The fluorosilicic acid market was valued at $389.4 million in 2021, and is projected to reach $727.4 million by 2031, growing at a CAGR of 6.5% from 2022 to 2031.
Fluorosilicic acid is an organic colorless fuming liquid with a penetrating pungent odor. It is produced as a by-product of phosphoric acid and hydrogen fluoride. Fluorosilicic acid is typically disposed of by neutralizing it with limestone or milk of lime to produce safe inert waste products. Commercially, fluorosilicic acid is offered as an up to 70% pure chemical grade and technical grade aqueous solution. Fluorosilicic acid finds application in wood preservative as well as it is frequently utilized in a variety of processes, such as acidifying oil wells, fluoridating water in water treatment plants, and processing textiles, metals, and electroplating.
In addition, fluorosilicic acid is used in a variety of operations, including sterilization, commercial washing, rust removal and neutralizing agents. Due to its application in removing stains & rust from fabrics, there has been increased in demand for fluorosilicic acid from the textile industry. In addition, the expansion of the fluorosilicic acid market will be aided by factors such as affordability, high product quality and environmental friendliness, simple access to raw materials, and modernization of the manufacturing facilities.
The need for water chemicals is anticipated to rise as a result of rising global water usage and strict government regulations. The fluorosilicic acid market is also expected to be driven by increased industrial activity and growing consumer awareness of the importance of safe water sources for drinking water systems due to growing health concerns. In addition, the American Dental Association, WHO, the American Academy of Pediatrics, and other medical, dental, and public groups, including the U.S. Public Health Service are encouraging community water fluoridation, which is projected to support market expansion.
The demand for fluorosilicic acid will be driven by the growing practice of water fluoridation, which involves adding industrial-grade fluoride chemicals to the water to prevent tooth decay, as well as the growing consumer demand for natural ingredients in oral care products such as floss and mouthwash. Moreover, the availability of various types of denture products and increasing older population will increase demand for oral care products, which will fuel market expansion. Strict government restrictions to reduce water contamination and rising government spending on water treatment projects will further drive the demand for fluorosilicic acid. In the textile industry, fluorosilicic acid with a 40% purity is frequently used as a cleaning and pH adjuster.
However, fuming the property and corrosive nature of fluorosilicic acid may hamper its demand. Fluorosilicic acid is a by-product of the phosphate fertilizer industry, therefore it may be contaminated with radioactive elements and heavy metals which may act as a market restraint.
The fluorosilicic acid market is segmented on the basis of grade and application. By grade, the market is categorized into 25%, 35%, 40% and others. On the basis of application, the market is fragmented into water fluoridation, textile processing, metal surface treatment, hide processing, oil well acidizing and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global fluorosilicic acid market are American Elements, Foshan Nanhai Shuangfu Chemical Co., Ltd, Gelest Inc., Hawkins, Inc., Honeywell International Inc., Hydrite Chemical, IXOM, KC Industries, LLC, Merck KGaA, Napco Chemical Company, Solvay SA, Thermo Fisher Scientific Inc., Univar Solutions Inc., VWR International, LLC., and Xingxiang Yellow River Fine Chemical Industry Co., Ltd. Other players operating in the fluorosilicic acid market are Buss ChemTech AG, Sinochem International Corp., Tanfac Industries ltd., Fubao Group, and Navin Fluorine International Limited.
Fluorosilicic acid is an organic colorless fuming liquid with a penetrating pungent odor. It is produced as a by-product of phosphoric acid and hydrogen fluoride. Fluorosilicic acid is typically disposed of by neutralizing it with limestone or milk of lime to produce safe inert waste products. Commercially, fluorosilicic acid is offered as an up to 70% pure chemical grade and technical grade aqueous solution. Fluorosilicic acid finds application in wood preservative as well as it is frequently utilized in a variety of processes, such as acidifying oil wells, fluoridating water in water treatment plants, and processing textiles, metals, and electroplating.
