MEA Ferric Chloride Market Analysis

MEA Ferric Chloride Market Analysis

MEA powder ferric chloride segment was estimated to be over USD 63 million in 2019. The product in powder form has wide application for etching application in electronics. The product is used to remove layers chemically from the wafers or semi-conductors pertaining to wide demand for product from electronic industry. The etching process is important in electronics for creating a mask and for photoresist which should boost the ferric chloride market sales in the Middle East.
 

Macroeconomic performance and high purchasing power are expected to drive the electronic market in the region. Rising demand for compact and smart electronic devices is the another driving factor for the electronic industry which should further boost the product market growth. Growing consumer spending potential and adoption of online distribution channel should boost the electronic industry thereby stimulating the MEA ferric chloride market revenue.
 

Potable water application segment is anticipated to witness CAGR of 7.4% by 2026. The segment is the most concentrated form of iron available commercially for its application for portable water treatment. The middle east and North Africa are the regions which have intense water scarcity and has enforced people to adopt proper water treatment for potable water. This should drive the demand for product in MEA region for potable water application. Furthermore, changing climatic conditions has led to water crisis and increased the demand for potable water thereby accelerating the MEA ferric chloride market share.
 

MEA region is developing management of water resources due to potential water shortages which should drive product demand. Growing number of health conscious and educated people have increased demand for hygienic and clean water. Rising awareness about waterborne diseases such as typhoid, diarrhea, typhoid and malaria is further expected to accelerate the demand for clean potable water which should raise the MEA ferric chloride market value. 
 

Water scarcity is the major problem in MEA regions therefore there has been on going planning for proactive initiatives for innovative and sustainable actions to access clean and safe water which should accelerate the product demand. Water is an important factor of human health for flushing out body waste, maintaining body temperature, improves blood oxygen circulation and regulates the body has raised demand for potable water from consumers for maintaining health and wellness. The growing demand for potable water due to increasing population and rising health concerns among individuals should positively impact the MEA ferric chloride market size.
 

Kuwait ferric chloride market was estimated to be over USD 2.28 million in 2019. The product is likely to witness growth in Kuwait region owing to expansion of wastewater treatment plants. Water problem in Kuwait region is rising therefore wastewater treatment methods are being adopted rapidly which should accelerate product market growth. The product is the water treatment chemical which is easily available in middle east region thereby driving the product market growth.
 

Qatar region experiences extremely high level of water crisis due to scarcity of natural resources which has enforced people to reuse water which is likely to raise the product demand in the region. Moreover, the cost of the product for industrial applications is relatively lower which should stimulate MEA ferric chloride industry growth.
 

The brackish water resource in the region is unable to meet population water demand for various purpose which has led to development of wastewater treatment plants which should stimulate MEA ferric chloride market. Another reason for development of wastewater treatment plant is increasing flow of wastewater which can be treated and can be used to meet the water requirement of individuals in the Middle East region.