Poly Aluminum Chloride Market Growth Drivers, Impact Analysis & Market Opportunities by 2030
Research Reports
Jan 06, 2022
Market Overview
Market Research Future (MRFR) confirms that the Poly Aluminum Chloride Market 2020 is anticipated to progress at a rate of 5.3 ?tween 2022 and 2030 (analysis period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Primary Drivers and Challenges
Poly aluminum chloride/PAC has become an essential component in the personal care and cosmetics industries, with extensive applications in antiperspirants, deodorants and more. Paper sizing is another key application that is pushing the market growth across the globe. In addition to various applications of poly aluminum chloride, water treatment is one of the biggest application segments as it helps boost the coagulation and flocculation rates during the water purification process. This results in the impurities forming a floc and then removed by other techniques as soon as they precipitate. Given that poly aluminum chloride forms larger flocs in water treatment, it is increasingly being used instead of alum across the globe.
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Leading Firms
The leading firms listed in the market study are Grasim Industries Ltd.(India), Feralco AB (Europe), Kemira Oyj (Finland), Kanoria Chemicals & Industries Limited (KCI) (India), Airedale Chemical.(UK), Gujarat Alkalies and Chemical Ltd. (India), USALCO.(USA), GEO Speciality Chemicals(US), Gongyi Filter Industry Co., Ltd. (China), Synergy Multichem Pvt. Ltd. (India), and more.
The escalating demand as well as consumption of poly aluminum chloride has been the result of the evolving lifestyle trends and the advancements in industrial processes, which have sharpened the focus on wastewater treatment to ensure environment safety. Improper disposal of untreated wastewater can negatively affect the flora and fauna, which can be unfavorable for the biodiversity of that area. The grave scenario has bolstered the need for poly aluminum chloride across diverse industries and has proved to be favorable for the global market. Considering the ability to destabilize oil-water emulsions and efficiently carry out phase separation has led to higher consumption of PAC in the oil & gas sector, which further adds to the market value.
Manufacturers are constantly exploring new technique to produce larger quantities of poly aluminum chloride to cater to the continuously growing pool of end-users and potential consumers around the globe. Moreover, the global market is greatly benefitted by the mounting awareness level among people with regard to the consumption of safe drinking water, encouraged by the active involvement of various government agencies. The declining use of alum in various countries is also an important growth inducer and can be a game changer for the APAC market in the following years.
Segmental Outlook
The market study covers two key segments, namely form and end-use industry.
The different forms of poly aluminum chloride are liquid and soil. The liquid form of PAC secured the leading position in 2018, with a share of 86.52% in the global industry.
The end-use industries where PAC is extensively used are water treatment, oil & gas, cosmetics and personal care, paper industry, and more. Out of these, the water treatment end-use industry has been dominating the market since 2018, having accrued a strong valuation of USD 408.9 million in the same year.
Regional Study
The regional study of the poly aluminum chloride industry comprises Asia Pacific/APAC, Latin America, North America, Europe as well as MEA/Middle East & Africa.
As of 2018, APAC has been the biggest gainer in the global market. The APAC market expects to gain impetus at a decent rate of 6% over the evaluation period, with various water treatment operations being carried out on a large scale here. Strict laws imposed by the regulatory bodies to bring down the toxic impact of the effluents generated from the industrial sector have also helped bolster the demand for poly aluminum chloride in the region. Developing socio-economic aspects in India, Japan and China have fuelled the sales of cosmetic products, which can then be beneficial for the APAC market in the long run.
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North America can expect promising growth in the years ahead, thanks to the increasing need for water treatment chemicals and the increased focus on exploring oil reserves. Canada will be a strong contender and is likely to advance at a rate of 4.12% during the conjectured period, as a result of the increasing application scope in the oil & gas sector combined with the high availability of large-scale water for shale gas extraction.
Latin America and MEA are expected to be decent performers during the given period, as both the regions account for a major share of global crude oil production and consist of more than 40% of oil reserves.
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