Sodium Aluminate Market Share, Size, Expected Growth Opportunities and Forecast by 2029 | Is Sodium Aluminate Industry Hit Worst due to Russia-Ukraine War Impact?
The growing demand for sodium aluminate in the water treatment and cement additives applications is expected to foster healthy growth of the market, states Fortune Business Insights, in a report, titled “Sodium Aluminate Market Size, Share & Industry Analysis, By Product Type (Solid Sodium Aluminate, Liquid Sodium Aluminate), (Paper Industry, Water Treatment, Cement Additives, Titanium Dioxide Industry, Others)and Regional Forecast, 2020-2027.” The ongoing water treatment projects are expected to spur opportunities for the market.
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Russia-Ukraine War Implication
The Russia-Ukraine war could change the Sodium Aluminate Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Sodium Aluminate Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.
The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement.
The sodium aluminate market report shares details on the following topics:
- What is the projected market estimation?
- What tactics are adopted by the companies to expand business?
- What are the key market trends, drivers, and restrictions?
- Which region holds the maximum share in the global market?
- Latest developments occurred in recent times?
Rapidly Growing Construction Industry to Propel Market
The growing requirement for sodium aluminate water treatment plants owing to its properties to improve performance and suitability can have a positive impact on the market. Moreover, it is also utilized as an adjunct to water softening systems and as a coagulant to remove dissolved silica, metals, suspended solids, and phosphate from water. The rapidly flourishing construction industry coupled with high demand for clean and pure water can fuel demand for SA in the forthcoming years. Furthermore, it is created from the dissolution of aluminum hydroxide (gibbsite) in sodium hydroxide. The sodium aluminate offers several benefits such as improved strength, durability, and reduction in foam and corrosion. Similarly, its high use as an intermediate in the production of adsorbents, catalysts, molecular sieves, and zeolites for detergents can further improve its prospects. Hence, bolstering the growth of the market. Besides, the increasing application of sodium aluminate in applications production of paper, cement additives, and titanium dioxide is expected to enable healthy growth of the market.
However, the hazardous health effects of sodium aluminate are expected to hamper its adoption in industries, thus restricting the market.
The Report Lists the Key Companies in the Sodium Aluminate Market:
- IQE Group
- Lier Chemical
- Marathwada Chemicals
- R. Grace & Co.-Conn
- Alfa Aesar Thermo Fisher Scientific
- REMONDIS SE & Co. KG
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Surging Titanium Dioxide Industry to Foster Growth in Asia Pacific
The market in Asia Pacific is expected to rise tremendously during the forecast period owing to the rapidly growing construction industry in the developing nations. The growing demand for sodium aluminate in the cement additives industry is expected to aid the expansion of the market in Asia Pacific. The market in North America is expected to expand radically during the forecast period owing to the rising demand for sodium aluminate in the water-treatment application. Europe is expected to witness rapid growth during the forecast period owing to the heavy demand for the titanium dioxide industry. The Middle East & Africa is expected to experience a steady growth rate owing to the improving economical conditions.
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