The Brainy Insights announced that the global aluminium sulphate market is predicted to reach USD 1.24 billion by 2030, at a CAGR of 2.61% for the period from 2022 to 2030.
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Aluminium Sulphate Market According to market reports published by Brainy Insights Pvt. Ltd., the global aluminium sulphate market accounted for USD 1.01 billion in 2022 and is projected to reach USD 1.24 billion by 2030, increasing at a CAGR of 2.61% during the forecast period 2022-2030. Factors such as rising water decontamination demands, increased demand for aluminium sulphate in paper production, and the rising demand for fertilizers is expected to drive the growth of the global aluminium sulphate market. Avinash D, Analyst at Brainy Insights Pvt. Ltd., said “The rising water decontamination demands and the increasing use of aluminium sulphate in the production of paper are the key drivers encouraging the growth of the global aluminium sulphate market. These factors are expected to create lucrative opportunities for the global aluminium sulphate market in the near future.” Elaborating further, the report indicates that the rising demand for fertilizers is also driving the growth of the global aluminium sulphate market. Aluminium sulphate is used in various agricultural activities such as scraping away the topsoil when preparing the land for crop planting, stabilizing soil pH, and improving soil consistency. It also prevents the growth of moss and algae. With the rising demand for fertilizers, the global aluminium sulphate market is expected to increase further in the coming years.
The global aluminium sulphate market accounted for USD 1.01 billion in 2022 and is projected to reach USD 1.24 billion by 2030, increasing at a CAGR of 2.61% due to the rising water decontamination demands, increased demand for aluminium sulphate in paper production, and the rising demand for fertilizers.
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