Industry Background:
Aluminium chloride is a chemical compound with the chemical formula AlCl3. It may also be found in over-the-counter as an antiperspirant or prescription products as an antihemorrhagic agent. In antiperspirant products, FDA approves the use of aluminum chloride as an active ingredient up to 15%, calculated on the hexahydrate form, in an aqueous solution non aerosol dosage form. Aluminium chloride is one of the additives used to prepare Fines Control Acid and is used for water treatment. The aluminium chloride is added to the Fines Control Acid system to retard the reaction of the HF acid on formation minerals.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), Kemira (Finland), Gulbrandsen (United States), Gujarat Alkalies & Chemicals Ltd. (India), Aditya Birla Chemicals (India), Base Metal Group (India), Juhua Group Corporation (China), Dongying Kunbao Chemical (China), Canton (India) and NALCO Company (India) |
This growth is primarily driven by Growing Demand for Waste Water Treatment Solutions and Rising Demand for Aluminium Metal Powder.
Globally, a noticeable market trend is evident Increasing Production of Pigments and Dye-Stuffs
Major Vendors, such as BASF SE (Germany), Kemira (Finland), Gulbrandsen (United States), Gujarat Alkalies & Chemicals Ltd. (India), Aditya Birla Chemicals (India), Base Metal Group (India), Juhua Group Corporation (China), Dongying Kunbao Chemical (China), Canton (India) and NALCO Company (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies.
Key Developments in the Market:
In February 2023, CCI approved the acquisition of textiles dyes, and chemical business of Hunstman International LLC., by Archromab Operations S.a.r.l. Through this acquisition, Hunstman International purchased certain amounts of Aluminum Chloride from Archroma.
In October 2021, Kemira, a sustainable chemical solutions provider for water-intensive industries, inaugurated its new APAC R&D center in Shanghai, China. Through this move, the company intended to meet rapidly growing market demand and accelerate efforts to develop renewable, biodegradable, and recyclable products in the Asian region.
Influencing Trend:
Increasing Production of Pigments and Dye-Stuffs and Increasing Demand of Aluminium in Automobile Industry
Market Growth Drivers:
Growing Demand for Waste Water Treatment Solutions and Rising Demand for Aluminium Metal Powder
Challenges:
When It Comes Into Contact With Skin It Can Cause Burning, Itching, and Tingling
Restraints:
Fluctuations in the Raw Material Cost
Opportunities:
Growth of Pharmaceuticals and Personal Care Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Aluminium Chloride Market
- Analysis about New Entrants in Aluminium Chloride Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Aluminium Chloride Study Sheds Light on
The Aluminium Chloride Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aluminium Chloride industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aluminium Chloride industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.