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Polyaluminum Chloride Global Market 2024 - Industry Analysis, Future Trends, Segmentation And Key Players
Polyaluminum Chloride Global Market
As per the report, the polyaluminum chloride market size has grown strongly in recent years. It will grow from $1.79 billion in 2023 to $1.93 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The polyaluminum chloride market size is expected to see strong growth in the next few years. It will grow to $2.6 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
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Pulp and Paper Industry Driving Growth in Polyaluminum Chloride Market
The rise in the pulp and paper industries is expected to propel the growth of the polyaluminum chloride (PAC) market going forward. The pulp and paper industry is the sector dedicated to manufacturing various paper-based products, such as paper and cardboard, by converting raw materials such as wood pulp or recycled paper fibers into finished goods. The pulp and paper industry is expanding due to rising demand for packaging materials, increased literacy rates driving the need for paper products such as books, and the growth of e-commerce necessitating more shipping boxes. PAC is used as a retention aid in the paper manufacturing process and significantly enhances productivity by improving drainage, facilitating faster water removal, and increasing the overall efficiency of paper formation. For instance, in July 2022, according to the Confederation of European Paper Industries, a Belgium-based non-profit organization representing the European pulp and paper industry, in 2021, there was a 5.8% rise in paper and board consumption, accompanied by a 6.1% increase in production. The operating rate of paper mills hit 90% in 2021, up from 85% in 2020. Therefore, the rise in the pulp and paper industries is driving the growth of the polyaluminum chloride market.
Expansion Of Water Treatment Technologies in the Polyaluminum Chloride Market
Major companies operating in the polyaluminum chloride market are focusing on the expansion of new plants to increase the production capacity of water treatment. The expansion of a new plant refers to the process of improving the capacity or capability of a manufacturing or production facility. For instance, in June 2021, Kemira, a Finland-based company operating in sustainable chemical solutions for water-intensive industries, invested to increase the production capacity of water treatment chemicals in Yanzhou, China. This expansion aims to serve the growing demand for water treatment chemicals in the Asia-Pacific region, particularly in the pulp, paper, and process industries. It was expected to start commercial production in January 2022. Kemira is finalizing the pre-engineering phase for an investment to increase the production of PAC at Yanzhou. The new unit is expected to be operational in March 2022. PAC is used as a coagulant in raw water and wastewater treatment processes and as a fixative in the paper and board industry
The polyaluminum chloride market covered in this report is segmented -
1) By Form: Solid, Liquid
2) By Basicity: Low, Medium, High
3) By End-User: Water treatment, Pulp And Paper, Textiles, Oil And Gas, Other End-Users
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Major companies operating in the polyaluminum chloride market are Nalco Water, Brenntag AG, Kemira, Chemtrade Logistics, Central Glass Co. Ltd., Gujarat Alkalies and Chemicals Limited, GEO Specialty Chemicals, USALCO, Aditya Birla Chemicals Limited, Feralco AB, Accepta Ltd., Nippon Light Metal Company Ltd., Alfa Chemistry, Innova Corporate, Holland Company, Synergy Multichem Pvt. Ltd., Pacific Chemicals, Summit Chemical Specialty Products LLC, Yixing BLUWAT Chemicals Co. Ltd., Chemifloc , Henan Aierfuke Chemicals Co. Ltd., Hengyang Jianheng Industry Development Co. Ltd., Lvyuan Chem, Taki Chemical Co. Ltd., Gongyi Filter Industry Co. Ltd
Contents of the report:
1. Executive Summary
2. Polyaluminum Chloride Market Report Structure
3. Polyaluminum Chloride Market Trends And Strategies
4. Polyaluminum Chloride Market - Macro Economic Scenario
5. Polyaluminum Chloride Market Size And Growth
…..
27. Polyaluminum Chloride Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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