Title: Anhydrous Aluminium Chloride Market 2024: Applications and Global Industry.
1Anhydrous Aluminium Chloride Market Has a
Significant Growth In Future 2017 2024
Anhydrous Aluminium Chloride Market Size,
Industry Analysis Report, Regional Outlook (U.S.,
Canada, Mexico, UK, Germany, France, Italy,
China, Australia, India, Japan, Indonesia,
Argentina, Brazil, Saudi Arabia, UAE, Kuwait,
South Africa), Application Development Potential,
Price Trends, Competitive Market Share
Forecast, 2016 2024
2Global Market Scenario of Anhydrous Aluminium
Chloride
- Global Anhydrous Aluminium Chloride Market size
is escalating and is anticipated to grow at a
moderate rate during the forecast period. - Anhydrous aluminium chloride is an odourless
white crystalline solid, also known as aluminium
trichloride (AlCl3). It often gives a yellow
colour due to contamination and is synthesized
from gaseous chlorination of molten aluminium. - The product has wide range of applications in
various industries including pharmaceuticals,
chemical manufacturing, cosmetic, packaging and
metallurgy. - The chemical manufacturing industry is a major
driver contributing towards anhydrous aluminium
chloride market size across globe. - It is used in manufacturing variety of chemical
intermediates including dyes pigments,
ethylbenzene, hydrocarbon resins and other
inorganic products such as fumed alumina and
titanium oxide. - Chemical manufacturing industry being diversified
has witnessed growth potential over years and
henceforth will significantly contribute towards
the anhydrous aluminium chloride market by 2024.
3Market Research Reports Key Analytical
Components
4- Product Analysis-
- The global anhydrous aluminium chloride market
share on the basis of application is segmented
based on application into dyes stuff pigments,
pharmaceuticals, hydrocarbon resins, flavours
fragrances and fumed alumina. The product is used
in pharmaceutical industry for manufacturing
ibuprufen and other bulk drugs. Pharma industry
is booming at a CAGR of over 6 and will
eventually have positive influence on the
anhydrous aluminium chloride market share over
the projected timeframe. Dyes stuffs and pigments
have extensive applications in construction,
apparel and automotive industry and thus, growing
trends in the aforementioned industry is likely
to impact the business size in future. - Regional Trends-
- Asia Pacific is a major contributor and accounted
for more than 35 of the global aluminium
chloride market share in 2016. Due to thriving
pharmaceutical and cosmetic industry in countries
including India and China it is expected to
significantly contribute towards anhydrous
aluminium chloride market size in future.
However, North America and Europe are mature
markets and is expected to have moderate growth
in the future. For instance, prevalence of mature
construction industry in Europe subsequently
results in low product demand for application
including dye stuffs and pigments in the region.
5- Competitive Trends
- The global anhydrous aluminium chloride market
players are BASF SE, Kemira, Gulbrandsen, Gujarat
Alkalies Chemicals Ltd., Aditya Birla
Chemicals, Base Metal Group, Xiangshui Long Yang
and Lynwon Group. Companies have been expanding
business to improve their global presence in the
market. For instance, Gulbrandsen acquired Arkema
business of anhydrous aluminium chloride to
expand its business and improve its global
presence in the market. The major players of the
market are based in China and India and thereby
suggesting that market is consolidated in Asia
Pacific.
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