Global Poly Aluminium Chloride (PAC) Market growing at a CAGR of 5.3% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Aug 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the poly aluminium chloride (PAC) market is predicted to grow at a compound annual growth rate of 5.3% from 2023 to 2030 and is expected to reach USD 2,555.95 million in 2030 which was valued at USD 1,700.00 million in 2022.
The report highlights the increasing demand for water treatment, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the poly aluminium chloride (PAC) market.
Global Poly Aluminium Chloride (PAC) Market By Overview
The poly aluminium chloride (PAC) market is bifurcated into the form and end-user industry. Based on form the market is segmented into solid and liquid. In 2022, the liquid segment dominates the overall poly aluminium chloride (PAC) market. The end-user industry segment is categorized into Water Treatment, Paper & Pulp Industry, Cosmetics and Personal Care, Oil & Gas, and Others (Textile and Ceramic Industry, etc.). In 2022, the water treatment segment accounted for the highest market share in the poly aluminium chloride (PAC) market.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand for water treatment is benefiting the market growth
- Increasing application in the cosmetics and personal care industry is boosting the growth of the market
Restraints:
- Increasing concerns regarding corrosion inhibition due to poly aluminium chloride (PAC) is restraining the market growth
Market Segmentation:
| Report Attributes | Report Details |
| By Form | Solid and Liquid |
| By End-user Industry | Water Treatment, Paper & Pulp Industry, Cosmetics and Personal Care, Oil & Gas, and Others (Textile and Ceramic Industry, etc.) |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Airedale Group, Grasim Industries Ltd., Kemira Oyj, and USALCO which has a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and others. Furthermore, the poly aluminium chloride (PAC) market is expected to witness substantial growth in the coming years due to the increasing investments in the development of water treatment plant facilities will favor the market growth in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Airedale Group
- Feralco AB
- GEO Specialty Chemicals
- Neelchem
- Grasim Industries Ltd.
- Kemira Oyj
- Synergy Multichem Pvt. Ltd.
- USALCO
- Gujrat Alkalies and Chemical Limited
