July 20, 2021
According to the research report titled ‘Poly Aluminum Chloride Market Size, Share and Industry Analysis Report By Form (Solid, Liquid), By Basicity (Low, Medium, High), By End-user (Water Treatment, Pulp & Paper, Textiles, Oil & Gas), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report LLC, global poly aluminum chloride market is slated to grow significantly between 2021 and 2027.
Extensive product usage in wastewater treatment activities, stringent environmental regulations as well as soaring awareness for safer drinking water are propelling the growth of global poly aluminum chloride market.
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Moreover, surging populace with demand for clean water supplies, in consort with capability of poly aluminum chloride to effectively coagulate organic and mineral salts in water treatment process are catalyzing the industry scenario.
In terms of form, the industry outlook is divided into solid, and liquid, whereas based on basicity, the marketplace is bifurcated into high, medium, and low.
The end-user terrain of worldwide poly aluminum chloride industry of consists of oil & gas, textiles, pulp & paper, water treatment, and others. As per the report, others segment, including leather, plastic, and rubber, is expected to register 7.5% CAGR through 2027, accredited to generation of huge volume of wastewater during production processes due to presence of various chemicals. This generated wastewater stream needs to be treated, hence fostering the product demand.
Regionally, Latin America held over 5% industry share in the recent past and is slated to grow further during the forecast duration, owing to massive demand for water as well as other goods and commodities. Emphasis on sewage treatment facilities and wastewater management will also add to regional share.
Parallelly, Middle East & Africa marketspace is poised to grow significantly through 2027, owing to increasing usage of water across industrial, commercial, and domestic sectors, coupled with adoption of poly aluminum chloride in water treatment plants.
Leading companies in global poly aluminum chloride industry include Nippon Light Metal Company Ltd., Kemira Oyj, N. R. Chemicals Corporation, Chemical Company of Malaysia Berhad (CCM), Feralco AB, Shanghai Chemex Group Ltd., Airedale Chemical, Taki Chemical Co. Ltd., Central Glass Co. Ltd., Synergy Multichem Pvt. Ltd., Gujarat Alkalies And Chemical Limited., Pon Pure Chemicals Group, GEO Specialty Chemicals Inc., Shandong Huaquan Group Co. Ltd., Aditya Birla Chemicals, 3V Group, Grasim Industries Limited, Lvyuan Chem, and Holland LP.