DataString Consulting Company Logo
DataString Consulting Company Logo
Aluminum Zirconium Tetrachlorohydrex Powder Market
Home»Recent Reports»Aluminum Zirconium Tetrachlorohydrex Powder Market

Aluminum Zirconium Tetrachlorohydrex Powder Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1309088, Published - March 2025

Segmented in Production Process (Solvothermal Method, Precipitation Method, Hydrothermal Method), Application (Antiperspirants, Medications, Fabrics, Coatings, Others), Form, Packaging, End-Use Industry and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

Share this report:

Global Aluminum Zirconium Tetrachlorohydrex Powder
Market Outlook

The market, for Aluminum zirconium tetrachlorohydrex powder was estimated at $470.0 million in 2024; and it is anticipated to increase to $713.3 million by 2030 with projections indicating a growth to around $1.0 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 7.2% over the forecast period. The significant rise in the Aluminum zirconium powder market is fueled by its wide ranging use in various industries that are thriving with activity today. The popularity of this powder can be credited to factors like the increasing need for antiperspirants the emergence of advanced technologies and a focus on personal cleanliness. Besides its role in personal care products this powder has seen a notable increase, in adoption and spread worldwide.


The Aluminum zirconium tetrachlorohydrex powder is a complex inorganic compound with remarkable characteristics that make it a highly sought-after element for influential industries. Predominantly used in antiperspirants due to its potent anti-sweat properties, this powder has become a significant component in the personal care sector. Recently, the trend of demanding more efficient, non-irritating, and long-lasting body care products has escalated, acting as a catalyst in driving the demand for this key component.


Market Size Forecast & Key Insights

2019
$470M2024
2029
$941M2034

Absolute Growth Opportunity = $472M

The Aluminum Zirconium Tetrachlorohydrex Powder market is projected to grow from $470.0 million in 2024 to $941 million in 2034. This represents a CAGR of 7.2%, reflecting rising demand across Cosmetic Industry, Pharmaceutical and Industrial Processes.

The Aluminum Zirconium Tetrachlorohydrex Powder market is set to add $472 million between 2024 and 2034, with manufacturer targeting Medications & Fabrics Application projected to gain a larger market share.

With Growing demand in cosmetic industry, and Advancements in pharmaceutical applications, Aluminum Zirconium Tetrachlorohydrex Powder market to expand 100% between 2024 and 2034.

Opportunities in the Aluminum Zirconium Tetrachlorohydrex Powder Market

Strategic Collaborations in Asia-Pacific

The Asia Pacific area shows potential for an increased need, for aluminum zirconium tetrachlorohydrex powder since its industrial sectors are quickly expanding.

Embracing the Cosmetics Industry and Technological Prowess in Water Treatment

The beauty sector holds potential for aluminum zirconium tetrachlorohydrex powder as a key ingredient in antiperspirants due, to its safe nature and sweat prevention qualities. Firms can capitalize on this ingredient to fulfill changing consumer demands. Stand out in the market.

Aluminum zirconium tetrachlorohydrex powder shows promise for advancing water treatment technology with its blend of characteristics such as stability and reactivity that make it good, at purifying water and keeping it safe to use. This advancement presents a technological progress that could boost development in the industry.

Growth Opportunities in North America and Europe

Europe Outlook

Europe, another significant market for aluminum zirconium tetrachlorohydrex powder, showcases a diverse market with opportunities stemming from various sectors. The region has a strong presence of premium beauty and personal care brands that are constantly on the lookout for novel ingredients, such as aluminum zirconium tetrachlorohydrex powder, for their products that cater to the evolving consumer demands. This regional market is backed by robust production capabilities, strict regulatory norms ensuring product quality, and a comprehensive supply chain. With supportive policies and forward-thinking strategies, the European market provides fertile ground for the aluminum zirconium tetrachlorohydrex powder industry.

North America Outlook

North America plays a role in the global market for aluminum zirconium tetrachlorohydrex powder due to its strong industrial sector and the growing need for effective anti perspirants in the region. The competition is fierce with well established companies operating here. Innovation and technological progress drive this market forward as businesses invest in research and development to enhance the applications of aluminum zirconium powder and make it more efficient. Manufacturers are also meeting the rising consumer demand for personal care products, in this region.

