The report of Aluminum Chloride Hexahydrate Market By Grade (Industrial Grade, Pharmaceutical Grade), By Application (Water treatment industry, Chemical intermediate, Pharmaceutical, Metal casting industry, Others), and Region (North America, Asia Pacific, Europe, South America, and the Middle East & Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of 4.2% during the forecast period.
The global market for aluminium chloride hexahydrate is being motivated by the increasing demand from the pharmaceutical industry such as used for the treatment of hyperhidrosis. It is commonly used as an antiperspirant. Also, aluminium chloride hexahydrate is used as a coagulant in many sanitary and industrial based wastewater treatment applications, because of its high efficiency and effectiveness in clarification.
Aluminium chloride hexahydrate is also used as a catalyst in the synthesis of aluminium metal. Also, the demand for cosmetic products is another essential factor that has been considered to boost the growth of the global aluminium chloride hexahydrate market. The manufacturing of grooming products for example cream and lotions and other cosmetic products is expected to grow at a significant rate of its consumption resulting in amplified market size of aluminium chloride hexahydrate.
On the other hand, stringent government regulations, due to their adverse effects on the environment could restrain the growth of the aluminium chloride hexahydrate market. Therefore, to diminish the loss, key players in the industry, such as Honeywell International Inc., are highlighting the development of eco-friendly and sustainable solutions to meet the aluminium chloride hexahydrate industry demand. This is expected to improve the market growth of aluminium chloride hexahydrate.
The Asia Pacific market for aluminium chloride hexahydrate is expected to hold the largest market share by 2027. This is mainly because of the increasing manufacturing industries in Asian countries like China and India. The growing pharmaceutical industry in these countries is also encouraging regional market growth. The rising food processing industry in countries such as Indonesia, Myanmar, and Taiwan is expected to boost the growth of the aluminium chloride hexahydrate industry in the Asia Pacific region. North America holds the second-largest market, due to the high presence of drug manufacturers is supporting the market in the North American region. Moreover, Europe is expected to witness high demand for aluminum chloride hexahydrate, on account of the existence of drug manufacturing countries like Italy, Germany, and Belgium.
The key players of the global Aluminum Chloride Hexahydrate market are BASF SE, Aditya Birla Chemicals, Gulbrandsen, Base Metal Group, Kemira, Gujrat Alkalies & Chemicals Ltd, Xiangshui Long Yang, Lynwon Group, DCM Shriram Industries, Anmol Chloro Chem, Seaberts Chemicals, Juhua Group Corporation, Van chlor, kanto Denka Kogyo, Nippon Light Metal Co., IRO Group, Inc., Honeywell International, Inc., Stiefel Laboratories, Inc., Tianjin Flourish Chemical Co. Ltd., and Wuxi Lansen Chemicals Co, Ltd.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Aluminum Chloride Hexahydrate Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Aluminum Chloride Hexahydrate Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Aluminum Chloride Hexahydrate Market positioning of competitors.
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