What factors influenced polyaluminium chloride prices in Asia?

In Asia, polyaluminium chloride prices were significantly influenced by the market dynamics of the aluminum and chlorine markets. The chlorine market faced several challenges, such as increasing inventory levels and sluggish downstream industry activities, along with challenging economic conditions.

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 price trend of polyaluminum chloride?

According to Procurement Resource, the price trend of Polyaluminium Chloride is estimated to trace a southwards journey as its demand from the downstream sectors does not seem to follow a growing trend. Domestic mainstream quotations for industrial polyaluminum chloride were 2373.75 RMB/MT on March 29. The Chinese market had mostly stayed stable.

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.

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.

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.