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 report, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Aluminum hydroxide is an inorganic compound that represents one of the most common forms of aluminum found in nature. It is a white, odorless, and amorphous powder insoluble in water. It is produced through various processes, including the reaction of aluminum sulfate with sodium hydroxide or precipitation from aluminum-containing solutions. It is commonly used to relieve heartburn, acid indigestion, and upset stomach in humans and animals due to its ability to neutralize excess stomach acid. It is also utilized as a flame retardant in the production of plastics and rubber.
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.
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Global Aluminum Hydroxide Market Trends and Drivers:
Aluminum hydroxide is employed in the pharmaceutical industry as an important component in antacids and over-the-counter medications to treat heartburn, acid indigestion, and upset stomach. Along with this, the surging prevalence of irritable bowel syndrome (IBS), gastroesophageal reflux disease (GERD), peptic ulcers, and esophagitis among the masses represent one of the primary factors fueling the market growth around the world. Moreover, the rising use of aluminum hydroxide in adhesives and sealants to enhance their fire-resistant properties is bolstering the market growth. Besides this, the increasing use of aluminum hydroxide in numerous industry verticals due to its numerous advantages, such as cost-effectiveness, lightweight, durability, and water solubility, is influencing the market positively.
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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