The anhydrous aluminum chloride market is projected to grow at a CAGR of 4.19% from 2017 to 2022. The anhydrous aluminum chloride market is estimated to be USD 772.8 million in 2017 and is projected to reach USD 948.6 million by 2022, at a CAGR of 4.19% from 2017 to 2022. This growth is mainly driven by the increased use of anhydrous aluminum chloride in various applications, such as dyes and pigments, pesticides, pharmaceuticals and cosmetics, hydrocarbon resins, and fumed alumina. The fluctuating price of raw materials acts as a restraint to the growth of the anhydrous aluminum chloride market.
Based on form, the granular segment of the anhydrous aluminum chloride market is projected to witness the highest growth during the forecast period. The granular form segment is the fastest-growing segment of the anhydrous aluminum chloride market. The demand for granular anhydrous aluminum chloride is primarily driven by its characteristics, such as excellent flow properties, particle size uniformity, small surface area, and increased compressibility.
Based on application, the dyes and pigments segment is projected to witness the highest growth during the forecast period. The dyes and pigments segment is the fastest-growing application segment of the anhydrous aluminum chloride market.Anhydrous aluminum chloride is used as a catalyst to derive major dye intermediates, such as anthraquinone, phthalocyanine green, ethylbenzene, and metaphenoxy benzaldehyde.
The demand for dyes and pigments is driven by their increasing use in textiles, printing inks, plastics, and paints & coatings.
China is the largest and the fastest-growing market for anhydrous aluminum chloride in APAC as well as globally. China is the largest and the fastest-growing market for anhydrous aluminum chloride in APAC as well as globally. Rapid industrialization, high demand for anhydrous aluminum chloride from various applications, and increased government spending on industrial developments are key factors projected to drive the growth of the anhydrous aluminum chloride market in China.
China is the leading producer and consumer of dyes and pigments.Anhydrous aluminum chloride is used as a catalyst in the manufacture of dyes and pigments.
Thus, the increased demand for dyes and pigments in China is projected to influence the growth of the anhydrous aluminum chloride market in this country.
Extensive primary interviews were conducted to determine and verify the market sizes of various segments and subsegments obtained from the data gathered through secondary research. The breakdown of primary interviews is given below.
• By Company Type - Tier 1 – 54%, Tier 2 – 35%, and Tier 3 – 11%
• By Designation - C-Level Executives – 44%, Directors – 34%, and Others – 22%
• By Region - APAC – 63%, Europe – 18%, North America – 12%, South America– 4%, and the Middle East & Africa – 3%
Key players profiled in the anhydrous aluminum chloride market report include Gulbrandsen (US), Aditya Birla Chemicals (India), Gujarat Alkalies and Chemicals (India), BASF (Germany), Kemira Oyj (Finland), and Nippon Light Metal (Japan).
Research Coverage: This report covers the consumption of anhydrous aluminum chloride in different applications and regions.It aims at estimating the size and future growth potential of the anhydrous aluminum chloride market and its segments based on form, application, and region.
The report also includes an in-depth competitive analysis of key players operating in the anhydrous aluminum chloride market, in addition to their company profiles, recent developments, and key growth strategies.
Key Benefits of Buying the Report: This report aims at helping market leaders/new entrants in the anhydrous aluminum chloride market by providing them the closest approximations of revenues for the anhydrous aluminum chloride market and its subsegments.It also aims at helping stakeholders obtain an in-depth understanding of the competitive landscape of the market and gain insights to improve the position of their businesses by adopting suitable market strategies.
The report provides information on key market drivers, restraints, challenges, and opportunities, which help stakeholders understand the pulse of the market.
Our reports have been used by over 10K customers, including:
110 pages •
By Asia Market Information & Development Company
• Apr 2021
This study focuses on China’s Textile Chemicals industry forecasts. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major...
The 1-Decene market is estimated to grow from USD 576 million in 2020 to USD 798 million by 2025, at a CAGR of 6.7%. The 1-Decene market is driven mainly by increasing demand for PAO-based synthetic lubriacnts. However, growth of group III base oil and volatalile raw material prices are expected to restrain market growth. The automobile...
The solvents market is projected to grow from USD 21.8 billion in 2020 to USD 30.0 billion by 2025, at a CAGR of 6.6% during the forecast period. Growth in the personal care, home care and pharmaceuticals sectors is expected to drive the demand for solvents during the forecast period. While stringent regulatory environment regarding the use...
The global metal cleaning chemical market size is projected to reach USD 16.5 billion by 2025 from USD 12.9 billion in 2020, at a CAGR of 5.0%. The growth is anticipated primarily due to development in Asia Pacific post COVID-19 recovery, coupled with the rise in the Industrial sector. The factors restraining the growth of this market are...
The chemical industry is the third largest in China, after textiles and machinery, and accounts for 10% of the country’s GDP, as well as for between 35% and 40% of the global demand growth for chemicals. China’s chemical industry is the second largest consumer, after the US, of basic chemical products - fully 45% of the total for Asia. However,...
73 pages •
By Infiniti Research Limited
• Jul 2016
About the Performance Chemicals Market Performance chemicals are used for specialized applications, concentrating more on industry specific requirements compared with basic or commodity chemicals. These chemicals impart a variety of features to the products. These chemicals are used in varied applications, ranging from providing gloss...
Executive Summary A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Third Party Chemical Distribution Market. The report has been analyzed By Type (Specialty, Commodity,...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.