Expansive Application Across Diverse Industries Presents Aluminum Chemicals With US$ 260 Billion Market Opportunity During 2022 to 2032

Published Via 11Press : NEWARK, Del: The worldwide demand for the aluminum chemicals market is anticipated to grow at an average CAGR of 4.5% from 2022 to 2032. This market will amass a revenue of US$ 260 billion by 2032 as opposed to US$ 168 billion in 2022. Increasing application of aluminum chemicals across various industries including oil and gas, water treatment, and agricultural industries will drive the growth of the aluminum chemicals market in the upcoming years. Chemicals containing aluminum are frequently used as catalysts, coagulants, flocculants, fumigants, and fire retardants. These chemicals also gain usage in body implants and dental cement. These aspects foster an environment of growth for the aluminum chemicals market.

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Historically, the market attained a value of US$ 162 billion in 2021 after experiencing a modest growth rate for the period of 2017 to 2021. FMI has predicted standard growth for the market over the forecast period of 2022 and 2032. The aluminum chemicals market is influenced by several factors during this period. As aluminum chemicals witness high demand from end-use sectors like construction, automotive, packaging, and aerospace, it is expected that the development of these industries will, ultimately, result in greater demand for the overall market. Aluminum chemicals are also used to remove impurities from water which results in their extensive usage in the water treatment sector. Thus, the surging demand for clean and safe water also abets the growth of the aluminum chemicals market.

During, the projected period of 2022 and 2032, the market will likely be aided by factors such as increasing advancement in technology and the development of novel and improved aluminum chemicals that are more affordable and offer better performance. Furthermore, the broad range of applications of aluminum compounds including in medical, paper, fertilizer, textile, and other sectors will also aid the expansion of the aluminum chemicals market size. Again, increasing demand from developing countries like China and India due to the swift growth of the automotive, construction, and packaging industries will also drive the growth of the aluminum chemicals market.

Key Takeaways:

Implementation of strict environmental regulations may stunt the growth of the aluminum chemical compound.
Asia Pacific will emerge as an attractive pocket for the aluminum chemical compound owing to the rapid development of the electronics, construction, and automotive sectors.
The aluminum chemicals market in North America will be driven by elevated demand from the oil and gas and water treatment industries.

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Competitive Landscape

In an intensely competitive environment, dominant market players are keen on product development and facility expansions. Many of these firms are eyeing emerging economies to establish or expand their businesses while some others are employing different organic and inorganic growth strategies to gain a competitive edge. Krishna Chemicals, General Chemical USA, Sumito Chemicals, and Hindustan Produce Company, among others, are some of the primary participants in the aluminum chemicals market profiled in the full version of the report.

More Insights Into Aluminum Chemicals Market

FMI's latest report presents an honest evaluation of the worldwide aluminum chemicals market, encompassing past data from 2017 to 2021 and predicted statistics spanning 2022 to 2032. The report conducts a comprehensive examination of the market's drivers, constraints, opportunities, and trends. The market is categorized by application (fire retardant, pulp and paper manufacturing, flocculent, catalyst, coagulant, antacids, fumigant, dental cement, body implants, others), end-use industry (water treatment, oil and gas, agrochemical, automobile, plastic, medical and pharmaceutical, food packaging, others), and region to comprehend its worldwide market potential, expansion, and reach.

According to the reports, based on segmentation, the water treatment segment will offer substantial opportunities to the market. Aluminum chemicals effectively remove water impurities and there’s a marked surge in the demand for safe and clean water, the demand for aluminum chemicals in the water treatment sector is expected to rise. Based on region, the aluminum chemicals market in Asia Pacific will display significant growth during this period. This region is anticipated to be the largest market for aluminum chemicals. Industries like construction, automotive, electronics, and aerospace are developing rapidly in countries like India, China, and Japan. As aluminum chemical observes greater demand from these industries, the market for the same is anticipated to grow at higher rates in Asia Pacific. Besides, North America will also present notable growth in this market. Hence, Asia Pacific and North America will aid the global growth of the aluminum chemicals market.

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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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and their Roles

3.5.1.1. Producers

3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

3.5.1.3. Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyer’s

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

Global Aluminum Chemicals Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

Global Aluminum Chemicals Market Analysis 2017-2021 and Forecast 2022-2032, By Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Type, 2017-2021

5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Type, 2022-2032

5.3.1. Alumina Trihydrate

5.3.2. Aluminum Sulfate Compounds

5.3.3. Aluminum Chloride

5.3.4. Aluminum Boron Compounds

5.3.5. Aluminum Fluorine Compounds

5.3.6. Others

5.4. Y-o-Y Growth Trend Analysis By Type, 2017-2021

5.5. Absolute $ Opportunity Analysis By Type, 2022-2032 Deep-dive segmentation will be available in the sample on request

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Expansive Application Across Diverse Industries Presents Aluminum Chemicals With US$ 260 Billion Market Opportunity During 2022 to 2032 | Future Market Insights, Inc.