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The aluminium chloride price in United States reached 628 USD/MT during December 2023. In the fourth quarter of 2023, the price of aluminium chloride in China reached 329 USD/MT. In Germany, aluminium chloride prices for Q4 2023 reached 439 USD/MT.
By 2032, IMARC Group expects the market to reach 2.11 Million Tons, at a projected CAGR of 5.10% during 2023-2032. The primary factor driving the global aluminium chloride market is the increasing product demand in the pharmaceutical sector where it acts as a catalyst in the synthesis of pharmaceuticals and active pharmaceutical ingredients (APIs).
IMARC’s newly published report, titled “ Aluminium Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of aluminium chloride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
Aluminium chloride (AlCl₃) is a chemical compound comprised of aluminium and chlorine atoms which is considered an important industrial chemical. It is widely used for the production of aluminium metals and in petrochemicals, specifically in processes like isomerization, which is essential for producing high-octane gasoline.
The aluminium chloride pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
Additionally, farmers and agricultural companies are working towards enhancing soil quality and crop yield which in turn is stimulating the market. The increasing emphasis on environmental regulations and sustainability initiatives are further resulting in a higher demand for aluminium chloride.
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Live ChatCAS No.: 12125-02-9 Formula: 12125-02-9 EINECS: 235-186-4 Certification: ISO Purity: 99.5%Min Type: Aluminum Chloride
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