Global Aluminum Hydroxide Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Aluminum Hydroxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global aluminum hydroxide market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global aluminum hydroxide market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
Aluminum hydroxide, also referred to as alumina hydrate, is a colorless, scentless, crystalline compound derived from bauxite ore. Possessing enhanced flame-retardant properties, it plays a pivotal role in the production of fire-resistant materials. This compound is non-toxic, reducing the risk of adverse effects in medical formulations. When subjected to high temperatures, it emits water vapor and effectively suppresses flames, making it an essential ingredient in products like fireproof coatings, cables, and construction materials. Its use contributes to improved fire safety, limiting the spread of fires and safeguarding both lives and property. Due to its chemical inertness, aluminum hydroxide does not react with other substances, ensuring the stability of various products. It serves as a coagulant, facilitating the removal of impurities, suspended particles, and contaminants from water sources. This property aids in the clarification and purification of drinking water and wastewater. Additionally, the compound provides relief from heartburn and indigestion by neutralizing excess stomach acid. It also proves valuable in eliminating accumulated grease and grime from manufacturing equipment. This versatile compound finds applications in diverse industries such as construction, pharmaceuticals, chemicals, cosmetics, electronics, and automotive sectors worldwide.
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Global Aluminum Hydroxide Market Trends and Drivers:
Currently, the market is experiencing a surge in the demand for flame retardants across diverse industries due to heightened safety concerns among individuals. This factor significantly contributes to the market's growth. Moreover, the market is being propelled by the increasing use of aluminum hydroxide as an antacid to alleviate discomfort caused by gastric acid reflux and related gastrointestinal issues. The global population's rising need for fire-resistant building materials further adds to the market's momentum. Simultaneously, the automotive sector is witnessing a growing utilization of aluminum hydroxide to eliminate oil, grease, and road grime, presenting lucrative growth opportunities for industry investors. Additionally, the demand for aluminum hydroxide is on the rise as a filler and reinforcement agent in the production of ceramics and ceramic-based products. The substance's increasing use to enhance the mechanical properties of rubber and plastic products is also positively influencing the market. Furthermore, the development of eco-friendly aluminum hydroxide with low volatile organic compounds (VOCs) that align with sustainability goals is playing a role in the market's expansion. The market is also being bolstered by the increasing adoption of aluminum hydroxide as a flame retardant in electronic devices to enhance the fire safety of electronic components and appliances. In the cosmetic industry, aluminum hydroxide is finding increased use as a thickening agent and to adjust the potential of hydrogen (pH) formulations, contributing to market growth. The growing demand for effective remedies for digestive discomfort is an additional factor providing a positive outlook for the market.
Global Aluminum Hydroxide Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Akrochem Corporation, Albemarle Corporation, American Elements, Bisley & Company Pty Ltd., Hindalco Industries Limited (Aditya Birla Group), J.M. Huber Corporation, Nabaltec AG, Nippon Light Metal Holdings Co. Ltd., Showa Denko K. K., Sibelco, Sumitomo Chemical Co. Ltd. and TOR Minerals International Inc.
The report segmented the market on the basis of region, grade, form and application.
Breakup by Grade:
- Industrial Grade
- Pharmaceutical Grade
Breakup by Form:
- Powder
- Gel
Breakup by Application:
- Plastics
- Pharmaceuticals
- Coatings
- Adhesives, Sealants and Elastomers
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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