According to TechSci Research report, “Anhydrous Aluminium Chloride Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Anhydrous Aluminium Chloride Market stood at USD 932.46 million in 2022 and is anticipated to grow with a CAGR of 4.27% in the forecast period, 2023-2028. The initiatives taken by the government based on Anhydrous Aluminium Chloride have led to favourable market conditions for the Global Anhydrous Aluminium Chloride Market. Several factors contribute to the growth of various Anhydrous Aluminium Chloride products.
Given that anhydrous aluminium chloride is a highly hazardous substance known for its potential violent or explosive reactions when exposed to water, governments around the world have implemented stringent regulations to ensure safe use and handling. For example, the New Jersey Department of Health has published a comprehensive Hazardous Substance Fact Sheet that provides detailed information on the properties, health hazards, exposure limits, and necessary protective measures when dealing with anhydrous aluminium chloride. This fact sheet serves as a valuable resource for individuals and organizations involved in the handling or transportation of this substance.
Similarly, the Australian Government Department of Health has conducted an extensive health assessment specifically focusing on aluminium chlorides, shedding light on their corrosive nature as an anhydrous substance. This assessment not only emphasizes the importance of proper handling and storage practices but also underscores the need for individuals and businesses to exercise caution and adhere to the recommended safety protocols to mitigate any potential risks associated with aluminium chlorides.
By implementing these regulations and providing detailed information and assessments, governments aim to safeguard public health and the environment, ensuring the responsible use and management of anhydrous aluminium chloride and related substances.
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Recent breakthroughs in research and development have unveiled exciting new possibilities for anhydrous aluminium chloride. This versatile compound has demonstrated remarkable effectiveness in a myriad of applications, ranging from the production of vibrant dyes and pigments to the formulation of life-saving pharmaceuticals and the creation of durable hydrocarbon resins.
Moreover, ongoing research is delving deeper into the potential of anhydrous aluminium chloride in the energy sector. Scientists are eagerly exploring its viability as a key component in energy storage devices and fuel cells, envisioning a future where this compound plays a pivotal role in powering our world sustainably. The promising results obtained thus far hint at a future where anhydrous aluminium chloride’s demand skyrockets, revolutionizing the energy landscape and fostering a greener future for all.
The Global Anhydrous Aluminium Chloride Market is segmented into form, application, regional distribution, and company.
Based on its form, the granule segment held the largest share in the market. The increasing market growth of granular anhydrous aluminium chloride can be attributed to its versatile use as a catalyst in various applications. It finds its application in industries such as dyes and pigments, pesticides, pharmaceuticals, cosmetics, and hydrocarbon reforming. Moreover, the granular anhydrous aluminium chloride with its preferred particle size has gained popularity in the export market, contributing to its growing demand and success.
Based on region, the Asia Pacific segment is expected to grow during the forecast period.
The Market is expected to be driven by the increasing demand for dyes and pigments from emerging economies such as China, India, South Korea, Vietnam, and other Southeast Asian countries during the forecast period. These economies are experiencing rapid industrialization and urbanization, leading to a surge in the consumption of dyes and pigments across various industries including textiles, paints and coatings, and printing inks.
Furthermore, the Asia Pacific region is not only witnessing significant growth in the dyes and pigments market but also in sectors such as pesticides, pharmaceutical drugs, cosmetics, and metallurgy. China, Japan, and India, in particular, are playing a significant role in the production and consumption of these products, further fueling the market growth in the region.
With the combined effect of these factors, the Asia Pacific region is poised to exhibit a positive outlook in the coming years, creating ample opportunities for market players to capitalize on the growing demand and expand their presence in this thriving market.
Major companies operating in the Global Anhydrous Aluminium Chloride Market are:
- Aditya Birla Chemicals India Ltd.
- Base Metal International
- BASF SE
- DCM Shriram Ltd.
- Gujarat Alkali & Chemicals Ltd
- Gulbrandsen Manufacturing Inc.
- Kanto Denka Kogyo Co. Ltd
- Nippon Light Metal Company Ltd
- Shandong Kunbao New Materials Group Co. Ltd
- Upra Chem Pvt. Ltd
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“Growing application of Anhydrous Aluminium Chloride in various end-user industries are key drivers of the Anhydrous Aluminium Chloride Market. Growth in the competitive landscape and presence of well-established companies in the market who are dedicated to enhancing their productivity of Anhydrous Aluminium Chloride with every passing year is anticipated to register an impressive growth to Global Anhydrous Aluminium Chloride Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Anhydrous Aluminium Chloride Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Form (Granule and Powder), By Application (Dyes & Pigments, Pesticides, Pharmaceuticals, Hydrocarbon Resins, Fumed Alumina, Others), By Region and Competition, 2018-2028F”, has evaluated the future growth potential of Global Anhydrous Aluminium Chloride Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Anhydrous Aluminium Chloride Market.
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Table of Content-Anhydrous Aluminium Chloride Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Global Anhydrous Aluminium Chloride Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Form (Granule and Powder)
4.2.2. By Application (Dyes & Pigments, Pesticides, Pharmaceuticals, Hydrocarbon Resins, Fumed Alumina, Others)
4.2.3. By Region
4.2.4. By Company (2022)
4.3. Market Map
4.3.1. By Form
4.3.2. By Application
4.3.3. By Region
- Asia Pacific Anhydrous Aluminium Chloride Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Form
5.2.2. By Application
5.2.3. By Country
5.3. Asia Pacific: Country Analysis
5.3.1. China Anhydrous Aluminium Chloride Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value & Volume
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Form
5.3.1.2.2. By Application
5.3.2. India Anhydrous Aluminium Chloride Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Value & Volume
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Form
5.3.2.2.2. By Application
5.3.3. Australia Anhydrous Aluminium Chloride Market Outlook
5.3.3.1. Market Size & Forecast
5.3.3.1.1. By Value & Volume
5.3.3.2. Market Share & Forecast
5.3.3.2.1. By Form
5.3.3.2.2. By Application
5.3.4. Japan Anhydrous Aluminium Chloride Market Outlook
5.3.4.1. Market Size & Forecast
5.3.4.1.1. By Value & Volume
5.3.4.2. Market Share & Forecast
5.3.4.2.1. By Form
5.3.4.2.2. By Application
5.3.5. South Korea Anhydrous Aluminium Chloride Market Outlook
5.3.5.1. Market Size & Forecast
5.3.5.1.1. By Value & Volume
5.3.5.2. Market Share & Forecast
5.3.5.2.1. By Form
5.3.5.2.2. By Application