Fluorosilicic Acid Market Growth & Forecast Analysis | 2022-2028

Market Insights

The fluorosilicic acid market was estimated at USD 390.2 million in 2021 and is likely to grow at a CAGR of 7.98% during 2022-2028 to reach USD 669.35 million in 2028.

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What is fluorosilicic acid?

Fluorosilicic acid is an organic compound and has a distinctive sour taste and pungent smell. It is manufactured as a co-product in the production of phosphate fertilizers.

Market Drivers

The growth of the fluorosilicic acid market is primarily driven by-

• Increasing demand for water fluoridation,
• Increasing demand for electroplating,
• Increasing demand for oil well acidizing.

Segment Analysis

By Grade Type

Based on the grade type, the market is segmented as 40% grade, 35% grade, and 25% grade. 35% grade is projected to be the largest segment of the market during the forecast period. It is majorly used as a wood preservation agent and as an herbicidal agent.

By Application Type

Based on the application type, the market is segmented as water fluoridation, textile processing, metal surface treatment, hydrogen fluoride, aluminum fluoride, silicofluorides, electroplating, hide processing, oil well acidizing, and others. Water fluoridation is estimated to be the dominant segment of the market during the forecast period. Fluorosilicic acid is used in public water treatment plants for lessening dental caries by regulating the fluoride content of the water.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the fastest-growing market led by China, Japan, India, and South Korea. Changing consumption patterns, increasing population, rapid urbanization, significant economic development, and growing per capita income are the major factors impacting the growth of the market. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories. 

By Grade Type

• 40% Grade
• 35% Grade
• 25% Grade

By Application Type

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

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the market are-

• Solvay
• Mosaic
• Gelest
• Sigma Aldrich
• KC Industries.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the application types by grade type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.