Aluminum Hydroxide Market by End-users (Sealants and Elastomers, Adhesives, Coatings, Pharmaceuticals, Plastics, and Others), Product Types (Pharmaceutical Grade, Industrial Grade, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global aluminum hydroxide market size is projected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising sales of antacids.
Aluminum hydroxide, also known as trihydrate aluminum and hydrate aluminum, is a white colored, powered compound. This inorganic compound is found in the form of mineral gibbsite. Bauxite is one the key component of aluminum ore. The newly precipitated aluminum hydroxide is found in the form of gel. In industries, aluminum hydroxide is manufactured by Bayer’s process and it is used as a raw material for the creation of numerous aluminum-based constituents such as zeolites, aluminum oxide, and aluminum chlorides. Properties such as fire resistant and lightweight has increased its use in various end-user industries such as transportation, construction, automotive, and electrical & electronics.
Considering the impact of COVID-19 pandemic, the global aluminum hydroxide market is expected to evidence a slowdown due to inhibition in the growth of the plastic industry. However, the market is expected to recover by end of 2021.
Markets Trends, Drivers, Restraints and Opportunity
- Rising number of commercial and residential establishments is estimated to positively influence the market growth during the forecast period.
- Increasing application of flame retardants in electric wire insulation in building, construction, and transportation is anticipated to drive the market growth.
- Growing customer demand for aluminum hydroxide in various utilizations and end-user industries are key drivers that are expected to spur the market growth.
- Availability of other alternative products can create challenges for the market in the coming years.
- Increasing preference for magnesium hydroxide as substitutes in medical solicitations can restrain the market growth.
- Expanding use of aluminum hydroxide in the form of alum as a coagulant in water and wastewater treatment plants are likely to create immense opportunities for the market during the forecast period.
Scope of the Report
The report on the global aluminum hydroxide market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Aluminum Hydroxide Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | End-user Industries (Sealants and Elastomers, Adhesives, Coatings, Pharmaceuticals, Plastics, and Others), and Product Types (Pharmaceutical Grade, Industrial Grade, and Others) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | LKAB Minerals AB; Huber Engineered Materials; TOR Minerals International Inc.; Nabaltec AG; and Aluminum Corporation of China Limited (Chalco) |
Aluminum Hydroxide Market Segment Insights
Plastics segment is projected to hold a significant market share
Based on end-user industries, the market is divided into sealants and elastomers, adhesives, coatings, pharmaceuticals, plastics, and others. The plastics segment is estimated to account for a significant market share during the forecast period owing to increasing use of aluminum hydroxide in plastics to exhibit flame retardant nature. Moreover, plastics are being used in various end-user industries on count of advantages such as lightweight, durability, low cost, and water resistant.
Industrial grade segment is anticipated to expand at a substantial CAGR
On the basis of product types, the aluminum hydroxide market is segregated into pharmaceutical grade, industrial grade, and others. The industrial grade segment is projected to expand at a considerable CAGR during the forecast period. Increasing usage of aluminum hydroxide in chemical industries in the form of adhesives, plasticizers, rubber chemicals, polymer additives. Additionally, aluminum hydroxide is also used in wastewater treatment plants as a coagulant, which acts as one of the crucial factors that is expected to boost the segment market growth.
Asia Pacific to constitute a considerable market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period.The growth of the market is attributed to rapid development of plastics, paints & coatings, and building and construction industries in emerging economies, such as china and India. Besides, the formulation of stringent implementation of fire safety regulations in various countries of the Asia Pacific is also contributing to the rising demand for flame retardants.
Segments
Segments Covered in the Report
End user industries
- Sealants and Elastomers
- Adhesives
- Coatings
- Pharmaceuticals
- Plastics
- Others
Product types
- Pharmaceutical Grade
- Industrial Grade
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key players
- LKAB Minerals AB
- Huber Engineered Materials
- TOR Minerals International Inc.
- Nabaltec AG
- Aluminum Corporation of China Limited (Chalco)
Competitive Landscape
Key players competing in the global aluminum hydroxide market are LKAB Minerals AB; Huber Engineered Materials; TOR Minerals International Inc.; Nabaltec AG; and Aluminum Corporation of China Limited (Chalco).
Companies are focusing on partnering with local manufacturers and collaborating with other industry players to expand their market share.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aluminum hydroxide Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aluminum hydroxide Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aluminum hydroxide Market - Supply Chain
4.5. Global Aluminum hydroxide Market Forecast
4.5.1. Aluminum hydroxide Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aluminum hydroxide Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Aluminum hydroxide Market Absolute $ Opportunity
5. Global Aluminum hydroxide Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Aluminum hydroxide Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Aluminum hydroxide Demand Share Forecast, 2019-2026
6. North America Aluminum hydroxide Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Aluminum hydroxide Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Aluminum hydroxide Demand Share Forecast, 2019-2026
7. Latin America Aluminum hydroxide Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Aluminum hydroxide Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Aluminum hydroxide Demand Share Forecast, 2019-2026
8. Europe Aluminum hydroxide Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Aluminum hydroxide Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Aluminum hydroxide Demand Share Forecast, 2019-2026
9. Asia Pacific Aluminum hydroxide Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Aluminum hydroxide Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Aluminum hydroxide Demand Share Forecast, 2019-2026
10. Middle East & Africa Aluminum hydroxide Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Aluminum hydroxide Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Aluminum hydroxide Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Aluminum hydroxide Market: Market Share Analysis
11.2. Aluminum hydroxide Distributors and Customers
11.3. Aluminum hydroxide Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. LKAB Minerals AB
11.4.2. Huber Engineered Materials
11.4.3. TOR Minerals International Inc.
11.4.4. Nabaltec AG
11.4.5. Aluminum Corporation of China Limited (Chalco)
Segments Covered in the Report
End user industries
- Sealants and Elastomers
- Adhesives
- Coatings
- Pharmaceuticals
- Plastics
- Others
Product types
- Pharmaceutical Grade
- Industrial Grade
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key players
- LKAB Minerals AB
- Huber Engineered Materials
- TOR Minerals International Inc.
- Nabaltec AG
- Aluminum Corporation of China Limited (Chalco)
Key players competing in the global aluminum hydroxide market are LKAB Minerals AB; Huber Engineered Materials; TOR Minerals International Inc.; Nabaltec AG; and Aluminum Corporation of China Limited (Chalco).
Companies are focusing on partnering with local manufacturers and collaborating with other industry players to expand their market share.
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