The global aluminum hydroxide market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2024-2031). 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.
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. Electric vehicle (EVs) sales increased in every region as production increased over the past few years. According to the World Economic Forum (WEF), in 2022, global sales of electric cars increased by around 60%, surpassing 10 million for the first time. In 2022, 10.6 million EVs were sold compared to 1.21 million in 2017. Whereas, internal combustion engines cars sales decreased over the past year. According to the WEF, in 2022, 85.09 million internal combustion engines cars were sold compared to 63.2 million in 2017.
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. 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.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Type
- By End-User Industry
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- including Smiths Detection Group Ltd., L3Harris Technologies, Nuctech Company Ltd., Ketech Defence Ltd., Point Security, Inc., and others.
Aluminum Hydroxide Market Report Segment
By Type
- Industrial Grade
- Pharmaceutical Grade
- Others
By End-User Industry
- Plastics
- Pharmaceuticals
- Coatings, Adhesives, Sealants and Elastomers
- Others
A full Report of Aluminum Hydroxide Market is Available @ https://www.omrglobal.com/industry-reports/aluminum-hydroxide-market
Aluminum Hydroxide Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Almatis B.V.
- Alteo Holding
- ALUMINA – CHEMICALS & CASTABLES
- AlCircle Pte Ltd (AlCircle),
- SCR-Sibelco NV,
- Sumitomo Chemical Co. Ltd
- Hindalco (Aditya Birla Management Corp. Pvt. Ltd)
- Akrochem Corp.
- Huber Corp.
- Sumitomo Chemical Co., Ltd.
- Albemarle Corp.
- Nashtec LLC
- Resonac Group Companies
- Avanschem
- Radhaji Pharma Chem
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