The analysts forecast global ferric chloride market to grow at a CAGR of 4.96% during the period 2018-2022. One trend in the market is spot basis pricing preference for ferric chloride.
Consumers prefer spot basis pricing as their requirement for ferric chloride fluctuates, and the prices include taxes, production cost, and freight charges.
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If ferric chloride is bought on a contractual basis: then this change in price does not imply. Contracts are made annually, and the contract prices do not change with changes in the prices of raw materials.
Buyers and traders prefer spot basis pricing system as the margins for revenues are high, and the prices are proportional to the changes in the market price. In the case of a contract system, the consumers have the liberty to negotiate the prices that are listed as the suppliers offering the least price is offered the contract.
In the case of spot basis pricing, the price is fixed, and the consumers cannot negotiate on the price.
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Major key players in the global ferric chloride market: BASF, BorsodChem, DowDuPont, Kemira, PVS Chemicals, and Tessenderlo Group.
According to the Ferric chloride market report, one driver in the market is increase in demand for wastewater reuse. Industries discharge wastewater that contains contaminated inorganic compounds that can have toxic effects on the marine life and cause serious water pollution if released untreated into rivers, ponds, or lakes.
Mandatory guidelines by various regulatory bodies including the Environmental Protection Agency (EPA) make the treatment and reuse of industrial wastewater compulsory. The use of ferric chloride for the treatment of wastewater is the key reason for its high demand.
This is critical in countries where there are scarce resources for drinking water but abundant seawater such as in the Middle East.
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Few Points from List of Exhibits:
Exhibit 1: Parent Market
Exhibit 2: Global Inorganic Chemicals Market
Exhibit 3: Market Characteristics
Exhibit 4: Market Segments
Exhibit 5: Market Definition - Inclusions and Exclusions Checklist
Exhibit 6: Market Size 2017
Exhibit 7: Validation Techniques Employed For Market Sizing 2017
Exhibit 8: Global Ferric Chloride Market Market Size and Forecast 2017-2022 ($ Millions)
Exhibit 9: Global Ferric Chloride Market Year-Over-Year Growth 2018-2022 (%)
Exhibit 10: Five Forces Analysis 2017
Exhibit 11: Five Forces Analysis 2022
Exhibit 12: Bargaining Power of Buyers
Exhibit 13: Bargaining Power of Suppliers
Exhibit 14: Threat of New Entrants
Exhibit 15: Threat of Substitutes
Exhibit 16: Threat of Rivalry
Exhibit 17: Market Condition - Five Forces 2017
Exhibit 18: Application Market Share 2017-2022 (%)
Exhibit 19: Comparison by Application
Exhibit 20: Wastewater Treatment Market Size and Forecast 2017-2022 ($ Millions)