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 share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Aluminum hydroxide, also known as trihydrate aluminum, is a white inorganic compound that is insoluble in water. It is naturally found as the mineral gibbsite. This compound serves as an important intermediate for the production of various aluminum-based compounds such as aluminum oxide, zeolites, and magnesium hydroxide. Due to its fire-resistant and lightweight properties, aluminum hydroxide is extensively used in the manufacturing of plastics, drugs, elastomers, sealants, and adhesives. Its neutral pH level makes it a suitable ingredient for formulating a wide range of cosmetic products. Currently, aluminum hydroxide is commonly available in powdered and gel forms.
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.
Global Aluminum Hydroxide Market Trends and Drivers:
The aluminum hydroxide market is experiencing significant growth due to its increasing adoption in various industries such as chemicals, automotive, electronics, manufacturing, transportation, and pharmaceuticals. This is driven by the growing demand for fire-retardant plastics and polymers that use aluminum hydroxide as coatings and fillers to prevent combustion. The compound offers several benefits including durability, cost-effectiveness, and water solubility, further contributing to its demand worldwide. Moreover, the use of aluminum hydroxide in medications to treat conditions like gastroesophageal reflux and heartburn is also contributing to the market’s positive growth. Leading manufacturers are increasingly aware of the benefits of using halogen materials to insulate components in motors, circuit breakers, and transformers, further boosting the market. These manufacturers are also engaging in strategic collaborations, which stimulate market growth. Additionally, substantial investments in research and development activities are expected to fuel the growth of the aluminum hydroxide market in the foreseeable future.
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:
Breakup by Application:
- Adhesives, Sealants and Elastomers
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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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