Aluminum Sulfate Market 2022-2031
New Study Reports “Aluminum Sulfate Market 2022 Global Analysis By Key Regions, Production, Consumption, Revenue, Applications, Growth and Forecasts 2031” has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Aluminum Sulfate Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Aluminum Sulfate Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The estimated value of the global aluminum sulfate market in 2018 is expected to be US$ 1,741 Mn and the market is projected to reach US$ 2,214 Mn by the end of 2031.
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Persistence Market Research’s newly published market report titled “Aluminum Sulfate Market: Global Industry Analysis and Forecast 2018-2026,” examines the aluminum sulfate market and offers crucial market insights for the next eight years. According to the report, the water treatment segment of the aluminum sulfate market, by application, is expected to dominate the market, accounting for around 40.4% share of the overall market value by 2026 end while registering a CAGR of 3.1% during the forecast period (2022 – 2031).
Key Players:
The report has profiled some of the important players prevalent in the global like – Chemtrade Logistics Inc., Nippon Light Metal, kemira jye, GEO Specility chemicals, GAC chemical, Affinity Chemical, Nankai Chemical Co., Ltd., Affinity Chemical LLC, C&S Chemicals, Inc., USALCO LLC, Drury Industries Ltd and Feralco AB and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Aluminum Sulfate Market.
Global Aluminum Sulfate Market Dynamics
The global aluminum sulfate market is estimated to be driven by growing demand from the rapidly growing wastewater plants & paper and pulp industry. Also, progress pertaining to increase in demand for food additives among customers is expected to result in demand rise in the aluminum sulfate market. Major players involved in the aluminum sulfate market are channelizing efforts to inculcate advanced process developments and strengthen their production infrastructure to make the available products more pure. This will encourage sales volume growth of aluminum sulfate across regions. Moreover, emphasis on mergers and acquisitions in end-use industries is also expected to gain momentum during the forecast period, thereby further pushing the growth of the global aluminum sulfate.
Aluminum sulfate finds a wide range of applications due to its physiochemical properties. It has commercial as well as industrial applications. In terms of commercial applications, aluminum sulfate is applied in poultry farms to lower the pH of litter and thus, decrease ammonia volatilization. The annual global demand for chickens is around 90 Million Tons. Thus, the poultry market is witnessing huge demand, which is expected to rise further in the coming years. This, in turn, will push the growth of the global aluminum sulfate market in future.
According to a UN-Water report, of the total water available on the Earth’s surface, only 0.5% is fresh water, which can be used for consumption and 60% of this available freshwater is unevenly distributed, with a major share concentrated among ten countries of the world. Thus, many regions suffer from water scarcity and water stress. The ever-rising demand for fresh water will drive the growth of the water treatment chemicals market, which in turn, is estimated to create opportunities for the global aluminum sulfate market during the forecast period.
Global Aluminum Sulfate Market Forecast
On the basis of application, the water treatment segment is expected to witness highest growth, in terms of volume, during the forecast period. As per the forecast, the water treatment segment is scheduled to account for more than 41.5% share in the overall market value by the end of the forecast period. This is largely due to the massive applications of aluminum sulfate in various industries.
On the basis of region, China is anticipated to dominate the global aluminum sulfate market throughout the forecast period. The region’s market is expected to expand at a CAGR of around 3.3% during the forecast period. SEA region is anticipated to display relatively higher market CAGR during the forecast period in the global aluminum sulfate market. These two regions coupled with Europe are expected to register attractive growth rates in the global aluminum sulfate market during the forecast period.
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Key Stakeholders
Aluminum Sulfate Market Manufacturers
Aluminum Sulfate Market Distributors/Traders/Wholesalers
Aluminum Sulfate Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Aluminum Sulfate Market – Report Highlights
- A detailed overview of parent market of Aluminum Sulfate Market
- Changing Aluminum Sulfate Market dynamics in the industry
- In-depth segmentation of the Aluminum Sulfate Market
- Historical, current, and projected Aluminum Sulfate Market size regarding volume and value
- Recent industry trends and developments in Aluminum Sulfate Market
- Competitive landscape of the Aluminum Sulfate Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Aluminum Sulfate Market performance
- Must-have information for Aluminum Sulfate Market players to sustain and enhance their market footprint
Key Questions Answered in the Aluminum Sulfate Market Report
How is the Aluminum Sulfate Market expected to grow over the projected period?
What direction is the Aluminum Sulfate Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Aluminum Sulfate Market in future?
What are the key market drivers in the Aluminum Sulfate Market?
What are significant opportunities and improvement areas for Aluminum Sulfate Market manufacturers?
What are the key developments and trends taking over the Aluminum Sulfate Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Aluminum Sulfate Market?
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