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The Asia Pacific is predicted to be the major market for aluminium chloride hexahydrate. Increasing developments in pharmaceutical industries in the region are expected to drive the market. Moreover, the increasing food processing industry is further aiding the market growth. Apart from the Asia Pacific, North America is projected to witness a significant growth in the market.
Aluminium chloride hexahydrate is being used for the treatment of hyperhidrosis, a dermatological condition of excessive sweating, which is expected to support its market growth in the coming years. The developments in the perfumes and fragrances market are predicted to further augment the development of the aluminium chloride hexahydrate industry. However, stringent government regulations on the production of aluminium chloride hexahydrate, owing to its adverse effects on the environment could restrain the growth of the market. Thus, to mitigate the loss, key players in the industry, such as Honeywell International Inc. (NYSE: HON), are emphasising on the development of an eco-friendly and sustainable solutions to meet the aluminium chloride hexahydrate industry demand. This is expected to enhance the market growth of aluminium chloride hexahydrate.
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The major players in the global aluminium chloride hexahydrate market are IRO Group Inc., Honeywell International, Inc., Gulbrandsen, Yixing Bluwat Chemicals Co., Ltd., and PENTA s.r.o., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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