Transparency Market Research’s latest report on polyaluminum chloride market gives intricate details about the overall working dynamics of the market. According to the research report, the polyaluminum chloride market is expected to exhibit a CAGR of 5% during the forecast period. With this growth rate, the global market will reach US$1,080 mn by the end of 2026.
Expanding Production Capacities is Key Growth Strategy for Leading Market Players
The vendor landscape of the global polyaluminum chloride market is consolidated. The leading players in the market are concentrating on bolstering their production facilities. This is due because better manufacturing rate directly reflects in the overall development of the polyaluminum chloride market. One such example is the expansion of Geo Specialty Chemicals Inc.’s manufacturing facility in May 2018. The company opened this new facility in Hythe, the UK. The capacity of the key players to streamline manufacturing will decide their position in the global market. In addition to this, the leading companies in the market are adopting aggressive marketing strategies such as mergers, acquisitions, and joint ventures to stay ahead of their rivals.
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Some of the big names in the global polyaluminum chloride market are Nippon Light Metal Company Ltd., Feralco Group, Geo Specialty Chemicals Inc., and Gulbrandsen among others.
From a geographical perspective, the global polyaluminum chloride market is divided into five key regions- North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, Asia Pacific is projected to act as leading contributor for the growth of the global market during the given forecast period. The growth of Asia Pacific polyaluminum chloride market is primarily driven by the increasing population in the region. Such high population needs a greater degree of clean water for their day to day activities. Polyaluminum chloride is vital for purification of water. Additionally, infrastructural development and industrial growth have also led to a significant rise in demand for water. Governments and other regulatory bodies have issued strict guidelines for water treatment to keep in check adverse environmental conditions. This has thus, helped in propelling the growth of the polyaluminum chloride market in the Asia Pacific region.
Strict Government Guidelines is Propelling Adoption of Polyaluminum Chloride
The overall development of the global polyaluminum chloride market is primarily driven by its consistently expanding end-use industries. Some of the prominent end-use industries are personal care and cosmetics, pulp & paper, textile, and water treatment plants. Increasing demand from such booming industries is thus helping to drive the growth of the global polyaluminum chloride market. In addition to this, polyaluminum chloride has excellent properties such as stability, consistency, high purity, and low iron content. Such properties have thus helped in pushing its popularity across multiple verticals.
Furthermore, the demand for polyaluminum chloride is expected to rise even more from the water treatment plant in the near future. Governments across the globe are issuing strict guidelines for disposing waste water. The harmful effluents released by the industries are causing much harm to the environment. Using polyaluminum chloride, treatment of waste water becomes easier as it separates effluents and makes water safe for disposal. This factor is also expected to play a key role in the overall development of the global polyaluminum chloride market.
The review is based on TMR’s report titled, “Polyaluminum Chloride Market (Form - Liquid, Powder; Application - Potable Water Treatment, Industrial Water Treatment, Pulp and Paper Sizing, Decolorization in Textile Industry) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”.
The global polyaluminum chloride market is segmented as:
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