Ferric Hydroxide Market is estimated to Witness High Growth Owing to Rising Application in Water Treatment

Fri, 20 Sep 2024 10:16:17 +0000

Ferric hydroxide is a chemical compound that is widely used as a coagulant in water treatment facilities to remove contaminants such as arsenic, phosphates, and fluorides. It forms insoluble compounds with these impurities, allowing them to clump together and settle down, thus purifying water. The growing demand for clean drinking water across the globe along with stringent regulations regarding wastewater treatment are major drivers boosting the ferric hydroxide market.The global ferric hydroxide market is estimated to be valued at US$ 4.15 Mn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 to 2031.