The global aluminum hydroxide market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2023-2030). The market growth is attributed to the increasing adoption of aluminum hydroxide across various industrial verticals, such as pharmaceuticals, chemical, manufacturing, automotive, electronics, and transportation, owing to the increasing demand for fire retardants in plastics and polymers as coatings and fillers to inhibit combustion.
Browse the full report description of “Aluminum Hydroxide Market Size, Share & Trends Analysis Report by Type (Industrial Grade, Pharmaceutical Grade, and Others (Reagent grade)), and by End-User Industry (Plastics, Pharmaceuticals, Coatings, Adhesives, Sealants and Elastomers, and Others (Chemical)) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/aluminum-hydroxide-market
The shifting inclination of the electronic industry toward halogens materials for insulating it in housings for circuit breakers, motors, and transforms over non-halogenated components owing to its fire-resistant properties. Thus, the growing electronic industry is contributing significantly to aluminum hydroxide market growth. Some market players including Clariant International Ltd., Alpha Calcit Füllstoff GmbH, and others are offering aluminum hydroxide-based fire retardants for the electr, ical and electronics industry. For instance, in April 2019, Alpha Calcit launched ALFRIMAL, a halogen-free, flame-retardant active ingredient. The product is based on aluminum hydroxide possessing a flame-retardant effect by releasing one third of its weight as water at an ambient temperature. Additionally, the growing demand for batteries, driven by the electric vehicle industry and renewable energy storage systems, presents an opportunity for the expansion of aluminum hydroxide applications in the energy storage sector. The increasing adoption of aluminum hydroxide as a flame retardant in batteries especially in rechargeable lithium-ion batteries propels the market growth.
Furthermore, in the pharmaceutical industry, aluminum hydroxide incorporated into various drug formulations, including chewable tablets, suspensions, and oral liquids, to improve patient compliance and ease of administration. Aluminum hydroxide treats indigestion, occasional heartburn, upset stomach, and other conditions caused by too much stomach acid. Some brands such as Acid Gone, Foaming Antacid, Gaviscon, Gaviscon Extra Strength antacid tablets are used for the treatment of such stomach diseases.
In addition, aluminum hydroxide used in various immunologic preparations to improve immunogenicity, and also used in vaccine binds to the protein conjugate, resulting in improved antigen processing by the immune system.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By End-User Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Aluminum Corporation of China Ltd. (Chalco), Huber Corp., LKAB Minerals AB, Nabaltec AG, TOR Minerals International Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Aluminum Hydroxide Market Report Segment
By Type
By End-User Industry
Global Aluminum Hydroxide Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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