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Ferric Sulphate and Polyferric Sulphate Market size is estimated to reach US$753.4 million by 2027 after growing at a CAGR of 4.5% from 2022-2027. Ferric sulphate is a mineral salt and polyferric sulphate, a derivative of ferric sulphate which is a macromolecular polymer. Both the chemical compounds are inorganic and are iron-based coagulants. These compounds are used in textile dyeing & printing, as a hemostatic agent in dentistry, for controlling bleeding during surgery and ferric sulphate crystals made by scanning electron microscopy are used in polishing jewelry. The products were characterized by scanning electron microscopy and Fourier transform infrared spectroscopy. The main use of these compounds is in water purification and sewage treatment, as the synergistic effect of these sulphate reduces bacteria formation in water. The drivers for the ferric sulphate and polyferric sulphate market are advancements in water treatment technologies, surging demand for sulphate in the metal forming sector and growing awareness regarding water pollution. The costly nature of the water treatment process on account of using high tech equipment can sometimes leads to less chemical usage in them, to reduce the overall input cost. This can hamper the usage of coagulants used in water treatment plants especially in the least developed nations like in Africa, thereby harming the usage of coagulants like ferric sulphate and polyferric sulphate in these regions.
Polyferric sulphate as a coagulant is used mainly in water treatment while ferric sulphate besides being used in water treatment has other applications like in the textile sector it is used for dying, calico printing and in dentistry, it is used in pulpotomy medicament. To prevent the spreading of COVID-19, the lockdown, quarantining and other restrictions on the movement of people and raw material imposed by the governments of countries negatively impacted the functioning of the textile, agriculture sectors. For instance, as per European Union reports the production and retail sales of apparel & clothing items in Q3 of 2020 for EU countries dropped by 15% & 9.4% for clothing and 7% & 9.7% for textiles. In the 2020 report by American Dental Association, the dental practice revenue in the US decreased to 6% as average production for practices was down by 3.1% in 2020 compared to 2019. Moreover, as per the Department of Environment, Food and Rural Affairs in 2021 there was a shortage of availability of ferric sulphate for wastewater treatment in the UK due to restrictions in raw material movement. Such a decrease in productivity and shortage of supplies in major end-user of ferric and poly ferric sulphate negatively impacted their market.
Ferric Sulphate and Polyferric Sulphate Market Segment – By Product
Ferric sulphate held the largest share in ferric sulphate and polyferric sulphate market in 2021, with a share of over 30%. Ferric sulphate is used in skincare products due to its styptic properties and in the textile sector, it is used for dying & calico printing of fabrics. The growing production output and developments in these sectors will have a positive impact on the demand for ferric sulphate. For instance, as per the U.S Bureau of Economic Analysis, the output of textile manufacturing in the US in 2019 was US$18.79 billion which was 23.8% more from 2009. Also, as per the Personal Care Association of Europe, in 2020 the skincare products with US$23.74 billion value, held the maximum share of the European cosmetics market. Such an increase in the output of skincare and textiles products will increase the demand for raw materials like ferric sulphate to be used in them, thereby having a positive impact on ferric sulphate and polyferric sulphate industry.
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Ferric Sulphate and Polyferric Sulphate Market Segment – By Process
Oxidation held the largest share in ferric sulphate and polyferric sulphate market in 2021, with a share of over 35%. Ferric sulphate is produced on large scale by treating sulfuric acid, a hot solution of ferrous sulphate and on oxidizing agents such as chlorine, nitric acid and hydrogen peroxide. The advantage of such a method is that it is less expensive than the pickling process and the ferric sulphate produced by this method has a high oxidation state. Hence, the iron alums and others ferric compounds produced by this oxidation method have various industrial applications such as coagulant in water purification and sewage treatment and as a fixative in textile dyeing and printing. Hence, for such unique properties, the oxidation method is majorly used for preparing coagulants like ferric sulphate and as a chemical process, it has high significance in the ferric sulphate and poly ferric sulphate industry.
Ferric Sulphate and Polyferric Sulphate Market Segment – By Application
Water treatment held the largest share in ferric sulphate and polyferric sulphate market in 2021, with a share of over 30%. Ferric and polyferric sulphate as coagulants are used in water treatments for decolorizing, purifying and reducing the pollutants from industrial or municipal wastewater. Hence the coagulant inhibits corrosion by controlling the formation of hydrogen sulphide. The increase in investments and treatment capacity of wastewater plants in major countries has positively impacted the usage of coagulants in the water treatment process. For instance, in 2021 Egypt inaugurated the world’s largest wastewater treatment plant Bahr-El-Baqar 2021 valuing US$1.14 billion that has a capacity of daily treating 5.6 million cubic meters of wastewater. Also, the total number of wastewater treatment plants in Egypt was 480 shows a 60% increase in number compared to 2014. Moreover, the European Bank for Reconstruction and Development and European Investment bank jointly invested US$20 million in the construction of a new wastewater treatment plant in Kosovo. Such an increase in investments and treatment capacity will increase the demand for coagulants like polyferric and ferric sulphate used in the water treatment process, thereby positively impacting the growth of ferric sulphate and polyferric sulphate industry.
