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

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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