Aluminum Sulfide Market Size and Forecasts (2020–2026), Global and Regional Share, Trends, and Growth Opportunity Analysis
According to the report, global demand for Aluminum Sulfide market was valued at approximately USD 3.21 billion in 2019, and is expected to generate revenue of around USD 4.3 billion by end of 2026, growing at a CAGR of around 4.2 % between 2020 and 2026.
Aluminum Sulfide is a chemical compound, which exists in various forms with formula Al2S3. It is colorless in nature and on hydrolysis produce hydrogen sulfide (H2S). When exposed to moisture, aluminum sulfide hydrolyzes to hydrated aluminum hydroxides or oxides. It is mainly used as a flocculating agent in the purification of drinking water and waste water treatment plants. It is also used in paper manufacturing, sanitation and tanning. Aluminum sulfide is also used as a general-purpose food additive.
Increasing use in the paper and pulp industry and as a water treatment chemical are major factors driving the aluminum sulfide market. Increasing demand for clean water across the world and use of water treatment chemicals is expected to grow at the rapid pace in the years to come. Additionally, requirement for high quality chemicals used in the paper manufacturing is also projected to increase the demand for aluminum sulfide in the forecast period. However, volatility prices of raw material, certain environmental regulations and concern against the use of aluminum sulfide could act as restraints for the global aluminum sulfide market.
Report Scope:
The report includes detailed competitive landscape of the global aluminum sulfide market and an analysis of Porter’s five forces model for the aluminum sulfide market has also been included. It includes company market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the aluminum sulfide market based on application and region segment. Key application market for aluminum sulfide includes oil and gas, food and beverage, water treatment, paper and pulp, and others. Growing demand for aluminum sulfide from water treatment and paper and pulp industries is anticipated to fuel the market during the next few years.
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. This segmentation includes demand for aluminum sulfide based on individual applications in all the regions.
The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include -
- Arkema SA
- Buckman Laboratories
- BASF AG.
Aluminum Sulfide Market: Application Segment Analysis
- Water Treatment
- Paper and Pulp
- Oil and Gas
- Food And Beverage
- Others
Aluminum Sulfide Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East And Africa
About Zion Market Research:
Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Zion Market Research
USA: +1 3479038971 | +1 7187054574
USA/Canada Toll Free: 1 (855) 465–4651 | Newark: 1 (302) 444–0166
UK: +44 2032 894158
India: +91 7768 006 007 | +91 7768 006 008
Email: sales@zionmarketresearch.com | Web: https://www.zionmarketresearch.com/
Follow Us on — LinkedIn | Twitter | Facebook | Pinterest | YouTube
Also Read Our Blogs: https://zmrblog.com/