Poly Aluminum Chloride Market Global Analysis 2019, Research News, Industry Review, Applications and Forecast to 2022
Market Research Future (MRFR) in its latest study reveals that the Global Poly Aluminium Chloride (PAC) Market is set to witness a compound annual growth rate (CAGR) of 5.09% from 2016 to 2022. Poly Aluminum Chloride has several innate properties such as innocuous, insipidness, and high solubility. This makes applicable in various processes such as paper making, water treatment, cosmetic additives, oil & gas processing, etc. The widespread application of Poly Aluminum is driving the market growth.
The ever-growing demand for Poly Aluminum Chloride is encouraging manufacturers to increase production capacity. A significant amount of Poly Aluminum Chloride is used in water treatment as its serves as coagulant. Increased focus water recycling coupled with the rising issues of water pollution is influencing the Poly Aluminum Chloride demand. Governments across the globe are investing in development of water treatment and filtration plants owing to the growing water crisis.
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The Global Poly Aluminum Chloride Market may find limitations in form of high price of PAC as it derived using a highly complex extraction process. At the same time, threat from alternatives such as alum is expected to undermine market prospects to some extent during the forecast period. Alum is a low-cost product and is commonly used in treating water or for softening hard water. Alum is used for purifying water or treating sewage water that are released from industries.
MRFR in its report has covered some of the prominent companies operating in the Global Poly Aluminium Chloride Market, which include GEO Specialty Chemicals, Feralco AB, Grasim Industries Ltd., Kemira, Gujarat Alkalies and Chemical Ltd., Airedale Chemical Company Limited and Synergy Pvt. Ltd.
The segmental analysis of the Global Poly Aluminium Chloride Market is conducted on the Basis of Form, Application and Region.
By Form, the market has been segmented into solid and liquid.
By Application, the market has been segmented into paper industry, water treatment, oil & gas, cosmetic additive and others.
Global Poly Aluminum Chloride Market: Regional Segmentation
Key regions discussed in the MRFR’s report include Latin America (LatAm), the Middle East & Africa (MEA), Europe, Asia Pacific (APAC) and North America. Among these, the APAC market holds a relatively higher potential. There is a strong Poly Aluminium Chloride demand in various APAC countries. This is mainly owing to its extensive usage in water treatment. Poor quality of quality of water and increased water population in developing countries is partly driving the demand for Poly Aluminium Chloride in the region. In addition, a massive paper industry in the region remain a key growth enabler for the market. China leads the APAC Poly Aluminium Chloride Market in terms of revenue. APAC currently accounts for the close to 50% market share. In 2015, the 726.00 ‘000 tons of Poly Aluminium Chloride were sold in the APAC.
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APAC is followed by Europe. The uptake in Aluminium Chloride usage is propelling the market forward in the region. In 2015, more than 239.34 ‘000 tons of Poly Aluminium Chloride were sold in Europe. The Europe market is projected to witness a steady growth during the forecast period.
North America is third in pecking order. In terms of revenue, the U.S. remains a major contributor of the North America Poly Aluminium Chloride Market. High paper demand in the country remains a key force behind the market growth in the U.S. The paper use usage is concentrated in computer printouts, notepads, copier paper among others.
In Middle East & Africa (MEA), market growth has been sluggish owing to week paper demand and limited application scope.
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