Global Aluminum Ammonium Sulfate Market Size By Form (Powder, Granules, Liquid), 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
Global Aluminum Ammonium Sulfate Market Size By Form (Powder, Granules, Liquid), By Geographic Scope And Forecast
Aluminum Ammonium Sulfate Market Size And Forecast
Aluminum Ammonium Sulfate Market size was valued at USD 501.63 Billion in 2024 and is projected to reach USD 673.43 Billion by 2031, growing at a CAGR of 3.75% during the forecast period 2024-2031.
Huge demand for aluminum ammonium sulfate for water treatment will drive market growth. Groundwater is the primary source of a wide range of applications across most places of the world. The Aluminum report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Aluminum Ammonium Sulfate?
Aluminum ammonium sulfate is a double sulfate, which is crystallized white and is generally used as a dodecahydrate. The formula of aluminum ammonium sulfate is (NH4) Al (SO4)2. It is a rare mineral and is normally used in small amounts in niche applications. The formulation of aluminum ammonium sulfate consists of aluminum hydroxide, sulfuric acid, and ammonium sulfate. It is generally used in the production of powder grinding and to pressurize synthetic gems. It works as a form of a solid solution with potassium alum. It is a very cheap and effective chemical and is a common particle found in animal-repellent sprays.
Aluminum ammonium sulfate can be completely dissolved in water but cannot be dissolved in alcohol or acetone. Also, if it is exposed to moist air, it tends to form a crust over it. Also, when it comes to reacting with any of the alkaline substances, it generally forms an ammonia gas. It can also act as a fertilizer that can also be used as explosives, which can easily be made in homes and by amateurs also.
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Global Aluminum Ammonium Sulfate Market Overview
Huge demand for aluminum ammonium sulfate for water treatment will drive market growth. Groundwater is the primary source of a wide range of applications across most places of the world. It is used for drinking, industrial uses, and irrigation purposes. The quality of the groundwater has deteriorated owing to geogenic and human activities. As per World Water Quality Alliance (WWQA), arsenic and fluoride are the two most well-known geogenic pollutants among iron, chromium, manganese, and radionuclides. These groundwater contaminants can cause major health concerns if they are present in higher amounts.
Fluoride is primarily consumed by people through drinking water and consuming food. As per the WHO, fluoride concentration in drinking water should be 1.5 mg/L. However, due to higher water consumption in some warmer climate countries, fluoride concentration is recommended to be 1.0 mg/L. Aquifers with high fluoride concentrations in groundwater have been discovered in various regions around the globe. As per the Groundwater Project, about 220 million people are expected to rely on groundwater with concentrations above the WHO guideline value and their equivalent national norms for their potable water supply.
Parts of India, China, West Africa (Ivory Coast, Ghana, Senegal), South Africa, North Africa (Morocco, Algeria, Sudan, Libya, West Sahara, Tunisia), the East African Rift Valley, Yemen, Brazil, Mexico, and central Argentina are all affected. In India alone, endemic fluorosis is a concern in 17 of the country’s 28 states, with an estimated 67 million people exposed to fluoride amounts over the WHO guideline limit in their drinking water. Fluoride concentrations in untreated groundwater in the western United States were usually higher than in the east, according to the United States Geological Survey. Furthermore, the availability of substitutes and the side effects of aluminum ammonium sulfate, are certain factors that are hindering market growth.
Global Aluminum Ammonium Sulfate Market Segmentation Analysis
The Global Aluminum Ammonium Sulfate Market is segmented on the basis of Form and Geography.
By Form
Powder
Granules
Liquid
Based on Form, the market is bifurcated into Powder, Granules, and Liquid. Powder accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 3.08% during the forecast period. Granules was the second-largest market in 2020 and is projected to grow at a growing CAGR.
By Geography
North America
Europe
Asia Pacific
Rest of the world
To Get Summarized Market Report By Geography-
On the basis of Regional Analysis, the Global Aluminum Ammonium Sulfate Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific accounted for the largest market share in 2020, with a market value of USD 31,701.36 Thousand, and is projected to grow at a CAGR of 3.29% during the forecast period. North America was the second-largest market in 2020, valued at USD 18,746.65 Thousand in 2020; it is projected to grow at the highest CAGR of 2.88%.
Key Players
The “Global Aluminum Ammonium Sulfate Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are BASF SE, VWR International LLC, Domo Chemicals, Martin Midstream, GFS Chemicals, Honeywell, Sigma-Aldrich Corporation, General Chemicals, and Others.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
In May 2021BASF SE partnered with LanzaTech for utilizing industrial off-gases for chemical production by transforming the carbon contained in industrial off-gases into valuable chemicals.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Aluminum Ammonium Sulfate Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Aluminum Ammonium Sulfate Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
BASF SE, VWR International LLC, Domo Chemicals, Martin Midstream, GFS Chemicals, Honeywell, Sigma-Aldrich Corporation, General Chemicals, and Others.
SEGMENTS COVERED
By Form
By Geography
CUSTOMIZATION SCOPE
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