Global Aluminium Chloride Hexahydrate Market Report and Forecast 2024-2032

Global Aluminium Chloride Hexahydrate Market Outlook

The global aluminium chloride hexahydrate market is being aided by the growth of the pharmaceutical sector. The global pharmaceutical market attained a value of USD 1.33 trillion in 2023 and is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5% to reach USD 2.05 trillion by 2032.

The Asia Pacific Market to be Aided by the Growing Pharmaceutical Industry

The Asia Pacific has emerged as a significant market for aluminium chloride hexahydrate owing to the increasing manufacturing industries in Asian countries such as China and India. The growing pharmaceutical industry in these countries is also contributing to the regional market growth. The rising food processing industry in countries such as Indonesia, Myanmar, and Taiwan is predicted to augment the growth of the aluminium chloride hexahydrate industry in the Asia Pacific region. North America also holds a significant share in the aluminium chloride hexahydrate industry. The presence of well-established players is aiding the market in this region. Europe is predicted to witness rapid growth in the market due to the growing pharmaceutical industry.

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Aluminium Chloride Hexahydrate: Market Segmentation

Aluminium chloride hexahydrate, also known as aluminium trichloride, is an odourless white granule-like compound of chlorine and aluminium. It is usually used as an antiperspirant owing to its non-inflammable property. Its other characteristics include good electrical conductivity, low melting point, and boiling point.

The major grades of aluminium chloride hexahydrate are:

• Industrial Grade
• Pharmaceutical Grade
• Others

The market can be broadly categorised based on its applications into:

• Water Treatment
• Chemical Intermediates
• Pharmaceuticals
• Metal Casting
• Others

The EMR report looks into the regional markets of aluminium chloride hexahydrate like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rising Demand from the Pharmaceutical Industry to Drive the Market

The global aluminium chloride hexahydrate industry is being driven by the rising demand from the pharmaceutical industry. It is commonly used as an antiperspirant. Aluminium chloride hexahydrate is also employed as a coagulant in sanitary and industrial water treatment owing to its high efficiency. This has increased the product demand in the wastewater treatment industry. Aluminium chloride hexahydrate is also used as a catalyst in the synthesis of aluminium metal. The growing cosmetic industry is also expected to augment the product's market growth. The adoption of aluminium chloride hexahydrate in grooming products such as lotions and creams is further boosting the market growth. These factors are expected to drive the aluminium chloride hexahydrate industry during the forecast period.

Key Industry Players in the Global Aluminium Chloride Hexahydrate Market

The report presents a detailed analysis of the following key players in the global aluminium chloride hexahydrate market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Honeywell International, Inc.
• IRO Group Inc.
• Gulbrandsen
• Yixing Bluwat Chemicals Co., Ltd. 
• PENTA s.r.o.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report