In addition, fluorosilicic acid is used in a variety of operations, including sterilization, commercial washing, rust removal and neutralizing agents. Due to its application in removing stains & rust from fabrics, there has been increased in demand for fluorosilicic acid from the textile industry. In addition, the expansion of the fluorosilicic acid market will be aided by factors such as affordability, high product quality and environmental friendliness, simple access to raw materials, and modernization of the manufacturing facilities.
The need for water chemicals is anticipated to rise as a result of rising global water usage and strict government regulations. The fluorosilicic acid market is also expected to be driven by increased industrial activity and growing consumer awareness of the importance of safe water sources for drinking water systems due to growing health concerns. In addition, the American Dental Association, WHO, the American Academy of Pediatrics, and other medical, dental, and public groups, including the U.S. Public Health Service are encouraging community water fluoridation, which is projected to support market expansion.
The demand for fluorosilicic acid will be driven by the growing practice of water fluoridation, which involves adding industrial-grade fluoride chemicals to the water to prevent tooth decay, as well as the growing consumer demand for natural ingredients in oral care products such as floss and mouthwash. Moreover, the availability of various types of denture products and increasing older population will increase demand for oral care products, which will fuel market expansion. Strict government restrictions to reduce water contamination and rising government spending on water treatment projects will further drive the demand for fluorosilicic acid. In the textile industry, fluorosilicic acid with a 40% purity is frequently used as a cleaning and pH adjuster.
However, fuming the property and corrosive nature of fluorosilicic acid may hamper its demand. Fluorosilicic acid is a by-product of the phosphate fertilizer industry, therefore it may be contaminated with radioactive elements and heavy metals which may act as a market restraint.
The fluorosilicic acid market is segmented on the basis of grade and application. By grade, the market is categorized into 25%, 35%, 40% and others. On the basis of application, the market is fragmented into water fluoridation, textile processing, metal surface treatment, hide processing, oil well acidizing and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global fluorosilicic acid market are American Elements, Foshan Nanhai Shuangfu Chemical Co., Ltd, Gelest Inc., Hawkins, Inc., Honeywell International Inc., Hydrite Chemical, IXOM, KC Industries, LLC, Merck KGaA, Napco Chemical Company, Solvay SA, Thermo Fisher Scientific Inc., Univar Solutions Inc., VWR International, LLC., and Xingxiang Yellow River Fine Chemical Industry Co., Ltd. Other players operating in the fluorosilicic acid market are Buss ChemTech AG, Sinochem International Corp., Tanfac Industries ltd., Fubao Group, and Navin Fluorine International Limited.
Japan and South Korea Overview
- The Asia-Pacific region is home to a large number of the world's leading manufacturers of fluorosilicic acid. China, Japan, South Korea, and India are the four countries that are home to majority of the manufacturing plants.
- Asia-Pacific is expected to be the region with the highest growth rate, led by Japan and South Korea.
- Changing consumption patterns, rapid urbanization, a growing population, substantial economic development, and rising per capita income are the primary factors influencing the market's expansion.
IMPACT OF COVID-19 ON THE GLOBAL FLUOROSILICIC ACID MARKET
- The recent COVID-19 pandemic negatively impacted the market for Fluorosilicic Acids in a significant way.
- Fluorosilicic acid demand was muted for six months in 2020 as a result of the Covid-19 outbreak, which had a substantial impact on the market. Construction, manufacturing, and chemical end-use industries, among others, have all experienced significant market growth. For instance, the building sector is well-established in the United States. Up until 2019, the building sector gave the American economy a $ 2 trillion boost. The epidemic caused the amount to decrease to $1.3 trillion in 2020. The development of all associated industries has been hampered as a result. A number of ongoing projects have been shelved or delayed.
- The automobile industry had seen a more than 20% decrease in the use of fluorosilicic acid for the manufacture of aluminium. The total output of vehicles in this sector directly affects the need for aluminium. The acid market consequently saw a similar impact on demand. The closure of showrooms, the complete and partial stoppage of manufacturing facilities, the restricted movement of goods, the ban on import and export activities, and other factors contributed to this.
