The four leaders of the global anhydrous aluminum
chloride market in 2015 were BASF SE, Gulbrandsen, Nippon Light Metal
Co., and Aditya Birla Chemicals. Their collective share of 18.8% in
the market’s value for 2015 reveals a largely fragmented
competitive landscape that holds a large volume of scattered players
from small and medium-sized categories. Meanwhile, the leading
players of the global anhydrous aluminum chloride market are adopting
strategies of consolidation, including developments in new products
that are more needed by today’s changing lifestyles and medical
needs.
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As stated in a research report released by
Transparency Market Research, the overall degree of competition
within the global anhydrous aluminum chloride market is expected to
remain very high over the coming years. The market does possess a
considerable number of players that are already established at a
global and/or regional level. However, the entry barriers for new
players are low due to the low capital needed to setup in the market.
However, the increasingly strict regulations surrounding the global
anhydrous aluminum chloride market are creating a visible obstruction
in the growth rate of these new entrants. By revenue, the global
anhydrous aluminum chloride market is expected to reach US$912.25 mn
by the end of 2024. It is expected to expand at a CAGR of 2.9% from
2016 to 2024 and is also expected to reach US$704.27 mn by the end of
2016.
APAC Presents Multiple Advantages in Global
Anhydrous Aluminum Chloride Market
“The nations from the currently high-interest Asia
Pacific region are currently the leading reason for the growth of the
anhydrous aluminum chloride market as a whole. The manufacturing of
dyestuff and pigments has shot up in this region, owing to the
booming industries of apparels, construction, and automotive. Their
proliferation is directly benefitting the players in the global
anhydrous aluminum chloride market and a lot of these names from
North America and Europe are looking to take up a share of the
expanding Asia Pacific market. The nations of China and India are
further showing a phenomenal expansion in their pharmaceutical
industries, creating an even greater demand for anhydrous aluminum
chloride over the coming years,” states a TMR analyst.
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The above factors are perceived as growth enablers
for the demand of anhydrous aluminum chloride on a global scale, but
are applicable to a much higher degree within the Asia Pacific
region. Due to several factors, the demand for anhydrous aluminum
chloride is quite lower in Europe and The Middle East and Africa as
compared to Asia Pacific and North America.
Health Hazards Primary Obstacle for Anhydrous
Aluminum Chloride Manufacturers
While the utility of anhydrous aluminum chloride is
unquestioned, its negative effects on humans as well as the
environment are also equally concerning. Ingestion or inhalation
anhydrous aluminum chloride can be toxic to humans due to its
irritating nature. Several cases of skin burns are known to occur on
workers handling anhydrous aluminum chloride in manufacturing centers
and their safety is expected to be a primary concern to the market’s
players. Another complication arises when anhydrous aluminum chloride
reacts with water to give off hydrogen chloride, a particularly
strong colorless gas that can cause severe irritation to skin or form
hydrochloric acid upon contact with moisture.
“Players in the global anhydrous aluminum chloride
market to be extremely aware of the safety standards that they are
performing in and meeting all regulatory standards set out by their
region of operation. Amidst the growing demand for anhydrous aluminum
chloride, all players are showing a very high rate of interest in
Asia Pacific, where they are expected to gain significant
opportunities overt the coming years,” adds the analyst.
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The information presented in this review is based on
a Transparency Market Research report, titled, “Anhydrous Aluminum
Chloride Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024.”
Key segments of the Global Anhydrous Aluminum
Chloride Market
Anhydrous Aluminum Chloride Market: Form Analysis
- Powder
- Granules
Anhydrous Aluminum Chloride Market: Application
Analysis
- Dyestuff & pigments
- Hydrocarbon resins
- Pharmaceuticals
- Fumed alumina
- Flavors & fragrances
- Others
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