Anhydrous Aluminum Chloride Market Assessment Analysis 2022: Before and After COVID-19 Crisis Impact, MarketsandMarkets™ Study
Verfasser: ashwani_kailiya on Wednesday, 27 July 2022Anhydrous aluminum chloride is an odorless, white or yellow crystalline solid that has a low melting and boiling point. There are 2 major forms of anhydrous aluminum chloride, namely, powder and granule. Both these forms of anhydrous aluminum chloride possess unique characteristics, such as purity, solubility, volatility, and iron content. Anhydrous aluminum chloride is primarily used as a catalyst in the chemical industry for various applications, such as dyes and pigments, pesticides, reforming hydrocarbons, and pharmaceuticals and cosmetics. It is also used in the manufacturing of fumed alumina, electrolytic production of aluminum, and as a nucleating agent in the production of titanium dioxide. The anhydrous aluminum chloride market is projected to grow from USD 772.8 million in 2017 to USD 948.6 million by 2022, at a CAGR of 4.19% during the forecast period.
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Key players operating in the anhydrous aluminum chloride market have adopted various growth strategies to strengthen their position in the market. Investments and expansions were key growth strategies adopted by leading market players between 2014 and 2017 to enhance their production capacities and strengthen their position in the anhydrous aluminum chloride market.