Anhydrous Aluminum Chloride Market Size (2024 - 2029)

The anhydrous aluminum chloride market is projected to experience significant growth over the forecast period, driven by increasing demand from the chemical manufacturing and pharmaceutical sectors. Despite challenges related to storage, the market is expected to expand, with opportunities arising from the flavors, fragrances, and oral care industries. The Asia-Pacific region, particularly countries like China, India, and Japan, is anticipated to lead in market size and growth rate, reflecting a robust consumption pattern.

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Market Size of Anhydrous Aluminum Chloride Industry

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Anhydrous Aluminum Chloride Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Anhydrous Aluminum Chloride Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Anhydrous Aluminum Chloride Market Analysis

The Anhydrous Aluminum Chloride Market size is estimated at 1.40 Million tons in 2024, and is expected to reach 1.85 Million tons by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).

The COVID-19 pandemic negatively impacted the anhydrous aluminum chloride market. However, the market recovered significantly in 2021, owing to rising applications in pharmaceuticals, pesticides, chemical manufacturing, pigments, and others.

  • The growing demand from the chemical manufacturing and pigment industry and rising demand from the pharmaceutical sector are likely to be the main drivers of the anhydrous aluminum chloride market's growth over the medium term.
  • However, the difficulties in storing anhydrous aluminum chloride are expected to limit the growth of the anhydrous aluminum chloride market.
  • Nevertheless, growth in flavors, fragrances, and oral care industries is likely to create lucrative growth opportunities for the global market soon.
  • Asia-Pacific represents the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.

Anhydrous Aluminum Chloride Industry Segmentation

Anhydrous aluminum chloride is an odorless inorganic solid that is normally white to grey in appearance but can also be yellow due to traces of iron chloride. It is frequently employed in the chemical industry because it is primarily used as a catalyst during the Friedel Crafts reaction and as a Lewis acid. Aluminum chloride (AlCl3) is a chemical compound with the formula AlCl3. 

The Anhydrous aluminum chloride market is segmented into form, application, and geography. By form, the market is segmented into powder, granules, and crystals. By application, the market is segmented into pharmaceuticals, pesticides, chemical manufacturing, pigments, and other applications. The report also covers the market size and forecasts for the anhydrous aluminum chloride market in 15 countries across major regions. The market sizing and forecasts for each segment have been done based on volume (tons).

Form
Powder
Granules
Crystals
Application
Pharmaceuticals
Pesticides
Chemical Manufacturing
Pigments
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Anhydrous Aluminum Chloride Market Size Summary

The anhydrous aluminum chloride market is poised for significant growth over the forecast period, driven by its increasing applications across various industries such as pharmaceuticals, pesticides, and chemical manufacturing. The market, which experienced a downturn due to the COVID-19 pandemic, has shown a robust recovery, with the pharmaceutical and chemical sectors being key contributors to its expansion. Despite challenges related to storage, the market is expected to benefit from burgeoning demand in the flavors, fragrances, and oral care industries. The Asia-Pacific region, particularly countries like China, India, and Japan, is anticipated to lead the market growth, supported by rising consumption and industrial activities in these nations.

The demand for anhydrous aluminum chloride is further bolstered by its critical role in the production of pigments and dyes, which are essential for the textile and infrastructure sectors. The growing textile industry, especially in India and China, along with the increasing need for paints and coatings, are significant factors driving the market. Government initiatives and investments in the textile and chemical sectors in these countries are expected to enhance the demand for anhydrous aluminum chloride. The market is characterized by a few major players, with companies like BASF SE and Gujarat Alkalies and Chemical Limited holding substantial market shares. Overall, the market is set to experience rapid growth, fueled by its diverse applications and the expanding industrial landscape in the Asia-Pacific region.

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Anhydrous Aluminum Chloride Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from the Chemical Manufacturing and Pigment Industry

      2. 1.1.2 Rising Demand from the Pharmaceutical Sector

      3. 1.1.3 Other drivers

    2. 1.2 Restraints

      1. 1.2.1 Difficult to Store Anhydrous Aluminum Chloride

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Form

      1. 2.1.1 Powder

      2. 2.1.2 Granules

      3. 2.1.3 Crystals

    2. 2.2 Application

      1. 2.2.1 Pharmaceuticals

      2. 2.2.2 Pesticides

      3. 2.2.3 Chemical Manufacturing

      4. 2.2.4 Pigments

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East and Africa

Anhydrous Aluminum Chloride Market Size FAQs

The Anhydrous Aluminum Chloride Market size is expected to reach 1.40 million tons in 2024 and grow at a CAGR of greater than 5% to reach 1.85 million tons by 2029.

In 2024, the Anhydrous Aluminum Chloride Market size is expected to reach 1.40 million tons.

Anhydrous Aluminum Chloride Market Report Snapshots

Anhydrous Aluminum Chloride Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)