According to the research report titled ‘MEA Ferric Chloride Market Size By Form (Powder, Liquid, Lumps) By Application, By End-Use (Waste Water Treatment, Pharmaceuticals, Chemical, Electronics, Metals & Metallurgy, Others) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, MEA ferric chloride market is speculated to expand substantially between 2020-2026.
 

Increasing usage of product as etchant for numerous metals, growing application as catalyst to raise chemical reaction rate, and usage as an additive in horse feed are key factors spurring MEA ferric chloride market augmentation.
 

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For the unversed, iron chloride or ferric chloride is a brown black to orange colored compound which has a non-combustible nature and is soluble in water. The chemical formula of this compound is FeCl3.
 

Rising demand of ferric chloride from wastewater treatment facilities, and implementation of stringent government norms for sewage water & industrial waste treatment will aid industry growth.
 

While widespread application in chemicals, electronics, and pharmaceutical sectors will facilitate market proliferation, the availability of substitutes for water treatment is acting as a challenge. 
 

Based on form, Middle East & Africa ferric chloride industry is divided into powder, lumps, and liquid. Among these, lumps segment is anticipated to grow at 5.6% CAGR between 2020-2026.
 

Speaking of application scope, the market sphere is bifurcated into portable water, municipal wastewater, industrial wastewater, specialty pigment, chemical intermediate, electronic etchants, metal surface treatment, and others. Among these, specialty pigment segment is speculated to record 6.8% CAGR between 2020-2026.
 

Meanwhile, electronic etchants segment is projected to witness considerable growth over the analysis timeframe, owing to widespread usage of ferric chloride solution as an etchant for metals such as silver, copper, and brass.
 

The metal surface treatment segment was assessed at USD 12 million in 2020 and is anticipated to grow considerably between 2020-2026. While for other applications, ferric chloride is used as an additive in horse feed which will drive demand from animal feed vertical.
 

Moving on to end user spectrum, the industry is fragmented into wastewater treatment, chemicals, pharmaceuticals, electronics, metal & metallurgy, and others. Among these, wastewater treatment segment is projected to capture a major share in MEA ferric chloride industry by 2026, owing to widespread use of the chemical compound as a coagulant and flocculant in the treatment of wastewater.
 

Meanwhile, metal & metallurgy segment is poised to generate USD 18 million by 2026 and the others segment is speculated to grow at 5.8% CAGR between 2020-2026.
 

Geographically speaking, Africa ferric chloride market size is slated to expand at 7.5% CAGR between 2020-2026.
 

Key players profiled in the report are BASF SE, Tessenderlo Group, Basic Chemical Industries Ltd., Sidra Wasserchemie GmbH, Chemifloc (UK) Limited, Saf Sulphur Company, Chimi Art Corp., PVS Technologies Inc., SEQENS Group, Nouryon, Feralco AB, Misr Chemical Industries Co., Kemira Oyj, Horizon Chemicals, and Malay-Sino Chemical industries Sdn Bhd.