Market Size of Fluorosilicic Acid Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fluorosilicic Acid Market Analysis
The fluorosilicic acid market is expected to register a CAGR of more than 6% during the forecast period, 2021-2026.
COVID-19 negatively impacted the fluorosilicic acid market in 2020. Due to the pandemic, the investments in water treatment slowed down. Low reliability, quality of water, and sanitation are the major risks for the wastewater treatment industry. There was a reduction in demand for industrial water, which registered a fall of 27%, according to the Global Water Leaders Group survey. With the relaxation of the lockdown and restrictions by the governments being slowly lifted around the world, the fluorosilicic acid market is expected to witness positive growth in the coming years.
Over the mid-term, the major factor driving the market studied is a growing demand from the water treatment industry.
On the flip side, the fuming and corrosive nature of fluorosilicic acid is hindering the growth of the market.
The Asia-Pacific region represents the largest market, and it is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
