Ferric hydroxide, also known as iron hydroxide, is an inorganic compound that is a useful coagulant for clarifying wastewater. It efficiently removes harmful pollutants such as phosphorus, arsenic, and heavy metals from wastewater. The growing consumption of treated water and the stringent regulations regarding wastewater disposal have increased the demand for ferric hydroxide from wastewater treatment plants. The global Ferric Hydroxide Market is estimated to be valued at US$ 3.6 Bn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising demand from wastewater treatment plants has accelerated the growth of the ferric hydroxide market over the past few years. Wastewater treatment plants extensively use ferric hydroxide as a coagulant to remove impurities from industrial and municipal wastewater before disposal. Stringent regulatory norms regarding wastewater quality have compelled industries and municipalities to invest heavily in wastewater treatment infrastructures. This has significantly driven the consumption of ferric hydroxide, considering its efficiency and cost-effectiveness in wastewater treatment applications. The growing industrialization and urbanization in developing regions have also augmented the volume of wastewater, thereby further stimulating the demand.

Segment Analysis

The global ferric hydroxide market is dominated by the wastewater treatment segment. Ferric hydroxide is extensively used as a coagulant in wastewater treatment plants for removal of phosphorus and reduction of turbidity. It forms a flock with phosphorus and suspends it for easy removal. This helps wastewater treatment plants meet stringent discharge standards. Other segments like potable water treatment and nutraceuticals also use ferric hydroxide but account for a much smaller share of the overall market.

Key Takeaways

The Global Ferric Hydroxide Market Share is expected to witness high growth over the forecast period of 2023 to 2030.

North America currently dominates the market owing to stringent environmental regulations regarding wastewater treatment and fresh water abstraction. The region is expected to remain the fastest growing as well due to continual investments in upgrading existing wastewater infrastructure.

Key players operating in the ferric hydroxide market are Kemira, Tessenderlo Group, PVS Chemicals, and BPS Gelatins. Kemira is the largest producer and supplier of ferric hydroxide globally with over 20 manufacturing facilities worldwide. Its customized ferric hydroxide products have made it the supplier of choice for large municipal water utilities across regions. Tessenderlo Group produces ferric hydroxide under the brand FLOCOR and has a sizable market share in Europe and South America.

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https://www.newswirestats.com/ferric-hydroxide-market-size-share-growth-outlook-2023/

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