Aluminum Sulfate finds important applications in the food & beverages, paper & pulp, wastewater and pharmaceutical industries. The global aluminum sulfate market is estimated to be pegged at around US$ 839.4 million in 2018 and is expected to register a CAGR of 3.0% over the forecast period (2018–2026).
Factors influencing the global aluminum sulfate market growth
Increasing demand for fresh water resources is paving way for aluminum sulfate
According to a UN-Water report, of the total water available on the Earth’s surface, only 0.5% is fresh water, which can be used for consumption, and 60% of this available freshwater is unevenly distributed, with a major share concentrated among ten countries of the world. Thus, many regions suffer from water scarcity and water stress. The ever-rising demand for fresh water will drive the growth of the water treatment chemicals market, which in turn, will drive the global aluminum sulfate market during the forecast period
Growing pharmaceutical industry will drive the growth of the aluminum sulfate market
Aluminum sulfate has a high number of clinical benefits and is frequently used in the pharmaceutical industry. The rapidly growing pharmaceutical industry will further y push the growth of the aluminum sulfate market. In Europe and the United States, pharmaceutical pollution is gaining attention & policies are being created to address the problem. According to the IMS Health data (MIDAS, May 2017), the pharmaceutical industry has resulted in a lucrative parallel trade, which is expected to benefit the aluminum sulfate market in the next few years.
Growing paper & pulp industry will push the growth of the aluminum sulfate market
Aluminum sulfate witnesses large demand from numerous end-use industries, including chemical, paper & pulp and food & beverages, among others. It plays a major role in paper mills where it is used to size papers. Increasing demand for paper instead of plastic due to government regulations in various regions increased by 1.0% per annum in 2011. Printing and sizing papers will lead to major growth of the chemicals (such as aluminum sulfate) used in the paper and pulp industry.
Global aluminum sulfate market segmentation and forecast
The global aluminum sulfate market is segmented on the basis of application, grade, product type and region. On the basis of application, the global aluminum sulfate market is segmented into paper & pulp, waste water treatment, food & beverages, personal care, pharmaceutical and others. On the basis of product type, the global aluminum sulfate market is segmented into ferric alum and non-ferric alum. On the basis of grade, the global aluminum sulfate market is segmented into industrial and food & pharmaceutical grade. Key regions covered in the report include North America, Latin America, Europe, SEA, China, Japan and Middle East and Africa (MEA).
Global aluminum sulfate market analysis, by region
From a regional perspective, the aluminum sulfate market in China is projected to witness relatively faster growth over the forecast period. The Europe aluminum sulfate market is estimated to account for a share of around 19.9% in the global market, by value, by 2028 end. The second largest aluminum sulfate markets, by region, are North America, which is followed by Europe. The market in South East & Asia is expected to register a CAGR of around 2.7% in terms of value over the forecast period. In aluminum sulfate market, China is expected to reach US$ 1,681 Mn by the end of 2028. The aluminum sulfate market in Middle East & Africa (MEA) is expected to expand at a CAGR of around 1.9% over the forecast period.
Key players dominating the global aluminum sulfate market
Some of the players reported in this study on the global aluminum sulfate market are 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 and Feralco AB
Persistence Market Research (PMR) analyzes the global aluminum sulfate market in its new publication titled “Aluminum Sulfate Market: Global Industry Analysis and Forecast 2018–2026”. This study provides data for 2017 along with the forecast for the period (2018–2026). The main objective of the report is to identify the dynamics in the market and provide recent updates and insights pertaining to various segments of the global aluminum sulfate market. To provide a better understanding of the market, the report also includes analysis of drivers, restraints, & trends which influence the current market scenario and are expected to impact the global aluminum sulfate market over the forecast period. The study provides data for 2017 along with a comprehensive market forecast for the period 2018–2026.
To understand and assess market opportunities and trends, the global aluminum sulfate market report is categorically split into different sections based on grade, product type, application and regions. The report starts with the market overview and provides market definition and taxonomy along with value chain, drivers, supply demand scenario & pricing analysis pertaining to the market. The sections that follow include global aluminum sulfate market analysis – by product type, grade, application and regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global aluminum sulfate market. To give a brief idea about revenue opportunities from end-use, delivery form and region/country-wise segments, the report also provides market value (US$ Mn) data, growth rates, market shares and total incremental $ opportunity indices for each segment over the forecast period (2018-2026).
In the final section of the report, we have provided a detailed competition landscape with company market shares and performance, to provide report audiences with a dashboard view of key players operating in the aluminum sulfate market along with their business strategies. This would enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.
For market data analysis, we have considered 2017 as the base year, with market numbers estimated for 2018 and forecast made for 2018–2026. The report considers the market size of the aluminum sulfate market at a global level and splits & evaluates the market at a regional level. The forecast assesses the total revenue (US$ Mn) of the aluminum sulfate market. In order to provide an accurate forecast, we have started by sizing up the current market, which forms the basis of how the aluminum sulfate market is expected to develop in the future. The critical market data, including the base number and segment splits, has been devised through in-depth secondary research. This data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics of the various regional markets, along with primary interviews of aluminum sulfate manufacturers, distributors & suppliers and industry experts operating in the global aluminum sulfate market. The forecast presented in the report evaluates the actual market size (US$ Mn) in 2018 with regard to aluminum sulfate market and the expected market value in the global aluminum sulfate market over the forecast period.
We have also analyzed the different segments of the aluminum sulfate market in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global aluminum sulfate market. The report also analyses the aluminum sulfate market based on incremental dollar opportunity & the global absolute dollar opportunity. This is usually overlooked while estimating the market forecast. However, from a business development perspective, it is essential to identify that market attractiveness in terms of three indices, viz. market share index, CAGR index and incremental dollar opportunity index. Moreover, the market attractiveness index allows clients to understand the key segments in terms of their performance and growth in the global aluminum sulfate market. This market attractiveness index would also help clients to identify real market opportunities in the global aluminum sulfate market.