Aluminum Hydroxide Market Size Research 2022-27: Growth, Top Companies Share, Size, Analysis and Forecast
The latest research study “Aluminum Hydroxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global aluminum hydroxide market reached a value of US$ 1.78 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.46 Billion by 2027, exhibiting a CAGR of 5.20% during 2022-2027.
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Aluminum Hydroxide Industry Outlook:
Aluminum hydroxide, or trihydrate aluminum, represents an insoluble, white-colored inorganic amphoteric compound found naturally in the form of mineral gibbsite. It acts as an intermediary in the manufacturing of various aluminum-based compounds, such as zeolites, aluminum oxide, magnesium hydroxide, etc. Aluminum hydroxide is light in weight and fire-resistant in nature, on account of which it is extensively utilized for producing drugs, plastics, elastomers, sealants, adhesives, etc. Apart from this, it has a neutral pH level, making it an ideal component for formulating several cosmetic products.
Market Trends:
The widespread product adoption across the manufacturing, chemical, automotive, electronics, transportation, and pharmaceutical sectors is primarily driving the aluminum hydroxide market. Apart from this, the inflating need for fire-retardant plastics and polymers as coatings and fillers is further catalyzing the market growth.
Moreover, the escalating incidences of various chronic diseases, especially among the geriatric population, are also positively influencing the global market. In line with this, aluminum hydroxide is extensively used in medications to treat ailments, such as heartburn and gastroesophageal reflux, which is acting as another significant growth-inducing factor.
Furthermore, the shifting inclination in the electronics sector towards halogenic materials for insulation purposes is anticipated to fuel the aluminum hydroxide market over the forecasted period.
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| Aluminum Hydroxide Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 1.78 Billion |
| Market forecast in 2027 | US$ 2.46 Million |
| Growth Rate | CAGR of 5.20% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Market Segmentation:
The report has segmented the global aluminum hydroxide market on the basis of grade, form, application and region.
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 Geography:
• 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
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List of Key Companies Covered in this Market Report:
The major players in the market 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.
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