The Aluminum Chlorohydrate Market size is forecast to reach US$98.2 million by 2027, after growing at a CAGR of 3.8% during 2022-2027. The growth of the aluminum chlorohydrate
market is primarily driven by the growth of the cosmetics industry, as aluminum salts are widely used as an active
antiperspirant agents. For Instance,
as per Cosmetics Europe, the cosmetics industry of European Union retail sales is
valued at US$80 billion in 2021. The rise in the growth of the cosmetics
industry will raise the demand for the market during the forecast period. Also,
a decline in freshwater globally is rising the demand for water purification as it is used as an active ingredient for the water purification process and acts as an antimicrobial agent. The surging developments associated
with the end-use industry across the world have led to considerable growth in the
aluminum chlorohydrate market.
Aluminum Chlorohydrate Market: Leading Segment is Water & Wastewater
Based on the end-use industry, the aluminum chlorohydrate market can be segmented into transportation, building & construction, food & beverages, electric & electronics, beauty & personal care, pulp & paper, water & wastewater and others. The water & wastewater segment holds a significant share of 18% in the aluminum chlorohydrate market in 2021 and is growing with a significant CAGR during the forecast period. The aluminum chlorohydrate is used as a flocculant in the purification of drinking and domestic water as it helps in removing various organic matter from the water. The growing need for water purification will raise market growth. For instance, as per UN Water, around 56% of household wastewater flows were safely treated in 2020. Thus, the growth in the water & wastewater sector is boosting the market growth.
Aluminum Chlorohydrate Market: Leading Region in Asia-Pacific
Based on geography, the aluminum chlorohydrate market can be segmented into North America, South America, Europe, APAC and the Rest of World. According to IndustryARC’s analysis, Asia-Pacific has emerged as the most dominant region in the market. In 2021, the Asia-Pacific region held around 39% share of the total revenue earned by the market globally. Asia-Pacific countries including China, Japan and India are comparatively ahead in terms of the growth of the end-use industry. For instance, as per Invest India, the construction sector in India is expected to reach US$1 trillion by 2030 and will contribute 13% to India’s GDP. Also, Vietnam's industry and construction accounted for 37.97% of GDP. Thus, the rise in the construction industry in the region will raise market growth. The Asia-Pacific is followed by North America which is expected to gain demand for the aluminum chlorohydrate market. The major countries in North America include the U.S., Canada and Mexico.
Aluminum Chlorohydrate Market: Competitive Landscape
Key companies holding major shares in the aluminum chlorohydrate market are Chemtrade, Kemira, Grace, ALTIVIA, USALCO, Gulbrandsen Chemicals, GEO, Parchem, Summit Chemical and Holland Company among others.
Mr. Venkat Reddy
Email: [email protected]
Contact Sales: +1-970-236-3677