Anhydrous Aluminum Chloride Market Outlook

Anhydrous Aluminum Chloride Market Assessment Analysis 2022: Before and After COVID-19 Crisis Impact, MarketsandMarkets™ Study

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Anhydrous 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.

MarketsandMarkets™ Study- What are the Upcoming Trends for the Anhydrous Aluminum Chloride Market?

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The report "Anhydrous Aluminum Chloride Market by Form (Granule, Powder), Application (Dyes & Pigments, Pesticides, Pharmaceuticals & Cosmetics, Hydrocarbon Resins, Fumed Alumina, Electrolytic Production of Aluminum, Titanium Dioxide), Region-Global Forecast to 2022" The anhydrous aluminum chloride market is estimated to be USD 772.8 Million in 2017 and is projected to reach USD 948.6 Million by 2022, at a CAGR of 4.19% from 2017 to 2022. This growth can be attributed to the increasing applicability of anhydrous aluminum chloride. The dyes and pigments segment is the largest application segment of the anhydrous aluminum chloride market. Anhydrous aluminum chloride is used as a catalyst in the production of anthraquinone, phthalocyanine green, ethylbenzene, metaphenoxy benzaldehyde, and other derivatives that are used to manufacture dyes and pigments.

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Based on form, the granular segment is expected to lead the anhydrous aluminum chloride market during the forecast period, in terms of volume.

Anhydrous Aluminum Chloride Market- Latest Industry Growth, Strategic Assessment, and Forecast - Exclusive Report by MarketsandMarkets™

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The report "Anhydrous Aluminum Chloride Market by Form (Granule, Powder), Application (Dyes & Pigments, Pesticides, Pharmaceuticals & Cosmetics, Hydrocarbon Resins, Fumed Alumina, Electrolytic Production of Aluminum, Titanium Dioxide), Region-Global Forecast to 2022" The anhydrous aluminum chloride market is estimated to be USD 772.8 Million in 2017 and is projected to reach USD 948.6 Million by 2022, at a CAGR of 4.19% from 2017 to 2022. This growth can be attributed to the increasing applicability of anhydrous aluminum chloride. The dyes and pigments segment is the largest application segment of the anhydrous aluminum chloride market. Anhydrous aluminum chloride is used as a catalyst in the production of anthraquinone, phthalocyanine green, ethylbenzene, metaphenoxy benzaldehyde, and other derivatives that are used to manufacture dyes and pigments.

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Based on form, the granular segment is expected to lead the anhydrous aluminum chloride market during the forecast period, in terms of volume.