Liquid Sodium Aluminate Market Size By Product (38% Solution, 43% Solution, and 45% Solution), By Application (Water Treatment, Paper Industry, Oil & Chemical, Construction, and Other), By Geographic Scope And Forecast
Liquid Sodium Aluminate Market Size By Product (38% Solution, 43% Solution, and 45% Solution), By Application (Water Treatment, Paper Industry, Oil & Chemical, Construction, and Other), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Liquid Sodium Aluminate Market size was valued at USD 776.08 Million in 2024 and is projected to reach USD 996.39 Million by 2031, growing at a CAGR of 3.50% from 2024 to 2031.
Growing government initiatives related to water and wastewater treatment is one of the major factors contributing to the growth of the liquid sodium aluminate market around the world. The Global Liquid Sodium Aluminate Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market.
What is Liquid Sodium Aluminate Market?
Sodium aluminate is a product produced by dissolving aluminum hydroxide in sodium hydroxide. Sodium aluminate is available in two forms i.e. solid and liquid. The products are an excellent source of reactive alumina in alkaline solutions and are a major reason for their use in many industrial processes as a raw material. It is used in the paper industry as an auxiliary refining agent and retention agent; other applications are described as a raw material in catalytic supports, zeolites, etc. They are also used in wastewater treatment, a shotcrete setting accelerator.
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Global Liquid Sodium Aluminate Market Overview
Growing government initiatives related to water and wastewater treatment is one of the major factors contributing to the growth of the liquid sodium aluminate market around the world. With growing instances of water-borne diseases and environmental concerns, Government regulatory bodies worldwide have formulated stringent frameworks to avoid any health damage. Liquid sodium aluminate is primarily used to remove phosphorous from industrial wastewater as well as municipal water. The rapid growth of the construction industry across the globe is another significant factor driving the growth of the overall liquid sodium aluminate market in given the analysis period.
Think of liquid sodium aluminate like a helping hand in construction, especially when frost is nipping at your nose – it makes concrete set faster! And with more and more people needing it to help with cement and water treatment, the market is expected to keep growing. Plus, new tech and cheaper raw materials are opening up some pretty sweet opportunities for the market worldwide. But, heads up! Sodium aluminate isn't all sunshine and rainbows. It can be nasty stuff for your health, which is definitely holding the market back a bit. It's a hazardous chemical and can seriously mess you up if you're not careful.
Global Liquid Sodium Aluminate Market Segmentation Analysis
The Global Liquid Sodium Aluminate Market is segmented on the basis of Product, Application, and Geography.
Liquid Sodium Aluminate Market, By Product
38% Solution
43% Solution
45% Solution
When we look at different types of products, the market seems to split into three main kinds38% Solution, 43% Solution, and 45% Solution. Right now, the 38% Solution is leading the pack, grabbing the biggest slice of the market. What's exciting is that it's expected to grow the fastest, with an impressive annual growth rate (CAGR) of 6.53% over the next few years. The 43% Solution comes in second place as the next biggest piece of the market, and it's also expected to see some impressive growth. You'll find the 38% Sodium aluminate solution being used all over the place, from cleaning up wastewater to making paper, creating pigments, and even producing catalysts. It's also handy for removing unwanted stuff like suspended particles and phosphorous, coating titanium dioxide pigments, and even plays a role in the pharmaceutical industry. Just a heads up, thoughindustries need to be a little careful with this stuff because it can react with materials like aluminum, copper, brass, chromium, and electroplated items. So, handle with care!
Liquid Sodium Aluminate Market, By Application
Water Treatment
Paper Industry
Oil & chemicals
Construction
Other
Looking at how it's used, the sodium aluminate market splits into things like Water Treatment, the Paper Industry, Oil & chemicals, Construction, and "Other" uses. Water Treatment currently leads the pack, and we expect it to keep growing fast, with a CAGR of around 7.04% going forward. The Paper Industry is the next biggest user, and we think it'll grow too in the years ahead. What's really driving all this? Well, the growing population has a big impact. More people and more cities mean a whole lot more wastewater. Luckily, we can recycle a lot of it! Water treatment technology can turn that wastewater back into something usable, which is why we're seeing such a high demand for sodium aluminate over the next few years.
Liquid Sodium Aluminate Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
Let's break down the Liquid Sodium Aluminates Market! When we look at it region by region— North America, Europe, Asia Pacific, and everywhere else—Asia Pacific really shines. They snagged the biggest piece of the pie and are expected to keep booming with a whopping 7.26% growth rate. Europe's in second place, but Asia Pacific is truly making waves, especially in cleaning up water. Think of China, India, and Vietnam making huge efforts to purify their rivers and slash wastewater discharge. Plus, with populations growing so fast, the need for water treatment is skyrocketing, and that's really fueling the demand for liquid sodium aluminate!
Key players
The major players in the market areAlumina Ltd., Lier Chemical, Holland Company, Geo Specialty Chemicals, IQE, and Others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Lier Chemical Co., Ltd. acquired Hunan Bide Biotechnology Co., Ltd
IQE announces the acquisition of third-party shareholdings in its CSDC joint venture in Singapore taking its ownership to 100%.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
The major players in the market are Alumina Ltd., Lier Chemical, Holland Company, Geo Specialty Chemicals, IQE, and Others.
SEGMENTS COVERED
The Global Liquid Sodium Aluminate Market is segmented on the basis of Product, Application, and geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
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