Ferric Hydroxide Market Is Growing At A Rapid Pace With Expanding Applications In The Wastewater Treatment Industry As Well As The Pharmaceutical Industry
Ferric Hydroxide (FEH) is a compound obtained from iron ore and used in the steel industry for its component ferric thioglycolate. Iron (III) oxide-hydroxide or simply ferric hydroxide is the compound of iron, oxygen, and hydrogen with the formula FeO. The main function of this chemical is the oxidation of plain water using oxygen. Unlike ferrous oxide, it does not have the tendency to increase in volume when it comes in contact with air. Ferric hydroxide is widely used in the wastewater treatment industry. Since the consumption of potable water has increased over the years, the demand for ferric hydroxide has increased subsequently. As per the World Health Organization (WHO), in 2017, around 5.3 billion people, or 71% of the global population used a safely managed drinking water service. This has resulted in high demand for water treatment plants and related products. Hence, such factors can potentially stimulate growth of the ferric hydroxide market. The concentration of ferric hydro...