Aluminum Chemicals Market forecast to grow at a CAGR of 4.5% from 2022 to 2032

The demand for aluminium chemicals is expected to reach US$ 168 billion in 2022 and is projected to increase at a CAGR of 4.5% to reach US$ 260 billion from 2022 to 2032. Due to their extensive uses in the water treatment, oil and gas, and agricultural industries, aluminium chemicals are widely used.

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.

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Aluminium hydroxide is found naturally as a mineral named gibbsite that is also known as hydrargillite is used as a feedstock for manufacture of aluminium compounds such as specialty calcined alumina among others. Sodium aluminate is an inorganic commercial chemical which is an effective source of aluminium hydroxide. This chemical has various technical and industrial applications.Aluminium silicate, aluminium phosphide and poly aluminium chloride are other aluminium chemicals which are used in textile, paper and medical industry among others.

Aluminium is extracted by two process such as Bayer process followed by hall method. In the Bayer's process bauxite is mixed with sodium hydroxide that dissolves in aluminium oxide. The other compounds from bauxite are left at the rear. The aluminium oxide is then treated with a Hall method. Enough cryolite is not available to make aluminium that is needed and therefore, synthetic cryolite is produced for this purpose.

Aluminium has wide areas of applications. It is used as pure metal in various compounds and alloys which is made by melting and mixing more than two metals. The aluminium chemicals also find a large area of application such as textile, medical, paper and fertilizers among others. Aluminium sulfate which is also known as alum is used in the paper and pulp industry on a large scale.

The other application of alum is in the water treatment plants Aluminium based intermediates are use in the production of paints, tires, textiles, leather, foods and fertilizers among others. Aluminium acetate is a salt that is used as an astringent. Aluminium borate has application in glass and ceramics. Aluminium fluorosilicate is also used to produce glass and synthetic gemstones. Aluminium hydroxide is used as a mordant and as an antacid to purify water.

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The major driving factors for aluminum chemicals market is huge demand from water treatment plants and growing use of aluminium chemical in the glass and ceramic industry. Chemicals such as aluminium hydroxide, aluminium borate and aluminium sulfate are used on a large scale owing to the wide areas of applications in the market therefore boosting demand for aluminium chemicals in the market.

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.

The key companies profiled include: Krishna Chemicals, Sumito chemicals, General Chemical USA and Hindustan Produce Company among others. This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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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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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.