FMI Injectable Drug Delivery Market Global Industry An | Page 4

Injectable Drug Delivery Market Research Report and Overview on Injectable Drug Delivery Market, 2015-2025 Ferric sulfate is a whitish yellow crystalline compound. It is acidic in nature and is corrosive to copper, copper alloys and galvanized steels. It is soluble in water and is hygroscopic in nature. It can be extracted from its ores such as mikasaite, lausenite and kornelite among others. Commercially, it is manufactured by oxidizing ferrous sulfate. The largest application of ferric sulfate is in waste water purification. The growing awareness towards health is the primary driver for the growth of ferric sulfate market. The presence of various harmful chemicals and suspended particles in water are undesirable and need to be clarified in order to make it suitable for consumption. Ferric sulfate is used to coagulate contaminants and make water potable. Another key driver for the market of ferric sulfate is the growing semiconductors industry. Double distilled water is used in the semiconductor industry. One of the preliminary steps to obtain double distilled water is the use of ferric sulfate. The growing electronic and micro chips industry is driving the market of ferric sulfate and is expected to continue this trend in the forecast period. Ferric sulfate is however, highly acidic. When ferric sulfate comes in contact with skin it causes severe burns. Thus, the storage and handling of ferric sulfate has to be conducted with extreme caution and is expected to hinder the growth of the mar ket. The growing GDP of BRICS nations is expected to open new areas of opportunities for the ferric sulfate market. Additionally, ferric sulfate is used as an alternative to aluminum salts for water purification, since the presence of aluminum in treated water is undesirable and a cause of concern to many. This is expected to increase the usage of ferric sulfate in waste water treatment, in the forecast period. ©2015 Future Market Insights, All Rights Reserved 4