Anhydrous Aluminium Chloride Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1406
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.
Flourishing apparel, construction and automotive industry will also help in anhydrous aluminium chloride market growth due to extensive application of product in dyes & pigments, which are majorly used in textiles, paints & coatings, varnishes, etc. The product is also utilized in cosmetics industry in synthesizing perfumes, deodorants and other fragrances. Prompt changes in life style of people is likely to fuel the growth of cosmetic industry in the coming years. It will eventually contribute in propelling the anhydrous aluminium chloride market size by 2024.
Stringent regulations have been imposed on usage of product due to its hazardous and toxic nature for human health and environment. The product is exceedingly harmful in case of direct contact with eye, skin as it causes irritation in the exposed areas. It is probable to hamper the growth of anhydrous aluminium chloride market size in the coming future. However, there are ample of opportunities in the industry which can be easily attained due to uninterrupted supply of product and low set up cost for its plant.
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. On the other hand, fumed alumina has wide range of applications as adhesives and sealant in paint & coatings, packaging and other industries. These industries are escalating at a healthy rate and are likely to positively influence anhydrous aluminium chloride market size in the coming years.
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.
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. Furthermore, major companies including BASF and Kerima have presence across multiple stages of the industry ecosystem in order to achieve competitive advantage in the business.
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