Market Outlook
Global AluminumChloride Hexahydrate Market size is expected to witness significant growth,owing to increasing demand for treated water during the forecast period(2019-2027). For instance, in 2016, around 49,922 MT of aluminum chloridehexahydrate was consumed by the water treatment industry, which is around 59%of consumption. Moreover, increasing demand for aluminum chloride hexahydratefrom the global pharmaceutical industry is expected to drive the market growth.
Aluminum chloride hexahydrate iswhite to pale in color crystalline powder, which is stable at room temperature.However, it may decompose when it is exposed to moist air or water. Accordingto Oxford University Chemical Safety data, aluminum chloride hexahydrate has amelting point of 1000C. It is used to treat hyperhidrosis, which is excessivesweating. It works as an antiperspirant that works by affecting the sweatproducing cells. It is easily soluble in water, ether, ethanol, chloroform,propylene glycol, and ethanol. It is predominantlyused in metal processing and pharmaceutical industries for the production ofaluminum metal, as a catalyst in chemical reactions.
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Moreover, it is also used inwater treatment plants. Some studies claim that aluminum chloride hexahydratehas carcinogen properties that would cause breast cancer. However, these claimshave not been validated due to ample proof.
Market Regional Analysis
Asia Pacific is expected towitness significant growth in the global aluminum chloride hexahydrate market,owing to increasing manufacturing activities in the region. Moreover,increasing demand for aluminum chloride hexahydrate from emerging economiessuch as India and China is also supporting the market growth. Furthermore, thefood processing industry in South Asian countries such as Myanmar, Taiwan, andIndonesia is growing rapidly, which is driving the demand for aluminum chloridehexahydrate. North America holds the second largest market share in the globalaluminum chloride hexahydrate market, owing to disciplined pharmaceuticalindustry and high presence of drug manufacturers. Furthermore, the Europe isexpected to witness high demand for aluminum chloride hexahydrate, owing to thepresence of drug manufacturing nations such as Italy, Germany, and Belgium.However, the rest of the world is expected to see a significant drop in thedemand for aluminum chloride hexahydrate. This is owing to the nonexistence ofpharmaceutical product manufacturers in various regions.
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Market Players
Some of the major players in theglobal aluminum chloride hexahydrate market include Wuxi Lansen Chemicals Co,Ltd, Stiefel Laboratories, Inc., IRO Group, Inc., Tianjin Flourish Chemical Co.Ltd., and Honeywell International, Inc.
Aluminum Chloride HexahydrateMarket - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
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