The global demand for aluminum chemicals is poised to reach a substantial value of US$ 168 billion in 2022, with a projected growth at a CAGR of 4.5%. By 2032, the market is expected to soar to US$ 260 billion. This surge is attributed to the diverse applications of aluminum chemicals in vital sectors such as water treatment, oil and gas, and agriculture. As industries continue to prioritize these chemicals for their unique properties, the market is set to witness significant expansion, reflecting a promising trajectory over the next decade.
Aluminium is a silvery white chemical element that belongs to the boron group. It has symbol Al, atomic number 13 and under normal circumstances it is insoluble in water. Aluminium is ductile that can be drawn into wires and malleable which can be beaten into thin sheets. Aluminium chemical known as aluminium trihydrate is produced from bauxite by the bayer process which is used in production of aluminium metal.
The major aluminium trihydrate end use application consist of raw materials for production of chemicals that contain aluminium, reinforcement fillers and flame retardants in elastomers, plastics, adhesives and other products, coatings and filler pigments in papermaking among others. Aluminium sulfate is used as a flocculating agent for water purification.
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The major driving factors for aluminum chemicals market is huge demand from water treatment plants and growing use of aluminium chemical in the glass and ceramic industry. Chemicals such as aluminium hydroxide, aluminium borate and aluminium sulfate are used on a large scale owing to the wide areas of applications in the market therefore boosting demand for aluminium chemicals in the market.
Market Trends and Drivers:
- Growing Demand for Aluminum:
- The increasing demand for aluminum in industries such as aerospace, automotive, and construction is a significant driver for the aluminum chemicals industry.
- Water Treatment and Environmental Regulations:
- With a heightened focus on environmental sustainability, there is a growing demand for aluminum chemicals in water treatment processes to meet stringent environmental regulations.
- Technological Advancements:
- Ongoing research and development efforts are leading to the development of new and improved processes for the production of aluminum chemicals, enhancing efficiency and reducing environmental impact.
- Global Expansion:
- The industry is witnessing expansion and investment in emerging markets, driven by the growth of industrial activities and infrastructure development.
Key Companies Profiled
- Krishna Chemicals
- Sumito chemicals
- General Chemical USA
- Hindustan Produce Company
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Key Segments Profiled in the Aluminum Chemicals Industry Survey
Application:
- Fire Retardant
- Pulp and Paper Manufacturing
- Flocculent
- Coagulant
- Catalyst
- Fumigant
- Antacids
- Body Implants
- Dental cements
- Others
End Use:
- Water Treatment
- Oil & Gas
- Agrochemical
- Automobile
- Plastic
- Medical and Pharmaceutical
- Food Packaging
- Others
Region:
- North America
- Europe
- Asia Pacific
- Rest of the World
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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