Anhydrous Aluminium Chloride Market To Reach USD 1.12 Billion By 2026 | Reports and Data

Market Size – USD 796.2 million in 2018, Market Growth - CAGR of 4.3%, Market Trends – Product launches and research for advanced anhydrous aluminum chloride

According to the current analysis of Reports and Data, the global anhydrous aluminum chloride market was valued at USD 796.2 Million in 2018 and is expected to reach USD 1.12 Billion by the year 2026, at a CAGR of 4.3%. Anhydrous aluminum chloride is an odorless white crystalline solid, which is also known as aluminum trichloride. It often gives a yellow color due to contamination and is synthesized from gaseous chlorination of molten aluminum. Anhydrous Aluminum Chloride is used as a catalyst in the processing of pharmaceuticals, agricultural chemicals, polymers, flavors, and fragrances.

Flourishing apparel, construction, and automotive industry will contribute in anhydrous aluminum chloride market growth due to the wide application of the product in dyes & pigments, which are used continuously in textiles, paints & coatings, varnishes, etc. The product is also utilized in the cosmetics industry in synthesizing perfumes, deodorants, and other fragrances. Prompt changes in the lifestyle of people are likely to fuel the growth of the cosmetic industry in the coming years. The upswing in industrialization demands more for wastewater treatment solutions thus increases the demand for aluminum chloride and boosts the market. Stringent regulations have been imposed by the government on the usage of the product due to its hazardous and toxic nature for human health and environment. It hampers the growth of anhydrous aluminum chloride market size in the coming future.

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Anhydrous Aluminium Chloride Market | Reports and Data

Further key findings from the report suggest

• Dyes stuff and pigments have extensive applications in the construction, apparel, and automotive industry, which contribute to the growing trends in the future. On the other hand, fumed alumina has a wide range of applications as adhesives and sealant in paint & coatings, packaging, and other industries.
• Asia-pacific is undergoing faster industrialization, urbanization, pharmaceutical, paints, and coating industries, which are driving the demand for anhydrous aluminum chloride for various applications and contributing to the growth in anhydrous aluminum chloride market.
• Granule's form of the material is its dominating segment. This is mainly due to various applications where the granules are used, thus being more valuable than the powdered form.
• The dyes and pigments segment is showing the fastest growth of the anhydrous aluminum chloride market. Anhydrous aluminum chloride is used as a catalyst to derive major dye intermediates.
• Granule form segment of anhydrous aluminum chloride is valued at USD 3 million in 2018 and is expected to grow rapidly with a market share of 54.5%.
• Rise in domestic production of dyes and chemical pigments. Also, China, Japan, and India are major producers and consumers of pesticides, pharmaceutical drugs, and cosmetics in Asia-Pacific with CAGR of 5.2%.

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• Hydrocarbon resins are valued at USD 89.5 million in 2018 and expected to reach USD 126.27 million in 2026 with steady growth.
• Some of the key market players in anhydrous aluminum chloride are BASF SE, Kemira, Gulbrandsen, Gujarat Alkalies & Chemicals Ltd., Aditya Birla Chemicals, Base Metal Group, Xiangshui Long Yang and Lynwon Group.

For this report, Reports and Data have segmented the anhydrous aluminum chloride market based on form, applications, and region:

Form (Revenue, USD Million; Volume, Kilo Tons; 2016–2026)

• Granule
• Powder

Applications (Revenue, USD Million; Volume, Kilo Tons; 2016–2026)

• Dyes and Pigments
• Pesticides
• Pharmaceuticals and Cosmetics
• Hydrocarbon Resins
• Fumed Alumina
• Electrolytic Production of Aluminium
• Titanium Dioxide
• Others

Regional Outlook (Revenue in USD Million; Volume, Kilo Tons; 2016–2026)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
• Brazil

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Catalyst Market Size, Share, Trends And Forecast To 2026| Top Key Players are BASF SE, Clariant AG, Evonik Industries AG, ExxonMobil Chemicals Co.

Increasing demand for petrochemicals from several end-use industries is expected to be a prime factor driving the market growth; The inclusion of high-grade polymers in producing commodities for domestic as well as the export-oriented sector is also expected to grow the market demand in the future.

Market Size – USD 18.03 Billion in 2018, Market Growth - CAGR of 4.4%, Market Trends 

The increasing global demand for clean and green fuels is fuelling the market growth.

