Global Anhydrous Aluminum Chloride Industry was valued at USD 812.2 Million in the year 2018. Global Anhydrous Aluminum Chloride Industry is further estimated to grow at a CAGR of 5.1% from 2018 to 2025 to reach USD 1101.24 Million. Research analysts have identified the growing demand for dyes and pigments industry as one of the primary factors that will trigger the growth of the anhydrous aluminum chloride Industry in the coming years. Dyes and pigments industry extensively uses anhydrous aluminum chloride due to its significant characteristics. The anhydrous aluminum chloride-based dyes and pigments find its application as a colorant. These colorants have wide applications in paints, coatings, pharmaceuticals, plastics, textiles, cosmetics, inks, and paper industries. APAC is undergoing fast-paced industrialization, urbanization, pharmaceutical, paints and coating industries which are driving the demand for anhydrous aluminum chloride for various applications.
Global Anhydrous Aluminum Chloride Industry Share by 2025 (USD Million)
Of all the segments that exist in the global anhydrous aluminum chloride Industry, the granules form of the material is its top leading segment. This is mainly due to various applications where the granules are used, thus being more valuable than the powdered form. This preference is expected to continue in future. Another segment of the global aluminum chloride Industry that holds a significant spot with respect to Industry shares involves the use of dyes and pigments, based on applications. Anhydrous aluminum chloride is largely used as a catalyst in the dye manufacturing industry while producing pigments. In terms of volume, about 24% of the global anhydrous aluminum chloride Industry was held by the dye manufacturing industry, thus making it a prime segment. On the basis of regional spread, Asia Pacific held the spot as a leading segment in 2015 for the global anhydrous aluminum chloride Industry. This region is also expected to hold its position for an extended time in the future. This is mainly due to the rising demand of consumer goods and pharmaceuticals in major countries such as India and China from the Asia Pacific region.
One of the foremost factors that could lead towards better growth in the global anhydrous aluminum chloride Industry is the rise in demand of products such as dyes and pigments, which make use of this material. Most of this demand is greatly seen in the Asia Pacific region than others. The increase in demand for anhydrous aluminum chloride in consumer goods, cosmetics, and pharmaceuticals also is a key factor that is responsible for boosting growth in this Industry.
The granule form segment is the fastest-growing segment of the anhydrous aluminum chloride Industry. 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.
The dyes and pigments segment is the fastest-growing application segment of the anhydrous aluminum chloride Industry. The growth of this segment can be attributed to the increasing use of anhydrous aluminum chloride as a catalyst to derive major dye intermediates, such as anthraquinone, phthalocyanine green, ethylbenzene, and metaphenoxy benzaldehyde.
The anhydrous aluminum chloride market in APAC is expected to witness the highest growth during the forecast period. The growth of the anhydrous aluminum chloride market in APAC can be attributed to the rise in domestic production of dyes and chemical pigments. China, Japan, and India are major producers and consumers of pesticides, pharmaceutical drugs, and cosmetics in APAC.
Major market players in Anhydrous Aluminum Chloride are Nippon Light Metal Co., Aditya Birla Chemicals, Base Metal Group, Gulbrandsen (US), Aditya Birla Chemicals (India), Gujarat Alkalies and Chemicals (India), BASF (Germany), Kemira Oyj (Finland), Nippon Light Metal (Japan), and Other.
Anhydrous Aluminum Chloride Industry Segmentation:
Anhydrous Aluminum Chloride Market, by Form:
Anhydrous Aluminum Chloride Market, by Application:
Anhydrous Aluminum Chloride Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa