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Fluorosilicic Acid Market Size, Trends, Share, Forecast to 2027

Fluorosilicic acid market is projected to grow at 8% CAGR from 2021 to 2027 owing to increasing government expenditure on water treatment.<br>

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Fluorosilicic Acid Market Size, Trends, Share, Forecast to 2027

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  1. Fluorosilicic Acid Market Size, Trends, Share, Forecast to 2027 Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Fluorosilicic Acid Market: • Fluorosilicic acid is becoming an essential chemical compound for a range of applications like glass etching and water treatment. The product is expected to continue gaining popularity due to myriad reasons, including the rapidly developing economy, growing population, and increased water pollution, especially in developing nations. • Another key factor responsible for fluorosilicic acid market expansion is the mounting investment across the metallurgical sector. As per data from the DPIIT (Department for Promotion of Industry and Internal Trade), the metallurgical industries in India attracted foreign direct investment (FDI) inflows of $16 billion from April 2000 to June 2021. Also, crude steel production is projected to reach 112-114 million tons, a hike of 8% to 9% Y-o-Y in the fiscal year 2022. Promising prospects such as these could stimulate the deployment of fluorosilicic acid solutions for use in metal surface treatment.

  3. Continued... • The advancement of drinking water and wastewater infrastructure has been a major focus for government bodies globally. For example, in November 2021, the U.S. House of Representatives passed the Infrastructure Investment & Jobs Act, which is a nearly $1.2 trillion bill that includes new spending worth $550 billion. Of this, over $55 billion is allocated to wastewater, stormwater, and drinking water infrastructure funding. This increased spending could assert a positive influence on the usage of hydrofluorosilicic acid in water fluoridation activities. • The natural level of fluoride in water ensures high resistance to tooth decay and interferes with cavity-causing bacteria growth. This awareness is influencing health experts in regions like New Zealand to promote the continued supply of fluoridated water. Surge in conditions like chronic gum disease, which affects over 42% of U.S. adults according to CDC data, is also encouraging the use of the chemical compound in drinking water to prevent periodontal problems.

  4. Browse key industry insights spread across 210 pages with 214 market data tables & figures from the report, “Fluorosilicic Acid Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/fluorosilicic-acid-market Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3248

  5. Continued... • In addition, the deadly COVID pandemic has provided huge growth opportunities for the online textile industry, and this trend is anticipated to continue in the future. The rising sales of textiles will therefore amplify the use of fluorosilicic acid-based laundry sour to remove dust stains from clothes, among other applications. • A strong focus on the development of major infrastructures to deliver high-level sanitation services, curb environmental pollution, and reduce transboundary contamination has become prevalent in regions like Europe, amplifying fluorosilicic acid production. According to a Global Market Insights Inc. report, the Europe fluorosilicic acid market will exhibit a CAGR of over 7.5% through 2027.

  6. Continued... • Over recent months, financial institutions have also been allocating considerable sums for wastewater treatment systems. Citing an instance, in December 2021, the EIB (European Investment Bank) invested over $21.9 million to construct a new wastewater treatment facility as well as rehabilitate and extend the existing wastewater collection system in Mitrovica, Kosovo. Also, textiles and clothing has emerged as a diverse sector that plays a prominent role in the European manufacturing sector, employing over 1.5 million people as well as producing a high turnover of around $179.6 billion. • Given the strong application scope of the compound in textile processing as well as wastewater treatments, these developments could create significant growth opportunities for the fluorosilicic acid market over the years ahead.

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