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Fluorosilicic Acid Market Size
- Report ID: GMI3248
- Published Date: Sep 2024
- Report Format: PDF
Fluorosilicic Acid Market Size
The global fluorosilicic acid market size achieved USD 464.3 million in 2023 and will grow at 8.3% CAGR from 2024 to 2032. Due to the rising ground water and surface water pollution that will boost the requirement for water treatment. Fluorosilicic acid is an organic colourless fuming liquid with a penetrating pungent odour. It is produced as a by-product of hydrogen fluoride and phosphoric acid production. Fluorosilicic acid is usually disposed by converting it into inert harmless waste products by neutralization it with limestone or milk of lime.
The acid is commercially available as an aqueous solution by up to 70% in chemically pure-grade and technical-grade. It is used in hardening cement & ceramic, water fluoridation, and as a wood preservative. It is also widely used in various applications, which include water fluoridation in water treatment plants, textile, metal processing, electroplating, and oil well acidizing.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Fluorosilicic Acid Market Size in 2023: | USD 464.3 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 8.3% |
| 2032 Value Projection: | USD 891.9 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 172 |
| Segments covered: | By Grade, By Application, and By region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Additionally, fluorosilicic acid is deployed in different applications such as sterilization, commercial laundry, neutralizing agent, and in rust removing. The rising demand from the textile industry is further expected to boost the fluorosilicic acid industry growth due to its use for removal of stain and rust from fabrics. Cost-effectiveness, high-quality & environment friendliness of the product, easy availability of raw materials, and upgrading of production facilities will foster market growth.
The global fluorosilicic acid market is influenced by several key drivers and challenges. The increasing demand for fluorosilicic acid in water fluoridation reflects its role in improving dental health, leading to widespread adoption in municipal water supplies. Additionally, its growing use in dental medications highlights its importance in preventive dental care. The textile industry's expansion also drives demand, as fluorosilicic acid is used in various textile treatments. Furthermore, the steady expansion of the market, intensification of customer relations, and a sharp & sustainable surge in brand and customer connect initiatives will enhance the product adoption rate. Product launches and strategic partnerships are anticipated to be the key strategies implemented by industry participants to expand their market presence and gain a strong foothold in the global market.
Additionally, the market faces challenges including unregulated research potential and limited clinical efficacy, which may hinder investment and development. Moreover, the availability of effective substitutes can impact market growth, as alternatives may offer comparable benefits with fewer drawbacks. Addressing these challenges while leveraging the drivers will be crucial for stakeholders in the fluorosilicic acid sector to navigate a competitive and evolving market landscape.
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Fluorosilicic Acid Market Scope
