October 13, 2021
According to the business intelligence report titled ‘Poly Aluminum Chloride Market Size, Share and Industry Analysis Report By Form (Solid, Liquid), By Basicity (Low, Medium, High), By End-user (Water Treatment, Pulp & Paper, Textiles, Oil & Gas), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global poly aluminum chloride market is slated to witness substantial expansion between 2021-2027.
Surging demand in water treatment procedures, rising population, and growing need for clean water supplies are the key factors stimulating global poly aluminum chloride market expansion.
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For the unaware, poly aluminum chloride is widely used as a coagulation agent instead of aluminum sulfate in water treatment processes. It is considered to be more effective than aluminum sulfate systems which have been used conventionally.
Utilization of poly aluminum chloride to coagulate mineral and organic colloids before filtration or sedimentation in water treatment processes will aid revenue inflow as well.
Based on end user spectrum, the others segment, including plastics, rubber, and leather, is projected to expand at 7.5% CAGR between 2021-2027, owing to generation of large amounts of wastewater during production processes.
From the regional frame of reference, Latin America held 5% share in global poly aluminum chloride market in the recent past and is slated to expand significantly between 2021-2027. Increasing population, and subsequently growing demand for water & other commodities will propel the demand for proper sewage & wastewater treatment facilities, thus facilitating the regional industry growth.
Meanwhile, Middle East & Africa market is speculated to register considerable growth between 2021-2027, due to growing need for water across commercial, industrial, and domestic sectors. Increasing use of poly aluminum chloride in water treatment plants by leading players will aid industry growth as well.
Leading companies profiled in the report are Taki Chemical Co. Ltd., Shanghai Chemex Group Ltd., Nippon Light Metal Holdings Co. Ltd., Chemical Co. of Malaysia Bhd, Shanghai Luyuan Fine Chemical Factory, Kemira Oyj, Central Glass Co. Ltd., Geo Specialty Chemicals Inc., Airedale Chemical Co. Ltd., Shandong Huaquan Group Co. Ltd., Feralco AB, NR Chemicals Corporation, Gujrat Alkalies and Chemicals Limited, 3V Group, Grasim Industries Ltd., Pon Pure Chemicals Group, Synergy Multichem Pvt. Ltd., Holland Co. Inc., and Aditya Birla Chemicals Ltd.