Global Aluminum Sulfate Market will propel to garner USD 827.70 Mn, with a CAGR of 2.6% by 2025
04 June 2018
Aluminum sulfate is a chemical compound with the formula Al2(SO4)3. It is soluble in water and is mainly used as a flocculating agent in the purification of drinking water and waste water treatment plants, and also in paper manufacturing. Some of the most common uses of aluminum sulfate are found within the home. The compound is often found in baking soda, although there’s some controversy over whether it’s appropriate to add aluminum to the diet. Some antiperspirants contain aluminum sulfate because of its antibacterial properties, although as of 2005 the FDA does not recognize it as a wetness reducer. The compound is the astringent ingredient in styptic pencils, which are designed to stop small cuts from bleeding.
Increasing demand for purification of drinking water and waste water treatment plants is expected to drive the demand for aluminum sulfate. Moreover, increasing research activities in order to find solution for diseases has led to increased consumption of aluminum sulfate. For instance, Aluminum Sulfate is now widely used in medicines to cure Atopic Dermatitis and Interigo. Thus, it is anticipated that any increase in the usage of medicines containing aluminum sulfate will drive the market. In terms of volume, global aluminum sulfate market in 2016 stood at 4,358.84 kilo tons and is expected to reach 5,043.56 kilo tons by 2022 growing at a CAGR of 2.5% from 2018 to 2025. In terms of revenue, global aluminum sulfate market in 2016 stood at USD 710.49 Mn and is expected to reach USD 827.70 Mn by 2025 growing at a CAGR of 2.6% from 2018 to 2025.
On the basis of type aluminum sulfate can be classified as iron free grade and common grade. Common grade occupied larger market share as compared to iron free grade. However, iron free grade is expected to grow at a faster growth rate during the forecast period. Major applications of aluminum sulfate can be classified as pulp and paper, water treatment and others. Water treatment application held the major market share and is expected to grow at a fastest growth rate during the forecast period.
Region wise global aluminum sulfate market is segmented into North America, South America, Europe, Japan, China, India, SouthEast Asia, Middle East and Africa and RoW. North America held the largest market share followed by China and Europe respectively. China is expected to grow at a fastest growth rate followed by India and South America during the forecast period.
Some of the global major players operating in the aluminum sulfate market include Chemtrade, Nippon Light Metal Co Ltd, C & S Chemical, USALCO, Feralco, Drury, ECO Services, Affinity Chemical, Southern Ionics, Thatcher Group, GAC Chemical, Holland Company, Kemira, Nankai Chemical Co., Ltd., Yunhe Aluminum Sulfate, Zibo Landing Chemical Co., Ltd., Guangzheng Aluminum Sulfate Salts Co., Ltd., Sanfeng Group Co., Ltd., Indonesian Acids Industry (IAI), General Chemical Industrial Products Inc., GEO among others.