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.
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.
Aluminum hydroxide is an inorganic chemical compound that is a white and odorless powder. It is formed through the precipitation of aluminum salts and alkali hydroxides. It is recognized for its flame-retardant characteristics and versatility, which makes it an essential ingredient in the production of fire-resistant materials and coatings. It reduces the risk of combustion, prevents fire-related accidents, and has the ability to act as an efficient antacid. It assists in improving the durability, heat resistance, and mechanical strength of various products. As it enhances the overall quality of end products and extends their lifespan and reliability, the demand for aluminum hydroxide is rising around the world.
Global Aluminum Hydroxide Market Trends and Drivers:
At present, the increasing need for antacid medications to address issues, such as heartburn, acid indigestion, and gastroesophageal reflux disease (GERD) among individuals represents one of the major factors contributing to the market growth. Besides this, the growing demand for flame-retardant materials across various sectors is offering a positive market outlook. Moreover, the rising development of fire-resistant cables, insulation materials, and components to ensure safety in various applications is offering a lucrative growth opportunity to industry players. Furthermore, the rising demand for non-combustible materials due to the increasing number of infrastructure projects around the world is strengthening the market growth.
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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