February 08, 2022
According to the business analysis 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, the poly aluminum chloride market is anticipated to amass strong returns during 2021-2027.
Booming population and subsequent surge in demand for water, along with growing awareness towards safer drinking water, tightening environmental regulations, and the increasing need for wastewater treatment processes are fostering global poly aluminum chloride market growth.
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For the uninitiated, poly aluminum chloride is utilized in water treatment processes to thicken organic and mineral colloids before purification or sedimentation.
Elaborating on the market restraints, financial limitations with regards to these water treatment processes may hinder progress during the evaluation timeline.
Based on end-user, the business sphere is divided into water treatment, pulp & paper, textiles, oil & gas, and others. The others segment, comprising of leather, rubber, and plastics, is slated to accumulate sizable returns and record a CAGR of more than 7.5% through the analysis timeframe. The growth can be ascribed to strong demand for waste treatment solutions to address the high wastewater generation during the production process of the mentioned materials due to the involvement of various chemicals.
From a regional frame of reference, Latin America poly ammonium chloride marketplace is expected to record a healthy growth rate of 5% and garner substantial returns during the aforementioned timeframe. Spike in population count and increase in the demand for proper wastewater and sewage treatment facilities are driving the regional market growth.
Meanwhile, the Middle East and Africa market is slated to showcase a sizable growth rate during the forecast period due to the surging demand for wastewater treatment processes in commercial and industrial sectors.
Speaking of the competitive landscape, Shanghai Chemex Group Ltd., Shandong Huaquan Group Co., Ltd, 3V Group, Central Glass Co., Ltd, N.R. Chemicals Corporation, Holland Chemicals Company, Aditya Birla Chemicals India, Pon Pure Chemicals Group, Grasim Industries Ltd., Taki Chemical Co., Ltd., Gujarat Alkalies and Chemicals Ltd., Geo Specialty Chemicals Inc., Feralco AB, and Airedale Chemical Company Limited are among the major players influencing global poly aluminum chloride industry trends.