Aluminum Hydroxide Market Size, Share, Trends, Growth, Industry Report 2023-2028
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 industry report, 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.
Aluminum hydroxide {Al(OH)₃,} is a white, odorless crystalline compound derived primarily from bauxite. It is highly insoluble in water, which makes it suitable for use as an antacid. It is generally well-tolerated with few side effects when used as directed. It aids in neutralizing excess stomach acid, which provides relief from heartburn and indigestion. It is widely used in many over-the-counter and prescription antacid medications, including tablets, liquids, and chewable forms. It also finds applications in the manufacturing of aluminum-based chemicals and as a flame retardant in plastics and textiles. Besides this, it is utilized as an adjuvant in some vaccines to enhance the immune response of the body.
Global Aluminum Hydroxide Market Trends and Drivers:
The increasing prevalence of gastrointestinal disorders and related ailments, such as heartburn and acid reflux, is driving the demand for antacid medications that contain Al(OH)₃. Additionally, the aging global population, with a higher susceptibility to digestive issues, is contributing to the market growth. Along with this, the rising utilization of Al(OH)₃ in the pharmaceutical industry is another significant factor bolstering the market growth. Furthermore, the widespread adoption of Al(OH)₃ as a flame retardant in various industries, including plastics and textiles, to enhance fire safety and reduce the environmental impact of materials used in these sectors is offering a favorable market outlook. Moreover, ongoing research and development (R&D) in the field of pharmaceuticals is strengthening the growth of the market. Scientists and pharmaceutical companies are continually exploring novel applications for Al(OH)₃ beyond traditional antacids like in targeted drug delivery systems. Furthermore, regulatory approvals for the use of Al(OH)₃ in various industries are streamlining its incorporation into products. The regulatory bodies are recognizing its safety and efficacy, providing the necessary certifications that enable its widespread use. In addition, manufacturers are adopting innovative processes to enhance product quality and reduce production costs, which is propelling the market growth.
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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Comments
Post a Comment