LONDON--(BUSINESS WIRE)--The global aluminum sulfate market is expected to post a CAGR of almost 3% during the period 2019-2023 according to the latest market research report by Technavio. Request a free sample report
End-users across agriculture, power, energy, and chemical processing industries are increasing the use of water. In addition, factors such as global warming and changing climatic conditions have limited the availability of water resources. The growing scarcity of safe and usable water has created a strong demand for water treating chemicals such as aluminum sulfate. With growing investments in water and wastewater treatment projects, the demand for aluminum sulfate will increase during the forecast period.
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As per Technavio, the increase in demand from niche applications will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Aluminum Sulfate Market: Increase in Demand from Niche Applications
Algae thrives on dissolved phosphorus in water bodies such as lakes. The application of aluminum sulfate cleans the water surface by settling phosphorous and other unwanted elements at the bottom of the water body. Aluminum sulfate is also used in the poultry industry to reduce ammonia volatilization, thereby improving the health of livestock. The growing demand for aluminum sulfate from niche applications is expected to boost market growth during the forecast period.
“Strict regulations on the reuse of wastewater will boost market growth during the forecast period”, says a senior analyst at Technavio.
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Global Aluminum Sulfate Market: Segmentation Analysis
This market report segments the global aluminum sulfate market by application (water treatment, pulp and paper, food and beverages, and others) and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the growing demand for paper-based packaging, including paperboard, containerboard, and shipping sacks for food and non-food items in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic Segmentation
- Geographic comparison
- Key leading countries
- Market opportunity
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
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