Ferric Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Ferric Chloride Prices December 2023
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Product
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Category | Region | Price |
|---|---|---|---|
| Ferric Chloride | Chemical | USA | 3050 USD/MT |
| Ferric Chloride | Chemical | Germany | 2475 USD/MT |
The price of ferric chloride in the United States for Q4 2023 reached 3050 USD/MT in December.
In Germany, ferric chloride prices reached 2475 USD/MT in Q4 of 2023.
Ferric Chloride Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Ferric Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of ferric chloride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing ferric chloride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Ferric Chloride Market Analysis
The global ferric chloride market size reached US$ 5.48 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 8.21 Billion, at a projected CAGR of 4.60% during 2023-2032.
- The rising focus on environmental sustainability has led to an increased emphasis on wastewater treatment in industries. Since ferric chloride is widely used as a coagulant in the treatment process, it is fueling the market demand.
- The continuous development of new electronic devices necessitating effective etching agents in circuit board production is resulting in a higher usage of ferric chloride as a preferred chemical, ensuring precision and efficiency in manufacturing processes. fuels this requirement.
- Rapid urbanization and the expansion of infrastructure projects drive the demand for construction chemicals. The ongoing urban expansion further supports market dynamics.
- The pharmaceutical sector's growth has led to an increased requirement for chemicals used in drug manufacturing. The expanding pharmaceutical production capacities continue to influence market trends.
- Ferric chloride is integral in the paper and pulp industry for processes such as deinking and wastewater treatment. The demand for high-quality paper products and stringent environmental regulations drives its usage. This industry's steady growth maintains a consistent need for the chemical.
- In the oil and gas sector, the compound is used for applications such as sludge treatment and drilling fluid conditioning. The exploration and production activities in this industry require efficient chemical solutions. As global energy demands persist, the need for such applications remains strong.
- Ensuring safety and quality in the food and beverage industry necessitates stringent water treatment processes. The industry's stringent regulatory framework sustains the market demand.
- In the broader chemical manufacturing landscape, the compound serves as a critical reagent and catalyst. Its application in various synthesis and production processes is essential for producing diverse chemical products. The chemical industry's vast scope and innovation drive its consistent requirement.
- Environmental conservation efforts have bolstered recycling activities globally. The enhancement of recycling technologies continues to support its market presence.
- In textile manufacturing, ferric chloride is utilized for dyeing and finishing processes. The ongoing demand for diverse textile products necessitates reliable chemical solutions to achieve desired fabric properties. This industry’s evolution ensures a steady demand for the compound.
Ferric Chloride News
The report covers the latest developments, updates, and trends impacting the global ferric chloride market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in ferric chloride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
Latest developments in the ferric chloride industry:
- On September 20, 2023, BASF secured long-term access to QIRA bio-based 1,4-butanediol (BDO) from Qore LLC, a Cargill and HELM AG joint venture, to be produced at Cargill’s Eddyville, Iowa campus; they will offer bio-based derivatives like PolyTHF and THF, with the first commercial quantities available in Q1 2025 .
- On August 14, 2023, Gulbrandsen, a global specialty chemicals leader, and one of the world’s largest producers of tin catalysts for the polyurethane foaming industry, has completed the commissioning and safe start-up of its new Tin Catalyst production plant at its site in Dahej, India. The unit will produce Stannous Octoate and Stannous Neodecanoate.
Product Description
Ferric chloride, known chemically as FeCl₃, is a versatile compound with numerous industrial applications. It appears as dark green to brownish-black crystals in its anhydrous form and yellow to orange crystals when hydrated. Highly soluble in water, ferric chloride solutions are acidic, making them effective in water treatment as a coagulant to remove impurities.
Its corrosive and oxidizing properties also find use in etching printed circuit boards and various laboratory reactions. Industrially, ferric chloride is typically produced by the direct chlorination of iron or the oxidation of ferrous chloride, processes that highlight its essential role in both chemical manufacturing and environmental management.
In the electronics industry, ferric chloride is widely used as an etching agent for printed circuit boards, efficiently dissolving metals to create intricate circuit designs. Its moderate oxidizing properties make it suitable for various redox reactions in both industrial and laboratory settings. Additionally, ferric chloride's corrosive nature necessitates careful handling and storage to prevent damage to materials and ensure safety.
Regional Coverage
The report provides a detailed analysis of the ferric chloride market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.
Global Ferric Chloride Price
The report offers a holistic view of the global ferric chloride pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Ferric Chloride Price
European ferric chloride prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed ferric chloride price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Ferric Chloride Price
The analysis of ferric chloride prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific data on ferric chloride prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Ferric Chloride Price
The report explores the ferric chloride pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on ferric chloride prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Ferric Chloride Price
The ferric chloride pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This analysis can be further extended to include detailed ferric chloride prices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Ferric Chloride Price
The analysis of ferric chloride prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Ferric Chloride |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of ferric chloride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting ferric chloride price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the ferric chloride industry.
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