Monoaluminum Phosphate Market: Introduction
Monoaluminum phosphate is classified as the primary building block and a key ingredient in the synthesis of refractory materials. In the commercial market, monoaluminum phosphate is highly recommended as a binding and curing material in the processing of high-temperature refractory materials. These monoaluminum phosphate-based refractory materials are adopted in different end-use industries such as glass, ceramic and steel, to name a few. Moreover, monoaluminum phosphate is adopted for the formulation of metal coating material.
Monoaluminum phosphate is colourless & odourless in nature as well as highly soluble in water & solvent at normal room temperature. On an industrial scale, monoaluminum phosphate is synthesised through the acid-base neutralisation process between phosphoric acid and high-purity aluminium hydroxide. Monoaluminum phosphate is commercially available in two forms: powder form and liquid form. These forms of monoaluminum phosphate can be derived by changing the molar ratio of the reactants used during the acid-base neutralisation process. The preparation of powder form monoaluminum phosphate requires excessive moles of phosphoric acid during the synthesis process. Monoaluminum phosphate manufactures change the process parameters to tailor make monoaluminum phosphate according to the needs of end users, i.e., steel manufacturers and glass manufacturers, to name a few. At a commercial level, monoaluminum phosphate manufacturers provide their products in different SKUs, i.e., in packs of different sizes, to cater to the demands of small and large end users.
Monoaluminum Phosphate Market: Market Dynamics
Monoaluminum phosphate is gaining potential as a key material for binding & curing applications in refractory applications, which are used in numerous industries such as steel, cement and glass, to name a few. Increase in the production of glass, ceramic and steel is expected to create substantial demand for monoaluminum phosphate across the globe.
There has been significant growth in the infrastructure as well as commercial & residential construction sectors in high-growth regions such as China, India and other ASEAN countries in the recent past, primarily due to rapid growth in population, which has resulted in rapid growth in the demand for steel, cement, glass and nonferrous metals. These factors are also creating potential demand for monoaluminum phosphate. The steel industry alone has been consuming almost more than 50% of the total refractory volume consumption across the globe, and this is expected to steadily drive the demand for the monoaluminum phosphate-based refractory materials used by these industries as a result of increased manufacturing requirements and capacity expansions. However, refractory businesses in several regions are suffering financial setbacks, which is likely to restrain the growth of the monoaluminum phosphate market.
Monoaluminum Phosphate Market: Region Wise Trends
China is expected continue to dominate the global monoaluminum phosphate market. The rapid development of infrastructure and major industrial activities in the mining, metallurgy, glass, steel and cement sectors in the country is expected to fuel the demand for manufacturing plants that require better quality refractory materials, thereby promoting the growth of the monoaluminum phosphate market. Increase in construction activity in commercial as well as residential sectors in ASEAN and India is expected to drive the demand for monoaluminum phosphate for cement production. Furthermore, increase in the spending on infrastructure, especially in mega projects such as the redevelopment of Tokyo and Olympics in 2020, has led to the high demand for steel and excessive demand for monoaluminum phosphate. In addition to the demand generated on account of mega projects, the introduction of economic stimulus packages by the government is also likely to boost the demand for steel, which is estimated to boost the monoaluminum phosphate market in developed regions such as North America & Europe.
Examples of some of the market participants in the global monoaluminum phosphate market identified across the value chain include:
- Shijiazhuang Xinsheng Chemical
- Taki Chemical
- Hens company
- Hubei Hanye Chemical
- Xuzhou Hengxing Chemical
- Sulux Phosphates Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaustive analysis on:
- Monoaluminum Phosphate Market Segments
- Monoaluminum Phosphate Market Dynamics
- Monoaluminum Phosphate Market Size
- Monoaluminum Phosphate Market Supply & Demand
- Current Trends/Issues/Challenges pertaining to Monoaluminum Phosphate Market
- Competition & Companies involved in Monoaluminum Phosphate Market
- Technology related to Monoaluminum Phosphate Market
- Value Chain associated to Monoaluminum Phosphate Market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- SEAP ( India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The monoaluminum phosphate market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with monoaluminum phosphate market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Monoaluminum Phosphate market segments and geographies.
Monoaluminum Phosphate Market: Segmentation
On the basis of form, the monoaluminum phosphate market can be segmented as:
- Powder Monoaluminum Phosphate
- Liquid Monoaluminum Phosphate
On the basis of application, the monoaluminum phosphate market can be segmented as:
- Binder Agent
- Curing agent
- Coating formulation
On the basis of end use, the monoaluminum phosphate market can be segmented as:
- Non-ferrous Metal
- Detailed overview of parent market
- Changing Monoaluminum Phosphate market dynamics in the industry
- In-depth Monoaluminum Phosphate market segmentation
- Historical, current, and projected market size in terms of volume and value of Monoaluminum Phosphate
- Recent industry trends and developments in Monoaluminum Phosphate market
- Competitive landscape of Monoaluminum Phosphate Market
- Strategies of key players and products offered in Monoaluminum Phosphate
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Monoaluminum Phosphate market performance
- Must-have information for Monoaluminum Phosphate market players to sustain and enhance their market footprint
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