The latest research study “Aluminum Hydroxide Market Trends: Global Industry 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.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
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.
Global Aluminum Hydroxide Market Trends and Drivers:
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.
| 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 |
| Segments covered | Grade, Form, Application and Region |
| Regional scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
| Key companies profiled | 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. |
| 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. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Grade:
- Industrial Grade
- Pharmaceutical Grade
Breakup by Form:
- Powder
- Gel
Breakup by Application:
- Plastics
- Pharmaceuticals
- Coatings
- Adhesives, Sealants and Elastomers
- Others
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
List of Major Key Players:
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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Key Questions Answered in This Report:
- How has the global aluminum hydroxide market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global aluminum hydroxide market?
- What are the key regional markets?
- What is the breakup of the market based on the grade?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
Continue Reading: Cloud-based Contact Center Market Report 2022 – Global Size, Share, Trends and Analysis