The demand for aluminum chemicals is expected to be valued at USD 168 billion in 2022 and grow at a compound annual growth rate (CAGR) of 4.5% to reach USD 260 billion by 2032. The many uses of aluminum chemicals in the oil and gas, agricultural, and water treatment sectors fuel their use.
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 majoraluminiumtrihydrate 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.
Request Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-336
Here are some prominent drivers spearheading aluminum chemicals market growth:
-
Rising Demand from End-Use Industries: Aluminum chemicals are widely used in various end-use industries, including construction, transportation, packaging, and electronics. The growth of these industries is a significant driver for the aluminum chemicals market. For instance, in the construction sector, aluminum chemicals are used in fire retardants, pigments, and building materials. In the transportation sector, aluminum chemicals are used in lightweighting vehicles to improve fuel efficiency.
-
Growing Focus on Lightweight Materials: There is a growing focus on using lightweight materials in various industries to reduce weight and improve fuel efficiency. Aluminum is a lightweight and strong metal, making aluminum chemicals a preferred choice for various applications.
-
Increasing Environmental Regulations: Stringent environmental regulations are driving the demand for eco-friendly aluminum chemicals. Manufacturers are developing new and improved aluminum chemicals with lower environmental impact.
-
Expanding Applications in Water Treatment: Aluminum chemicals are increasingly used in water treatment processes for flocculation and coagulation. The growing demand for clean water is expected to propel the aluminum chemicals market forward.
-
Rising Demand in Developing Economies: The growing economies of Asia Pacific, especially China and India, are witnessing a significant rise in demand for aluminum chemicals due to rapid urbanization and industrialization.
The major segments for aluminium chemicals market include North America, Asia Pacific, Europe and Rest of the World (RoW). China is the largest consumer of aluminium chemicals for manufacture of electronic products and plastics materials that are used to manufacture automobile parts. Therefore, Asia Pacific is expected to be the largest market for aluminium chemicals. North America is anticipated to boost demand for aluminium chemicals for manufacture of ceramics, paints and adhesives among others.
Aluminum Chemicals Industry Key Players
- Krishna Chemicals
- Sumito chemicals
- General Chemical USA
- Hindustan Produce Company
Get in Touch with Our Sales Team to Secure Your Copy of the Report Now! https://www.futuremarketinsights.com/checkout/336
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
About Future Market Insights (FMI)
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube