USD 1.81 billion
Aluminum Hydroxide Market Size, Share, Growth Analysis, By Form(Powder and Gel), By Grade(Industrial grade and pharmaceutical grade), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15B2091 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
59
|Figures:
75
Aluminum Hydroxide Market Insights
Aluminum Hydroxide Market size was valued at USD 1.81 billion in 2021 and is poised to grow from USD 1.9 billion in 2022 to USD 2.81 billion by 2030, at a CAGR of 5% during the forecast period (2023-2030).
Alumina hydrate plays a substantial role as a flame retardant, with an extensive portion of approximately 40% of its production being dedicated to the plastics industry. In the monarchy of plastics, flame-retardant agents are unified inversely depending on the type of plastic. In thermoplastics, these substances are adapted in a molten state during the extrusion process, while in thermosetting plastics, flame-retardant resources are integrated into the polymer assembly through processes such as polycondensation or grafting. This adjustable application of alumina trihydrate emphasizes its importance in attracting the fire resistance of various plastic materials. The increasing occurrence of gastrointestinal ailments and issues related to heartburn is a considerable factor driving market expansion.
Furthermore, aluminum hydroxide finds effectiveness in water treatment procedures, where it plays a crucial role in eradicating impurities and attractive water quality. The intensifying anxiety regarding water contamination and the demand for safe drinking water are additional drivers fueling market growth. Additionally, in the construction and automotive sectors, aluminum hydroxide serves as a flame retardant for various materials, including plastics and cables. The requirement of stringent safety regulations pertaining to fire resistance within these industries is acting as a catalyst for the market's upward trajectory.
US Aluminum Hydroxide Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Powder
Fastest Growth
Powder
Growth Rate
5% CAGR
Global Aluminum Hydroxide Market ($ Bn)
Country Share for Asia-pacific Region (%)
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Aluminum Hydroxide Market Segmental Analysis
Global Aluminum Hydroxide Market is segmented on the basis of form, grade, and region. By form, the market is segmented into powder and gel. By grade, the market is segmented into industrial grade and pharmaceutical grade. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Aluminum Hydroxide Market Analysis By Form
The global aluminum hydroxide market can be segmented by form into powder and gel. Aluminum hydroxide powder dominated the global market. Aluminum hydroxide powder is widely used across industries due to its ease of handling, high purity levels, and versatility in applications. It is extensively utilized as a flame-retardant additive in various products such as plastics, rubber, and textiles. The dominant position of aluminum hydroxide powder is attributed to its cost-effectiveness, availability, and proven efficacy as a flame retardant.
The fastest-growing segment by form in the aluminum hydroxide market is aluminum hydroxide gel. Aluminum hydroxide gel is commonly used in pharmaceutical applications, particularly as an antacid to treat conditions like heartburn and indigestion. It provides relief by neutralizing excess stomach acid. The growing prevalence of gastrointestinal disorders and the increasing demand for over-the-counter antacid medications are driving the growth of aluminum hydroxide gel in the market. Additionally, the gel form offers advantages such as easy administration, controlled dosage, and improved patient compliance.
Aluminum Hydroxide Market Analysis By Grade
The global aluminum hydroxide market can be segmented by grade into industrial grade and pharmaceutical grade. Industrial grade aluminum hydroxide dominated the market. Industrial grade aluminum hydroxide is widely used in various industrial applications, including flame retardants, ceramics, glass, and wastewater treatment. Its dominant position is due to its cost-effectiveness, availability, and suitability for industrial processes where high purity levels are not a critical requirement. Industrial grade aluminum hydroxide offers good flame-retardant properties and is extensively used as a filler and additive in the manufacturing of plastics, rubber, and other materials.
The fastest-growing grade in the aluminum hydroxide market is pharmaceutical grade. Pharmaceutical grade aluminum hydroxide is manufactured under stringent quality control measures to ensure high purity and compliance with pharmaceutical regulations. It finds application in the pharmaceutical industry as an active ingredient in antacid formulations and as an adjuvant in vaccines. The growing demand for antacid medications and the increasing prevalence of gastrointestinal disorders are driving the growth of pharmaceutical grade aluminum hydroxide. Furthermore, the use of aluminum hydroxide as an adjuvant in vaccines to enhance immune responses is contributing to its fastest growth in the pharmaceutical sector.
Global Aluminum Hydroxide Market By Form
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Aluminum Hydroxide Market Regional Insights
Asia Pacific dominated the global aluminum hydroxide market. The Asia Pacific region has a significant share in the market due to the presence of major aluminum hydroxide manufacturers and a robust manufacturing sector. Countries such as China, Japan, and South Korea are key contributors to the regional market growth. The dominant position of Asia Pacific is attributed to the increasing demand for aluminum hydroxide in various industries, including flame retardants, ceramics, and pharmaceuticals. Additionally, the region benefits from lower production costs and a favorable regulatory environment, further supporting market dominance.
The fastest-growing region in the aluminum hydroxide market is the Middle East & Africa. The Middle East & Africa region is witnessing rapid growth in aluminum hydroxide consumption due to the expanding industrial sectors and increasing infrastructure development. Countries such as Saudi Arabia, UAE, and South Africa are experiencing significant demand for aluminum hydroxide, primarily driven by the construction industry. The region's growth is fueled by the rising investments in residential and commercial construction projects, where aluminum hydroxide is used as a flame retardant and filler in building materials. Furthermore, the Middle East & Africa region is also witnessing an increasing demand for pharmaceuticals, which contributes to the growth of aluminum hydroxide in the pharmaceutical grade segment.
