Anhydrous Aluminium Chloride Market by Top Key Participant: Kemira, Gulbrandsen, Gujarat Alkalies & Chemicals Ltd., Aditya Birla Chemicals, Base Metal Group, Xiangshui Long Yang
Global Anhydrous Aluminium Chloride Market 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).
(EMAILWIRE.COM, August 09, 2018 ) 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.
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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.
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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.
Top key players:
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.
Market share calculation in this report is not done based on companies covered in it. The calculation of anhydrous aluminium chloride market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1406
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.
Request for customization of this report @ https://www.gminsights.com/roc/1406
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.
Top key players:
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.
Market share calculation in this report is not done based on companies covered in it. The calculation of anhydrous aluminium chloride market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Tel: 1-888-689-0688
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results