North America Outlook

North America plays a role in the global market for aluminum zirconium tetrachlorohydrex powder due to its strong industrial sector and the growing need for effective anti perspirants in the region. The competition is fierce with well established companies operating here. Innovation and technological progress drive this market forward as businesses invest in research and development to enhance the applications of aluminum zirconium powder and make it more efficient. Manufacturers are also meeting the rising consumer demand for personal care products, in this region.

Europe Outlook

Europe, another significant market for aluminum zirconium tetrachlorohydrex powder, showcases a diverse market with opportunities stemming from various sectors. The region has a strong presence of premium beauty and personal care brands that are constantly on the lookout for novel ingredients, such as aluminum zirconium tetrachlorohydrex powder, for their products that cater to the evolving consumer demands. This regional market is backed by robust production capabilities, strict regulatory norms ensuring product quality, and a comprehensive supply chain. With supportive policies and forward-thinking strategies, the European market provides fertile ground for the aluminum zirconium tetrachlorohydrex powder industry.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, China, Germany, Japan, India are expected to grow at 4.7% to 6.9% CAGR

2

Emerging Markets : Brazil, South Africa, Thailand are expected to grow at 8.3% to 9.9% CAGR

Market Analysis Chart

The increasing popularity of aluminum zirconium powder can be attributed to its wide range of uses in the healthcare and beauty sectors. This adaptable substance is recognized for its ability to block sweat effectively. Is favored as an ingredient in deodorants and antiperspirants. With consumers placing emphasis on health and well being nowadays their preference for hygiene products is playing a crucial role in driving the market demand, for this compound.

Recent Developments and Technological Advancement

December 2024

AlcoA Corporation introduced a new aluminum zirconium powder made using clean energy sources. This move has boosted their position in the market. Aligns with the growing emphasis, on sustainable production practices.

September 2024

China Aluminum International Engineering Corporation Ltd announced large-scale investments in dominance of aluminum zirconium tetrachlorohydrex powder production capacities, signifying a strategic geographical shift in the industry.

July 2024

Norsk Hydro ASA introduced a series of ultra refined powder containing aluminum zirconium tetrachlorohydrex. This release signifies a stride, in improving both the purity and effectiveness of the powder.

Lately there has been progress in the market for aluminum zirconium tetrachlorohydrex powder due to its increasing use in personal care items, like antiperspirants and deodorants to effectively control sweat and odor levels.

Impact of Industry Transitions on the Aluminum Zirconium Tetrachlorohydrex Powder Market

As a core segment of the Specialty Chemicals industry, the Aluminum Zirconium Tetrachlorohydrex Powder market develops in line with broader industry shifts. Over recent years, transitions such as The Shift Towards Natural Products and Advancements in Nanotechnology have redefined priorities across the Specialty Chemicals sector, influencing how the Aluminum Zirconium Tetrachlorohydrex Powder market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

The Shift Towards Natural Products:

Lately the market has seen a shift towards natural and organic goods in various sectors like healthcare and beauty products due to growing consumer consciousness about harmful synthetic chemicals. To meet this demand and adapt to the trend of going natural in products, like antiperspirants and deodorants; many companies are now looking into using alternatives instead of aluminum zirconium tetrachlorohydrex powder. Due to this development in the industry of organic products has experienced a notable increase, in demand. Shaping the current trends and advancements related to aluminum zirconium tetrachlorohydrex powder.

