[FURL=https://www.industryarc.com/Report/15862/fluorosilicic-acid-market.html]Fluorosilicic Acid Market[/FURL] size is forecast to reach $1.2 billion by 2025 after growing at a CAGR of 5.8% during 2020-2025. Fluorosilicic acid is an organic liquid produced as a by-product of hydrogen fluoride and phosphoric acid production. It is generally used for fluoridation of water to maintain fluoride level in water by municipal corporations and in toothpaste.Key Takeaways
APAC dominates the fluorosilicic acid market owing to increasing demand from textile industry.
The growing demand for water fluoridation is expected to drive the growth of the global fluorosilicic acid market during the forecast period.
The corrosive nature and fuming property of concentrated fluorosilicic acid limiting its usage is the key restraint for the growth of fluorosilicic acid market.
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Fluorosilicic Acid Market Segment Analysis - Geography
APAC dominates the fluorosilicic acid market with a share of 41% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in the textile sector. The significant impacting factors in the textile industry include development of apparel industries due to increase in demand for consumers and growth in population. Along with these factors, the market is influenced by the increase in demand for home furnishing products, evolution of environmental friendly chemicals required by textiles industries, and development of packaging industries, which require large textile chemicals. The above-mentioned factors collectively create opportunities for the market growth. On-going advancements in the textile industry due to innovative efforts have further enhanced the application of fluorosilicic acid. These factor will drive the growth of market in the forecast period.
Fluorosilicic Acid Market Drivers
Increasing Adoption of Etched Glass Products will drive the growth of market
Rising demand of fluorosilicic acid in fluoridation of drinking water and toothpaste is expected to drive the market
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the fluorosilicic acid market. In 2019, the market of fluorosilicic acid has been consolidated by the top five players accounting for xx% of the share. Major players in the fluorosilicic acid Market are Liaoning Jiayuan, Fencheng Chemical, Searles, Dalian Junma Group, Mosaic, and Others.
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