PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628196
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628196
MEA Ferric Chloride Market, valued at USD 277.5 million in 2024, is projected to grow at a CAGR of 5% from 2025 to 2034. Ferric chloride (FeCl3), a vital chemical compound, is extensively used across multiple industries. It serves as an effective coagulant in water and wastewater treatment, helping remove impurities and enhance water quality. Additionally, it is commonly employed in applications such as etching for printed circuit boards, chemical catalysis, and pigment production.
The region's growing need for water treatment solutions is primarily driven by rapid urbanization and industrialization. With urban populations in parts of Africa and the Middle East expanding at an unprecedented pace, the demand for clean and reliable water supplies is rising. The need for efficient wastewater treatment is also increasing as governments focus on improving infrastructure to meet the growing water consumption demands of both residential and industrial sectors.
In the MEA market, liquid ferric chloride is a key segment, contributing over USD 170.1 million in revenue in 2024 and poised to grow at a CAGR of more than 5% through 2034. Liquid ferric chloride is favored for its superior solubility and ease of use, making it an essential component in municipal water treatment plants, industrial effluent processing, and sewage management. Its popularity is attributed to its efficient coagulation properties, which enhance water treatment processes and facilitate compliance with environmental standards. While challenges such as storage and handling remain, advancements in packaging and transport solutions are addressing these issues, ensuring continued growth in this segment.
Market Scope | |
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Start Year | 2024 |
Forecast Year | 2025-2034 |
Start Value | $277.5 Million |
Forecast Value | $461.3 Million |
CAGR | 5% |
The municipal wastewater segment, valued at USD 101.8 million in 2024, is expected to grow at a CAGR of 4.5% over the next decade. Ferric chloride's role in removing suspended solids and reducing contaminants makes it indispensable in municipal treatment plants. Additionally, its ability to control odor and manage phosphorus levels aligns with stricter environmental guidelines, encouraging its widespread adoption.
Saudi Arabia stands out as a dominant market within the MEA region, with a valuation of USD 14.5 million in 2024 and an anticipated CAGR of 6.7% from 2025 to 2034. The country's focus on enhancing water infrastructure and meeting stringent regulatory requirements has led to increased demand for ferric chloride, ensuring steady market expansion in the coming years.