2

Advancements in Nanotechnology:

A significant change, in the field is the emergence of nanotechnology which introduced insights into the processing and utilization of aluminum zirconium tetrachlorohydrex powder.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Specialty Chemicals industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Specialty Chemicals industry cascade into the Aluminum Zirconium Tetrachlorohydrex Powder market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Growing Demand in Cosmetic Industry, and Increasing Use in Specialty Coatings

The cosmeticindustrysever-evolving demand for efficient antiperspirants has also emerged as a primary market for the aluminum zirconium tetrachlorohydrex powder. This compound, known for its superior sweat-blocking properties, is also extensively used in formulating antiperspirants, allowing them to be more effective and durable. The continuous innovation in cosmetic products is also forecasted to boost the demand for this chemical compound.
The special characteristics of aluminum zirconium powder also involve its ability to withstand fluctuations in temperature and exposure to corrosive materials. Qualities that make it valuable for specialized coatings applications as well as, for enhancing the longevity and protection of appliances and vehicles of different kinds.
The health advantages of aluminum zirconium powder have also broadened its utilization in pharmaceuticals recently. Researchers and pharmacologists are also intrigued by its capability to prevent or eradicate harmful microorganisms for use as a vital component in skin creams and medical compounds. Enhancements, in drug development techniques are also expected to hasten this usage boosting the powders presence in pharmaceuticals.

Restraint: Regulatory Hurdles

Aluminum zirconium tetrachlorohydrex powder is mainly found in personal care items like antiperspirants. Is subject to strict regulations as a result of government policies that oversee chemical use in such products to address health concerns. These regulations may lead to production expenses which could hinder the market growth of this powder. Skin irritation and allergies issues along with connections, to serious health risks might discourage consumers and negatively affect the market trends.

Challenge: Supply Chain Complexities

Aluminum zirconium tetrachlorohydrex powder relies on a functioning supply chain for its sourcing and distribution processes to run smoothly just like any other specialized chemical does. However this supply chain can face disruptions due to global events such as trade conflicts or pandemics causing delays, in material acquisition or production timelines.

Supply Chain Landscape

Raw Material Supply

Rio Tinto

South32 Ltd

Chemical Processing & Production

BASF SE

Dow Chemical Company

Powder Manufacturing & Packaging
Sun Chemical / EcoShell Inc
End-User Industry
Personal Care / Pharmaceuticals / Textile Industry
Raw Material Supply

Rio Tinto

South32 Ltd

Chemical Processing & Production

BASF SE

Dow Chemical Company

Powder Manufacturing & Packaging

Sun Chemical

EcoShell Inc

End-User Industry

Personal Care

Pharmaceuticals

Textile Industry

Banner LogoBanner Logo

Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Antiperspirants
Personal Care and Cosmetics
Henkel AG & Co.
Development of innovative and highly functional products with aluminum zirconium tetrachlorohydrex powder for improved sweat control
Pharmaceuticals
Healthcare
Johnson & Johnson
Incorporation of the compound in topical medications for its antiperspirant properties
Industrial Catalysts
Chemical Industry
BASF SE
Leveraging its properties to assist in major chemical reactions in the industrial processes

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Aluminum Zirconium Tetrachlorohydrex Powder market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Aluminum Zirconium Tetrachlorohydrex Powder in Pharmaceutical, Cosmetic Industry and Industrial Processes

Pharmaceutical

This compound is used in the pharmaceutical industry for making kinds of topical medications with astringent properties that are beneficial for conditions, like Athletes foot. Additionally in this field aluminum zirconium powder has shown its effectiveness and safety to top pharmaceutical companies.

Cosmetic Industry

Aluminum zirconium tetrachlorohydrex powder is widely employed in the beauty sector to create antiperspirants that effectively control body odor. The compounds strong reactivity allows manufacturers to develop solutions for fighting odors that are well received by consumers and industry leaders. This ingredient is favored by players, in the cosmetic industry for its excellent performance and widespread consumer approval.

Industrial Processes

Aluminum zirconium tetrachlorohydrex powder is widely used in industrial settings because of its stability and reactivity in chemical processes such as catalysis and pigment production. Its versatility makes it a popular choice for industrial applications. Major players in the industry appreciate this material for its ability to serve multiple functions in complex processes highlighted by its prominent position in the market, within this sector.

