Mar 28, 2018   SOURCE: BusinessWire

Global Anhydrous Aluminum Chloride Market 2018 Forecast to 2022 by Form and Application - ResearchAndMarkets.com

The "Anhydrous Aluminum Chloride Market by Form, Application, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The anhydrous aluminum chloride market is projected to grow from USD 772.8 Million in 2017 to USD 948.6 Million by 2022, at a CAGR of 4.19% during the forecast period. This growth can be attributed to the increasing use of anhydrous aluminum chloride as a catalyst in the chemical industry for various applications, such as dyes and pigments, pesticides, pharmaceuticals and cosmetics, and hydrocarbon resins.

The granule form segment is the fastest-growing segment of the anhydrous aluminum chloride market. The high demand for granular anhydrous aluminum chloride is primarily driven by its characteristics, such as excellent flow properties, particle size uniformity, small surface area, and increased compressibility.

Gulbrandsen (US), Aditya Birla Chemicals (India), Gujarat Alkalies and Chemicals (India), BASF (Germany), Kemira Oyj (Finland), and Nippon Light Metal (Japan) are some of the key market players operating in the anhydrous aluminum chloride market. These companies have maintained a strong foothold in the anhydrous aluminum chloride market, owing to their diverse product portfolios, strategically positioned R&D centers, adoption of various growth strategies, and expansion of production capacities. In 2016, Gujarat Alkalies and Chemicals increased its production of anhydrous aluminum chloride from 63 TPD to 72 TPD by installing 4 more reactors in Dahej, India. The company plans to invest USD 5.21 million to set up a 16,500 TPA plant in Dahej, India for the production of anhydrous aluminum chloride. This expansion strategy has helped the company cater to the global demand for anhydrous aluminum chloride.

Market Dynamics

Drivers

  • Growing Demand From Various Applications
  • High Demand for Anhydrous Aluminum Chloride in APAC

Restraints

  • Fluctuating Raw Materials Prices

Opportunities

  • Increasing Export Opportunity for Anhydrous Aluminum Chloride in APAC

Challenges

  • Difficulty in Storing Anhydrous Aluminum Chloride

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Anhydrous Aluminum Chloride Market, by Form

7 Anhydrous Aluminum Chloride Market, by Application

8 Anhydrous Aluminum Chloride Market, by Region

9 Competitive Landscape

10 Company Profiles

  • Aditya Birla Chemicals
  • Alfa Aesar
  • American Elements
  • Anmol Chloro Chem
  • Avi-Chem Industries
  • BASF
  • Base Metal Group
  • Chemtex Speciality Limited
  • DCM Shriram Industries
  • Dongying Kumba Chemical
  • Gujarat Alkalies and Chemicals Limited
  • Gulbrandsen
  • Juhua Group Corporation
  • Kanto Denka Kogyo
  • Kemira
  • Lynwon Group
  • Nike Chemical India
  • Nippon Light Metal
  • Nippon Soda Co. Ltd
  • Real Metalchem Private Limited
  • Seabert Chemicals
  • Supra Chem
  • Umoya Group of Companies
  • Van chlor
  • Weifang Meanies Chemicals

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