastes is boosting the growth of the market.

Ferric Sulfate Market Segment Analysis - By End Use Industry

The textile segment holds the largest share of more than 25% in the ferric sulfate market. In textile industries ferric sulfate is extensively used as mordant or dye fixative in textile dyeing and calico printing. Ferric sulfate is also used as a coagulant for the treatment of textile wastewater. An increase in demand for apparel and the expansion of textile industries across the country is also aiding the growth of the market. According to the Indian Brand Equity Foundation (IBEF), India’s textile and apparel exports accounted for US$ 38.70 billion in 2019 and are expected to increase to US$ 82.00 billion by 2021, subsequently augmenting the demand of ferric sulfate for dying and printing purposes.

Ferric Sulfate Market Segment Analysis - Geography

Among the regions, Asia Pacific dominated the ferric sulfate market with a share of more than 40% in 2019, owing to rapid industrialization and treatment of wastewater generated from manufacturing plants. Asia is one of the largest producers of paper and the increase in demand of ferric sulfate as a coagulant from paper industries is boosting the growth of the market. According to the Trade Map, the global import of pulp of wood and cellulose fibers was valued around $ 53,084,971, while china alone imported pulp of $19,240,368 in 2019. Ferric sulfate is also used in herbicide, molluscicide, and other agricultural product constituent. Rapid population growth in nations like China and India results an increase in food demand, significantly raising the demand of ferric sulfate to boost the agricultural output.

Ferric Sulfate Market Drivers

Increasing health concerns and stringent government regulations

Stringent government regulations for the disposal of contaminated water are escalating the use of ferric sulfate in manufacturing industries. For instance, the United States Environmental Protection Agency (EPA) regulates the discharge and treatment of wastewater under the Clean Water Act (CWA). The National Pollutant Discharge Elimination System (NPDES) issues permits to all wastewater dischargers and treatment facilities. In addition, contaminated water also causes severe health problems including diarrhea, cholera, dysentery etc. Thus, increasing health concerns also boosts the growth of the ferric sulfate market. Moreover, the Indian government policies such as the “State Sewerage and Waste Water Policy” which frames guidelines for resource development and management, wastewater collection and treatment, onsite and offsite sanitation may also aid the growth of the ferric sulfate market.

Surging demand of ferric sulfate from metal forming industries

Ferric sulfates are used in pickling baths for aluminum and steel. As pickling remove impurities, such as stains, inorganic contaminants, and rust or scale. Thus, ferric sulfates are widely used for enhancing the properties of aluminum and steel. Whereas, surging construction activities and developing transportation further propel the growth of the metal forming industry, which in turn drive the demand for ferric sulfate. According to the Institution of Civil Engineers (ICE), construction output will grow by 85% to $15.5 trillion worldwide by 2030, further augmenting the demand of ferric sulfate for the pickling process.

Ferric Sulfate Market Challenges

Volatile raw material prices and presence of substitutes for wastewater treatment

The adoption of the U.V technologies and RO water filtration whose purification efficiency is higher than ferric sulfate hampers the growth of ferric sulfate market. The U.V and RO filters not only eliminates the suspended particles but also remove the harmful bacteria and pathogens. Although ferric sulfates are widely used in industries for effluent water treatment processes in solid removal, water clarification, lime softening, sludge thickening, and solids dewatering, but the cost of raw material and the need for accurate dosing of ferric sulfate and frequent monitoring is a major challenge. For instance, in October 2019, Arkema has raised the price for its hydrogen peroxide range by $ 33.65/DMT to cover increasing electricity and labor costs. Whereas, Solvay raised the prices in September 2018 by $155 per dry metric ton in Europe for all hydrogen peroxide grades and derivatives.

