The global aluminium sulphate market size was US$ 920 million in 2021. The global aluminium sulphate market is forecast to grow to US$ 1,168.1 million by 2030 by growing at a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030.
Factors Influencing the Market
The wide applications of aluminium sulphate in the paper & pulp, water purification, healthcare, food, and beverage industry are projected to propel the aluminium sulphate market forward during the study period.
Growing concerns over the environment are forecast to limit the growth of the global aluminium sulphate market.
Growing industrialization and rising demand for pure water will benefit the global aluminium sulphate market. In addition, the growth of the food and beverage sector will drive the aluminium sulphate market forward.
The growing demand for novel pharmaceuticals will surge the growth of the aluminium sulphate market during the forecast period.
COVID-19 Impact Analysis
The COVID-19 situation has had a substantial negative impact on the aluminium sulphate market. Due to the pandemic, the global aluminium sulphate market witnessed a total demand fall. in addition, the lockdown restrictions and economic slowdown have significantly dropped the demand for aluminium sulphate from the end-use industry. Thus, the pandemic had a detrimental influence on the aluminium sulphate market. On the contrary, the continuous growth of the healthcare industry is projected to sustain the growth of the aluminium sulphate market.
Regional Analysis
North America is forecast to hold the highest market share due to the strong industrial and chemical infrastructure in the region. In addition, favorable government policies and initiatives are forecast to propel the market forward during the projection period. Asia-Pacific is forecast to register a significant growth rate in the aluminium sulfate market. It is due to the growing demand for consumer goods and pharmaceuticals. Furthermore, favorable government initiatives to surge the growth of the healthcare sector will propel the market forward.
Competitors in the Market
Chemtrade Logistics Inc.
Nippon Light Metal
Kemira jye
GEO Specility chemicals
GAC chemical
Affinity Chemical
Nankai Chemical Co., Ltd.
Affinity Chemical LLC
C&S Chemicals, Inc.
USALCO LLC
Drury Industries Ltd
Feralco AB
Other Prominent Players
Market Segmentation
The global aluminium sulphate market segmentation focuses on Product, End-Use Industry, Functionality, and Region.
Based on the product form, the aluminium sulphate market has been segmented into
Liquid
Solid
Based on the end-use industry, the aluminium sulphate market has been segmented into
Food and beverages
Health care
Water purification & water treatment plants
Pepper industry
Others
Based on the functionality, the aluminium sulphate market has been segmented into
As an Additive
As BOD & COD Removal
Color Removal
Cell Separation
Based on region, the aluminium sulphate market has been segmented into
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
RELATED REPORT
2022-2027 GLOBAL AND REGIONAL DE-AROMATIC SOLVENTS INDUSTRY STATUS...
2022-2027 GLOBAL AND REGIONAL TRIAZINE INDUSTRY STATUS AND...
2022-2027 GLOBAL AND REGIONAL CARBON DIOXIDE INDUSTRY STATUS...
2022-2027 GLOBAL AND REGIONAL ACROLEIN INDUSTRY STATUS AND...
2022-2027 GLOBAL AND REGIONAL CURING ADHESIVES INDUSTRY STATUS...
2022-2027 GLOBAL AND REGIONAL ENGINEERED QUARTZ STONE (EQS)...
2022-2027 GLOBAL AND REGIONAL ALUMINUM WIRE INDUSTRY STATUS...
2022-2027 GLOBAL AND REGIONAL CERAMIC FILTERING MEMBRANE INDUSTRY...
2021-2030 REPORT ON GLOBAL MARINE LUBRICANTS MARKET BY...
2021-2030 REPORT ON GLOBAL VIRGIN COCONUT OIL MARKET...
2021-2030 REPORT ON GLOBAL CARBON MONOXIDE MARKET BY...
2021-2030 REPORT ON GLOBAL PERFLUOROALKOXY ALKANE (PFA) MARKET...
2021-2030 REPORT ON GLOBAL HYDROLYZED SOY PROTEIN MARKET...
2021-2030 REPORT ON GLOBAL DIACETONE ALCOHOL (DAA) MARKET...
2021-2030 REPORT ON GLOBAL ?TRANSFORMER OIL MARKET BY...