Global Aluminum Hydroxide Market
Global Aluminum Hydroxide Market size was valued US$ X.43 Bn in 2019 and the total revenue is expected to grow at 5.13% through 2020 to 2027, reaching US$ X.82 Bn. The report has covered region wise market trends with competitive landscape. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Global Aluminum Hydroxide Market
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The global aluminum hydroxide market is driven by the rising demand for the product in medical applications, used in flame retardants, and increasing safety standards in building construction. The easy availability of aluminum hydroxide and is largely used in polymer application. The increasing polymer production activities in the Asia-Pacific and European regions will impel market growth in the upcoming period. The growing demand for lightweight and fire-resistant products in the automotive industry to offer increased design flexibility is projected to fuel the market growth.
The growing demand for aluminum hydroxide in painting and coating industries because of its cost-effectiveness are driving the market growth. However, an increase in the adoption of alternative products such as magnesium hydroxide may restrain the market growth at the global level. Increasing adoption of the product in batteries and chemicals are projected to create beneficial growth opportunities in the market. Fluctuating raw material prices and increasing health risks due to exposure to aluminum hydroxide are the major challenges for the aluminum hydroxide market in the near future.
Based on the application, the plastics segment has led the aluminum hydroxide market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. Plastics offers several benefits such as low cost, less weight, durable, water-resistant, etc.
The rising adoption of lightweight and fire-resistant materials in the automotive industry to provide increased efficiency and design flexibility, are likely to propel the segment growth in the market. Some of the major end-user industries such as automotive and transportation, construction, electrical & electronics, and others are driving the segment growth, which is supporting the global aluminum hydroxide market to grow.
Geographically, the aluminum hydroxide market has segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held a prominent market share of XX% in 2019 and is expected to reach US$ Mn by the end of 2027, with a CAGR of XX%. The growing population has triggered the rise in consumption of cosmetics & personal care products, and the growth in chemicals and pharmaceutical industries are impelling the market growth. Emerging economies such as China, India, Malaysia, and Indonesia are the leading contributor to the regional market growth.
In terms of revenue, North America is expected to grow at a CAGR of xx% during the forecast period thanks to the high living standard from the developed regions and the huge demand for cosmetics and automotive products in the region. Middle East & Africa is likely to be lucrative market for aluminum hydroxide during the forecast period owing to the increasing demand for a product in the personal care industry in the region.
The objective of the report is to present a comprehensive analysis of the Global Aluminum Hydroxide Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Aluminum Hydroxide Market dynamics, structure by analyzing the market segments and project the Global Aluminum Hydroxide Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Aluminum Hydroxide Market make the report investor’s guide.
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Global Aluminum Hydroxide Market, by Product Type
- Industrial Grade
- Pharmaceutical Grade
- Others
Global Aluminum Hydroxide Market, by Form
- Powder
- Gel
Global Aluminum Hydroxide Market, by Application
- Sealants and Elastomers
- Pharmaceuticals
- Adhesives
- Plastics
- Coatings
- Other
Global Aluminum Hydroxide Market, by Region
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East Africa
Global Aluminum Hydroxide Market, Major Players
- Taurus Chemicals Pvt. Ltd
- Huber Engineered Materials
- Kunjan Silicate Pvt. Ltd
- Alcoa World Alumina Llc
- Albemarle Corporation
- Bisley & Company Pty Ltd
- Sumitomo Chemical
- American Elements
- P S Corporation
- Showa Denko K.K
- BN Industries
- Nabaltec AG
- Alfa Aesar
- Almatis
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