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Liquid Sodium Aluminate Market Size By Type (45% solution, 43% solution and 38% solution), By Application (Construction, Water Treatment, Oil & Chemical, Paper Industry and Others), Regions, Segmentation, and Projection till 2030

CAGR: 3.7%Current Market Size: USD 728.22 MillionFastest Growing Region: North America

Largest Market: APACProjection Time: 2023-2030Base Year: 2022

Global Liquid Sodium Aluminate Market- Market Overview:

The global liquid sodium aluminate market is expected to grow from USD 728.22 million in 2022 to USD 973.8 million by 2030, at a CAGR of 3.7% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the increasing demand from the construction sector.

Sodium aluminate is produced by dissolving aluminium hydroxide in sodium hydroxide and is available in both solid and liquid form. The products provide excellent reactive alumina in alkaline solutions, which is one of the main reasons why they are used in many industrial processes as raw materials. Liquid sodium aluminate is a transparent, odourless, water-soluble powder, capable of absorbing water up to eight times its weight in proportion to itself. As an additive in foods, such as bread, it can also be used as an additive for textile sizing and paper making where a high amount of moisture is required. Globally, the liquid sodium aluminate market is growing as a result of growing government initiatives related to water and wastewater treatment. Water-borne diseases and environmental concerns have led governments around the world to formulate stricter frameworks for preventing any health consequences, which is one of the key factors behind the growth of the market. Industrial wastewater and municipal water are primarily treated with liquid sodium aluminate to remove phosphorus. Another significant factor driving the growth of the liquid sodium aluminate market over the analysis period is the rapid growth of the construction industry across the globe. Increasing applications of sodium aluminate in pulp and paper processing and the use of sodium aluminate as a flocculant agent are likely to drive growth over the next few years.

Sample Request: - Global Liquid Sodium Aluminate Market

Market Dynamics:

Drivers:                          

  • Stringent government regulations

One of the major factors contributing to the growth of the liquid sodium aluminate market worldwide is the growing government initiatives related to water and wastewater treatment. Government regulatory bodies worldwide have formulated stringent frameworks to prevent health damage caused by water-borne illnesses and environmental concerns.

Restraints:                                             

  • Health hazards associated with liquid sodium aluminate

The liquid sodium aluminate market is witnessing immense growth in various applications, but there are some factors which are affecting the growth of the market, such as health hazards associated with the liquid sodium aluminate. It is very necessary to handle liquid sodium aluminate properly because it can damage the skin, permanently damage the eyes, irritate the nose if inhaled etc. All these factors are hampering the market growth.

Opportunities:

  • Rising environmental safety concerns

In the long run, awareness of environmental conservation among end users will be a key driver of market growth. The importance of a clean environment with reduced resource consumption is given the highest priority by increasing the use of Liquid Sodium Aluminate in production processes to reduce costs while improving overall efficiency.

Challenges:

  • Improper handling

Improper handling and lack of understanding about the use of liquid sodium aluminate are creating many challenges for the market, impacting the market growth. Moreover, consumers are shifting towards other alternatives, which are also playing a major role in the market’s growth hindrance.

Segmentation Analysis:

The global liquid sodium aluminate market has been segmented based on type, application, and region.

By Type

The type segment includes 45% solution, 43% solution and 38% solution. The 38% solution segment led the largest share of the liquid sodium aluminate market with a market share of around 41% in 2022. 38% solution sodium aluminate is an industrial chemical used for water treatment and paper production. It plays a major role in producing high-concentration products such as pulp, paperboard, gypsum board, cement boards & panels. Besides these, 38% sodium aluminate solution must also be handled with caution in industries due to its ability to degrade aluminium, copper, brass, chromium, and electroplated metal.

By Application

The application segment is construction, water treatment, oil & chemical, paper industry and others. The water treatment segment led the largest share of the liquid sodium aluminate market with a market share of around 28% in 2022. It is an ionic compound with excellent solubility properties that help prevent corrosion and scaling on metal surfaces, resulting in increased efficiency due to reduced energy consumption and higher-quality water. Due to the increase in population and urbanization, water treatment technologies can convert as much of this wastewater into usable form as possible, driving the market for sodium aluminate for the Projectioned period because they can convert the maximum amount into a usable form.

Global Liquid Sodium Aluminate Market- Sales Analysis.

The sale of liquid sodium aluminate expanded at a CAGR of 3.2% from 2016 to 2022.

One of the key factors driving the expansion of the liquid sodium aluminate market globally is the increase in government activities pertaining to water and wastewater treatment. Government regulatory organisations have created strict frameworks to prevent health harm due to rising water-borne diseases and environmental issues. The main purpose of liquid sodium aluminate is to eliminate phosphorus from both municipal and industrial effluent. Another important element boosting the expansion of the global market for liquid sodium aluminate during the analysis period is the construction industry's explosive rise on a global scale.

Liquid sodium aluminate is used in the construction sector to hasten the solidification of concrete, particularly when working in cold weather. The market is anticipated to expand due to the rising demand for liquid sodium aluminate as a water treatment and cement aid. Furthermore, the global market for liquid sodium aluminate is seeing profitable potential due to technological advancement and falling raw material costs. However, one of the major issues hindering the market growth is the harmful impact of sodium aluminate on human health. The hazardous chemical sodium aluminate has the potential to harm human health seriously.

