The Global Poly Aluminum Chloride market was valued at US$ 1.14 billion in 2020 and is estimated to reach US$ 2.12 billion by 2028, registering a CAGR of 8.1 % from 2021 to 2028.
Poly aluminum chloride majorly finds its usage in wastewater treatment as a flocculant and is utilized for the treatment of drinking (potable) water, industrial water, sewage water treatment. PAC, abbreviated as poly aluminum chloride, represents a category of soluble aluminum products which includes a partial reaction of aluminum chloride with base.
Swelling wastewater treatment activities across the globe will boost industry growth for the global poly aluminum chloride market during the forecast period. However, rising scarcity of drinking water across the globe compounded with increased health awareness, the poly aluminum chloride is projected to find bright opportunities in the upcoming market. The application of poly aluminum is also involved in the paper & pulp industry for the consumption of paper production and sizing purposes. Analyzing the restraints associated with the market, monetary and financial constraints affecting wastewater treatment activities are the major concerns. Moreover, with the recent support of government policies across the world, there is a projected wide scope for positive market growth. The market of poly aluminum chloride is available in two forms, liquid, and powder.
The global poly aluminum chloride market is segmented by form, basicity, end-user, and region. The powder form accounts for the majority of the share and is projected to continue its dominance during the forecast period of 2021 to 2028, both in terms of volume and revenue. The powdered form is costly than that of liquid and can be easily carried comparable to the liquid form. Problems related to packaging are also associated with the liquid form while the powdered form is convenient for packaging and transportation. Based on the form it is categorized into solid and liquid. By basicity, it bifurcates into low (10%), medium (50%-70%), and high (above 83%). End-user for the poly aluminum chloride market is classified into water treatment, pulp & paper, textile, oil & gas, and others.
The global poly aluminum market is segmented into North America, Europe APAC, and the Rest of the World. North America is further bifurcated into the U.S, Canada, and Mexico. Europe includes the U.K, Germany, Italy, France, Spain, and others. APAC is fragmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. The market of the rest of the world is segmented into South and Central America, The Middle East, and Africa. APAC is leading the contemporary market in terms of revenue followed by North America and Europe. The Asia Pacific is vulnerable in terms of water availability thus projecting the wide scope of the market. Other regional markets of poly aluminum chloride include The Middle East and Africa.
KEY MARKET PLAYERS
There are some established players in the market for poly aluminum chloride market, however; small and medium-sized companies have also created a significant impact as the market has expanded in recent times. Some of the leading players of the complete nutrition products market include Kemira Oyj, Grasim, Central Glass Co. Ltd., USALCO, GACL, Henan Aierfuke Chemicals Co. Ltd, De Dietrich Process Systems, Lvyuan Chem., and Chemical Company of Malaysia Bhd. among others.
SEGMENTATION OF THE GLOBAL POLY ALUMINUM CHLORIDE MARKET
PROMINENT PLAYERS OF THE GLOBAL POLY ALUMINUM CHLORIDE MARKET