Aluminum Zirconium Tetrachlorohydrex Powder
vs. Substitutes: Performance and Positioning Analysis

Aluminum zirconium tetrachlorohydrex powder boasts superior antiperspirant performance over alternatives such as aluminum chlorohydrate, providing advanced sweat protection. Its market positioning, given its efficiency, indicates potential for considerable growth in the personal care industry. These Alternatives specially Sodium Zirconium Cyclosilicate Powder has experienced a rapid growth as detailed in our latest report.

Aluminum Zirconium Tetrachlorohydrex Powder
  • Sodium Zirconium Cyclosilicate Powder /
  • Magnesium Hydroxide Powder
    Excellent antiperspirant properties, effective odor control capabilities
    Potential irritation to sensitive skin, relatively high cost compared to other antiperspirant ingredients
    Highly effective in sweat control, cost-effective
    May cause irritation, less efficient than aluminum zirconium tetrachlorohydrex powder in long-term usage

Aluminum Zirconium Tetrachlorohydrex Powder
vs. Substitutes: Performance and Positioning Analysis

Aluminum Zirconium Tetrachlorohydrex Powder

  • Excellent antiperspirant properties, effective odor control capabilities
  • Potential irritation to sensitive skin, relatively high cost compared to other antiperspirant ingredients

Sodium Zirconium Cyclosilicate Powder / Magnesium Hydroxide Powder / Zinc Ricinoleate Paste

  • Highly effective in sweat control, cost-effective
  • May cause irritation, less efficient than aluminum zirconium tetrachlorohydrex powder in long-term usage

Aluminum zirconium tetrachlorohydrex powder boasts superior antiperspirant performance over alternatives such as aluminum chlorohydrate, providing advanced sweat protection. Its market positioning, given its efficiency, indicates potential for considerable growth in the personal care industry. These Alternatives specially Sodium Zirconium Cyclosilicate Powder has experienced a rapid growth as detailed in our latest report.

Loading...

Research Methodology

This market research methodology defines the Aluminum Zirconium Tetrachlorohydrex Powder market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Specialty Chemicals ecosystem, we analyze Aluminum Zirconium Tetrachlorohydrex Powder across Antiperspirants, Medications, and Fabrics Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Sigma-Aldrich, Alfa Aesar, and FUJIFILM Wako Pure Chemical Corporation by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Supply, Chemical Processing & Production, and Powder Manufacturing & Packaging. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Specialty Chemicals revenues to estimate the Aluminum Zirconium Tetrachlorohydrex Powder segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Supply (Rio Tinto, South32 Ltd), Chemical Processing & Production (BASF SE, Dow Chemical Company), and Powder Manufacturing & Packaging. Our parallel substitute analysis examines Sodium Zirconium Cyclosilicate Powder, Magnesium Hydroxide Powder, and Zinc Ricinoleate Paste, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Sigma-Aldrich, Alfa Aesar, and FUJIFILM Wako Pure Chemical Corporation, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Aluminum Zirconium Tetrachlorohydrex Powder market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

rm

Aluminum Zirconium Tetrachlorohydrex Powder Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 503 million
Revenue Forecast in 2034USD 941 million
Growth RateCAGR of 7.2% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 2024470 million
Growth OpportunityUSD 472 million
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD million and Industry Statistics
Market Size 2024470 million USD
Market Size 2027579 million USD
Market Size 2029665 million USD
Market Size 2030713 million USD
Market Size 2034942 million USD
Market Size 20351.01 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduction Process, Application, Form, Packaging, End-Use Industry
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledSigma-Aldrich, Alfa Aesar, FUJIFILM Wako Pure Chemical Corporation, American Elements, Glentham Life Sciences, Thermo Fisher Scientific Inc, Suvidhinath Laboratories, Fisher Scientific, Spectrum Chemical Manufacturing Corp, TCI Chemicals, Merck KGaA and Haihang Industry Co. Ltd.
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

Explore Report Features and Data Packages

Industry Insight Report

$ 4200
Unlock Multi-User Access for just $999 more
i
No Payment Before Report Delivery
Flexible Payment Options
Additional Features
Customization Available
i
Excel Data Pack Included
Free Analyst Support
i
Industry Expert-Validated Insights
100% Confidentiality Guaranteed
Fast Delivery (24–72 hours)
i
Get Report Now

