Aluminum Hydroxide Market Size 2022-27, Global Report, Share, Trends and Forecast
by George Poter Market AnalystAccording to the global aluminum hydroxide market report by IMARC Group, the 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.
What is Aluminum Hydroxide? How Big is Aluminum Hydroxide Market?
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.
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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.
COVID-19 Impact: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Aluminum Hydroxide Market 2022-2027 Analysis
and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been
studied in the report with the detailed profiles of the key players operating
in the market.
Some of these top key players include:
- 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.
- TOR Minerals International Inc.
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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
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with Cost Module, Business Strategy, Distribution Channel, etc. Click request
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Key highlights of the report:
- Market
Performance (2016-2021)
- Market
Outlook (2022- 2027)
- 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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Created on Oct 13th 2022 02:25. Viewed 167 times.