What is the role of Asia Pacific in polyaluminum chloride market?

Asia Pacific accounted for a major share of the global polyaluminum chloride market in 2017 and is expected to continue its dominance between 2018 and 2026. Asia Pacific is the most populous region in the world. It is also a prominent industrial hub.

How big is the polyaluminium chloride market?

According to the report published by Zion Market Research, global demand for Polyaluminium Chloride market was valued at approximately USD 10.05 Billion in 2019, and is expected to generate revenue of around USD 19.30 Billion by end of 2026, growing at a CAGR of around 9.5% between 2020 and 2026.

What is the demand for polyaluminum chloride?

Thus, depleting freshwater resources and increasing impurities in wastewater have augmented the need for water treatment chemicals. This, in turn, has generated the demand for polyaluminum chloride. Polyaluminum chloride is available in two forms i.e. liquid and powder.

Why did the European polyaluminium chloride market struggle in 2023?

The European polyaluminium chloride market encountered difficulties due to the weak position of the chlorine industry. The fall in trade activities and reduced demand from end-user sectors played a substantial role in determining the trend of polyaluminium chloride prices in the first and second quarters of 2023.

What are the challenges facing the polyaluminium chloride market?

The chlorine market faced challenges with low demand and surplus supply. These conditions resulted in a poor number of sales and decreased trading activities, which had a negative impact on the polyaluminium chloride market.

Who are the major players in the polyaluminum chloride market?

Major players operating in the global polyaluminum chloride market are Kemira Oyj, 3V Tech S.p.A., BASF SE, Gulbrandsen, Nippon Light Metal Company Ltd. (NLM), Geo Specialty Chemicals Inc., Feralco Group, USALCO, Gujarat Alkalies & Chemicals Ltd., Kanoria Chemicals & Industries Limited.