Anhydrous Aluminum Chloride Market - The increase in the colorant market is dire
Posted by rohan on January 21st, 2020
The global market for anhydrous aluminum chloride is expected to grow moderately during the forecast period (2018-2023). The Asia-Pacific region is expected to experience the highest growth among all other regions.
Market Drivers and Restraints:
The increased use of anhydrous aluminum chloride in several industries has required a more systematic market than the current fragmented style. Many medium and large players are proposing new technologies in advanced products made with anhydrous AlCl3 so that it can be used in a variety of industries. The agricultural sector is also one of the reasons for growth because it is used as a pesticide on farms, which increases the demand for the product in question.
Anhydrous aluminum chloride is used as a catalyst in the manufacture of dyes. In terms of numbers, 24% of the total anhydrous aluminum chloride represented only the dye manufacturing industry. The increase in the colorant market is directly related to the growth of this market.
It is also one of the critical materials of the cosmetic and pharmaceutical industry, also responsible for the market explosion. The increase of harmful waste produced by manufacturing, high maintenance costs, and necessary labor requirements are among the factors that hinder the growth of the market. Strict environmental policies and lack of awareness and maintenance of toxic effluents are also among the reasons to slow down market growth.
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Report Segmented as:
By geography, the market is segmented in Latin America, Asia Pacific, Europe, North America, the Middle East, and Africa. Asia and the Pacific region is expected to experience the fastest growth in the forecast period (2018-2023), both in terms of volume and size. Rapid industrialization in the Asia-Pacific region has required that anhydrous aluminum chloride is used as a raw material in various manufacturing industries. China is expected to experience the fastest growth among all people in this region.
Key Market Players:
Among the leading market players, Gulbrandsen (United States of America), Aditya Birla Chemicals (India), Gujarat Alkalies& Chemicals (India), BASF (Germany), KemiraOyj (Finland), Nippon Light (Japan) and Xiangshui Yang Long (China).
Gulbrandsen (United States of America) launched a wastewater treatment project in North America, the Caribbean, and Asia-Pacific. Variety of products derived from anhydrous aluminum chloride as aluminum chlorhydrate solution (ACH), polyaluminium chloride solution (PAC) and other special mixtures.
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The Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.
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About the Authorrohan
Joined: September 20th, 2017
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