Global Anhydrous Aluminum Chloride Market by Form (Granule, Powder), by Application (Dyes and Pigments, Pesticides, Pharmaceuticals and Cosmetics, Hydrocarbon Resins, Fumed Alumina, Electrolytic Production of Aluminum, Titanium Dioxide, and Others) and by region (North America, Europe, Asia Pacific, Middle East & Africa and South America) is expected to reach US$ 1,297.32 Mn by 2027, at a CAGR of 5.2 % during a forecast period.
Anhydrous aluminum chloride is an odourless white granule solid, also called as aluminum trichloride (AlCl3) and gives a yellow colour due to contamination. The huge demand for anhydrous aluminum chloride is driven by its growing scope of use in the end user industries of consumer goods, pharmaceuticals, and especially dyes and pigments. Though, the global anhydrous aluminum chloride market is being restricted in its growth by factors such as rising awareness about the harmful emission while manufacturing and their consequences on the environmental health.
Granule form segment are rapidly increasing during the forecast period.
Granule form segment dominated the global market by acquiring largest share of the global market at a dynamic CAGR of in 2017. It is used as in many industries such as for Dyes and Pigments, pharmaceutical, cosmetics and some others. Dyes and Pigments is the major downstream of Granule taking 30% of the world Granule consumption in 2017.
The Anhydrous Aluminum Chloride Market in Asia Pacific region is expected to hold the largest share during the forecast period.
Geographically, Asia Pacific is a leading market for the Anhydrous Aluminum Chloride on accounts of its high demand in Dyes and Pigments and various cosmetics applications. However, with the increasing demand for Dyes and Pigments, manufacture of Anhydrous Aluminum Chloride are expected to expand their production to sustain their market position. Moreover, developing regions such as Asia Pacific hold huge potential for the overall Anhydrous Aluminum Chloride market. Moreover, strong awareness about Dyes and Pigments facilities to attain sustainable business growth has been driving product demand over the past years.
Key players operating in the global Anhydrous Aluminum Chloride market are Nippon Light Metal Co., 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, and kanto Denka Kogyo. Key players and manufactures are focusing on entering the new market by producing and launching technically advance and cost-effective products in the market. Production capacity expansion, brand portfolio expansion, mergers, collaborations, joint ventures and acquisitions of innovative businesses is the key trend to foot hold and penetrate market.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about global anhydrous aluminum chloride market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking in product 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 anhydrous aluminum chloride 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 have been taken into consideration for enhancing market know-how of our clients and at the same time explain global anhydrous aluminum chloride market positioning of competitors.
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