What is Global High Purity Aluminum Chloride Hexahydrate Market?
The Global High Purity Aluminum Chloride Hexahydrate Market is a specialized sector that focuses on the production and distribution of high purity aluminum chloride hexahydrate. This compound is a type of inorganic salt that is commonly used in various industries due to its unique properties. The market for this product is global, meaning it spans across different countries and regions. The value of this market was estimated to be around US$ 3 million in 2022. This figure is expected to increase to US$ 4 million by 2029, indicating a steady growth in the demand for high purity aluminum chloride hexahydrate. The compound is primarily used in the water treatment industry, which accounts for about 59% of its total consumption. Other industries that utilize this compound include the chemical intermediates industry and the casting industry. Despite its widespread use, the production of high purity aluminum chloride hexahydrate is dominated by a few key players. One of these is Gongyi Huanan, which holds about 11% of the global market shares.
0.99, 0.95 in the Global High Purity Aluminum Chloride Hexahydrate Market:
The Global High Purity Aluminum Chloride Hexahydrate Market is segmented based on purity levels, with 0.99 and 0.95 being the most common. These numbers represent the percentage of aluminum chloride hexahydrate in the product, with the remaining percentage made up of impurities. The higher the purity level, the more valuable the product. Products with a purity level of 0.99 are considered high-end and are typically used in applications that require a high degree of precision and reliability. On the other hand, products with a purity level of 0.95 are more commonly used in applications that can tolerate a higher level of impurities. The demand for these products varies based on the needs of the industry and the specific application. For example, the water treatment industry may require a higher purity level to ensure the effectiveness of the treatment process. On the other hand, the casting industry may be able to use a product with a lower purity level due to the nature of the casting process.
Water Treatment Industry, Chemical Intermediates Industry, Casting Industry, Other in the Global High Purity Aluminum Chloride Hexahydrate Market:
High Purity Aluminum Chloride Hexahydrate is used in a variety of industries, including the water treatment industry, the chemical intermediates industry, the casting industry, and others. In the water treatment industry, it is used as a coagulant to remove impurities from water. This accounts for about 59% of its total consumption. In the chemical intermediates industry, it is used as a catalyst in the production of other chemicals. This accounts for a significant portion of its consumption. In the casting industry, it is used in the process of casting metal parts. This accounts for about 25% of its total consumption. Other industries that use this compound include the pharmaceutical industry, the electronics industry, and the food industry. Despite its widespread use, the production of high purity aluminum chloride hexahydrate is dominated by a few key players. One of these is Gongyi Huanan, which holds about 11% of the global market shares.
Global High Purity Aluminum Chloride Hexahydrate Market Outlook:
The global High Purity Aluminum Chloride Hexahydrate market has shown a steady growth trend, with its value increasing from US$ 3 million in 2022 to an expected US$ 4 million by 2029. This growth is largely driven by the increasing demand from various industries, particularly the water treatment industry which accounts for about 59% of the total consumption. The casting industry is the second largest consumer, accounting for 25% of the total consumption. Despite the diverse range of industries that utilize this compound, the market is dominated by a few key players. Gongyi Huanan is one such player, holding about 11% of the global market shares. This dominance is likely due to their ability to produce high-quality products that meet the stringent requirements of various industries.
| Report Metric | Details |
| Report Name | High Purity Aluminum Chloride Hexahydrate Market |
| Accounted market size in 2022 | US$ 3 million |
| Forecasted market size in 2029 | US$ 4 million |
| CAGR | 2.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Gongyi Huanan, Yuqing Jingshui, Nantong Chenlong Chemical, Gongyi Longda, Jiangsu Tianteng Chemical, Gongyi Yishuiyuan, Xinghua Kangda, Nantong Mengya, Base Metal Group, Canton |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
