The global aluminum chloride market size was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors responsible for driving market revenue growth are diverse applications of the product, usage of low-cost aluminum chloride coagulants in domestic wastewater treatment, and increased research on the use of aluminum chloride as a coagulant in developing countries. Besides, the chemical compound is extensively used as a sludge dewatering agent in wastewater treatment systems. It has further surged the demand for aluminum chloride from various industries across the globe.
Aluminum chloride is a yellow or white odorless, crystalline solid having high boiling point and low melting point. It is mainly utilized as a catalyst in the chemical industry for a wide range of applications, such as pharmaceuticals, cosmetics, dyes pigments, reforming hydrocarbons, and pesticides. At the same time, it is used as a nucleating agent in the production of titanium dioxide, electrolytic production of aluminum, and manufacturing of fumed alumina.
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Top Players in the Global Aluminum Chloride Market:
GFS Chemicals, Guldbrandsen, Cellmark AB, Skyhawk Chemicals, Gujarat Alkalies Chemicals Limited, Aditya Birla Chemicals, Southern Ionics, and Tokyo Kasei Kogyo Co., Kemira Kemi AB, GEO Specialty Chemicals, Inc., Noah Technologies Corporation
Aluminum chloride is being increasingly used as a sludge dewatering agent in wastewater treatment systems. Cost-effective aluminum chloride coagulants are nowadays being utilized extensively in domestic wastewater treatment, which, in turn, is anticipated to boost the aluminum chloride market growth in the upcoming years. Also, the high demand for dyes and pigments in the expanding paints coatings, printing ink, textile, plastics, and other niche industries would propel growth. The market is anticipated to be driven majorly by increasing usage of anhydrous aluminum chloride in various applications.
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Market segmentation based on Form Outlook:
- Dyes Pigments
- Pharmaceuticals Cosmetics
- Hydrocarbons Resins
- Fumed Alumina
- Electrolytic Production of Aluminum
- Titanium Dioxide
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Aluminum Chloride market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Aluminum Chloride market?
- Which regional market is expected to lead in terms of revenue share in the global Aluminum Chloride market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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