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The ferric chloride market size is forecast to increase by USD 134.2 million at a CAGR of 4.5% between 2023 and 2028. The market is witnessing significant growth due to the increasing demand for wastewater reuse and the preference for spot basis pricing. The global water scarcity issue has led to the adoption of advanced water treatment technologies, driving the demand for ferric chloride as a coagulant and flocculant. Moreover, the introduction of new process technologies, such as the membrane filtration process, has increased the efficiency of ferric chloride usage in water treatment applications. These factors are expected to boost the market growth during the forecast period. Ferric Chloride plays a crucial role in water treatment processes by removing impurities and enhancing the clarity of water. Its ability to coagulate and flocculate impurities makes it an essential chemical in the water treatment industry. The market is anticipated to experience steady growth due to the rising demand for water treatment solutions and the increasing focus on sustainable water management practices.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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