Transparency Market Research’s latest report on polyaluminum chloride market gives intricate details about the overall working dynamics of the market. According to the research report, the polyaluminum chloride market is expected to exhibit a CAGR of 5% during the forecast period. With this growth rate, the global market will reach US$1,080 mn by the end of 2026.
Expanding Production Capacities is Key Growth Strategy for Leading Market Players
The vendor landscape of the global polyaluminum chloride market is consolidated. The leading players in the market are concentrating on bolstering their production facilities. This is due because better manufacturing rate directly reflects in the overall development of the polyaluminum chloride market. One such example is the expansion of Geo Specialty Chemicals Inc.’s manufacturing facility in May 2018. The company opened this new facility in Hythe, the UK. The capacity of the key players to streamline manufacturing will decide their position in the global market. In addition to this, the leading companies in the market are adopting aggressive marketing strategies such as mergers, acquisitions, and joint ventures to stay ahead of their rivals.
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