Thus, owing to the aforementioned factors, the global liquid sodium aluminate market is expected to grow at a CAGR of 3.7% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the liquid sodium aluminate market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the liquid sodium aluminate market and held a 38% share of the market revenue in 2022.

  • Asia Pacific region witnessed a major share. The Asia Pacific region is dominating the liquid sodium aluminate market due to the rising construction activities in the region. Moreover, rising awareness about the proper disposal of wastewater generated from various end-user industries accounts for a major share in the market's growth. Furthermore, ongoing research and development by major key players will boost the market growth in the region during the Projection period and in future.
  • North America is anticipated to experience significant growth during the predicted period. Wastewater treatment activities will boost the market growth in the region. Rapid industrialization will lead to wastewater generation in huge amounts that need to be treated properly before discharging into the open environment. The regional market will grow immensely during the furcates period.

Global Liquid Sodium Aluminate Market - Country Analysis:

  • Germany

Germany's liquid sodium aluminate market size was valued at USD 56.42 million in 2021 and is expected to reach USD 76.03 million by 2029, at a CAGR of 3.8% from 2023 to 2030.

Rising demand from the titanium dioxide industry is boosting the growth of the market in the country. Moreover, wastewater treatment activities account for a major share of the market growth.

  • China

China’s liquid sodium aluminate market size was valued at USD 71.9 million in 2021 and is expected to reach USD 98.4 million by 2029, at a CAGR of 4% from 2023 to 2030.

 Over the Projection period, the market's growth in the country is expected to be driven by a large number of manufacturers as well as increasing demand from end-user industries such as paper, water treatment, and cement additives.

  • India

India's liquid sodium aluminate market size was valued at USD 55.34 million in 2021 and is expected to reach USD 75.15 million by 2029, at a CAGR of 3.9% from 2023 to 2030.

As a result of population growth, water treatment capacities will also require exponential increases over the Projection period, thereby increasing the demand for liquid sodium aluminate in the country.

Key Industry Players Analysis:  

To increase their market position in the global liquid sodium aluminate market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

  • Dequachim
  • Nordisk Aluminat
  • IQE
  • Coogee
  • GAC Chemical
  • Alumina
  • R. Grace
  • Lier Chemical
  • Zibo Tongjie Chemical
  • Holland Company
  • Geo Specialty Chemicals
  • USALCO

Latest Development:

  • In October 2020, Hunan Bide Biotechnology Co., Ltd. was purchased by Lier Chemical Co., Ltd.
  • In June 2021, In order to reach 100% ownership of its Singapore joint venture, CSDC, IQE announced the purchase of additional shareholdings from third parties.

Report Metrics

Report Attribute 

Details

Study Period

2022-2030

Base year

2022

CAGR (%)

3.7%

Market Size

728.22 million in 2022

Projection period

2023-2030

Projection unit

Value (USD)

Segments covered

By Type, By Application, and By Region.

Report Scope

Revenue Projection, competitive landscape, company ranking, growth factors, and trends

Companies covered

Dequachim, Nordisk Aluminat, IQE, Coogee, GAC Chemical, Alumina, W.R. Grace, Lier Chemical, Zibo Tongjie Chemical, Holland Company, Geo Specialty Chemicals, and USALCO.

By Type

  • 45% solution
  • 43% solution
  • 38% solution             

By Application

  • Construction
  • Water Treatment
  • Oil & Chemical
  • Paper Industry
  • Others            

Regional scope

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Scope of the Report

Global  Liquid Sodium Aluminate Market By Type:

  • 45% solution
  • 43% solution
  • 38% solution      

Global  Liquid Sodium Aluminate Market By Application:

  • Construction
  • Water Treatment
  • Oil & Chemical
  • Paper Industry
  • Others

Global  Liquid Sodium Aluminate Market By Region:

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
  • Asia-Pacific
    • Japan
    • China
    • India
    • Korea
    • Southeast Asia
  • South America
    • Brazil
    • Peru
  • Middle East and Africa
    • UAE
    • South Africa
    • Saudi Arabia

Frequently Asked Questions

What will be the expected market size of the Liquid Sodium Aluminate market in 2030?

Global Liquid Sodium Aluminate market is expected to reach USD 973.8 million by 2030.

What is the CAGR of the Liquid Sodium Aluminate market?

The Liquid Sodium Aluminate market is projected to have a CAGR of 3.7%.

Which are the leading market players active in the Liquid Sodium Aluminate market?

Leading market players active in the global Liquid Sodium Aluminate market are Dequachim, Nordisk Aluminat, IQE, Coogee, GAC Chemical, Alumina, W.R. Grace, Lier Chemical, Zibo Tongjie Chemical, Holland Company, Geo Specialty Chemicals, and USALCO.among other

What is the global Liquid Sodium Aluminate market breakup based on the application?

Based on the application, the global Liquid Sodium Aluminate market has been segmented into Construction, Water Treatment, Oil & Chemical, Paper Industry and Others.