Emergence of COVID-19

The outbreak of COVID-19 has slowed the growth of the ferric sulfate market. Lack of manpower has led many manufacturing companies to stop their production which further results in their downfall. Electronic, metal forming, and textile industries are facing huge losses. Ferric sulfate is used in the processing of double distilled water, which is widely used in the semiconductor industry. A decrease in purchasing capital lowered the sales of electronic equipment. According to the Indian Cellular & Electronic Association of India, the shutdown would lead to a lack of $1,309.2 Mn to $1,963.8 Mn in 2020, which in turn hampered the growth of the ferric sulfate market.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the ferric sulfate market report. In 2019, the market of ferric sulfate has been consolidated by the top 10 companies accounting for xx% of the share. Major players in the ferric sulfate market are Pennco, Inc., Altivia Chemicals LLC, Kemira Oyj, Hunan Yide Chemical Co., Ltd., Hawkins, Inc., Sigma-Aldrich, The Chemical Company, Thermo Fisher Scientific Inc., Beijin Ouhe Technology Co Ltd., and Adamas Reagent, Ltd., among others.

Acquisitions/Technology Launches

  • In October 2019, Kemira Oyj has expanded its ferric sulfate water treatment chemicals production line in Goole, UK. This further help the company to meet the growing demand for coagulants used in water treatment, driven by stricter regulation regarding like phosphorus removal.

This product will be delivered within 2 business days.

Table of Contents

1. Ferrite Sulfate Market - Market Overview
1.1 Definitions and Scope
2. Ferrite Sulfate Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Oxidizing Agent Type
2.3 Key Trends by Grade
2.4 Key Trends by Application
2.5 Key Trends by End-Use Industry
2.6 Key Trends by Geography
3. Ferrite Sulfate Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Ferrite Sulfate Market - Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Market Opportunities
4.4 Porters five force model
4.4.1 Bargaining power of suppliers
4.4.2 Bargaining powers of customers
4.4.3 Threat of new entrants
4.4.4 Rivalry among existing players
4.4.5 Threat of substitutes
5. Ferrite Sulfate Market -Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Market life cycle
5.4 Suppliers and distributors Analysis
6. Ferrite Sulfate Market - By Oxidizing Agent Type (Market Size - $Million)
6.1 Chlorine
6.2 Nitric Acid
6.3 Hydrogen Peroxide
7. Ferrite Sulfate Market - By Grade (Market Size - $Million)
7.1 Reagent Grade
7.2 Technical Grade
7.3 USP Grade
7.4 Others
8. Ferrite Sulfate Market - By Application (Market Size - $Million)
8.1 Phosphate Removal
8.2 Heavy Metal Removal
8.3 Hydrogen Sulfide Control
8.4 Coagulant
8.5 Oxidizing and Reducing Agent
8.6 Mordant
8.7 Dentistry and Dermatology
8.8 Lime Softening
8.9 Others
9. Ferrite Sulfate Market- By End Use Industry (Market Size - $Million)
9.1 Healthcare
9.2 Paper and Pulp
9.3 Textile
9.4 Oil and Gas
9.5 Mining
9.6 Chemical Processing
9.7 Agrochemical
9.8 Metal Forming
9.9 Electronics
9.10 Others
10. Ferrite Sulfate Market - By Geography (Market Size -$Million)
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.1.3 Mexico
10.2 South America
10.2.1 Brazil
10.2.2 Argentina
10.2.3 Colombia
10.2.4 Chile
10.2.5 Rest of South America
10.3 Europe
10.3.1 U.K
10.3.2 Germany
10.3.3 Italy
10.3.4 France
10.3.5 Russia
10.3.6 Spain
10.3.7 Netherland
10.3.8 Belgium
10.3.9 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia & New Zealand
10.4.6 Rest of Asia Pacific
10.5 RoW
10.5.1 Middle East Saudi Arabia UAE Israel Rest of Middle East
10.5.2 Africa South Africa Nigeria Rest of Africa
11. Ferrite Sulfate Market- Entropy
11.1 New Product Launches
11.2 M&A’s, Collaborations, JVs and Partnerships
12. Ferrite Sulfate Market Company Analysis
12.1 Market Share, Company Revenue, Products, M&A, Developments
12.2 Company 1
12.3 Company 2
12.4 Company 3
12.5 Company 4
12.6 Company 5
12.7 Company 6
12.8 Company 7
12.9 Company 8
12.10 Company 9
12.11 Company 10 and more