APAC was the largest market in 2018, and its position will remain the same during 2019-2023. Market growth in this region will be faster than the growth of the market in other geographies. Over 61% of the overall market growth will originate from this region, and China will offer maximum growth opportunities to market participants.
Some of the key findings from our aluminum sulfate market forecast report are summarized below
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Aluminum sulfate is preferred in applications including water treatment, pulp and paper, and food and beverages. Aluminum sulfate was mostly used in water treatment applications in 2018, and the segment’s position will remain unchanged throughout the forecast period. During the period 2019-2023, the market’s growth rate in the water treatment segment will be faster than the growth rate of the global market.
The market is fragmented, and the degree of fragmentation is expected to decrease by 2023. The accelerating growth will provide immense growth opportunities to market participants. To make the most of the opportunities, aluminum sulfate companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
This market report provides a detailed analysis of the market by application (water treatment, pulp and paper, food and beverages, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Chemtrade Logistics Income Fund, GAC Chemical Corp., GEO Specialty Chemicals Inc., Kemira Oyj, and USALCO.
Global aluminum sulfate market: Key drivers and trends
There is a growing demand for aluminum sulfate for various niche applications including algae boom removal from waterbodies and poultry litter formulation. Aluminum sulfate reacts with phosphorus and other unwanted elements and settles at the bottom of the water bodies. This helps in cleaning the water and preventing the formation of algae in water bodies such as lakes. Aluminum sulfate also helps in maintaining healthy livestock, feed consumption, and low mortality rate by reducing the ammonia levels in poultry farms. The low cost and high efficiency of aluminum sulfate make it highly popular for use in such applications. The increasing demand for aluminum sulfate for these niche applications is identified as a critical trend that will have a positive impact on the growth of the aluminum sulfate market size.
The scarcity of safe and potable water has boosted the demand for water treatment chemicals such as aluminum sulfate. Aluminum sulfate acts as a coagulant which helps in removing colloidal and suspended particles from wastewater. It also helps in removing turbidity, biochemical oxygen demand (BOD), and total organic carbon (TOC) from water. Global warming and changing climatic conditions will limit the availability of water resources and consequently boost the demand for aluminum sulfate. Moreover, there is also an increase in investments and government support for the development of water and wastewater treatment projects primarily in the APAC region. This will further fuel the demand for aluminum sulfate for use as coagulants in water treatment plants. The growth of the global water and wastewater chemicals market will also contribute to the growth of the aluminum sulfate market, which will register a CAGR of almost 3% during the forecast period.
Aluminum sulfate market: Competitive landscape and companies covered
The global aluminum sulfate market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on various companies. Moreover, this aluminum sulfate market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
The report offers a detailed analysis of several leading aluminum sulfate manufacturers, including:
- Chemtrade Logistics Income Fund
- GAC Chemical Corp.
- GEO Specialty Chemicals Inc.
- Kemira Oyj
- USALCO
Aluminum sulfate market: Segmentation based on application
- Water treatment
- Pulp and paper
- Food and beverages
- Others
The water treatment segment will account for the largest aluminum sulfate market share. The increasing use of coagulants in wastewater treatment will drive the demand for aluminum sulfate in the water treatment application segment.
Aluminum sulfate market: Segmentation based on geographic region
- APAC
- Europe
- MEA
- North America
- South America
APAC will account for the largest aluminum sulfate market share throughout the forecast period. The increasing use of aluminum sulfate across various industries and the rising demand for food products in APAC will be significant factors fueling aluminum sulfate market growth in this region.
Aluminum sulfate market: Key highlights of the report for the forecast period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the aluminum sulfate market during the next five years
- Precise estimation of the global aluminum sulfate market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the aluminum sulfate industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of aluminum sulfate companies
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