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 growth, share, size, trends, and 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, a colorless and scentless powder, is an inorganic chemical compound resulting from the precipitation of aluminum salts and alkali hydroxides. Renowned for its flame-retardant properties and adaptability, it is a crucial component in the creation of fire-resistant materials and coatings. This compound diminishes the risk of ignition, mitigates fire-related incidents, and functions effectively as an antacid. Furthermore, it contributes to enhancing the endurance, heat tolerance, and mechanical robustness of diverse products. Given its capacity to elevate the overall quality of end products and extend their longevity and dependability, the global demand for aluminum hydroxide is on the rise.

Global Aluminum Hydroxide Market Trends and Drivers:

Currently, a significant driver of market expansion is the heightened requirement for antacid medications, addressing concerns like heartburn, acid indigestion, and gastroesophageal reflux disease (GERD) in individuals. Additionally, a favorable market outlook is being propelled by an escalating demand for flame-retardant materials across diverse sectors. Furthermore, the market is experiencing a promising growth opportunity due to the increasing development of fire-resistant cables, insulation materials, and components aimed at ensuring safety in various applications. Moreover, the market's growth is being bolstered by the increasing demand for non-combustible materials, attributed to the surge in infrastructure projects worldwide.

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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