MEA Ferric Chloride Market

MEA Ferric Chloride Market Size, Share, Growth Analysis, By Form(Powder, Liquid, and Lumps), By Application(Potable Water, Industrial Wastewater, Municipal WasteWater, Specialty Pigment), By End-user(WasteWater Treatment, Pharmaceuticals, Chemical, Electronics), By Region - Industry Forecast 2024-2031

Report ID: SQMIR15E2526 | Region: Regional | Published Date: April, 2024
Pages: 184 | Tables: 98 | Figures: 75

MEA Ferric Chloride Market News

  • In February 2024, A novel synthetic approach employs iron chloride, a readily available salt, to catalyze the formation of carbenes from commercially available aldehydes. These carbenes readily engage with various alkenes, yielding a range of cyclopropanes boasting notable structural diversity. Marc Montesinos Magraner, a synthetic chemistry specialist at the University of Valencia, Spain, not associated with the research, commented that such cyclopropanes are challenging to synthesize using current methods but are frequently encountered in pharmaceutical compounds.  
  • In September 2023, researchers employed ferric chloride (FeCl3) and genipin as cross-linking agents to fabricate two types of nanocomposite hydrogels via physical and covalent cross-linking methods, respectively. These hydrogels consisted of unmodified Gum Arabic (GA), Chitosan (Ch), and natural nano-Hydroxyapatite (nHA) using an acrylic acid solvent. Both types of hydrogels, cross-linked with FeCl3 and genipin, were synthesized and subjected to various in vitro and in vivo analyses. The results indicated that the FeCl3 and genipin cross-linked GA/Ch/nHA nanocomposite hydrogels exhibited compressive strengths ranging from 15.43 to 22.20 MPa, comparable to those of natural cortical bone. Moreover, digital planar tomography and histological staining with Hematoxylin and Eosin stain (H & E) confirmed the formation of new, full-thickness bone at the implantation sites across all experimental groups. 
  • In April 2023, Al Kout Industrial Projects Company, with over four decades of experience in the chemical industries sector, is recognized as a leading firm in the GCC and other nations for its production of chlorine and its derivatives. The company proudly announces its financial achievements for the year 2022, recording a historic production of approximately 51,115 tons of chlorine gas, compared to 48,596 tons in 2021. Additionally, the company has generated significant profits amounting to KD 9,967,511, marking the highest dividend payout in its history.
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MEA Ferric Chloride Market size was valued at USD 900 million in 2022 and is poised to grow from USD 954.90 million in 2023 to USD 1,533.49 million by 2031, growing at a CAGR of 6.10 % in the forecast period (2024-2031).

The MEA ferric chloride market features a competitive landscape characterized by several established and emerging players. These companies are actively engaged in research and development to enhance the quality and efficiency of their ferric chloride products. They also focus on expanding their geographical reach and distribution networks to serve a wider customer base. 'Borsodchem (Hungary)', 'Keira (Egypt)', 'Chemifloc (South Africa)', 'Sat Sulfur Company (Saudi Arabia)', 'Feracid (Tunisia)', 'Agua Chem Ltd (Israel)', 'Swedish Jordanian Chemicals (Jordan)', 'Al-Kout (Kuwait)', 'Taki Chemical Co. (Turkey)', 'Isfahan Chemical Company (Iran)', 'Arabian Chemical Company (Saudi Arabia)', 'Kimera Chemicals (South Africa)', 'Gulf Chlorine (United Arab Emirates)', 'Alfa Aesar (Egypt)', 'Egyptian Chemical Industries - Kima (Egypt)', 'Desert Falcon (Jordan)', 'Kahramaa (Qatar)', 'Petro Rabigh (Saudi Arabia)', 'Cairo Chemical Company (Egypt)'

One significant driver in the MEA ferric chloride market is the stringent environmental regulations imposed by governments across the region. These regulations mandate the treatment of industrial and municipal wastewater, fostering increased demand for ferric chloride as an effective water treatment solution. This drive towards environmental compliance supports the growth of the market.

Sustainability Initiatives Driving Green Ferric Chloride Adoption : A distinguished marketplace fashion within the MEA ferric chloride quarter is the growing emphasis on sustainability. Environmental concerns and regulatory pressures are pushing manufacturers and quit-users to adopt greener alternatives such as green ferric chloride, which produces the use of extra eco-friendly strategies. This trend aligns with the region's developing dedication to environmental responsibility, propelling the shift closer to more environmentally sustainable ferric chloride solutions.

Saudi Arabia stands as the dominating region in the MEA ferric chloride market due to its robust industrial sector, substantial investment in water treatment infrastructure, and a thriving electronics industry. The country's strategic location and consistent demand for ferric chloride contribute to its leadership in the market.

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MEA Ferric Chloride Market

Report ID: SQMIR15E2526

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