NEW YORK, Sept. 27, 2023 /PRNewswire/ — The fluorosilicic acid market size is expected to grow by USD 179.52 million from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 7.66% during the forecast period, according to Technavio. Rising demand for water fluoridation is notably driving the fluorosilicic acid market. However, factors such as health hazards due to exposure to fluorosilicic acid may impede market growth. The market is segmented by Application (Water fluoridation, Chemical manufacturing, Metal surface treatment and electroplating, Hide processing, and Others), Type (40 percent, 25 percent, and 35 percent), and Geography (APAC, Europe, Middle East and Africa, North America, and South America). We provide a detailed analysis of 20 companies operating in the fluorosilicic acid market including J.R. Simplot Co., American Elements, Avantor Inc., Buss ChemTech AG, Dongyue Group Ltd., Foshan Nanhai Shuangfu Chemical Co. Ltd., Fujian Kings Fluoride Industry Co. Ltd., Henan Yellow River New Material Technology Co. Ltd., Honeywell International Inc., Hydrite Chemical Co., Jiangxi Chinafluorine Chemical Co. Ltd., KC Industries LLC, Lanxess AG, Merck KGaA, Minersa Group, Mitsubishi Chemical Group Corp., RXChemicals, Solvay SA, Thermo Fisher Scientific Inc., and Zhejiang Sanmei Chemical Ind. Co. Ltd. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request Free Sample Report.
Fluorosilicic Acid Market 2023-2027: Company Analysis
J.R. Simplot Co.: The company offers fluorosilicic acid used in oxygen-sensitive applications such as metal production. This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information
Fluorosilicic Acid Market 2023-2027: Segmentation
Application
- The water fluoridation is significant during the forecast period. The growth of the segment can be attributed to the reasonable cost and high purity of hexa-fluorosilicic acid. According to the American Water Works Association Standards Committee on Fluorides, the sources of fluoride products. The products include fluorosilicic acid used for water fluoridation in the US as approximately 90 percent are produced during the process of extracting phosphate from phosphoric ore, approximately 5 percent comes from the production of hydrogen fluoride or sodium fluoride, and approximately 5 percent comes from the purification of high-quality quartz. Hence, such factors boost the growth of the water fluoridation segment of the fluorosilicic acid market during the forecast period.
- Other segments include type (40 percentage, 25 percentage, and 35 percentage).
Geography
- APAC will contribute 59% to the growth of the global market during the forecast period. The market growth in the region can be attributed to factors such as the rising adoption of fluorosilicic acid in various applications such as water fluoridation, chemical manufacturing, metal surface treatment, hide processing, and others. Investment in the chemical manufacturing industry is increasing due to the factors that chemical manufacturers are using fluorosilicic acid to meet metal surface treatment needs. Hence, such factors drive the regional fluorosilicic acid market in APAC during the forecast period.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View Free PDF Sample Report
Fluorosilicic Acid Market 2023-2027: Key Highlights
- Historic Market Size 2017-2021
- CAGR of the market during 2023-2027
- Detailed information on factors that will assist fluorosilicic acid market growth during the next five years
- Estimation of the fluorosilicic acid market and its contribution to the parent market
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the fluorosilicic acid market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of fluorosilicic acid market companies
Related Reports:
The Formic Acid (HCOOH) Market size is estimated to grow at a CAGR of 4.88% between 2022 and 2027. The market size is forecast to increase by USD 485.04 million.
The global glycolic acid market size is estimated to grow by USD 154.05 million between 2022 and 2027 exhibiting a CAGR of 7.92%.
|
Fluorosilicic Acid Market Scope |
|
|
Report Coverage |
Details |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.66% |
|
Market growth 2023-2027 |
USD 179.52 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023 (%) |
6.23 |
|
Regional analysis |
APAC, Europe, Middle East and Africa, North America, and South America |
|
Performing market contribution |
APAC at 59% |
|
Key countries |
US, China, India, South Korea, and France |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
J.R. Simplot Co., American Elements, Avantor Inc., Buss ChemTech AG, Dongyue Group Ltd., Foshan Nanhai Shuangfu Chemical Co. Ltd., Fujian Kings Fluoride Industry Co. Ltd., Henan Yellow River New Material Technology Co. Ltd., Honeywell International Inc., Hydrite Chemical Co., Jiangxi Chinafluorine Chemical Co. Ltd., KC Industries LLC, Lanxess AG, Merck KGaA, Minersa Group, Mitsubishi Chemical Group Corp., RXChemicals, Solvay SA, Thermo Fisher Scientific Inc., and Zhejiang Sanmei Chemical Ind. Co. Ltd. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio