Market Size of Anhydrous Aluminum Chloride Industry
| 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.
