Rapid Growth of Electronic & Microchips Industries to Propel the Demand for Ferric Sulfate Market
According to a new report published by Transparency Market Research, the ferric sulfate market will record significant growth owing to the rapid growth of electronic and microchips industries across the globe. The report titled, “Ferric Sulfate Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” anticipates that the global market will grow remarkably during the forecast period.
Ferric sulfate is a yellow crystalline solid which is produced by the reaction of sulfuric acid and an oxidizing agent. The sulfate is acidic in nature and corrosive to copper and galvanized steels. Ferric sulfate is soluble in water and is hygroscopic in nature. Various sources of ferric sulfate include mikasaite, lausenite, and kornelite. Ferric sulfate is extensively used as a coagulant in wastewater treatment applications. Grades of ferric sulfates depend on the change in concentration of iron. Key applications of ferric sulfate include arsenic removal, wastewater treatment, drinking water processing, heavy metals removal, odor control, phosphorous removal, selenium removal, sludge thickening conditioning, and dewatering. Ferric sulfate is available in solid and solution forms. Chemical reactions of ferric sulfate in the coagulation process are similar to that of the alum; however, it is relative solubility and its pH range differ significantly from that of the alum.
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According to the report, rise in consumer preference for personal hygiene and health drives the global ferric sulfate market. Unwanted chemicals and impurities in drinking water and wastewater need to be clarified in order to make it suitable for consumption. Use of double distilled water in semiconductors are anticipated to fuel the ferric sulfate market. Growth of electronic and microchips industries is driving the ferric sulfate market. Development of the semi-conductor industry in countries such as South Korea, Taiwan, Japan, and Singapore are anticipated to boost the ferric sulfate market in Asia Pacific. Utilization of ferric sulfate as an alternative to aluminum salts for water purification is anticipated to increase the demand for ferric sulfate in the next few years. Use of ferric sulfate as anti-hemorrhagic agent is projected to be a key opportunity for ferric sulfate in the medical sector.
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