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Global Aluminium Chloride Hexahydrate Market to Grow at a Healthy Pace During 2021-2026, Aided by the Growing Pharmaceutical Industry

According to a new report by EMR titled, ‘Global Aluminium Chloride Hexahydrate Market Report and Forecast 2021-2026’, the global market for aluminium chloride hexahydrate is being aided by the pharmaceutical market, which is expected to grow at a CAGR of 4% during 2021-2026 to reach USD 1.6 trillion by 2026.

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.

Market Analysis by Grade, Application, and Region:

  • The market based on grade can be divided into industrial grade and pharmaceutical grade, among others.
  • Based on the application, the industry can be segmented into water treatment, chemical intermediates, pharmaceuticals, and metal casting, among others. 
  • The regional markets for aluminium chloride hexahydrate include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising demand from the pharmaceutical industry is driving the market.
  • Its usage in water treatment processes is expected to further fuel the market growth.
  • The growing adoption of the product as a catalyst is propelling the aluminium chloride hexahydrate industry forward.
  • Rising environmental awareness and health consciousness are further anticipated to bolster the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for aluminium chloride hexahydrate for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the grades, applications, and regions of aluminium chloride hexahydrate.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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