- Large oil, gas, and chemical firms are reducing capital and operational expenditures.
- Companies with high debt and insufficient cash flow are more prone to encounter liquidity difficulties, and some may be forced to close their doors permanently.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fluorosilicic acid market analysis from 2021 to 2031 to identify the prevailing fluorosilicic acid market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the fluorosilicic acid market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global fluorosilicic acid market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Grade
- 35%
- 40%
- 25%
- Others
By Application
- Water Fluoridation
- Textile Processing
- Metal Surface Treatment
- Hide Processing
- Oil Well Acidizing
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- American Elements
- Foshan Nanhai Shuangfu Chemical Co.
- Gelest Inc.
- Hawkins, Inc.
- Honeywell International Inc.
- Hydrite Chemical
- ixom
- kc industries
- Merck KGaA
- Napco Chemical Company
- Solvay SA
- Thermo Fisher Scientific Inc
- Xingxiang Yellow River Fine Chemical Industry Co., Ltd.
- VWR International, LLC
- Univar Solutions Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FLUOROSILICIC ACID MARKET, BY GRADE
CHAPTER 5: FLUOROSILICIC ACID MARKET, BY APPLICATION
CHAPTER 6: FLUOROSILICIC ACID MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Fluorosilicic Acid Market," the fluorosilicic acid market was valued at $389.4 million in 2021, and is estimated to reach $727.4 million by 2031, growing at a CAGR of 6.5% from 2022 to 2031.The fluorosilicic acid also called hexafluoro silicic acid or hydroflurosilicic acid is an inorganic compound with a revealing sour taste and pungent smell. It has the chemical composition H2SiF6 and is an odorless liquid. Hexafluorosilicic acid is produced as a co-product during the manufacture of phosphate fertilizers. Fluorosilicic acid has a variety of uses, including electroplating, acidifying oil wells, sterilizing, commercial laundry, neutralizing wood preservative, eliminating stains and rust, and tanning ceramic, glass, and animal hides. It is used in manufacturing commercial detergents such as silicon tetrafluoride, cryolite, and other fluorosilicates.
One of the commonly utilized abrasives in the glass industry for glass etching applications is fluorosilicic acid. Products made with etched glass are frequently used in the building and construction sector. The rise in demand for glass goods in office and residential buildings is a significant element promoting the growth of the worldwide decorative glass market. As a result, etched glass products are becoming more and more popular thanks to their attractive appearance and energy savings through lower electricity consumption. Glass also controls solar radiation and offers thermal and acoustic insulation. Hence, the rising demand for products made of etched glass. The increasing demand for etched glass products will drive the growth of fluorosilicic acid market in the forecast period.
Fluorosilicic acid is used for fluoridation of water to maintain fluoride level in water by municipal corporations and as well as in toothpaste. Fluoride levels should be kept constant to prevent tooth decay. Fluorosilicic acid is a liquid, making it simple to handle and eliminating potential workplace dangers for plant operators. The World Health Organization, the American Dental Association, the American Academy of Pediatrics, and other regulatory organizations and dental groups all advise water fluoridation to prevent tooth decay. In areas with low naturally occurring fluoride levels in freshwater and groundwater, water fluoridation is preferable. Fluorosilicic acid will be more in demand as water fluoridation becomes more popular. These factors are expected to fuel the growth of the fluorosilicic acid market.
The corrosive nature and fuming property of concentrated fluorosilicic acid especially above 20% concentration may hamper the market growth. The acidic nature of this compound leaches the lead and arsenic from water delivery plumbing. In addition, it is a byproduct of phosphate fertilizer industry and claimed to be contaminated with heavy metals and radioactive elements. Other disadvantageous it a hazardous chemical, when touch with body cause burn to the skin. Inhalation may result in spasm, inflammation and oedema of the larynx and bronchi, chemical pneumonitis and pulmonary oedema. This factor will hinder the growth of market in the forecast period.
