Home > Polymers, Specialty Chemicals & Advanced Materials > Aluminum Chemicals Market
Aluminum Chemicals Market is expected to witness remarkable growth over 2023-2032 owing to its increasing use in the construction, automotive, aerospace, packaging, and electronics industries. Furthermore, intensifying urbanization and industrialization across the world is set to accelerate product adoption.
The rising demand for recycling aluminum to reduce energy and carbon footprint for production processes is another key driving factor. A 2022 study based on aluminum dross concluded that the increased use of aluminum in processing industries has made recycling a major need in developing environmentally feasible technology for aluminum dross. Moreover, recent advancements in the production of aluminum chemicals such as electrolytic techniques and refining processes are fueling the aluminum chemicals market demand.
The surging environmental and health concerns, hike in raw material prices, availability of alternative materials in end-use industries, and limited infrastructure in developing countries for aluminum production are impeding the industry growth. The presence of strict rules and regulations has resulted in higher production costs and reduced profits, encouraging market players to opt for other alternate options.
The recent conflict between Russia and Ukraine had a limited impact on the aluminum chemicals industry, however, it slightly hampered the supply chain of aluminum raw materials including alumina. Ukraine is a leading producer of alumina, critical for aluminum production, which disrupted the import and export of these materials outside the country. Nevertheless, the impact on the market was offset by increasing urbanization and industrialization globally.
In terms of application, the fire retardant is speculated to showcase significant growth through 2032 attributed to the positive inclination of industries engaged in extreme temperature operations. Aluminum plays a vital role in preventing the spread of fire as it forms a protective oxide layer in end-use such as building materials, aircraft, automobile components, electrical wiring, and many others. Additionally, safety guidelines in these industries have boosted the use of aluminum chemicals in fire-retardant materials.
The aluminum chemicals market size from the water treatment segment is poised to reach substantial value by the end of 2032, propelled by the extensive use of aluminum-based chemicals such as Al sulfate, and poly aluminum chloride to remove impurities from water due to their easy filtration qualities. Moreover, the surging importance of safe and clean water globally is likely to support product adoption. The U.S. government invested over USD 50 million in clean water facilities under the Bipartisan Infrastructure Law. Such initiatives are elevating the installation and upgrading of water treatment facilities, thereby complementing the segment growth.
Asia Pacific aluminum chemicals market is foreseen to depict massive growth over the forecast timeline as a result of booming building and construction, electronics, aerospace, and other industries in countries including, India, China, and Japan. The strong presence of electronic manufacturing companies and OEMS is proliferating regional growth. For instance, in March 2022, SAIC Motor Corp Ltd, a Chinese automotive part manufacturer, announced the expansion of its R&D innovation headquarters facility with more than 10,000 employees.
Aluminum chemicals market key players include General Chemical, Kemira, Huber, USALCO, Feralco Group, Solvay Rhodia, GEO, Showa Denko, Kurita, Aditya Birla, Tenor Chemical, KC Corp, Zhongke Tianze, Summit Chemical, Nabaltec, Jianheng Industry, and Albemarle. These companies primarily engage in effective R&D initiatives, product range-broadening tactics, and strategic partnerships to attain a competitive edge.