What is Aluminium Sulphate Market?
Aluminum Sulphate is a chemical compound with the formula Al2(SO4)3. It is soluble in water and is mainly used as a flocculating agent in the purification of drinking water and wastewater treatment plants, and also in paper manufacturing. The India Aluminum Sulphate market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising production of pulp & paper across India and increasing demand from the water & wastewater treatment sector are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Common Grade and Iron Free Grade), by Application (Water & Wastewater Treatment, Pulp & Paper, Pepper Plants, Food Sector, Medical & Healthcare and Others) and major geographies with country level break-up.
Alpha Chemika (India), AMBICA INDUSTRIES (India), Amrut Enterprises (India), Angel International (India), Ankitraj Expo Trade Pvt Ltd (India), Aqua Chemicals (India), Blend Industries (India), BN Industries (India), Dalton Mines and Minerals (P) Ltd. (India), Ferry Chem Global (India), Innova Corporate (India), Mahaveer Surfactants Private Limited (India), Orchid Enterprise (India), P J CHEMICALS (India), Pursuit Industries Pvt. Ltd. (India), Sheetal Chemicals (India), SHRADHA CHEMICALS PRIVATE LIMITED (India), SUKHA CHEMICAL INDUSTRIES (India), Sree Rayalaseema Hi-Strength Hypo Ltd. (India), Synergy Earth Resources Pvt Ltd. (India), Thakkar Inorganics Pvt. Ltd. (India), Ultra Chemical Works (India) and Vizag Chemical (India) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the market. The recent crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries had been shut down for a long period of time during FY 2020.
Analyst at AMA have segmented the market study of Global Aluminium Sulphate market by Type, Application and Region.
On the basis of geography, the market of Aluminium Sulphate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Pulp & Paper Production Across India is Propelling the Demand for Aluminum Sulphate
- Rising Number of Water & Wastewater Treatment Plants Across the Country
- Growing Adoption of Online Sales Channel
- Produces Lot of Gelatinous Sludge which is Difficult to Remove from the Water During the Treatment
- Water Treatment & Paper Exports are Expected to Generate Huge Opportunities for market Vendors During the Forecast Period
- Fluctuating Raw Material Prices such as Price of Bauxite & Sulphur
Stringent Government Regulations Regarding Shutting-Down of Different Industry's Operations Due to COVID-19 Pandemic has Impacted the Market in the FY 2020
Analyst CommentProduction of Aluminum Sulphate in India starts from bauxite. Bauxite is majorly supplied from Jamnagar (Gujarat) which contains high percentage of Alumina and low Iron content continues to be the best source for the manufacture of this heavy chemical. India has an installed capacity for Alum of around 270,000 tons per annum. Also, the Alum is imported from different countries such as Japan, Singapore, UK, and USA. The current import level in India is around 50 tons per annum. Present Export level in India is 10000 tons per annum. The current average price is USD 137 per ton for non-ferric alum. Also, the estimated demand of Aluminum sulphate in the country is around 280,000 tons per annum. The estimated growth rate in the demand for Aluminum Sulphate is 6-7% per annum. Moreover, the rising paper exports from the country is one of the major factors aiding into the growth for the market. For instance, the total paper exports from India in 2016, 2017, and 2018 was around 656000, 660000, and 978000 tonnes respectively.
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