Market Outlook
Global Aluminum
Chloride 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 chloride
hexahydrate was consumed by the water treatment industry, which is around 59%
of consumption. Moreover, increasing demand for aluminum chloride hexahydrate
from the global pharmaceutical industry is expected to drive the market growth.
Aluminum chloride hexahydrate is
white 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. According
to Oxford University Chemical Safety data, aluminum chloride hexahydrate has a
melting point of 1000C. It is used to treat hyperhidrosis, which is excessive
sweating. It works as an antiperspirant that works by affecting the sweat
producing cells. It is easily soluble in water, ether, ethanol, chloroform,
propylene glycol, and ethanol. It is predominantly
used in metal processing and pharmaceutical industries for the production of
aluminum metal, as a catalyst in chemical reactions.
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Moreover, it is also used in
water treatment plants. Some studies claim that aluminum chloride hexahydrate
has carcinogen properties that would cause breast cancer. However, these claims
have not been validated due to ample proof.
Market Regional Analysis
Asia Pacific is expected to
witness 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 economies
such as India and China is also supporting the market growth. Furthermore, the
food processing industry in South Asian countries such as Myanmar, Taiwan, and
Indonesia is growing rapidly, which is driving the demand for aluminum chloride
hexahydrate. North America holds the second largest market share in the global
aluminum chloride hexahydrate market, owing to disciplined pharmaceutical
industry and high presence of drug manufacturers. Furthermore, the Europe is
expected to witness high demand for aluminum chloride hexahydrate, owing to the
presence of drug manufacturing nations such as Italy, Germany, and Belgium.
However, the rest of the world is expected to see a significant drop in the
demand for aluminum chloride hexahydrate. This is owing to the nonexistence of
pharmaceutical product manufacturers in various regions.
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Market Players
Some of the major players in the
global 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 Hexahydrate
Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
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