AUG 17,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Fluorosilicic Acid Market.
Fluorosilicic Acid Market is likely to witness an impressive CAGR of 8.0% during the forecast period. Increasing demand for water fluoridation, electroplating and oil well acidizing are some of the major factors driving the growth of the fluorosilicic acid market during the forecast period.
Fluorosilicic acid is an organic compound and has a distinctive sour taste and pungent smell. It is manufactured as a co-product in the production of phosphate fertilizers. Fluorosilicic acid market is segmented as by grade into 40% Grade, 35% Grade, and 25% Grade; by application type into water fluoridation, textile processing, metal surface treatment, hydrogen fluoride, aluminum fluoride, silicofluorides, electroplating, hide processing, oil well acidizing, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
By Grade Type
Based on the grade type, the market is segmented as 40% grade, 35% grade, and 25% grade. 35% grade is projected to be the largest segment of the market during the forecast period. It is majorly used as wood preservation agents and as herbicidal agents.
By Application Type
Based on the application type, the market is segmented as water fluoridation, textile processing, metal surface treatment, hydrogen fluoride, aluminum fluoride, silicofluorides, electroplating, hide processing, oil well acidizing, and others. Water fluoridation is estimated to be the dominant segment of the market during the forecast period. Fluorosilicic acid is used in public water treatment plants for lessening dental caries by regulating the fluoride content of the water.
By Region
In terms of regions, Asia-Pacific is estimated to be the fastest-growing market led by China, Japan, India, and South Korea. Changing consumption patterns, increasing population, rapid urbanization, significant economic development, and growing per capita income are the major factors impacting the growth of the market. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
- Solvay
- Mosaic
- Gelest
- Sigma Aldrich
- KC Industries.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Fluorosilicic Acid Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors