Press release
Global Aluminium Sulfate Market to be Driven by the Flourishing Pulp and Paper Industry in the Forecast Period of 2022-2027
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
Forecast CAGR (2022-2027): 3%
The growing pulp and paper industry owing to the thriving education sector, increasing number of student enrollments in schools and universities, and rising demand for high-quality paper has resulted in increased utilisation of aluminium sulfate in the industry. Meanwhile, the growing utilisation of aluminium sulfate in the pharmaceutical and food and beverage industry is anticipated to propel the demand for the product in the forecast period.
Moreover, the increasing demand for aluminium sulfate to control the pH levels of vegetables such as tomato and beet is likely to provide impetus to the market in the future. In terms of region, the Asia Pacific accounts for a significant share in the market owing to the strong foot hold of local manufacturers, coupled with the thriving chemical industry in countries like India and China, among others.
Industry Definition and Major Segments
Aluminium sulfate is defined as a white crystalline hygroscopic solid compound which is generally procured by treating bauxite with sulfuric acid. Aluminium sulfate is water soluble and is majorly used in the manufacturing of paper and purification of water. In addition to this, high-water solubility of the compound makes it excellent for dying purposes.
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By type, the market can be bifurcated into:
Common Grade
Iron Grade
Based on application, the market is segmented into:
Pulp and Paper
Water Treatment
Dyeing
Others
The regional markets for aluminium sulfate include:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends
The rising investments in water treatment projects owing to the growing awareness pertaining to water conservation are likely to be the key trends in the market. In addition to this, the increasing utilisation of the product in the food and beverage industry owing to the sweet taste and non-toxicity of the compound is anticipated to propel the demand for the product. Furthermore, the rapid industrialisation and urbanisation in emerging economies is anticipated to be another major trend in the market.
Key Market Players
The major players in the market are Chemtrade Logistics Inc., Hawkins, Inc., Southern Ionics Incorporated, Affinity Chemical LLC, and GAC Chemical Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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