Fluorosilicic Acid Market

Fluorosilicic Acid Market Size & Growth (2023-2028):

The fluorosilicic Acid market size is valued at USD 0.407 billion in 2022, and its growth is forecasted at a CAGR of 6.92% from 2023-2028

Fluorosilicic acid is a colorless, fume-enhancing liquid that is very pungent and stifling. Industries highly use it for various aspects like water treatment in plants, wood preservation, electroplating, sterilization of various metals, and glass etching, as well as in textile industries. In addition, Fluorosilicic Acid is also used in water fluoridation, which helps maintain alkaline levels in the water, preventing tooth decay, dental cavities, etc. In contrast, high grades of Fluorosilicic Acid can be used as detergents and in handwash. Recently, most fluorosilicic acid has been dumped into water bodies like storage ponds which neutralize with lime and minimize the pollution of local water resources. The fabric industries also use fluorosilicic acid to remove rust and stains. Industries mostly use fluorosilicic acid as it is cost-effective and an easily available resource for a large market. In addition, fluorosilicic acid is environmentally friendly. However, too much exposure to the chemical can lead to harmful results causing irritable damage to the eye and nose, resulting in a build-up of dangerous fluid in the lungs, causing irreversible damage to the person. Hence, companies take precautionary measures in handling Fluorosilicic Acid in industries.

Fluorosilicic Acid Market Drivers:

The demand for Fluorosilicic acid encapsulates due to its nature in sterilization of water, electroplating, and acidizing of oil wells in the industries all play a major factor in the growth of the Fluorosilicic acid market. Most aluminum industries use Fluorosilicic acid to lower its melting point to improve the product's manufacturing to create aluminum fluoride, a chemical used to benefit the customer's fuel savings. Fluorosilicic acid has greatly impacted the customer and the company due to its cost-effectiveness. The growth of Fluorosilicic acid is witnessed in water treatment, which helps improve oral health conditions and prevent dental diseases caused by contaminated water bodies. The Fluorosilicic Acid market has a rapid growth in the Textile Processing market due to various new developments such as industrialization and urbanization, stimulating the growth of textile production. The fluorosilicic Acid market will see a huge expansion if it is promoted. The producers must create awareness in the market segments to increase the demand for Fluorosilicic acid.

 Fluorosilicic Acid Market Restraints:

Fluorosilicic acid is corrosive, and its pungent odor makes it hard for industries to work with this chemical. Furthermore, any prolonged physical contact with fluorosilicic acid can result in the burning of the skin causing severe rashes. Also, inhaling fluorosilicic acid can wither the lungs, nose, and throat, resulting in shortness of breath, wheezing, throat pain, and nosebleeds. Fluorosilicic acid is also air and water-reactive, which can easily be flammable as it releases heat soluble in water. In addition, fluorosilicic acid releases toxic hydrogen fluoride if it is reacted with strong acids. Hence, industries must take preventive measures to properly handle Fluorosilicic acid. Furthermore, there are various other alternatives for fluorosilicic acid, which threatens the market. All these factors are impeding the growth rate of the fluorosilicic market. 

Key opportunities in Fluorosilicic Acid Market:

Fluorosilicic Acid producers are creating lucrative opportunities in the market or maintaining a break-even point. Most companies operating in Fluorosilicic Acid create various opportunities by using strategies such as merging, acquisitions, collaborations, partnerships, etc., to stand out in the competitive market. Fluorosilicic acid producers must create awareness in market areas to stand out in the crowd and promote their product to a large customer base by advertising their product to open new doors for the Fluorosilicic Acid Market. The producer must create opportunities by conducting various research and implementing new technologies to catch the eye of the customer and stand out in the Fluorosilicic Acid market. Furthermore, companies must carry out various research and developments to tap into new market areas and implement new technologies to create opportunities and enhance the end customers' experience.

FLUOROSILICIC ACID MARKET REPORT COVERAGE:

Fluorosilicic Acid Market Segmentation:

Fluorosilicic Acid Market Segmentation: By Grade

• 25%

• 35%

• 40%

The 25% grade segment has been leading with the dominant shares of the market for the past few years and is expected to continue the same growth rate during the forecast period. The low concentration of Fluorosilicic Acid market is used in water to remove various toxins. This is known as Water Treatment, which makes it suitable for drinking water. Therefore, the 35% and 40% grade segments will reach the highest growth rate in 2022-2027. The 35% and 40% grade of fluorosilicic acid is used in textile industries for processing fabrics. This high concentration also removes rust and stains from metal surfaces. However, a high concentration of fluorosilicic acid can be harmful to inhale, and industries must take precautionary measures to handle the fluorosilicic acid.

Fluorosilicic Acid Market Segmentation: By Application

• Water Fluoridation
• Metal Surface Treatment
• Electroplating
• Textile Processing
• Oil Well Acidizing
• Hydrogen Fluoride
• Aluminum Fluoride

The hydrogen fluoride segment has the dominant share. Hydrogen fluoride is used in making refrigerants, aluminum, plastics, pharmaceuticals, fluorescent light bulbs, and many other products that have been marked as the highest application of products and are estimated to reach USD 704 million by 2026. The textile processing segment is expected to reach the highest growth rate by 2027. Also, Textile Processing has been deemed the third largest application with the uprising of textile industries and the demand for its cleansing properties in removing stains, rust, and molds from fabric. Fluorosilicic acid is also used in acidizing oil wells, which helps restore oil wells and maximizes their productivity. Electroplating is a centuries-old process of plating the metal with fluorosilicic acid, which can result in the protection of the metal, providing wear resistance and increasing the thickness of the metal, which helps in the prevention of metal corrosion.  

Fluorosilicic Acid Market Segmentation: By Region

North America

• USA
• Mexico
• Canada

Europe

• France
• Germany
• Italy
• Switzerland
• United Kingdom
• Denmark 

Asia-Pacific

• India
• China
• Japan
• South Korea
• Thailand
• Malaysia
• Australia

Latin America

• Middle East
• UAE
• Saudi Arabia
• South Africa
• Latin America
• Brazil

 In terms of region, Asia-Pacific is expected to dominate the entire market area of Fluorosilicic Acid. There are large market areas and the highest population in countries like China, India, and Japan to expand the business. Asia-Pacific is rapidly changing its course by urbanizing and developing its countries. Europe was the second highest region in the production of Fluorosilicic Acid before Brexit as UK and Germany were majorly in the manufacture and production of Fluorosilicic Acid across Europe. However, North America also has substantial growth in expanding its business. In addition, regions like the Middle East & Africa, and Latin America are anticipated to boom in the Fluorosilicic Acid market in the coming years.

Key Players of the Fluorosilicic Acid Market

• Solvay
• Hawkins
• Honeywell International inc
• Dow chemicals
• Mosaic Company
• WWR International
• Gelest Inc
• Napco Chemical Company
• IXOM
• American Elements