Fluorosilicic Acid Market Share, Size, Trends, Industry Analysis Report, By Grade (25%, 30%, 35%, and Others); By Application; By Region; Segment Forecast, 2024 – 2032
- Published Date:Jan-2024
- Pages: 118
- Format: PDF
- Report ID: PM3178
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global fluorosilicic acid market was valued at USD 438.37 million in 2023 and is expected to grow at a CAGR of 6.8% during the forecast period. The growing deployment of fluorosilicic acid in a variety of different applications, including sterilization, commercial, laundry, neutralizing agent, and also in rust removal, and the growing demand for this acid from the textile industry owing to its stain and rust removable properties are key factors driving the global market growth. In addition, the rapid expansion of the market for water fluoridation, intensification of customer relations, and a significant rise in the number of favorable government initiatives towards supporting the product adoption rate across the globe is further anticipated to create huge growth opportunities for the market during the forecast period.
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Furthermore, a surge in demand for various types of oral care products due to the continuous growth of the global geriatric population and easy availability of numerous types of denture products along with the stringent government regulations to curb the contamination of water and increase in the water treatment expenditure especially in Asia Pacific countries, which in turn, pushing the fluorosilicic acid market growth forward. Water pollution levels have increased drastically in recent years, resulting in various health concerns. Thereby different key market players are developing more improved and enhanced solutions to tackle the issues.
However, the fuming property and corrosive nature of concentrated fluorosilicic acid, mainly above the 20% concentration, and the presence of a pungent odor, which makes it hard for a variety of industries to work with this chemical, are major factors that are expected to hamper the growth of the market. Additionally, the easy availability of its alternatives with cost-effectiveness is also restraining the market demand over the coming years.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the fluorosilicic Acid market. The rapid emergence of the deadly coronavirus has forced both government and private institutions to slow down their investments and further reduce capital and operational expenditures because of supply chain disruptions and the temporary closure of manufacturing facilities.
Industry Dynamics
Growth Drivers
The increasing utilization of this kind of acid in municipal and industrial processes and its ability to increase the production volume of chemical manufacturers to meet the demand for textile processing, ceramics manufacturing, and metal surface development across both developed and developing regions around the world, coupled with the growing usage in commercial agents such as silicon tetrafluoride and cryolite, which is driving the global fluorosilicic acid market growth over the anticipated period.
Over the last few years, there has been significant growth in the surface water and groundwater pollution levels that have paved the way for higher adoption of various types of wastewater treatment activities due to its superior quality, cost-effectiveness, and environmental friendliness, which is expected to help in fueling the demand and growth of the market exponentially in the anticipated period.
Report Segmentation
The market is primarily segmented based on grade, application, and region.
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By Grade |
By Application |
By Region |
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40% grade segment accounted for largest market share in 2022
The 40% grade segment accounted for the largest market share in 2022 and is likely to retain its position throughout the forecast period. The growth of the segment market can be mainly attributed to increased usage in the manufacturing of pure silicon and continuously growing used as gelling agent & also as a fluorinating agent for the conversion of organo-dichloro-phosphorus compounds to the corresponding compounds. Moreover, the growing awareness regarding its ability to preserve the level of fluorine in the water and hence avoid tooth decay is likely to fuel the demand and growth of the segment over the coming years.
The 25% grade segment is expected to have the highest growth rate during the study period, mainly driven by its growing use to remove various toxins and high prevalence in the textile industry for processing fabrics. In addition, the lower product concentration makes them highly preferable in multiple applications, including detergent manufacturing and hide processing, that are expected to boost the demand and growth of the segment market.
Water fluoridation segment held the significant market revenue share in 2022
The water fluoridation segment held a significant market revenue share in 2022 because of the rapidly increasing use of fluorosilicic acid in many water treatment plants across the globe. It is being highly used and added to the water treatment plants for providing a total fluoride F level recognized for eliminating tooth decay, resulting in higher demand for the product in the segment market. In addition, the continuously growing water consumption worldwide, along with the numerous stringent government regulations and rising prevalence of safe water supply for water systems because of the increasing health concerns among people, are further likely to contribute positively to the market growth.
However, the textile processing segment is projected to register a considerable growth rate over the study period, owing to increasing product demand in various textile applications due to its superior cleansing properties and its help in removing rust, stains, and mold from the fabric. Additionally, this chemical further protects the fiber with the help of forming a thin film coating around the material, which minimizes surface tension, thereby propelling the demand and growth of the market from textile processing applications.
The demand in Europe is expected to witness significant growth during forecast period
Europe is expected to emerge as the fastest-growing region in the fluorosilicic market over the projected period. The increasing consumption of the product for producing hydrogen-fluoride primarily used in aluminum, gasoline, and refrigerants, along with the rising preferences across various application industries, including surface treatment electroplating and lead refining industries, are key factors expected to fuel the market growth in the region. Furthermore, the robust presence of leading textile brands in the area, like Louis Vuitton, Hermes, and Charvet Place Vendome, and penetration for highly-efficient in-fabric cleaning and conditioning will likely impact the market growth positively.
Asia Pacific region dominated the global market for fluorosilicic acid in 2022 and is expected to maintain its dominance throughout the forecast period. The rapid demand and need for this acid from various water treatment plants and a growing number of applications in the construction sector, mainly in developing regions such as China, India, and South Korea, are major factors propelling the growth of the APAC region at a significant pace. Moreover, the evolution of environment-friendly chemicals, which are highly required in textile industries, and the development of the packaging sector, have further enhanced the application of the product and are likely to augment the market's growth in the forecast period.
Competitive Insight
Key players include American Elements, Foshan Nanhai Shuangfu, Honeywell International, Xingxiang Yellow River Fine Chemical., VWR International, Univar Solutions, Napco Chemical, Hydrite Chemical, Hawkins., Gelest, & Fencheng Chemical.
Recent Developments
- In October 2022, Jiangshan Agrochemical announced its new cooperative agreement with the People’s Government of Weng’an Country of Guizhou Province & Wengfu for establishing a chemical circular industry chain base. Under this agreement, the company will jointly invest in establishing a phosphorus circular industry chain at RMB 22 billion.
- In January 2022, Archroma, a global specialty chemicals company, introduced an eco-advanced approach to the fabric washing procedure. This alternative presented by Jeanologia & Archroma combines the uses of aniline-free & chemical-free “G2 Dynamic”.
Fluorosilicic Acid Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 467.44 million |
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Revenue forecast in 2032 |
USD 794.48 million |
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CAGR |
6.8% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments covered |
By Grade, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
American Elements, Foshan Nanhai Shuangfu Chemical Co., Honeywell International Inc., Thermo Fisher Scientific Inc., Xingxiang Yellow River Fine Chemical Industry Co. Ltd., VWR International LLC, Univar Solutions Inc., Napco Chemical Company, Merck KGaA, Hydrite Chemical, Hawkins Inc., Gelest Inc., and Fencheng Chemical. |
FAQ's
The fluorosilicic acid market report covering key segments are grade, application, and region.
Fluorosilicic Acid Market Size Worth $794.48 Million By 2032.
The global fluorosilicic acid market expected to grow at a CAGR of 6.8% during the forecast period.
Europe is leading the global market.
key driving factors in fluorosilicic acid market are rising adoption of etched glass is driving the demand for fluorosilicic acid market and increased demand from water treatment industry.
