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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).
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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.
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.
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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.
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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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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