Wilmington, Delaware , Oct. 04, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Aluminum Sulfate Market by Grade (Standard Grade, Low Iron Grade and Iron Free Grade), Form (Solid and Liquid), and Application (Water Treatment, Paper Manufacturing, Dyeing, Pharmaceutical and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the aluminum sulfate market was valued at $1.1 billion in 2023, and is estimated to reach $1.5 billion by 2033, growing at a CAGR of 3.2% from 2024 to 2033.
Prime determinants of growth
The global aluminum sulfate market is experiencing growth due to increase in demand for water treatment and growth in the paper and pulp industry. However, stringent environmental regulations and safety standards hinder the market growth to some extent. Moreover, utilization in chemical manufacturing processes presents additional opportunities for aluminum sulfate. Aluminum sulfate serves as a precursor in the production of several other chemicals such as aluminum hydroxide, alum, and sodium aluminate. Aluminum hydroxide, derived from aluminum sulfate, is extensively used in the manufacture of flame retardants, ceramics, and pharmaceuticals. Alum, formed by the reaction of aluminum sulfate with potassium sulfate or sodium sulfate has applications in water treatment, papermaking, and leather tanning industries.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2024–2033 |
| Base Year | 2023 |
| Market Size in 2023 | $1.1 billion |
| Market Size in 2033 | $1.5 billion |
| CAGR | 3.2% |
| No. of Pages in Report | 420 |
| Segments Covered | Grade, Form, Application, and Region |
| Regional Scope | North America, Europe, Asia-Pacific, LAMEA |
| Drivers | Increase in demand for water treatment Growth in the paper and pulp industry |
| Opportunity | Utilization in chemical manufacturing processes |
| Restraint | Stringent environmental regulations and safety standards |
Standard grade segment to maintain its dominance by 2033
By grade, the standard grade segment held the highest market share in 2023 and is estimated to maintain its leadership status throughout the forecast period. The increase in need for effective water treatment solutions is a primary driver for the standard grade of aluminum sulfate. The contamination of water resources becomes a critical issue as urbanization and industrial activities escalate. Municipalities and industries are increasingly investing in water treatment facilities to ensure the provision of clean and safe water. Standard grade aluminum sulfate is widely utilized in these processes due to its efficiency in coagulating and flocculating impurities, thereby enabling the removal of suspended solids, organic matter, and pathogens.
Liquid segment to maintain its dominance by 2033
By form, the liquid segment held the highest market share in 2023 and is estimated to maintain its leadership status throughout the forecast period. The expansion of industrial activities and wastewater treatment drive the demand for liquid aluminum sulfate in the treatment of industrial effluents. Industries such as pulp and paper, textiles, food and beverage, and mining generate wastewater that contains various contaminants and pollutants. Liquid aluminum sulfate is commonly used as a flocculant in wastewater treatment plants to facilitate the removal of suspended solids, heavy metals, and organic compounds from industrial effluents. The demand for effective wastewater treatment chemicals such as liquid aluminum sulfate is expected to grow during the forecast period as industries face increasing regulatory pressure to comply with environmental standards and discharge limits.
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Water treatment segment is expected to lead the trail by 2033
By application, the water treatment segment held the highest market share in 2023 and is estimated to dominate during the forecast period. The demand for potable water and efficient wastewater management systems escalates as cities expand and populations increase. Urban areas generate significant amounts of wastewater that must be treated to prevent environmental contamination and health risks. Aluminum sulfate is integral in these treatment processes, effectively removing impurities, suspended particles, and organic matter from water, thereby ensuring it meets safety and quality standards for consumption and environmental discharge. In addition, environmental regulations and water quality standards also drive the demand for aluminum sulfate in water treatment. Governments and environmental agencies are increasingly imposing stringent regulations to protect water resources from pollution and ensure safe drinking water for the public.
Asia-Pacific is expected to experience fastest growth throughout the forecast period
By region, Asia-Pacific was the fastest growing region in terms of revenue in 2023. The paper and pulp industry in the Asia-Pacific region is expanding rapidly, driven by surge in demand for paper products, packaging materials, and hygiene products. Aluminum sulfate is a key ingredient in the papermaking process, used for sizing and improving the paper’s resistance to water and ink absorption. The industry's growth is fueled by rise in literacy rates, surge in e-commerce sector that require more packaging materials, and the overall economic development in the region.
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Leading Market Players:
- American Elements
- Hawkins
- Kishida Chemical Co., Ltd.
- NIKE CHEMICAL INDIA
- Chemtrade Logistics
- Henan Fengbai Industrial Co., Ltd.
- Merck KGaA
- USALCO
- NACALAI TESQUE, INC.
- AFFINITY CHEMICAL
The report provides a detailed analysis of these key players in the global aluminum sulfate market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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