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MEA Ferric Chloride Market Size

Report ID: GMI4965
Published Date: Nov 2024
Report Format: PDF

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MEA Ferric Chloride Market Size

The MEA ferric chloride market held a size of USD 277.5 million in 2024 and is projected to expand to over 5% CAGR from 2025 to 2034.

MEA ferric chloride market

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Ferric chloride (FeCl3) is a chemical compound extensively employed as a coagulant in water and wastewater treatment processes to eliminate impurities and purify water. It finds applications in etching copper for printed circuit boards, as a catalyst in chemical reactions, and in the manufacturing of pigments and dyes. The ferric chloride market is expanding due to increasing urbanization and industrialization, which drive the demand for clean water and efficient wastewater treatment.

MEA Ferric Chloride Market Report Attributes
Report Attribute	Details
Base Year:	2024
MEA Ferric Chloride Market Size in 2024:	USD 277.5 Million
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	5%
2025 – 2034 Value Projection:	USD 461.3 Million
Historical Data for:	2021 – 2024
No. of Pages:	235
Tables, Charts & Figures:	165
Segments covered:	Form, application, end-use
Growth Drivers:	Water scarcity and demand for water treatment Expansion of industries such as petrochemicals, mining, and manufacturing Innovations in water treatment technologies Stringent environmental regulations on water quality and wastewater discharge
Pitfalls & Challenges:	Fluctuating raw material prices Competition from alternative chemicals

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According to the United Nations Economic Commission for Africa, the urban population in Africa is expected to nearly triple by 2050, reaching 1.34 billion. This rapid urbanization is likely to increase the demand for water treatment solutions. The World Bank reports that only 28% of Sub-Saharan Africa's population has access to safely managed drinking water.

In the Middle East, the World Health Organization estimates that 87% of the population uses at least basic drinking water services. These statistics highlight the potential for growth in the ferric chloride market as countries in these regions invest in improving water infrastructure and treatment facilities. Growth opportunities also arise from wider adoption across industries, environmental regulations promoting wastewater management, and advancements in water treatment technologies, particularly in developing regions.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The MEA ferric chloride market was valued at USD 277.5 million in 2024 and is projected to reach USD 461.3 million by 2034, driven by a CAGR of over 5% from 2025 to 2034.

The liquid segment held over USD 170.1 million in 2024 and is expected to grow at a CAGR of over 5% during the forecast period, driven by its ease of handling and higher efficiency in water treatment applications.

Saudi Arabia market for ferric chloride was valued at USD 14.5 million in 2024 and is projected to grow at a CAGR of 6.7% from 2025 to 2034, driven by the country's expanding industrial base and stringent water treatment regulations.

Major players in the industry include Agua Chem, Al-Kout, BASF, BorsodChem, Chemifloc, Feracid, Kemira, SAT Sulphur Company, Swedish Jordanian Chemicals, and Tessenderlo Group.