The anhydrous aluminum chloride market is projected to grow from USD 772.8 million in 2017 to USD 948.6 million by 2022, at a CAGR of 4.19% during the forecast period. In this study, 2016 is considered as the base year to estimate the size of the anhydrous aluminum chloride market, while the forecast period is considered from 2017 to 2022. The increasing use of anhydrous aluminum chloride in major applications, such as dyes and pigments, pesticides, pharmaceuticals and cosmetics, hydrocarbon resins, and fumed alumina is one of the most significant factors projected to drive the growth of the anhydrous aluminum chloride market.
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The granular form segment accounted for a larger share of the anhydrous aluminum chloride market as compared to the powder form segment in 2016, in terms of volume. The growth of the granular form segment can be attributed to the increasing use of granular anhydrous aluminum chloride as a catalyst for various applications, such as dyes and pigments, pesticides, pharmaceuticals and cosmetics, and reforming hydrocarbons. Granular anhydrous aluminum chloride is also used in the production of fumed alumina and titanium dioxide
The granular form segment is the fastest-growing segment of the anhydrous aluminum chloride market. The demand for granular anhydrous aluminum chloride is driven by its characteristics, such as excellent flow properties, particle size uniformity, small surface area, and increased compressibility.
The dyes and pigments segment is the fastest-growing application segment of the anhydrous aluminum chloride market. This growth is mainly driven by the increasing use of anhydrous aluminum chloride as a catalyst to derive major dye intermediates, such as anthraquinone, phthalocyanine green, ethylbenzene, and metaphenoxy benzaldehyde.
APAC is the fastest-growing market for anhydrous aluminum chloride. The growth of the anhydrous aluminum chloride market in APAC can be attributed to the rise in domestic production of dyes and chemical pigments. China, Japan, and India are major producers and consumers of pesticides, pharmaceutical drugs, and cosmetics in APAC.
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Gulbrandsen (US), Aditya Birla Chemicals (India), Gujarat Alkalies and Chemicals (India), BASF (Germany), Kemira Oyj (Finland), and Nippon Light Metal (Japan) are some of the leading players in the anhydrous aluminum chloride market. These companies are focused on the adoption of organic growth strategies to increase their production capacities and market share.
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The global anhydrous aluminum chloride market is anticipated to exhibit a healthy competition amongst its market players in the next few years, says Transparency Market Research according to a recently published report.
Most businesses are launching new products that make use of the anhydrous aluminum compound, which are used in various sectors.
This is mainly due to various applications where the granules are used, thus being more valuable than the powdered form.
This is mainly due to the rising demand of consumer goods and pharmaceuticals in major countries such as India and China from the Asia Pacific region.Obtain Report Details: https://www.transparencymarketresearch.com/anhydrous-aluminum-chloride-market.htmlRise in the Use of Dyes and Pigments to Prove Beneficial to the MarketOne of the foremost factors that could lead towards better growth in the global anhydrous aluminum chloride market is the rise in demand of products such as dyes and pigments, which make use of this material.
The increase in demand for anhydrous aluminum chloride in consumer goods, cosmetics, and pharmaceuticals also is a key factor that is responsible for boosting growth in this market.The global anhydrous aluminum chloride market may be riding high on the wave of several beneficial factors, but there are a few obstacles that are dampening the market’s effect up to a certain degree.
This situation is expected to change in future as the stability in this market improves, wherein some of the regulations could become less strict.
The Anhydrous Hydrogen Chloride market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the anhydrous hydrogen chloride market include Chengdu Taiyu Industrial Gases Co., Ltd., Praxair Technology, Inc., Matheson Tri-Gas, Inc., ATR ASAHI Process System (P) Ltd., Niacet Corporation, Air Liquide S.A.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Anhydrous Hydrogen Chloride Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/anhydrous-hydrogen-chloride-market/download-sampleMarket DynamicsThe growing demand for AHCl as a primary raw material in manufacturing various useful chemical products used across multiple industries like pharmaceutical, metal & mining, industrial, semiconductor & electronic, and consumer applications is the stimulating factor for this growth market.
Advancement in processing technology leading to the production of AHCL in larger quantities and at relatively low cost will benefit market growth.
Increased use of AHCL in the pharmaceutical industry due to its high hygiene standard will boost the market growth.