The fluorosilicic acid market is segmented on the basis of grade and application. By grade, the market is categorized into 25%, 35%, 40% and others. On the basis of application, the market is fragmented into water fluoridation, textile processing, metal surface treatment, hide processing, oil well acidizing and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players that operate in the global fluorosilicic acid market include American Elements, Foshan Nanhai Shuangfu Chemical Co., Ltd, Gelest Inc., Hawkins, Inc., Honeywell International Inc., Hydrite Chemical, IXOM, KC Industries, LLC, Merck KGaA, Napco Chemical Company, Solvay SA, Thermo Fisher Scientific Inc., Univar Solutions Inc., VWR International, LLC., Xingxiang Yellow River Fine Chemical Industry Co., Ltd.
Other players operating in the fluorosilicic acid market are Buss ChemTech AG, Sinochem International Corp., Tanfac Industries ltd., Fubao Group, Navin Fluorine International Limited.
Key Findings of the Study
- The report outlines the current fluorosilicic acid market trends and future scenario of the market from 2022 to 2031 to understand the prevailing opportunities and potential investment pockets.
- The fluorosilicic acid market size is provided in terms of revenue and volume.
- Depending on grade, the 40% segment is expected to grow at a CAGR of 7.0%, in terms of revenue, during the forecast period.
- Depending on application, the water fluoridation segment is expected to grow at a CAGR of 7.2%, in terms of revenue, during the forecast period.
- By region, Asia-Pacific dominated the market with highest revenue shares of $125.3 million in 2021.
- Japan and South Korea Overview
- The Asia-Pacific region is home to a large number of the world's leading manufacturers of fluorosilicic acid. China, Japan, South Korea, and India are the four countries that are home to majority of the manufacturing plants.
- Japan and South Korea combinedly hold 23.0% market share in Asia-Pacific region.
- Asia-Pacific is expected to be the region with the highest growth rate, led by Japan and South Korea.
- Changing consumption patterns, rapid urbanization, a growing population, substantial economic development, and rising per capita income are the primary factors influencing the market's expansion.
IMPACT OF COVID-19 ON THE GLOBAL FLUOROSILICIC ACID MARKET
- The recent COVID-19 pandemic negatively impacted the market for Fluorosilicic Acids in a significant way.
- Fluorosilicic acid demand was muted for six months in 2020 as a result of the Covid-19 outbreak, which had a substantial impact on the market. Construction, manufacturing, and chemical end-use industries, among others, have all experienced significant market growth. For instance, the building sector is well-established in the United States. Up until 2019, the building sector gave the American economy a $2 trillion boost. The epidemic caused the amount to decrease to $1.3 trillion in 2020. The development of all associated industries has been hampered as a result. A number of ongoing projects have been shelved or delayed.
- The automobile industry had seen a more than 20% decrease in the use of fluorosilicic acid for the manufacture of aluminium. The total output of vehicles in this sector directly affects the need for aluminium. The acid market consequently saw a similar impact on demand. The closure of showrooms, the complete and partial stoppage of manufacturing facilities, the restricted movement of goods, the ban on import and export activities, and other factors contributed to this.
- Large oil, gas, and chemical firms are reducing capital and operational expenditures.
- Companies with high debt and insufficient cash flow are more prone to encounter liquidity difficulties, and some may be forced to close their doors permanently.
Companies Mentioned
- American Elements
- Foshan Nanhai Shuangfu Chemical Co.
- Gelest Inc.
- Hawkins, Inc.
- Honeywell International Inc.
- Hydrite Chemical
- Ixom
- Kc Industries
- Merck Kgaa
- Napco Chemical Company
- Solvay Sa
- Thermo Fisher Scientific Inc
- Xingxiang Yellow River Fine Chemical Industry Co. Ltd.
- Vwr International, LLC
- Univar Solutions Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 389.4 million |
| Forecasted Market Value ( USD | $ 727.4 million |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
