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

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.