Portland, OR, Sept. 22, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global fluorosilicic market generated $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. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $389.4 million |
| Market Size in 2031 | $727.4 million |
| CAGR | 6.5% |
| No. of Pages in Report | 250 |
| Segments Covered | Grade, Application, and Region |
| Drivers | Increase in production volumes to meet demand for metal surface treatment |
| Rapid industrialization and urbanization | |
| Opportunities | Significant surge in demand from the textile sector and modernization of manufacturing facilities. |
| Extensive applications in various industrial and municipal processes | |
| Restrains | Adverse effects on human body due to prolonged exposure |
COVID-19 Scenario:
- The outbreak of COVID-19 has had a negative impact on the growth of the global fluorosilicic market, owing to the stringent restrictions as imposed by the governments of various countries around the world.
- Lockdowns resulted in the closure of various manufacturing facilities, including those of chemicals, which adversely impacted the growth of the market.
- In addition, reduction in workforce, and decreased demand from other industries due to the closure of operations further aggravated the impact on the market.
- Besides, most prominent oil, gas, and chemical firms are reducing capital and operational expenditures owing to disruption in supply and demand chain due to COVID-19 pandemic. However, the market is expected to recoup soon.
The report offers detailed segmentation on the global fluorosilicic market based on grade, application, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.
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Based on grade, the 40% segment held the largest market share in 2021, holding nearly half of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 7.0% during the forecast period. The report also analyses other segments of the market such as 25%, 35%, and other segments.
Based on application, the water fluoridation segment held the dominating market share in 2021, holding nearly half of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 7.2% during the forecast period. The report also analyses other segments of the market such as textile processing, metal surface treatment, hide processing, oil well acidizing, and others.
Based on region, the market across Asia-Pacific region held the dominating market share in 2021, holding nearly one-third of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same region is expected to cite the fastest CAGR of 7.4% during the forecast period. The report also analyses other regions such as Europe, North America, and LAMEA.
The key players analyzed in the global fluorosilicic market report 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.
The report analyzes these key players in the global fluorosilicic market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
