Global Anhydrous Aluminum Chloride Market Size to Reach USD 1,596 Million in 2032 | Emergen Research

Vancouver, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The global anhydrous aluminum chloride market size was USD 948.19 Million in 2022 and is expected to register a revenue CAGR of 5.3% during the forecast period, according to the latest analysis by Emergen Research. Increasing usage of anhydrous aluminum chloride in petrochemicals is driving market revenue growth. Anhydrous aluminum chloride is widely used in key petrochemical refining processes, including Fluidized-bed Catalytic Cracking (FCC), alkylation, and hydrocarbon refining. Globally, leading petrochemical refining companies are actively using sustainable raw materials in their manufacturing processes to meet the rising demand for Environmental, Social and Governance (ESG) standards in the petrochemical industry.

According to the International Energy Agency (IEA), oil and gas industry contributes about 15% of the world's energy-related emissions, which is equivalent to 5.1 billion tonnes of greenhouse gas emissions. Moreover, rising utilization of anhydrous aluminum chloride in the production of personal care products for consumers is also attributed revenue growth of the market. Anhydrous aluminum chloride serves as a vital ingredient in the manufacturing of consumer personal care items such as roll-on deodorants, particularly owing to its inclusion of aluminum ions, which effectively inhibit excessive perspiration from the skin.

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However, substantial Capital expenditure (Capex) associated with the manufacturing process of anhydrous aluminum chloride is restraining market revenue growth. The development and production of anhydrous aluminum chloride requires high investments for establishment of new facilities. This involves the procurement of costly machinery such as reactors, distillation columns, drying equipment, analytical instruments, and other capital-intensive equipment required for production process. 

Scope of Research

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Major Companies and Competitive Landscape

The global anhydrous aluminum chloride market is fragmented, with several key players accounting for the majority of market revenue. Major players are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing new products and solutions. Some major players included in the global anhydrous aluminum chloride market report are:

• BASF SE
• Merck KGaA
• Thermo Fisher Scientific Inc. 
• Spectrum Laboratory Products, Inc
• Industrial Chemicals Ltd
• Taki Chemical Co., Ltd.
• Loba Chemie Pvt. Ltd.
• Ereztech LLC
• American Elements
• Cymit Química S.L. 
• Oakwood Products, Inc.
• Nice Chemicals Private Limited
• DCM Shriram Ltd.
• Qingdao Great Chemical Inc.
• Amizara Speciality Chemicals
• UL LLC
• Honeywell International Inc
• Sisco Research Laboratories Pvt. Ltd.
• Zibo Aiheng New Material Co., Ltd.
• Weifang Menjie Chemical Co., Ltd.

Strategic Development

• On 19 January 2021, DCM Shriram Ltd., a prominent competitor in anhydrous aluminum chloride market invested USD 13.44 Mn for the manufacturing facility expansion of an anhydrous aluminum chloride plant in Gujarat, India. This strategic expansion also aims to introduce new products in the market such as Epichlorohydrin and Hydrogen Peroxide, as well as it will also enhance their existing lineup. Rising demand in the industry attaining cost efficiencies and improved competitiveness through production expansion contributed to this production capacity expansion of anhydrous aluminum chloride.

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Some Key Highlights From the Report

• The powder segment is expected to account for largest revenue share over the forecast period. Aluminum chloride anhydrous, a versatile inorganic chemical compound, acts as a catalyst in chemical, petrochemical, and pharmaceutical industries. Powdered forms stand out as an efficient choice for chemical handling and transportation, offering extended shelf life compared to liquid alternatives, thereby reducing waste and replacement needs.
• The chemical synthesis segment is expected to register fastest revenue growth rate over the forecast period. Anhydrous aluminum chloride plays a vital role in numerous chemical synthesis processes and is known for its innovation and cost-effectiveness. Increasingly used by manufacturers, this method reacts with aluminum and ferric chloride under an atmosphere of ultra-high purity argon to produce a gas mixture containing anhydrous aluminum chloride and ferric chloride.
• The market in Asia Pacific accounted for largest revenue share in 2023. Rapid acquisition of anhydrous aluminum chloride by manufacturing and petrochemical industries is a major factor driving revenue growth of the market in Asia Pacific. Government incentives and Foreign Direct Investment (FDI) initiatives have played an important role in expanding manufacturing capabilities in some Asian countries. As a result, many industries have moved their production bases to countries in the Asia Pacific region to benefit from preferential trade policies.
• On 19 January 2021, DCM Shriram Ltd., a prominent competitor in anhydrous aluminum chloride market invested USD 13.44 Mn for the manufacturing facility expansion of an anhydrous aluminum chloride plant in Gujarat, India. This strategic expansion also aims to introduce new products in the market such as Epichlorohydrin and Hydrogen Peroxide, as well as it will also enhance their existing lineup. Rising demand in the industry attaining cost efficiencies and improved competitiveness through production expansion contributed to this production capacity expansion of anhydrous aluminum chloride.

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For the purpose of this report, Emergen Research has segmented the global anhydrous aluminum chloride market on the basis of form, packaging, application, end-use, and region:

• Form Outlook (Revenue, USD Million, Volume, Kilotonnes; 2019-2032)

• • Powder
  • Granules
  • Crystals
  • Others

• Packaging Outlook (Revenue, USD Million, Volume, Kilotonnes; 2019-2032)

• • Bag
  • Drum
  • Bottle
  • Others

• Applications Outlook (Revenue, USD Million, Volume, Kilotonnes; 2019-2032)

• • Catalysis
  • Petroleum Refining
  • Chemical Synthesis
  • Polymerization
  • Others

• End-Use Outlook (Revenue, USD Million, Volume, Kilotonnes; 2019-2032)

• • Petrochemicals
  • Pharmaceutical
  • Manufacturing
  • Consumer goods
  • Others

• Regional Outlook (Revenue, USD Million, Volume, Kilotonnes; 2019–2032)

• • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. U.K.
    4. Italy
    5. Spain
    6. Benelux
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of MEA

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