Global Anhydrous Aluminum Chloride Market was valued at US$ 864.81 Mn in 2019 and is expected to reach US$ 1,297.32 Mn by 2027, at a CAGR of 5.2 % during a forecast period.
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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 anhydrous aluminum chloride market.
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 2017. 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.
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Global Anhydrous Aluminum Chloride Market, by Form:
Global Anhydrous Aluminum Chloride Market, by Application:
• Dyes and Pigments
• Pharmaceuticals and Cosmetics
• Hydrocarbon Resins
• Fumed Alumina
• Electrolytic Production of Aluminum
• Titanium Dioxide
Global Anhydrous Aluminum Chloride Market, by Region:
• North America
• Middle East & Africa
• Asia Pacific
• South America
Key Players Operating In Global Anhydrous Aluminum Chloride Market:
• Nippon Light Metal Co.
• BASF SE
• Aditya Birla Chemicals
• Base Metal Group
• Gujarat Alkalies & Chemicals Ltd
• Xiangshui Long Yang
• Lynwon Group
• DCM Shriram Industries
• Anmol Chloro Chem
• Seabert Chemicals
• Juhua Group Corporation
• Van chlor
• Kanto Denka Kogyo
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