Poly Aluminum Chloride Market size worth over $1.9 billion by 2027
Published Date: June 24, 2021 Authors: Kiran Pulidindi, Akshay Prakash
According to a new research report by Global Market Insights Inc., the Poly Aluminum Chloride Market size is likely to exceed USD 1.9 billion by 2027.
Poly aluminum chloride is among the most efficient water treatment chemicals available in recent times. It is consumed in vast quantities for the treatment of both wastewater and potable water. The high rate of utilization is attributed to its superior properties as poly aluminum chloride has the widest temperature and pH application ranges and delivers high coagulation efficiency.
The poly aluminum chloride market share will witness significant growth owing to the increasing consumption of water and rising awareness about safe drinking water. For instance, in the EU, the Right2Water initiative, undertaken by citizens, gathered over 1.8 million signatures. This was considered to be one of the key factors behind the revision of the EU Drinking Water Directive and was approved in Feb 2020.
According to UN World Water Development, water usage has been rising globally by around 1% each year since the 1980s. This is majorly driven by a range of factors such as population growth, changing consumption patterns, and socio-economic developments. This trend is likely to continue until 2050, accounting for 20% - 30% increased water consumption above the current levels. Furthermore, urbanization has played a key role in driving water treatment activities. A growing urban population is significantly catalyzing the demand for water treating agents. These trends are certain to fuel the consumption of water treatment chemicals thereby supporting the poly aluminum chloride market growth.
Browse key industry insights spread across 230 pages with 220 market data tables & 37 figures & charts from the report, “Poly Aluminum Chloride Market, By Form (Solid, Liquid), By Basicity (Low, Medium, High), By End-user (Water Treatment, Pulp & Paper, Textiles, Oil & Gas), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Medium basicity poly aluminum chloride will witness around 7.5% CAGR owing to its usage as primary coagulant assistance for any flocculation/ clarifying process in the treatment of underground or surface water and industrial or urban effluents. These highly charged aluminum results in lower dosage which reduces sludge volume and pH adjustment demand and improves solids or phosphorous removal over conventional coagulants.
Better effluent generation to drive product demand in papermaking applications
The paper & pulp application will witness over 7% CAGR through 2027. It is attributed to boost drainage rates especially in alkaline and neutral papermaking, which helps in retention aid and neutral sizing strategies with certain rosin-based emulsion products. Further, consistent quality, better effluent generation, and no sludge formation make it suitable for papermaking applications across the industry.
North America holds around 20% share in poly aluminum chloride market size with product demand for wastewater treatment. Increasing demand for water in domestic as well as industrial use will escalate the product demand. The demand is advanced primarily due to the strict guidelines laid by the governing authorities and growing awareness amongst individuals regarding importance of wastewater treatment.
Mergers and acquisition to increase market foothold
Key participants in poly aluminum chloride industry include Kemira Oyj, Grasim, Central Glass Co., Ltd., USALCO, GACL, Henan Aierfuke Chemicals Co. Ltd, De Dietrich Process Systems, Lvyuan Chem., and Chemical Company of Malaysia Bhd. These players are primarily focusing on partnerships, joint ventures and mergers & acquisition strategies to improve their capabilities and proliferate their market size.