Anhydrous Aluminum Chloride Market Worth 948.6 Million USD by 2022
PUNE, India, March 21, 2018 /PRNewswire/ --
The report "Anhydrous Aluminum Chloride Market by Form (Granule, Powder), Application (Dyes & Pigments, Pesticides, Pharmaceuticals & Cosmetics, Hydrocarbon Resins, Fumed Alumina, Electrolytic Production of Aluminum, Titanium Dioxide), Region-Global Forecast to 2022" published by MarketsandMarketstm, 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 can be attributed to the increasing applicability of anhydrous aluminum chloride. The dyes and pigments segment is the largest application segment of the Anhydrous Aluminum Chloride Market. Anhydrous aluminum chloride is used as a catalyst in the production of anthraquinone, phthalocyanine green, ethylbenzene, metaphenoxy benzaldehyde, and other derivatives that are used to manufacture dyes and pigments.
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Based on form, the granular segment is expected to lead the Anhydrous Aluminum Chloride Market during the forecast period, in terms of volume.
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
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Based on application, the market for dyes and pigments 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 both, in terms of value and volume. Anhydrous aluminum chloride is used as a catalyst to derive various chemical intermediates, such as anthraquinone, phthalocyanine green, ethylbenzene, and metaphenoxy benzaldehyde. The demand for anhydrous aluminum chloride is also driven by the requirement of dyes and pigments in textiles, printing inks, plastics, and paints & coatings.
The Anhydrous Aluminum Chloride Market in APAC is projected to witness the highest growth during the forecast period.
The Anhydrous Aluminum Chloride Market in APAC is projected to grow at the highest CAGR during the forecast period both, in terms of value and volume. Rapid industrialization in APAC countries and high demand for anhydrous aluminum chloride from various applications are key factors expected to drive the growth of the Anhydrous Aluminum Chloride Market in this region. China is projected to be the fastest-growing market for anhydrous aluminum chloride in APAC. Major players operating in the APAC Anhydrous Aluminum Chloride Market are focused on the adoption of organic growth strategies, such as investments and expansions, to increase their production capacities as well as cater to the export-oriented demand from this region.
Key players profiled in the Anhydrous Aluminum Chloride Market report are Gulbrandsen (US), Aditya Birla Chemicals (India), Gujarat Alkalies and Chemicals (India), BASF (Germany), Kemira Oyj (Finland), and Nippon Light Metal (Japan).
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