Strategic Growth Advisory

Unrivaled Custom Market Intelligence & Strategic Advisory for Business Growth and Competitive Excellence

  • Assess and prioritize high-value markets with precision
  • Craft tailored entry and expansion roadmaps
  • De-risk investments through rigorous market intelligence
  • Architect dynamic pricing frameworks aligned to value creation
  • Unlock sustainable margin enhancement opportunities
  • Benchmark performance against global industry leaders
  • Strategically realign portfolios to future growth drivers
  • Accelerate commercialization of breakthrough offerings
  • Harness market foresight and technology shifts to fuel innovation

Discover our Strategic Growth Advisory Services »

Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Aluminum Zirconium Tetrachlorohydrex Powder Market Size, Opportunities & Strategic Insights, by Production Process

4.1Solvothermal Method
4.2Precipitation Method
4.3Hydrothermal Method
Chapter 5

Aluminum Zirconium Tetrachlorohydrex Powder Market Size, Opportunities & Strategic Insights, by Application

5.1Antiperspirants
5.2Medications
5.3Fabrics
5.4Coatings
5.5Others
Chapter 6

Aluminum Zirconium Tetrachlorohydrex Powder Market Size, Opportunities & Strategic Insights, by Form

6.1
6.2Solution
Chapter 7

Aluminum Zirconium Tetrachlorohydrex Powder Market Size, Opportunities & Strategic Insights, by Packaging

7.1Bags
7.2Drums
7.3Boxes
Chapter 8

Aluminum Zirconium Tetrachlorohydrex Powder Market Size, Opportunities & Strategic Insights, by End-Use Industry

8.1Personal Care
8.2Pharmaceuticals
8.3Textiles
8.4Others
Chapter 9

Aluminum Zirconium Tetrachlorohydrex Powder Market, by Region

9.1North America Aluminum Zirconium Tetrachlorohydrex Powder Market Size, Opportunities, Key Trends & Strategic Insights
9.1.1U.S.
9.1.2Canada
9.2Europe Aluminum Zirconium Tetrachlorohydrex Powder Market Size, Opportunities, Key Trends & Strategic Insights
9.2.1Germany
9.2.2France
9.2.3UK
9.2.4Italy
9.2.5The Netherlands
9.2.6Rest of EU
9.3Asia Pacific Aluminum Zirconium Tetrachlorohydrex Powder Market Size, Opportunities, Key Trends & Strategic Insights
9.3.1China
9.3.2Japan
9.3.3South Korea
9.3.4India
9.3.5Australia
9.3.6Thailand
9.3.7Rest of APAC
9.4Middle East & Africa Aluminum Zirconium Tetrachlorohydrex Powder Market Size, Opportunities, Key Trends & Strategic Insights
9.4.1Saudi Arabia
9.4.2United Arab Emirates
9.4.3South Africa
9.4.4Rest of MEA
9.5Latin America Aluminum Zirconium Tetrachlorohydrex Powder Market Size, Opportunities, Key Trends & Strategic Insights
9.5.1Brazil
9.5.2Mexico
9.5.3Rest of LA
9.6CIS Aluminum Zirconium Tetrachlorohydrex Powder Market Size, Opportunities, Key Trends & Strategic Insights
9.6.1Russia
9.6.2Rest of CIS
Chapter 10

Competitive Landscape

10.1Competitive Dashboard & Market Share Analysis
10.2Company Profiles (Overview, Financials, Developments, SWOT)
10.2.1Sigma-Aldrich
10.2.2Alfa Aesar
10.2.3FUJIFILM Wako Pure Chemical Corporation
10.2.4American Elements
10.2.5Glentham Life Sciences
10.2.6Thermo Fisher Scientific Inc
10.2.7Suvidhinath Laboratories
10.2.8Fisher Scientific
10.2.9Spectrum Chemical Manufacturing Corp
10.2.10TCI Chemicals
10.2.11Merck KGaA
10.2.12Haihang Industry Co. Ltd.