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 share, size, trends, and growth 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.
Derived mainly from bauxite, aluminum hydroxide (Al(OH)₃) is a crystalline compound with a white, odorless appearance. Its low solubility in water makes it a suitable choice for antacid formulations. When used as directed, it is generally well-tolerated with minimal side effects. This compound effectively neutralizes excess stomach acid, providing relief from heartburn and indigestion. It is a common ingredient in various over-the-counter and prescription antacid medications, available in tablet, liquid, and chewable forms. Additionally, aluminum hydroxide is employed in the production of aluminum-based chemicals, serves as a flame retardant in plastics and textiles, and acts as an adjuvant in some vaccines to enhance the body's immune response.
Global Aluminum Hydroxide Market Trends and Drivers:
The surge in gastrointestinal disorders, including issues like heartburn and acid reflux, is fueling the demand for antacid medications containing Al(OH)₃. The aging global population, more prone to digestive issues, is also contributing to the market's expansion. Al(OH)₃ is gaining traction in the pharmaceutical industry, further boosting market growth. Its increasing use as a flame retardant in industries like plastics and textiles, enhancing fire safety and reducing environmental impact, is contributing to a positive market outlook. Ongoing research and development in pharmaceuticals are playing a key role, with scientists and companies exploring novel applications for Al(OH)₃ beyond traditional antacids, such as in targeted drug delivery systems. Regulatory approvals are streamlining its incorporation into various industries, recognizing its safety and efficacy. Manufacturers are adopting innovative processes to improve product quality and reduce production costs, driving further market growth.
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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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