The global Catalyst Market is estimated to reach USD 25.60 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing demand for refined petroleum products, chemical synthesis, and petrochemicals, the ability of a catalyst to reduce the amount of energy to produce an end product and enforced environmental laws on emission control. Energy cost is also a notable driver in the catalyst market as several industries are using catalysts to reduce their energy cost.

Moreover, the demand for clean and green fuels has changed the trend of energy generation from conventional to clean resources. Cobalt, nickel and iron catalysts are the essential components used for clean energy generation processes, such as the Fischer-Tropsch synthesis. Fast expanding polymer and chemical manufacturing sectors are also expected to play a crucial role in the growth of the market. Also, supportive regulations regarding the production and usage of catalysts are expected to expand market growth over the next few years. Emission regulations are the prominent drivers for a wide range of application sectors. Also, the usage of catalysts for environmental and chemical applications is assumed to have the highest market growth.

APAC accounts for the largest market share of 28.30% in 2018, with its ever-growing consumer base for end products, and creating demand for the compound in industrial sector mainly in petroleum refining and chemical synthesis. APAC is expected to register substantial growth, owing to the developing economies, such as China and India and the increase in demand for automotive from the countries. Also, the rise in living standards and rapid industrialization activities in the region also encourage the growth and development of the catalyst market. Moreover, the development of biochemicals through catalysis offers various opportunities for the growth in future. However, limited development and distribution of new catalysts restrain the market growth.

Further key findings from the report suggest

• Emission regulations are the prominent drivers for a wide range of application sectors. Also, the usage of catalysts for environmental and chemical applications is also expected to boost market growth.

• Significant factors in the global catalyst market for the rising adoption of catalysts are increasing consumption of fuels and other chemical products, and rising investments in industries. Further, growing demand for producing more efficient products like low carbon number products, high octane number gasoline, and others has effectively boosted the growth of the market.

• Swiftly expanding polymer and chemical manufacturing sectors are also expected to play a crucial role in the growth of the market. Also, supportive regulations regarding the production and usage of catalysts are expected to expand market growth over the next few years.

• Metal-based catalysts is valued at USD 5.81 billion in 2018 and is estimated to reach USD 8.32 billion by 2026 at a CAGR of 4.5% during the forecast period, due to their availability and rise in global demand for industrial catalysts in refining.

• The market for organometallic material-based catalysts is anticipated to have the highest CAGR of 4.5% during the forecast period, due to the growing demand from chemical synthesis industry.

• By application, the catalyst market can be segmented into chemical synthesis, petroleum refining, and polymer formulation. Petroleum refining market of the application category accounts for the largest market share of 39.30% in 2018, due to the growing demand for catalysts in the manufacturing of fuels and other petroleum products. The importance of using catalysts has increased mainly due to the increased demand for fuels and the implementation of environmental standards in industries like automotive and polymers.

• Heterogeneous market of the type segment has the largest market share on account of full product usage in the polymer industry. It is used in the form of vanadium oxide and also for the production of sulfuric acid, which is increasing due to growing demand of this acid in oil refining, chemical synthesis, and wastewater processing. This is also expected to fuel the need for heterogeneous catalyst soon.

• Heterogeneous catalysts are solids and can also be added into solid or liquid reaction mixtures. The demand for heterogeneous catalysts is expected to grow at a CAGR of 4.4% during the forecast period and accounts for the largest market share of 61.12% in 2018. The traditional favorability of the compound is mainly due to its easily separable nature from reactants which makes the recovery process straightforward and minimizes the purification steps.

• The market players are primarily focused on developing new technologies to meet the requirements of users. Various companies are also involved in numerous merger & acquisitions as their essential strategy is to maintain sufficient market share. These factors are expected to have a positive impact on industry growth over the next few years.

• The market for MEA is valued at USD 4.36 Billion in 2018 and is estimated to reach USD 6.22 Billion by 2026. It is expected to be the second fastest-growing regional market during the forecast years.

• Key participants include DowDuPont Inc., Albemarle Corporation, Chevron Phillips Chemical Company LLC, BASF SE, Clariant AG, Evonik Industries AG, Johnson Matthey, ExxonMobil Chemicals Co., INEOS AG, and WR Grace & Co.

For the purpose of this report, Reports and Data have segmented global Catalyst Market on the basis of Catalyst Type, Product, Application, and region:

Catalyst Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

Homogeneous

Heterogeneous

Product Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026) 

Zeolites

Metals

Chemicals

Organometallic

Application Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

Petroleum Refining

Chemical Synthesis

Polymer formulation

Others

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