Anhydrous Aluminum Chloride Market - Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning / Landscape Review & Global Market Size Forecast to 2029
Overview
Anhydrous Aluminum Chloride Market was valued at US$ 1 Bn in 2022 and is expected to reach US$ 1.43 Bn by 2029, at a CAGR of 5.2 % during a forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding anhydrous aluminum chloride market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focus on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to emerging segment in market.
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The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Aluminum Chloride is in granule form as well as powdered form in white color. It is one of the key compounds of aluminum and chlorine. Some of the major applications of aluminum chloride comprise waste water treatment, inks, metal precipitation, and food among others. Furthermore, it is used as a granule for Friedel-Crafts reaction in organic synthesis and also for cracking of oil. Additionally, it is also deployed in manufacturing of many petrochemicals which include ethyl benzene, ethyl chloride, and alkylbenzene and alkyl aryl ketone. Moreover, it also finds end user as a key ingredient in polymerization reaction of various hydrocarbons. Depending on the state of matter and on the operating temperature, aluminum chloride displays different structures such as cubic layered, octahedral geometry and trigonal planar. Aluminum chloride can be produced by several methods which include exothermic reaction of chlorine & metal, displacement reaction between metal and copper chloride & others.
Growing demand from various applications, and High demand for anhydrous aluminum chloride in APAC are the major driving factor for the growth of the market in the forecast period. Fluctuating raw materials prices hamper the growth of the market. Increasing export opportunity for anhydrous aluminum chloride in the forecast period is expects to be the opportunity for the market.
Based on form, the granular segment is expected to lead highest market during the forecast period, in terms of volume. The granules of anhydrous aluminum chloride are more valuable than the powdered form, so the demand is much higher in the market of granule. The huge demand for granular anhydrous aluminum chloride is primarily driven by its features, such as excellent flow properties, particle size uniformity, small surface area, and increased compressibility.
Based on application, the market for dyes and pigments is projected to witness the highest growth during the forecast period, in terms of value and volume. The growth of this segment can be attributed due to the increasing use of anhydrous aluminum chloride as a catalyst to derive dye intermediates, such as phthalocyanine green, ethylbenzene, and metaphenoxy benzaldehyde.
Geographically, Asia Pacific is a develop market, followed by North America. The demand in the area is high due to the presence and development of end-use industries for the product. The region accounted highest CAGR of the global market in 2022. In APAC region, China is one of the fastest growing market of Anhydrous Aluminum Chloride, followed by India and Japan. Asia Pacific is a potential market due to the presences of developing countries such as China and India.
Anhydrous Aluminum Chloride Market Scope: Inquire before buying
| Anhydrous Aluminum Chloride Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 1 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 5.2% | Market Size in 2029: | US $ 1.43 Bn. |
| Segments Covered: | by Form | Granule Powder |
|
| by Application | Dyes and Pigments Pesticides Pharmaceuticals and Cosmetics Hydrocarbon Resins Fumed Alumina Electrolytic Production of Aluminum Titanium Dioxide Others |
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Anhydrous Aluminum Chloride Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Anhydrous Aluminum Chloride Market Key Players:
1. Nippon Light Metal Co.
2. BASF SE
3. Aditya Birla Chemicals
4. Gulbrandsen
5. Base Metal Group
6. Kemira
7. Gujarat Alkalies & Chemicals Ltd
8. Xiangshui Long Yang
9. Lynwon Group
10. DCM Shriram Industries
11. Anmol Chloro Chem
12. Seabert Chemicals
13. Juhua Group Corporation
14. Van chlor
15. Kanto Denka Kogyo
16. NipponSoda Co., Ltd
17. Dongying Kunbao Chemical
18. Kanto Denka Kogyo
19. Umiya Group Of Companies
20. Nike Chemical India
21. Vanchlor
Frequently Asked Questions:
1. Which region has the largest share in Global Anhydrous Aluminum Chloride Market?
Ans: Asia Pacific region held the highest share in 2022.
2. What is the growth rate of Global Anhydrous Aluminum Chloride Market?
Ans: The Global Anhydrous Aluminum Chloride Market is growing at a CAGR of 5.2% during forecasting period 2023-2029.
3. What is scope of the Global Anhydrous Aluminum Chloride Market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Anhydrous Aluminum Chloride Market?
Ans: The important key players in the Global Anhydrous Aluminum Chloride Market are – Nippon Light Metal Co., BASF SE, Aditya Birla Chemicals, Gulbrandsen, Base Metal Group, Kemira, Gujarat Alkalies & Chemicals Ltd, Xiangshui Long Yang, Lynwon Group,
5. What is the study period of this Market?
Ans: The Global Anhydrous Aluminum Chloride Market is studied from 2022 to 2029.