Fluorosilicic Acid Market Research, 2031
The global 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, flammable liquid with a strong odor. It is a byproduct of the manufacturing of hydrogen fluoride and phosphoric acid. Fluorosilicic acid is typically disposed of by neutralizing it with limestone or lime milk to produce safe inert byproducts. The acid is commercially available as a 70% aqueous solution in chemically pure and technical grades. It is used to harden cement and pottery, to fluoridate water, and to preserve wood. It is also utilized extensively in a variety of applications, including water fluoridation in water treatment facilities, textile, metal processing, electroplating, and acidizing oil wells.
Fluorosilicic acid has been widely utilized in industrial and municipal processes. Key to the growth of the fluorosilicic acid market is the diverse range of applications for different forms of fluorosilicic acid. In recent years, chemical manufacturers in the fluorosilicic acid market have increased production volumes to meet demand for metal surface treatment, textile processing, and ceramics manufacturing in various developing and developed regions. Fluorosilicic acid is most commonly utilized in the production of toothpaste. Fluorosilicic acid is used in commercial agents such as silicon tetrafluoride, cryolite, and fluorosilicates.
In addition, fluorosilicic acid is used for a variety of purposes, including sterilization, commercial laundry, neutralizing agent, and rust removal. Fluorosilicic acid is used to remove stains and rust from fabrics, therefore an increase in demand from the textile sector is anticipated to further stimulate market growth. The product's affordability, excellent quality, and environmental friendliness, as well as the availability of raw materials and the modernization of manufacturing facilities, will stimulate market expansion. Fluorosilicic acid solutions are caustic, and prolonged skin and eye contact can cause irreparable eye damage. Inhaling strong solutions of fluorosilicic acid can burn and irritate the nose, throat, and lungs, causing nosebleeds, coughing, wheezing, and shortness of breath. This negative health effects can hamper the growth of fluorosilicic acid market. Many manufacturers of fluorosilicic acid are currently operating, which has fragmented their overall market share. It is becoming increasingly challenging for players to maintain operations without incurring revenue or profit margin losses. In order to stand out in a competitive market, players must invest a substantial amount of money in product marketing. This offers a lucrative opportunity for the fluorosilicic acid market. The demand for fluorosilicic acid is anticipated to be driven by increasing demand from water treatment plants and the expanding applications in the construction industry in developing countries such as China, Japan, South Korea and India.
Fluorosilicic acid market is segmented on the basis of grade, application and region. Depending on grade, the market is categorized into 25%, 35%, 40% and others. On the basis of application, the market is categorized 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 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.
The 40% segment accounted for the largest share i.e., 47.3% and is the fastest growing segment, growing around 7.0% CAGR over the forecasted period, this is because it preserves the level of fluorine in the water, hence avoiding tooth decay.
The water fluoridation segment accounted for the largest share i.e., 49.15% and is the fastest growing segment, growing around 7.2% CAGR over the forecasted period. This is due to rising consumer concerns about preventing tooth decay and need for safe and effective ingredients to protect all ages from cavities.
Asia-Pacific contributed the 32.30% market share in 2021 and is projected to grow at CAGR of 7.4% during the forecast period. Owing to the increased need for water treatment. Asia-Pacific has garnered major share in fluorosilicic acid market.
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.
Fluorosilicic Acid Market Report Highlights
| Aspects | Details |
 By Grade |
|
 By Application |
|
 By Region |
|
 Key Market Players | Xingxiang Yellow River Fine Chemical Industry Co., Ltd., Hydrite Chemical, Solvay SA, ixom, Merck KGaA, Univar Solutions Inc., Foshan Nanhai Shuangfu Chemical Co., Thermo Fisher Scientific Inc, Hawkins, Inc., American Elements, Gelest Inc., Honeywell International Inc., kc industries, VWR International, LLC, Napco Chemical Company |
Analyst Review
According to the perspective of the CXOs of leading companies, Fluorosilicic acid (FSA) has been popularly used in industrial or municipal applications/processes. The wide array of uses of different forms of fluorosilicic acid is key to expansion of the fluorosilicic acid market. Over the past several years, chemical manufacturers in the fluorosilicic acid market have augmented production volumes to meet the demand for metal surface treatment, textile processing, and ceramics manufacturing in various developing and developed regions. FSA has been most popularly employed in making toothpaste. Some of the commercial agents where FSA is used are silicon tetrafluoride, cryolite, and fluorosilicates. Oil and gas industry uses fluorosilicic acid for well acidification in the new as well as existing wells and fluorosilicic acid is also used for corrosion resistance. This is driving the demand for fluorosilicic acid market.
Increased demand from water treatment industry and increasing adoption of etched glass is driving the demand for fluorosilicic acid market.
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.
Asia-Pacific is the largest regional market for Fluorosilicic Acid.
Water fluoridation is the leading application of Fluorosilicic Acid Market.
Increasing demand textile industry is the upcoming trends of Fluorosilicic Acid Market.
COVID-19 had negative impact on fluorosilicic acid market owing to deacrese in demand from construction and automotive industry.
American Elements, ., Hawkins, Inc., Honeywell International Inc., Solvay SA and Thermo Fisher Scientific Inc. are some of the are the top companies to hold the market share in Fluorosilicic Acid.
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