The global hexafluorosilicic acid market is likely to gain momentum from the increasing need to convert aluminium ore into aluminium metal. It is also used by the municipal corporations worldwide to maintain the levels of fluoride in water, as well as by toothpaste manufacturers to prevent tooth decay. This information is provided by Fortune Business Insights™ in an upcoming report, titled, “Hexafluorosilicic Acid Market Size, Share & Industry Analysis, By Application (Chemical Intermediate, Metal Surface Treatment, Water Fluoridation, Wood Preservation, Glass Additive, Ceramic Hardening, Others) Others and Regional Forecast, 2023-2030.” The report also states that hexafluorosilicic acid is often found as a co-product while manufacturing phosphate fertilizers.
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This Report Answers the Following Questions:
- What are the hexafluorosilicic acid market trends, opportunities, and challenges?
- How will the market be affected in the near future amid the changing consumer behaviour?
- Which region is likely to lead in terms of maximum revenue?
- Which segment is expected to dominate by generating the highest share?
- What are the vital strategies followed by key players to intensify competition?
Drivers & Restraints-
Increasing Usage in Textile Industry to Skyrocket Demand
Hexafluorosilicic acid is extensively used in the textile industry owing to its capability to eliminate smudges and stains. Apart from that, it is experiencing a surge in the demand from the chemical processing industry across the globe because it is considered to be an intermediate, as well as a raw material in the manufacturing of numerous chemicals. However, it has certain harmful effects and hence, exposure to it can immediately cause difficulty in breathing, eye irritation, and burns on skin. Being corrosive in nature, it can also cause diarrhoea, blood vomiting, nervous system disorder, and irregular heartbeat under prolonged exposure. These factors may hinder the hexafluorosilicic acid market growth during the forthcoming years.
Segment-
Rising Demand from Municipal Corporations to Drive Water Fluoridation Segment
In terms of application, the market is segregated into ceramic hardening, glass additive, wood preservation, water fluoridation, metal surface treatment, chemical intermediate, and others. Out of these, the water fluoridation segment presently holds the maximum hexafluorosilicic acid market share. This growth is attributable to the increasing demand for this acid from several water treatment plants and municipal corporations. This is because hexafluorosilicic acid helps in maintaining the content of fluoride in water. Also, in various countries, the governments are implementing stringent rules and regulations regarding proper water treatment. It is likely to contribute to the growth of this segment.
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Regional Analysis-
High Demand from Steel & Furniture Industries to Favor Growth in Europe
Based on geography, the market is divided into Asia Pacific, North America, the Middle East and Africa, Latin America, and Europe. Amongst these, Asia Pacific and North America are anticipated to be the major regions by procuring the maximum hexafluorosilicic acid market revenue. Asia Pacific is set to showcase considerable growth on account of the presence of a large number of application industries, especially textiles. In North America, the rising number of rules imposed by the government regarding water treatment would upsurge the demand for this acid.
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