The anhydrous aluminum chloride market is projected to grow from USD 772.8 million in 2017 to USD 948.6 million by 2022, at a CAGR of 4.19% during the forecast period. In this study, 2016 is considered as the base year to estimate the size of the anhydrous aluminum chloride market, while the forecast period is considered from 2017 to 2022. The increasing use of anhydrous aluminum chloride in major applications, such as dyes and pigments, pesticides, pharmaceuticals and cosmetics, hydrocarbon resins, and fumed alumina is one of the most significant factors projected to drive the growth of the anhydrous aluminum chloride market.
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The granular form segment accounted for a larger share of the anhydrous aluminum chloride market as compared to the powder form segment in 2016, in terms of volume. The growth of the granular form segment can be attributed to the increasing use of granular anhydrous aluminum chloride as a catalyst for various applications, such as dyes and pigments, pesticides, pharmaceuticals and cosmetics, and reforming hydrocarbons. Granular anhydrous aluminum chloride is also used in the production of fumed alumina and titanium dioxide
The granular form segment is the fastest-growing segment of the anhydrous aluminum chloride market. The demand for granular anhydrous aluminum chloride is driven by its characteristics, such as excellent flow properties, particle size uniformity, small surface area, and increased compressibility.
The dyes and pigments segment is the fastest-growing application segment of the anhydrous aluminum chloride market. This growth is mainly driven by the increasing use of anhydrous aluminum chloride as a catalyst to derive major dye intermediates, such as anthraquinone, phthalocyanine green, ethylbenzene, and metaphenoxy benzaldehyde.
APAC is the fastest-growing market for anhydrous aluminum chloride. The growth of the anhydrous aluminum chloride market in APAC can be attributed to the rise in domestic production of dyes and chemical pigments. China, Japan, and India are major producers and consumers of pesticides, pharmaceutical drugs, and cosmetics in APAC.
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Gulbrandsen (US), Aditya Birla Chemicals (India), Gujarat Alkalies and Chemicals (India), BASF (Germany), Kemira Oyj (Finland), and Nippon Light Metal (Japan) are some of the leading players in the anhydrous aluminum chloride market. These companies are focused on the adoption of organic growth strategies to increase their production capacities and market share.
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