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Global Aluminum Chlorohydrate Market: Overview
“The global Aluminum chlorohydrate Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Aluminum chlorohydrate is widely used in water purification in order to remove dissolved organic materials. Aluminum Chlorohydrate is one of the 18 aluminum-based active ingredients approved by Food and Drug Association for commercial use.
Aluminum chlorohydrate reduces the amount of sweat on skin surface and the ingredient also creates a skin environment which is hostile for the growth of malodor-producing bacteria that helps to reduce underarm odor.
Aluminum chlorohydrate is normally prepared from virgin aluminum, mined and purified from naturally occurring mineral bauxite. This process is very energy intensive, creates greenhouse gases and the mineral supply is finite.
Global Aluminum Chlorohydrate Market: Dynamics
Flourishing cosmetic industry in developed and developing countries, coupled with increasing adoption of aluminum salts as an active antiperspirant agent in various cosmetic products is a major factor expected to drive growth of the global aluminum chlorohydrate market.
In addition, increasing government investments in water treatment plants, rising number of water treatment plants in developing countries is resulting in increasing adoption of aluminum chlorohydrate as a coagulant in order to remove dissolved organic matter and colloidal particles.
These are some other factors expected to further support growth of the global market to certain extent. For instance, in 2017, according to the Federal and Government of British Columbia, federal government invested US$ 450.1 Mn in municipalities for water and wastewater treatment across British Columbia.
However, availability of various alternatives such as aluminum chloride and aluminum dichlorohydrate is a major factor expected to hamper growth of the global market.
Increasing investments by major players for R&D activities is expected to create potential revenue opportunities for players operating in the global market over the forecast period. In addition, increasing strategic expansion activities through mergers and acquisitions in order to increase profit share is expected to further support growth of the market.
Global Aluminum Chlorohydrate Market: Segment Analysis
Among the type segments, the dry segment is expected to dominate in the target market over the forecast period.
Among the application segments, the cosmetic segment is expected to dominate in the target market over the forecast period.
Global Aluminum Chlorohydrate Market: Region
The market in North America is expected to dominate in the global market, and is expected to continue its dominance over the forecast period. This can be attributed to increasing demand from cosmetic industry and presence of major players operating in the countries in this region. In addition, growing partnerships and agreements between regional and international players is expected to further support growth of the target market in this region.
The market in Asia Pacific is expected to register faster growth, owing to increasing investment in water treatment plants and presence of prominent players operating in emerging economies in this region. In addition, increasing government expenditure on pharmaceutical sector, coupled with increasing demand for aluminum chlorohydrate from pharmaceutical sector is another factor expected to support growth of the target market in this region.
Global Aluminum Chlorohydrate Market: Segmentation:
Segmentation by type
Segmentation by application
- Water Treatment
Segmentation by region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Chemtrade Logistics Inc.
- Kemira Oyj
- R. Grace & Co.
- ALTIVIA Chemicals, LLC
- USALCO, LLC
- Gulbrandsen Chemicals, Inc.
- Parchem Construction Supplies Pty Ltd.
- Summit Chemicals Holding Corporation
- Holland Company, Inc.
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