Aluminum Chloride Hexahydrate Market Size, Share, Growth, and Industry Analysis by Type (Industrial Grade, Experimental Grade), by Application (Petroleum Chemical Industry, Papermaking, Water Purification), and Regional Insights and Forecast From 2024 To 2032

ALUMINUM CHLORIDE HEXAHYDRATEMARKET REPORT OVERVIEW

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The global aluminum chloride hexahydrate market size was USD 33.43 million in 2021 and is projected to touch USD 51.24 million by 2032, at a CAGR of 3.96% during the forecast period. In the market study, our analysts have considered aluminum chloride hexahydrate players such as Applichem, Zhejiang Haiqiang Chemical, Shanghai Forever Synthesis, Hebei Tongsen Trade, and Hutong Global.

Aluminum chloride hexahydrate is white to pale in color crystalline powder, which is stable at room temperature. It is one of the major compounds of aluminum and chlorine. Growing demand for aluminum metal powder from numerous industries is major factor that is expected to fuel the growth of the industry during the forecast period. Waste water treatment is one of the major application areas for aluminum chloride it is anticipated to witness steady growth during the forecast period. In waste water treatment systems it is used as a sludge dewatering agent has helped to proliferate demand. The use of low cost aluminum chloride coagulants in domestic wastewater treatment has increased its popularity in the market.

Industrial Chemicals such as specialty chemicals are used in various end-use industries like food, personal care and home care. Henceforth, the growing demand from such end-users has increased the production level of chemicals. It is corrosive and should be handled with care due to its ability to cause skin irritation and damage to the respiratory system if inhaled. It also releases hydrogen chloride gas when in contact with water. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market.Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings.Constant innovation in manufacturing of products is anticipated to stimulate product demand.

ALUMINUM CHLORIDE HEXAHYDRATEMARKET SEGMENTATION

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• By Type Analysis

According to type, the market can be segmented into industrial grade, experimental grade.

Industrial grade will capture the maximum market share through forecast period. Industrial-grade aluminum chloride hexahydrate refers to a refined, standardized, and commercially produced form of the compound. It meets specific quality standards suitable for industrial applications. This grade is used in various industries like water treatment, pharmaceuticals, dyes, and as a catalyst in organic synthesis.

• By Application Analysis

According to application, the market can be segmented into petroleum chemical industry, papermaking, water purification.

Aluminum chloride hexahydrate market players cover segment as water purification will dominate the market share during forecast period. It aids in the removal of impurities, suspended particles, and organic matter from water by causing small particles to clump together, making it easier to filter them out.

DRIVING FACTORS

"Increasing Demand In Pharmaceutical Industry To Boost The Market Growth"

Aluminum chloride is an intermediate in the manufacture of various pharmaceuticals including Ibuprofen and is used for treating pain, fever and inflammation. The number of overweight person has risen by shifting diets and unhealthy eating patterns. Pharmaceutical and metal processing industries are the major providers to the market growth of aluminum chloride hexahydrate over the forecast period. Continuous investment in the pharmaceutical industry is expected to support the growth.

"Technological Advancement and Development To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the aluminum chloride hexahydrate market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices.

RESTRAINING FACTOR

"Price Fluctuations To Hamper The Market Growth"

Price instability is hampering development of aluminum chloride hexahydrate market. Raw materials plays an important role in this industry. Fluctuating raw material price and struggle in storing aluminum chloride are the major factors that are anticipated to limit the market growth. Technical difficulties will reduce the industry revenue.

ALUMINUM CHLORIDE HEXAHYDRATEMARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market Due To Clean Water Sources And Personal Care Products"

Asia Pacific is further expected to witness growth in the aluminum chloride hexahydrate market share. The region is dominating the market due to increasing demand for clean water sources and personal care products. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

LIST OF TOP ALUMINUM CHLORIDE HEXAHYDRATE COMPANIES

• Applichem (U.S.)
• Zhejiang Haiqiang Chemical (China)
• Shanghai Forever Synthesis (China)
• Hebei Tongsen Trade (China)
• Hutong Global (China)

INDUSTRIAL DEVELOPMENT

2017:DCM Shriram industries announced a project to develop a plant in Bharuch, India that is expected to produce 60 TPD of anhydrous aluminum chloride. Morever the company focuses on strengthening the chlor alkali business by expanding its production capacity.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.