Anhydrous Aluminum Chloride Market Size
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 1.40 Million tons |
| Market Volume (2029) | 1.85 Million tons |
| CAGR (2024 - 2029) | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Anhydrous Aluminum Chloride Market Analysis
The Anhydrous Aluminum Chloride Market size is estimated at 1.40 Million tons in 2024, and is expected to reach 1.85 Million tons by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the anhydrous aluminum chloride market. However, the market recovered significantly in 2021, owing to rising applications in pharmaceuticals, pesticides, chemical manufacturing, pigments, and others.
- The growing demand from the chemical manufacturing and pigment industry and rising demand from the pharmaceutical sector are likely to be the main drivers of the anhydrous aluminum chloride market's growth over the medium term.
- However, the difficulties in storing anhydrous aluminum chloride are expected to limit the growth of the anhydrous aluminum chloride market.
- Nevertheless, growth in flavors, fragrances, and oral care industries is likely to create lucrative growth opportunities for the global market soon.
- Asia-Pacific represents the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.
Anhydrous Aluminum Chloride Market Trends
Increasing Demand from Pigments Sector
- Anhydrous aluminum chloride is widely used in manufacturing pigments and dyes as catalysts. It is primarily used to manufacture CPC green, anthraquinone, and other derivatives. CPC green pigments are broad-spectrum organic pigments widely used in the textile industry and printing applications. Anthraquinones are widely used as dyes for synthetic and natural fibers.
- The demand for dyes and pigments in the market is expected to strongly benefit from the growing textile industry and infrastructure activities across the world. Pigments and dyes are key raw materials used in manufacturing various paints, coatings, and other end-user applications in the plastic and textile industry.
- According to the Indian Brand Equity Foundation (IBEF), the Indian textile industry witnessed its exports grow by 41% year on year in FY 22, reaching USD 44.4 billion in valuation during the same period. India is a major producer of cotton, with production projected to reach 7.2 million tons by 2030.
- Additionally, according to the Department for Promotion of Industry and Internal Trade (India), the proposed investment value in textiles of India has reached INR 113.81 Billion (USD 1.38 billion) in 2022 and registered a growth compared to previous years.
- According to the National Council of Textile Organizations (NCTO), the total shipments of textiles and apparel reached USD 65.8 billion in 2022.
- The growing paints and coatings industry is also expected to strongly contribute to the growing demand for pigments in the market. A few factors driving the growth of the paints and coatings industry are rising demand from the construction segment, automotive industry, and other end-user applications.
- Owing to all the factors mentioned above, the market for anhydrous aluminum chloride is expected to grow rapidly over the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asian-Pacific region dominated the global market share. With growing applications in countries such as China, Japan, and India, the utilization of anhydrous aluminum chloride is increasing in the region.
- China is currently the world's largest market for dyes and pigments, accounting for approximately 30% of global consumption. The growing textile industry and the increasing demand for paints and coatings in the country are the main drivers of this growth. Moreover, the growing population and increasing disposable income of consumers are expected to drive the demand for dyes and pigments in China in the coming years.
- China is expected to grow fastest in the region due to rapid industrialization, and the demand for anhydrous aluminum chloride to be used as a raw material and catalyst is increasing in various manufacturing industries.
- Increased government spending on industrial development, namely textile, chemical manufacturing, pharmaceuticals, and petrochemical, in countries like China and India is expected to stimulate market demand over the forecast period.
- According to the National Bureau of Statistics, in 2022, the petrochemical and chemical industries' overall economic operation (excluding oil and gas extraction) was stable. In 2022, the production declined, while the capacity utilization rate of the chemical raw material and the chemical product manufacturing industry recorded above 76%, year-on-year.
- Furthermore, according to the India Brand Equity Foundation (IBEF), the country has allowed 100% foreign direct investment (FDI) in the textile sector under the automatic route. The INR 10,683 crore (USD 1.44 billion) PLI scheme is expected to be a major booster for textile manufacturers.
- Moreover, under the Union Budget 2022-23, the total allocation for the textile sector was INR 12,382 crore (USD 1.62 billion). Out of this, INR 133.83 crore (USD 17.5 million) was for Textile Cluster Development Scheme, INR 100 crore (USD 13.07 million) for National Technical Textiles Mission, and INR 15 crore (USD 1.96 million) each for PM Mega Integrated Textile Region and Apparel parks scheme and the Production Linked Incentive Scheme. Such allocations will support the growth of the textile industry in the country, which will further enhance the demand for anhydrous aluminum chloride from the textile segment in the years to come.
- Therefore, these aforementioned factors are expected to accelerate the applications of anhydrous aluminum chloride in various end-use applications, thereby propelling industry growth during the forecast period.
Anhydrous Aluminum Chloride Industry Overview
The anhydrous aluminum chloride market is consolidated, with players accounting for a marginal share of the market studied. A few major companies in the market (not in any particular order) include BASF SE, Gujarat Alkalies and Chemical Limited, Aditya Birla Chemicals, DCM Shriram, and Kanto Denka Kogyo Co. Ltd, among others.
Anhydrous Aluminum Chloride Market Leaders
Aditya Birla Chemicals
BASF SE
Gujarat Alkali and Chemicals Ltd .
DCM Shriram
Kanto Denka Kogyo Co. Ltd
*Disclaimer: Major Players sorted in no particular order
Anhydrous Aluminum Chloride Market News
Recent developments pertaining to the market studied will be covered in the complete report.
Anhydrous Aluminum Chloride Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand from the Chemical Manufacturing and Pigment Industry
4.1.2 Rising Demand from the Pharmaceutical Sector
4.1.3 Other drivers
4.2 Restraints
4.2.1 Difficult to Store Anhydrous Aluminum Chloride
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Form
5.1.1 Powder
5.1.2 Granules
5.1.3 Crystals
5.2 Application
5.2.1 Pharmaceuticals
5.2.2 Pesticides
5.2.3 Chemical Manufacturing
5.2.4 Pigments
5.2.5 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Aditya Birla Chemicals
6.4.2 Anmol Chloro Chem
6.4.3 Base Metal Group
6.4.4 BASF SE
6.4.5 DCM Shriram
6.4.6 Gujarat Alkali & Chemicals Ltd
6.4.7 Gulbrandsen Manufacturing Inc.
6.4.8 Kanto Denka Kogyo Co. Ltd
6.4.9 Nippon Light Metal Company Ltd
6.4.10 Shandong Kunbao New Materials Group Co. Ltd
6.4.11 Upra Chem Pvt. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growth in Flavors and Fragrances and Oral Care Industries
7.2 Other Opportunities
Anhydrous Aluminum Chloride Industry Segmentation
Anhydrous aluminum chloride is an odorless inorganic solid that is normally white to grey in appearance but can also be yellow due to traces of iron chloride. It is frequently employed in the chemical industry because it is primarily used as a catalyst during the Friedel Crafts reaction and as a Lewis acid. Aluminum chloride (AlCl3) is a chemical compound with the formula AlCl3.
The Anhydrous aluminum chloride market is segmented into form, application, and geography. By form, the market is segmented into powder, granules, and crystals. By application, the market is segmented into pharmaceuticals, pesticides, chemical manufacturing, pigments, and other applications. The report also covers the market size and forecasts for the anhydrous aluminum chloride market in 15 countries across major regions. The market sizing and forecasts for each segment have been done based on volume (tons).
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Anhydrous Aluminum Chloride Market Research FAQs
How big is the Anhydrous Aluminum Chloride Market?
The Anhydrous Aluminum Chloride Market size is expected to reach 1.40 million tons in 2024 and grow at a CAGR of greater than 5% to reach 1.85 million tons by 2029.
What is the current Anhydrous Aluminum Chloride Market size?
In 2024, the Anhydrous Aluminum Chloride Market size is expected to reach 1.40 million tons.
Who are the key players in Anhydrous Aluminum Chloride Market?
Aditya Birla Chemicals, BASF SE, Gujarat Alkali and Chemicals Ltd ., DCM Shriram and Kanto Denka Kogyo Co. Ltd are the major companies operating in the Anhydrous Aluminum Chloride Market.
Which is the fastest growing region in Anhydrous Aluminum Chloride Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Anhydrous Aluminum Chloride Market?
In 2024, the Asia Pacific accounts for the largest market share in Anhydrous Aluminum Chloride Market.
What years does this Anhydrous Aluminum Chloride Market cover, and what was the market size in 2023?
In 2023, the Anhydrous Aluminum Chloride Market size was estimated at 1.33 million tons. The report covers the Anhydrous Aluminum Chloride Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Anhydrous Aluminum Chloride Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Anhydrous Aluminum Chloride Industry Report
Statistics for the 2024 Anhydrous Aluminum Chloride market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Anhydrous Aluminum Chloride analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