Global Aluminum Hydroxide Market By Region
- Largest
- Fastest
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Aluminum Hydroxide Market Dynamics
Aluminum Hydroxide Market Drivers
Expansion of Pharmaceutical Industry
- The pharmaceutical industry is a significant driver of the aluminum hydroxide market. Aluminum hydroxide is used as an active ingredient in antacid formulations and as an adjuvant in vaccines, contributing to the growth of the market. The rising prevalence of gastrointestinal disorders and the increasing demand for vaccines further fuel the market growth.
Infrastructure Development
- The construction and infrastructure sectors play a crucial role in the demand for aluminum hydroxide. It is utilized as a flame retardant and filler in building materials, such as coatings, cables, and pipes. The ongoing infrastructure development projects worldwide are driving the demand for aluminum hydroxide in the construction industry.
Aluminum Hydroxide Market Restraints
Environmental Concerns and Sustainability Issues
- The extraction and processing of bauxite ore to produce aluminum hydroxide have environmental impacts, including energy consumption and emissions. Increasing environmental regulations and sustainability concerns pose challenges for aluminum hydroxide production. Manufacturers are focusing on adopting sustainable practices and exploring alternative sources to mitigate these concerns.
Competition from Substitutes
- Aluminum hydroxide faces competition from other flame-retardant materials and antacid formulations that offer similar functionalities. Substitutes such as magnesium hydroxide and other halogen-based flame retardants can pose a challenge to the market growth of aluminum hydroxide. Manufacturers need to differentiate their products and highlight the advantages of aluminum hydroxide to overcome this restraint.
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Aluminum Hydroxide Market Competitive Landscape
The global aluminum hydroxide market is exceedingly competitive, with key players forming strategic partnerships, product innovation and expanding production dimensions to gain an advantage. While a few major companies control the market, smaller players target niche segments. Competition orbits around pricing, product quality and customer relationships, product quality, distribution. With rising mandates for flame retardant materials and pharmaceutical-grade aluminum hydroxide, competition is expected to strengthen further, chief to increased R&D investment, boosted manufacturing abilities and a focus on sustainability to change consumer demand for eco-friendly products.
Aluminum Hydroxide Market Top Player’s Company Profiles
- Nabaltec AG (Germany)
- Almatis GmbH (Germany)
- Albemarle Corporation (US)
- Huber Engineered Materials (US)
- Nippon Light Metal Company, Ltd. (Japan)
- Sumitomo Chemical Co., Ltd. (Japan)
- Showa Denko K.K. (Japan)
- CHALCO (China)
- Shandong Aluminum Corporation (China)
- Henan Shenhuo Group Co., Ltd. (China)
- Zibo Pengfeng Aluminum Co., Ltd. (China)
- Kibing Group (China)
- Alcoa Corporation (US)
- Rio Tinto (UK/Australia)
- RUSAL (Russia)
- Norsk Hydro ASA (Norway)
- Hindalco Industries Limited (India)
- UC RUSAL (Russia)
- GAC Aluminum Co., Ltd. (China)
- AMAG Austria Metall AG (Austria)
Aluminum Hydroxide Market Recent Developments
- In January 2023, Huber Engineered Materials (US) announced the acquisition of the aluminum hydroxide business of Rhodia (France).
- In February 2023, Nabaltec AG (Germany) launched a new line of high-purity aluminum hydroxide products for the pharmaceutical industry.
- In March 2023, Albemarle Corporation (US) announced the expansion of its aluminum hydroxide production capacity in China.
Aluminum Hydroxide Key Market Trends
- Rising Application in Pharmaceuticals: The pharmaceutical industry is a significant consumer of aluminum hydroxide. It is used as an active ingredient in antacid formulations and as an adjuvant in vaccines. The increasing prevalence of gastrointestinal disorders and the growing demand for vaccines are driving the demand for pharmaceutical-grade aluminum hydroxide.
- Focus on Sustainable Production: Sustainability has become a key focus in the aluminum hydroxide market. Manufacturers are adopting sustainable practices, such as using alternative sources of aluminum hydroxide and improving energy efficiency in production processes. This trend aligns with the growing consumer preference for eco-friendly products.
Aluminum Hydroxide Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global aluminum hydroxide market analysis, the market is poised for steady growth driven by the increasing demand for non-toxic flame-retardant materials and the expanding pharmaceutical industry. Aluminum hydroxide finds applications in various sectors, including construction, automotive, electronics, and pharmaceuticals. The market is witnessing key trends such as the growing focus on sustainable production practices, technological advancements to improve properties and functionalities, and the emergence of nanoparticle applications. Additionally, the Asia-Pacific region, particularly China and India, is expected to be a significant growth driver due to rapid industrialization and infrastructure development. However, the market faces challenges, including volatility in raw material prices and competition from substitute materials. To stay competitive, companies are investing in research and development, expanding their production capacities, and establishing strategic partnerships. Overall, with the increasing emphasis on fire safety regulations and the demand for eco-friendly products, the global market is expected to thrive in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.81 billion |
| Market size value in 2031 | USD 2.81 billion |
| Growth Rate | 5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aluminum Hydroxide Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aluminum Hydroxide Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aluminum Hydroxide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aluminum Hydroxide Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aluminum Hydroxide Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aluminum Hydroxide Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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