Growing demand from end users for pharmaceutical and industrial applications is expected to drive the growth of India aluminium chloride market in the forecast period, 2024-2028. According to TechSci Research report, “India Aluminium Chloride Market – By Region, Competition Forecast and Opportunities, 2018-2028″, the India aluminium chloride market is anticipated to increase at an impressive rate in the forecast period 2024-2028.
The Important Elements of India’s Aluminium Chloride Market
Aluminium chloride is employed as a chemical medium for aluminium compounds and as a catalyst for cracking petroleum. Additionally, it is used in medications, for preserving wood, disinfectants, photography, cosmetics, and textiles, among others. The growing use of aluminium chloride coagulants in household wastewater treatment at a low cost has strengthened the demand for aluminium chloride in the market. As it is used to produce a rechargeable battery, it has a great opportunity in electric vehicles (EVs) and power generation plants to store charge, among other sectors.
The toxicity of the product in several circumstances and difficulties in storing and transportation are the key restraint of the market growth. In anhydrous form, aluminium chloride can be a toxic substance for humans. As it is highly corrosive, it can cause serious harm in the long term if inhaled, ingested, or encountered on the skin.
Apart from these, aluminium chloride is corrosive and reactive and behaves viciously with water and humid air to form toxic hydrogen chloride gas. Inhalation of aluminium chloride led to irritation in the lungs, and higher exposures could reason for the building-up of fluid. Those who are regularly exposed to aluminium chloride have high chances of scarring and lessened lung functioning with symptoms of coughing and shortness of breath. Hence, proper preventive measures should be followed, like gloves and clothing, eye protection, and mask during exposure or transportation of aluminium chloride. Therefore, above mentioned factors can hinder the growth of the aluminium chloride market.
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India Aluminium Chloride market is segmented based on grade and application.
Based on pharmaceutical applications, the market is divided into cough syrups, diuretics, metabolic alkalosis, and others. The metabolic alkalosis segment is expected to hold the largest market share in the projected year. Owing to the growing lung issues, especially cough with mucus, the demand for a cough syrup containing aluminium chloride is increasing to reduce mucus’s stickiness and remove cough from the windpipe. Thus, cough syrup is expected to dominate pharmaceutical applications.
Based on industrial application, the market is categorized into wastewater treatment, synthetic rubber, lubricants, wood preservatives, and others. The lubricants segment is expected to hold the largest market share in the projected year. As the demand for lubricants from automobiles and infrastructure has significantly increased over the years. Hence, the lubricant segment will dominate the industrial applications.
Major companies operating in India’s Aluminium Chloride market are:
- Anmol Chloro Chem
- Nike Chemical India
- Otto Chemie Pvt. Ltd.
- Emco DyeStuff Private.Limited
- Balaji Chemicals.
- Joshi Agrochem Pharma Pvt. Ltd.
- Gujarat Alkalies and Chemicals Limited
Scientists from the University of Leicester, United Kingdom have discovered a method to retrieve silver and aluminium from used PV cells that is cheaper and more environmentally friendly than current recycling processes using mineral acids. By dissolving iron chloride and aluminium chloride in saline water one can extract over 90 percent silver and aluminium from solar cells.
The government of India has part of the Paris environment agreement and is investing a lot in renewable power sources like solar panels. After a certain period, the demand for aluminium chloride will rise to retrieve silver and aluminium from used PV cells.
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“Various government initiatives like Make in India, establishing Special Economic Zones, making labour laws flexible, curbing trade barriers, and granting compulsory licensing are going to increase the aluminium chloride demand. Growing demand from healthcare industries in producing medical applications like antiperspirant deodorants, cough syrups, etc. is driving the market growth. Moreover, aluminium chloride has been used in various industrial applications like wastewater treatment chemicals, batteries, and others in the past years.” said Mr Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Aluminium Chloride Market By Grade (Pharmaceutical v/s Industrial), By Pharmaceutical (Cough Syrups, Diuretics, Metabolic Alkalosis, and Others), By Industrial (Wastewater Treatment, Synthetic Rubber, Lubricants, Wood Preservatives, and Others), By Region, Competition, Forecast and Opportunities, 2028 has evaluated the future growth potential of India aluminium chloride Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India’s aluminium chloride market.
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