FERRIC HYDROXIDE MARKET ANALYSIS

Ferric Hydroxide MarketSize and Trends

Market Outlook

Global ferric hydroxide market size is projected to increase significantly during the forecast period (2019-2027), owing to growing use of ferric hydroxide in the water treatment industry. Growing consumption of potable water is expected to increase the demand for ferric hydroxide and thereby drive growth of the market during the forecast period. Growing population around the world is expected to increase the demand for clean water. This is expected to boost the demand for ferric hydroxide and thereby propel the market growth. Furthermore, water treatment companies around the world prefer ferric hydroxide for its high efficiency in treating water. This is expected to increase the demand for ferric hydroxide and hence drive growth of the market. Furthermore, ferric hydroxide also finds application pharmaceutical industry for production intramuscular medicine for patients who are suffering from iron deficiency. Growing demand for intramuscular medicine around the world is expected to boost the market growth in the near future.