According to the current analysis
of Reports and Data, the global anhydrous
aluminum chloride market was valued at USD 796.2 Million in 2018 and
is expected to reach USD 1.12 Billion by the year 2026, at a CAGR of 4.3%.
Anhydrous aluminum chloride is an odorless white crystalline solid, which is
also known as aluminum trichloride. It often gives a yellow color due to
contamination and is synthesized from gaseous chlorination of molten aluminum.
Anhydrous Aluminum Chloride is used as a catalyst in the processing of
pharmaceuticals, agricultural chemicals, polymers, flavors, and fragrances.
Flourishing apparel,
construction, and automotive industry will contribute in anhydrous aluminum
chloride market growth due to the wide application of the product in dyes &
pigments, which are used continuously in textiles, paints & coatings,
varnishes, etc. The product is also utilized in the cosmetics industry in
synthesizing perfumes, deodorants, and other fragrances. Prompt changes in the
lifestyle of people are likely to fuel the growth of the cosmetic industry in
the coming years. The upswing in industrialization demands more for wastewater
treatment solutions thus increases the demand for aluminum chloride and boosts
the market. Stringent regulations have been imposed by the government on the
usage of the product due to its hazardous and toxic nature for human health and
environment. It hampers the growth of anhydrous aluminum chloride market size
in the coming future.
Further key findings from
the report suggest
- Dyes stuff and pigments have extensive applications in the construction, apparel, and automotive industry, which contribute to the growing trends in the future. On the other hand, fumed alumina has a wide range of applications as adhesives and sealant in paint & coatings, packaging, and other industries.
- Asia-pacific is undergoing faster industrialization,
urbanization, pharmaceutical, paints, and coating industries, which are
driving the demand for anhydrous aluminum chloride for various
applications and contributing to the growth in anhydrous aluminum chloride
market.
- Granule's form of the material is its dominating
segment. This is mainly due to various applications where the granules are
used, thus being more valuable than the powdered form.
- The dyes and pigments segment is showing the fastest
growth of the anhydrous aluminum chloride market. Anhydrous aluminum
chloride is used as a catalyst to derive major dye intermediates.
- Granule form segment of anhydrous aluminum chloride
is valued at USD 3 million in 2018 and is expected to grow rapidly with a
market share of 54.5%.
- Rise in domestic production of dyes and chemical
pigments. Also, China, Japan, and India are major producers and consumers
of pesticides, pharmaceutical drugs, and cosmetics in Asia-Pacific with
CAGR of 5.2%.
- Hydrocarbon resins are valued at USD 89.5 million in
2018 and expected to reach USD 126.27 million in 2026 with steady growth.
- Some of the key market players in anhydrous aluminum
chloride are BASF SE, Kemira, Gulbrandsen, Gujarat Alkalies &
Chemicals Ltd., Aditya Birla Chemicals, Base Metal Group, Xiangshui Long
Yang and Lynwon Group.
To identify the key trends in
the industry, click on the link below:
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