Scienza e Tecnologia
The Fluorosilicic Acid Market will record remuneration of USD 640 million by 2027, Says Global Market Insights Inc.
Fluorosilicic acid is used extensively in metal surface treatment, wherein it serves as a plating bath for iron, copper, and zinc, and as a pre-treatment agent for borofluoride plating, which is expected to support market growth through the forecast period. Moreover, growing need for metal surface treatment chemicals for service treatment of automotive parts has fueled product demand in the automotive industry in the upcoming years.
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25% grade fluorosilicic acid is widely used in several applications viz., the electrolysis process and as a laundry chemical. It is also utilized in the lead refining industry for refining lead in the electrolysis process. Thus, propelled by the surging prevalence of lead in batteries, cables, wheel weights, and battery racks, the 25% grade segment is anticipated to reach a valuation of more than USD 175 million by 2027.
Based on application, the textile processing segment is slated to exceed a valuation of USD 33.5 million by 2027. Increased use of fluorosilicic acid in fabric stain removal has impelled product demand in the chemical and food processing sectors, which is foreseen to stimulate segmental growth over the review period. Furthermore, emerging trends of online shopping and booming apparel demand are bolstering consumer interest in the apparel industry, which is projected to fuel segmental development in the forthcoming years.
In the regional landscape, the Europe is estimated to observe sizable growth at around 7.5% CAGR through 2027. High significance of fluoridation of drinking water for preventing tooth decay is likely to drive regional market growth. Additionally, escalating consumer interest in personal grooming, coupled with growing awareness pertaining to oral hygiene products like powders, toothpaste, and gels, is calculated to foster the fluorosilicic acid market outlook in the region in the coming years.
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Following the COVID-19 outbreak, government and health agencies sought effective solutions to prevent the spread of the novel coronavirus. To that effect, some research studies proposed that an efficient water treatment system could ensure that the virus is not transmitted through water.
For instance, a February 2021 study conducted by researchers at Texas A&M University found that decontamination technologies that are already being used in water treatment facilities could inactivate or remove the COVID-19-causing virus and other viruses that are structurally akin to the coronavirus. Fluorosilicic acid, an aqueous solution, is one of the chemicals commonly used for water purification. Thus, rising awareness of water decontamination as a way to curb the spread of the coronavirus has been favorable for product outlook during the pandemic.
Key companies operating in the fluorosilicic acid industry include America Elements, IXOM, Hydrite Chemical Co., Honeywell International, Inc., Hawkins Inc., Solvay, Gelest Inc., Napco Chemical Company, and Lanxess AG, among others.
Global Market Insights Inc., headquartered in Delaware , U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
Arun Hegde
Corporate Sales, USA
Global Market Insights Inc.
Phone: 1-302-846-7766
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