Aluminum Sulfide Market: Global Opportunity Analysis and Industry Forecast, 2022-2029

Aluminum Sulfide Market Analysis 2020-2027:

Aluminum sulfide is a chemical compound with an interesting structural chemistry that exists in several forms such as alpha, beta, and gamma phases. The material hydrolyzes to hydrated aluminum oxides and decomposes on solubility with water. Aluminum sulfide is colorless and is manufactured by the ignition of aluminum and sulfur. Aluminum sulfide is generally used to make hydrogen sulfide, a material that is largely used in the chemical industry. It is a high chemical compound, and owing to its wide application, it is anticipated to witness significant growth of the aluminum sulfide market during the forecast timeframe.

COVID-19 scenario analysis:

• The decline in the growth of the oil & gas and commercial industrial is expected to hamper the market growth.
• Slow demand in the paper & pulp industry, which is the significant consumer of aluminum sulfide, is expected to cause a temporary downfall in the market.
• Additionally, insufficiency in raw material supply is expected to further affect the production rate of aluminum sulfide; thus affecting the aluminum sulfide supply chain management.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Increase in demand for high-quality chemicals in the paper & pulp industry as well as the water treatment process is the major key driving factor for the aluminum sulfide market. The major use of aluminum sulfide is in the oil & gas industry, power generation, and food processing. Therefore, the growth of the aluminum sulfide market is anticipated to increase during the forecast timeframe, owing to the high demand for aluminum sulfide in these industries. Additionally, aluminum sulfide is a non-toxic chemical that can be used in the manufacturing process of industries. However, volatility in the price of aluminum and currency fluctuations may hamper the growth of the market.

The aluminum sulfide market trends are as follows:        

Surge in usage in commercial and industrial applications

Manufacturers have focused to produce new products for specific applications as there are varying demands based on utilization. Aluminum sulfide is generally used as a coagulating agent in pulp & paper and water treatment.  It also possesses food additive properties. Furthermore, the other main application of aluminum sulfide is in the making of solid-state batteries and cathode production.

Key benefits of the report:

• This study presents the analytical depiction of the aluminum sulfide market along with the current trends and market estimation to determine the imminent investment pockets.
• The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the aluminum sulfide market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the aluminum sulfide market growth scenario.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
• This report helps users in comprehending the key product segments and their future.

Questions answered in the aluminum sulfide market research report:

• Which are the leading market players active in the market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Key Market Segments

 
Key Market Players

• BASF
• Buckman Laboratories
• Arkema SA
• AkzoNobel
• AMERICAN ELEMENTS
• Materion Corp.
• Otto Chemie Pvt Ltd
• Alfa Aesar
• Sigma-Aldrich
• ABSCO Limited