Aluminum Sulfide Market by End-user and Geography - Forecast and Analysis 2022-2026

The aluminum sulfide market share is expected to increase to USD 1.67 billion from 2021 to 2026, at a CAGR of 3.8%.

This aluminum sulfide market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aluminum sulfide market segmentation by end-user (oil and gas, water and wastewater treatment, and others) and geography (North America, APAC, Europe, Middle East and Africa, and South America). 

What will the Aluminum Sulfide Market Size be During the Forecast Period?

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Aluminum Sulfide Market: Key Drivers, Trends, and Challenges

 Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aluminum sulfide industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aluminum Sulfide Market Driver

• One of the key factors driving growth in the aluminum sulfide market is the increasing demand for clean water and wastewater treatment.
• With the growth of urbanization, the number of industries being set up has increased, and this has increased the pollution of water reservoirs and sources.
• In developing countries, governments are encouraging in-house manufacturing and offering support to startups and small and medium-sized enterprises (SMEs). Such initiatives by governments across the world have increased the number of industries as well as industrial waste will have a positive impact on the growth of the global aluminum sulfide market. 
• A decline in the level of water and water quality because of the threatening water crisis across many countries such as South Africa, Brazil, Argentina, India, Saudi Arabia, and the UAE is boosting the demand for wastewater treatment chemicals for alternative water treatment methods.
• The governments of various emerging countries such as India, China, and South Africa are encouraging the use of industrial wastewater treatment and wastewater reuse by imposing penalties on noncompliance and rolling out incentives for the reuse of water.

Key Aluminum Sulfide Market Trend

• The increase in the growth of the paper and pulp industry is an aluminum sulfide market trend that is expected to have a positive impact in the coming years.
• The increasing demand for paper and pulp products for packaging in key end-use sectors such as food and beverage, electrical and electronics, and e-commerce industries is anticipated to drive the growth of the global aluminum sulfide market during the forecast period.
• The key growth factor in the global market for aluminum sulfide is the low-cost and optimum quality of paper and pulp products such as corrugated boxes.
• Since online retailers use product-specific corrugated boxes to maintain product safety from mechanical stress, it is positively influencing growth in the paper and pulp industry. Thus, the increased growth in the paper and pulp industry is expected to propel the demand for aluminum sulfide and, in turn, lead to the growth of the global aluminum sulfide market.

Key Aluminum Sulfide Market Challenge

• The increased exposure to macroeconomic factors will be a major challenge for the aluminum sulfide market during the forecast period.
• In 2020, the outbreak of COVID-19 further worsened the economic condition globally.
• The stagnation of the global economy has negatively affected investments in different industries and markets globally, which will limit the growth of the global aluminum sulfide market.
• The increasing exposure of the global aluminum sulfide market to macroeconomic factors makes it vulnerable to various uncertainties and risks, which may lead to an economic downturn and depress trade activities. Therefore, a decline in global economic growth, investments, or trade will have an adverse impact on the entire chemical industry.
• A weak investment environment, a downturn in trade, policy uncertainties, and low commodity price levels can also serve as negative pointers for the global aluminum sulfide market. Therefore, macroeconomic factors can negatively impact demand for aluminum sulfide, which can restrain the growth of the global aluminum sulfide market.

This aluminum sulfide market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Which are the Key Regions for Aluminum Sulfide Market?

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36% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for aluminum sulfide in APAC. Market growth in this region will be faster than the growth of the market in other regions.

North America is another region showing major market growth. The growing number of investments in natural gas processing facilities and petrochemical complexes in the US, Canada, and Mexico is increasing the demand for aluminum sulfide. This will facilitate the aluminum sulfide market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Most countries in North America, such as the US, Canada, and Mexico, were severely affected by the COVID-19 pandemic in 2020. The rise in the number of COVID-19 cases across the region during the first half of 2020 influenced governments to introduce emergency legislation, which included restrictions on the operational activities of several industries, including the production of aluminum sulfide. However, the vaccination drives adopted by the governments in the region helped to control the spread of the disease from Q3 of 2020. The oil and gas, chemical, and food and beverage industry projects resumed in the first Q4 of 2021, and projects in other end-user industries have also gained traction, which, in turn, is expected to drive the growth of the aluminum sulfide market in North America during the forecast period.

What are the Revenue-generating End-user Segments in the Aluminum Sulfide Market?

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The aluminum sulfide market share growth by the oil and gas segment will be significant during the forecast period. The demand for aluminum sulfide will witness growth in the oil and gas industry during the forecast period, as the market is slowly recovering. The oil and gas industry undertakes exploration, extraction, refining, and transportation of oil and gas products. Aluminum sulfide is an important component of oil and gas upstream production for extraction of crude oil and removal of impurities. The new discoveries of crude oil and natural gas reserves drive the growth of the market in focus.

This report provides an accurate prediction of the contribution of all the segments to the growth of the aluminum sulfide market size and actionable market insights on post COVID-19 impact on each segment.

Who are the Major Aluminum Sulfide Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Absco Ltd.
• American Elements
• Materion Corp.
• Merck and Co. Inc.
• Otto Chemie Pvt. Ltd.
• Thermo Fisher Scientific Inc.
• Ultra Pure Lab Chem Industries LLP

 

This statistical study of the aluminum sulfide market encompasses successful business strategies deployed by the key vendors. The aluminum sulfide market is concentrated and the vendors are deploying growth strategies such as focusing on R&D activities to compete in the market.

Product Insights and News

• absco-limited.com - The company offers aluminum sulfide which is a moderately water and acid soluble aluminum source for uses compatible with sulfates.

• absco-limited.com - Under the unified segment, the company offers molybdenum products, high purity silicon metal, boron carbide, fabricated metals, research materials and polishing powders.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The aluminum sulfide market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Aluminum Sulfide Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the aluminum sulfide market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

 

Aluminum Sulfide Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 3.8%
Market growth 2022-2026	USD 1.67 billion
Market structure	Concentrated
YoY growth (%)	4.1
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 36%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Absco Ltd., American Elements, Materion Corp., Merck and Co. Inc., Otto Chemie Pvt. Ltd., Thermo Fisher Scientific Inc., and Ultra Pure Lab Chem Industries LLP
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Aluminum Sulfide Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive aluminum sulfide market growth during the next five years
• Precise estimation of the aluminum sulfide market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the aluminum sulfide industry across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of aluminum sulfide market vendors

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