POLYFERRIC SULFATE MARKET ANALYSIS

Regional Analysis

Regional Outlook

Asia Pacific is anticipated to witness significant growth over the forecast period, owing to rising awareness in emerging economies such as India regarding water conservation and reuse. Government in emerging economies are enforcing stringent standards for the proper water treatment, which may boost the demand for poly ferric sulfate as they are widely used in water and sludge treatment. For instance, in 2017, government of India established National FSSM (facial Sludge and Septage) policy to provide proper services for the sludge management and treatment.

Furthermore, rising manufacturing sector which includes automobile industry, drugs & pharmaceuticals, chemicals, food processing, electrical equipment and others in this region may propel the demand for poly ferric sulfate. As the waste from manufacturing units would increase water contamination, so the need to treat water would increase the demand for poly ferric sulfate. According to the India’s Brand Equity Foundation (IBEF), in 2017, market size of manufacturing sector in India increased to US$ 347.18 billion from US$ 323.27 billion in 2016.