Aluminum Hydroxide Market Size, Share, Growth Analysis, By Form(Powder and Gel), By Grade(Industrial grade and pharmaceutical grade) - Industry Forecast 2024-2031

Report ID: SQMIG15B2091 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 59 | Figures: 75

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Aluminum Hydroxide Market size was valued at USD 1.81 billion in 2021 and is poised to grow from USD 1.9 billion in 2022 to USD 2.81 billion by 2030, at a CAGR of 5% during the forecast period (2023-2030).

Aluminum Hydroxide Market Top Player’s Company Profiles 'Nabaltec AG (Germany)', 'Almatis GmbH (Germany)', 'Albemarle Corporation (US)', 'Huber Engineered Materials (US)', 'Nippon Light Metal Company, Ltd. (Japan)', 'Sumitomo Chemical Co., Ltd. (Japan)', 'Showa Denko K.K. (Japan)', 'CHALCO (China)', 'Shandong Aluminum Corporation (China)', 'Henan Shenhuo Group Co., Ltd. (China)', 'Zibo Pengfeng Aluminum Co., Ltd. (China)', 'Kibing Group (China)', 'Alcoa Corporation (US)', 'Rio Tinto (UK/Australia)', 'RUSAL (Russia)', 'Norsk Hydro ASA (Norway)', 'Hindalco Industries Limited (India)', 'UC RUSAL (Russia)', 'GAC Aluminum Co., Ltd. (China)', 'AMAG Austria Metall AG (Austria)'

The pharmaceutical industry is a significant driver of the aluminum hydroxide market. Aluminum hydroxide is used as an active ingredient in antacid formulations and as an adjuvant in vaccines, contributing to the growth of the market. The rising prevalence of gastrointestinal disorders and the increasing demand for vaccines further fuel the market growth.

Rising Application in Pharmaceuticals: The pharmaceutical industry is a significant consumer of aluminum hydroxide. It is used as an active ingredient in antacid formulations and as an adjuvant in vaccines. The increasing prevalence of gastrointestinal disorders and the growing demand for vaccines are driving the demand for pharmaceutical-grade aluminum hydroxide.

Asia Pacific dominated the aluminum hydroxide market. The Asia Pacific region has a significant share in the market due to the presence of major aluminum hydroxide manufacturers and a robust manufacturing sector. Countries such as China, Japan, and South Korea are key contributors to the regional market growth. The dominant position of Asia Pacific is attributed to the increasing demand for aluminum hydroxide in various industries, including flame retardants, ceramics, and pharmaceuticals. Additionally, the region benefits from lower production costs and a favorable regulatory environment, further supporting market dominance.

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Aluminum Hydroxide Market Size, Share, Growth Analysis, By Form(Powder and Gel), By Grade(Industrial grade and pharmaceutical grade) - Industry Forecast 2024-2031

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