NEW YORK, July 26, 2018 /PRNewswire/ --
China Anticipated to Register Relatively Faster Growth in the Global Aluminum Sulfate Market during 2018 - 2026
Persistence Market Research's newly published market report titled "Aluminum Sulfate Market: Global Industry Analysis and Forecast 2018-2026," examines the aluminum sulfate market and offers crucial market insights for the next eight years. According to the report, the water treatment segment of the aluminum sulfate market, by application, is expected to dominate the market, accounting for around 40.4% share of the overall market value by 2026 end while registering a CAGR of 3.1% during the forecast period (2018 - 2026). The estimated value of the global aluminum sulfate market in 2018 is expected to be US$ 1,741 Mn and the market is projected to reach US$ 2,214 Mn by the end of 2026.
Global Aluminum Sulfate Market Dynamics
The global aluminum sulfate market is estimated to be driven by growing demand from the rapidly growing wastewater plants & paper and pulp industry. Also, progress pertaining to increase in demand for food additives among customers is expected to result in demand rise in the aluminum sulfate market. Major players involved in the aluminum sulfate market are channelizing efforts to inculcate advanced process developments and strengthen their production infrastructure to make the available products more pure. This will encourage sales volume growth of aluminum sulfate across regions. Moreover, emphasis on mergers and acquisitions in end-use industries is also expected to gain momentum during the forecast period, thereby further pushing the growth of the global aluminum sulfate.
Request Sample Report @ https://www.persistencemarketresearch.com/samples/16489
Aluminum sulfate finds a wide range of applications due to its physiochemical properties. It has commercial as well as industrial applications. In terms of commercial applications, aluminum sulfate is applied in poultry farms to lower the pH of litter and thus, decrease ammonia volatilization. The annual global demand for chickens is around 90 Million Tons. Thus, the poultry market is witnessing huge demand, which is expected to rise further in the coming years. This, in turn, will push the growth of the global aluminum sulfate market in future.
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, is estimated to create opportunities for the global aluminum sulfate market during the forecast period.
Aluminum Sulfate Market Research Report Overview @ https://www.persistencemarketresearch.com/market-research/aluminum-sulfate-market.asp
Global Aluminum Sulfate Market Forecast
On the basis of application, the water treatment segment is expected to witness highest growth, in terms of volume, during the forecast period. As per the forecast, the water treatment segment is scheduled to account for more than 41.5% share in the overall market value by the end of the forecast period. This is largely due to the massive applications of aluminum sulfate in various industries.
On the basis of region, China is anticipated to dominate the global aluminum sulfate market throughout the forecast period. The region's market is expected to expand at a CAGR of around 3.3% during the forecast period. SEA region is anticipated to display relatively higher market CAGR during the forecast period in the global aluminum sulfate market. These two regions coupled with Europe are expected to register attractive growth rates in the global aluminum sulfate market during the forecast period.
Download and View Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/methodology/16489
Global Aluminum Sulfate Market Competitive Landscape
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
Get Full Report Now https://www.persistencemarketresearch.com/checkout/16489
More from PMR's Chemicals and Nanomaterials Market Intelligence:
- Industrial Gases Market Segmented by (By Gas Type - Oxygen, Acetylene, Nitrogen, Argon, Helium, Carbon Dioxide, Hydrogen; By Application Type - Metal Manufacturing and Fabrication, Healthcare, Automotive & Aerospace, Electronics, Energy, Oil & Gas, Food & Beverages, Pulp & Paper, Chemicals, Pharmaceutical & Biotechnology, Other industries)
- Flat Glass Market Segmentation By Type ( Annealed Glass, Toughened Glass, Laminated Glass, Coated Glass, Mirrored Glass, Patterned Glass, Extra Clear Glass ); By Manufacturing Process ( Float Glass, Sheet Glass, Rolled Glass ); By Application ( Building & Construction, Automotive, Electronics, Furniture, Solar Applications, Others ) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025
- Decorative Laminates Market Segmented by (By Product Type - Low Pressure Laminates, Paper, Films and Foils, High Pressure Laminates, Edge Banding;By Application - Furniture and Cabinets, Flooring, Wall Panel, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025
Persistence Market Research Overview
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
USA - Canada Toll-Free: 800-961-0353
PMR Latest News: https://www.persistencemarketresearch.com/news
SOURCE Persistence Market Research Pvt. Ltd.