Ferric Sulphate and Polyferric Sulphate Market Segment – By End User
The automotive segment held the largest share in ferric sulphate and polyferric market in 2021, with a share of over 28%. Polyferric and ferric sulphate is mainly used as a coagulant for sludges which is a hazardous byproduct made during wastewater treatment. The manufacturing sector like automotive is the major wastewater producer on account of using heavy chemicals, and the paint sludge created during the painting process is the primary source of hazardous waste in the automotive sector. The amount of paint sludge created in the automotive sector is increasing year by year on account of the growing volume of car production. For instance, as per European Automobile Manufacturers Association, the production and registration of passenger cars in the EU increased by 53.4% in 2021. Also, as per the International Organization of Motor Vehicle Production, the global motor vehicle production from January to September 2021 was 57.2 million units compared to 52.1 million units last year for the same period, hence showing an increase of 9.7%. The growing global production of automotive vehicles will lead to an increase in the usage of coagulants like ferric and polyferric sulphate for paint sludge treatment. Hence, this will majorly boost the growth of ferric sulphate and polyferric sulphate industry.
Ferric Sulphate and Polyferric Sulphate Market Segment – By Geography
Asia-Pacific held the largest share in ferric sulphate and polyferric sulphate market in 2021, with a share of over 41%. The rapid industrialization in sectors like paper and textiles in countries like India, Japan, China and the increase in water treatment capacity in major economies like China has driven the demand for ferric and polyferric sulphate in these regions. For instance, as per the Ministry of Textiles, total cloth production in India was increased by 9% during April-Jan 2020, and cloth production in the decentralized sector was increased by 9% in 2020. The 2020 report of the National Bureau of Statistics of China stated that country installed 39000 new wastewater treatment facilities in 2020 and has invested US$81.6 billion in its municipal wastewater system, new treatment facilities, rainwater-sewage diversion systems, sludge mitigation showing a massive increase in investment in water treatment in past five years. Polyferric and ferric sulphate is majorly used in water treatment as coagulants and ferric sulphate along with wastewater treatment is also used for dying and printing purposes in the textile sector. Growing water treatment capacity and textile production in such countries will increase the demand for ferric and polyferric sulphate in the Asia-Pacific region.
Ferric Sulphate and Polyferric Sulphate Market Drivers
New Technologies used in water treatment
Water treatment technologies are an essential line of defense for the removal of micro-parasite and other contaminant bacteria before delivering clean potable water for consumption. Hence the introduction of new water treatment technologies and solutions in the market has made the process of water treatment more efficient. For instance, in 2021 the capacitive deionization technology developed by the Chinese Academy of Sciences uses high selective Pseudocapacitive electrode which has high absorption capacity, selectivity, and stability. Hence such technology increases the efficiency in hard water softening. The introduction of such new technologies will make more efficient use of coagulants like ferric and polyferric sulphate during the water purification process, thereby having a positive impact on the demand for ferric and polyferric sulphate in water treatments.
Surging demand for ferric sulphate by the metal manufacturing sector
Ferric sulphate as a coagulant can efficiently remove impurities such as stains, inorganic contaminants, rust and scale etc. For such unique nature, it is used in the metal forming process for pickling bath of metals like steel which has high applicability in sectors like automotive and construction. The rapid development in these sectors had a positive impact on demand for steel used as raw materials in them, thereby leading to an increase in the production volume of such metal. For instance, as per the National Bureau of Statistics, China’s steel output increased by 5.2% to a record 1.053 billion tons on account of high demand from the construction and manufacturing sectors. Also, as per the data of the government of India, crude steel production stood at 77.74 million tons for January-August 2021, showing a 25.6% increase for the same period in 2020. Such increase in production output of steel on account of growing demand from construction and other manufacturing sector will drive more usage of ferric sulphate in metal manufacturing for pickling bath of such metal to increase their durability and tensile strength.
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Ferric Sulphate and Polyferric Sulphate Market Challenge
Inadequacy in water treatment in developing countries
The process of water treatment is very expensive owing to heavy investments being made in various equipment and multistage facilities. Hence such high-cost causes an imbalance in the rate of water treatment and water delivery as more pressure is put on treating water with inadequate technology and incurring cost on equipment and facilities is least focused on. For instance, as per the 2021 United Nations Water Integrated Monitoring Initiative status report, 44% of household wastewater is not treated safely & properly with a major portion of such wastewater coming under least developed countries such as in African continent that does not have proper water treatment facilities. Hence the inadequate development in wastewater treatment in such countries will negatively impact the demand for coagulants like ferric and polyferric sulphate in them as using proper facilities, raw materials like ion fluids will be neglected.
Ferric Sulphate and Polyferric Sulphate Industry Outlook
The companies to develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. Some of the major players in this market are as follows:
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