세계의 수산화알루미늄 시장 보고서 : 그레이드별, 형태별, 용도별, 지역별(2024-2032년)

The global aluminum hydroxide market size reached US$ 2.0 Billion in 2023. Looking forward, the market is expected to reach US$ 3.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032. The growing utilization of antacid to treat acid-related digestive disorders, increasing concerns about water quality, pollution, and the need for safe drinking water, and rising emphasis of beauty industry on product quality and performance are some of the major factors propelling the market.

Aluminum hydroxide is a white, amorphous, and odorless powder that is a naturally occurring mineral and one of the most common forms of aluminum found in nature. It has several applications across various industries, with its primary use being as an antacid in medicine. Its ability to neutralize excess stomach acid makes it a key ingredient in many over-the-counter (OTC) and prescription antacid medications.

At present, the growing prevalence of gastrointestinal disorders and heartburn-related issues is contributing to the growth of the market. Besides this, aluminum hydroxide is utilized in water treatment processes to remove impurities and improve water quality. Increasing concerns about water pollution and the need for clean drinking water is further propelling the market growth. In addition, the construction and automotive industries use aluminum hydroxide as a flame retardant in materials, such as plastics and cables. Stringent safety regulations regarding fire resistance in these sectors are impelling the market growth. Moreover, aluminum hydroxide is employed in cosmetics and skincare products as a thickening agent and to provide a smooth texture. The emphasis of beauty industry on product quality and performance is catalyzing the demand for aluminum hydroxide.

Aluminum Hydroxide Market Trends/Drivers:

Increasing demand for pharmaceutical products

The pharmaceutical industry is a significant driver of the global aluminum hydroxide market. Aluminum hydroxide's primary use as an antacid in various medications to treat acid-related digestive disorders, such as heartburn and indigestion, is propelling the growth of the market. The increasing prevalence of these conditions due to changing lifestyles and dietary habits is further bolstering the market growth. Additionally, the use of aluminum hydroxide in vaccine adjuvants is strengthening its position in the pharmaceutical sector, particularly during vaccine development and distribution around the world.

Rising need to remove impurities in water treatment plants

Aluminum hydroxide plays a vital role in water treatment processes worldwide. It is utilized to remove impurities and pollutants, such as heavy metals and suspended solids, from industrial and municipal wastewater. In addition, the growing concerns about water quality, pollution, and the need for safe drinking water is increasing the adoption of aluminum hydroxide-based treatment solutions around the world. Furthermore, the rising utilization of aluminum hydroxide in cleaning drinking water, especially in regions facing water scarcity and contamination challenges is strengthening the growth of the market.

Growing demand for flame retardant solutions

The construction and automotive industries rely on aluminum hydroxide as a flame retardant, which is bolstering the growth of the market. Aluminum hydroxide is incorporated into materials like plastics, cables, and insulation to enhance fire resistance. Stricter safety regulations and standards regarding fire safety in these sectors push for increasing usage of aluminum hydroxide-based flame retardants. Furthermore, the demand for aluminum hydroxide as a flame retardant is growing as safety remains a top priority for manufacturers across the globe.

Aluminum Hydroxide Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on grade, form and application.

Breakup by Grade:

Industrial Grade

Pharmaceutical Grade

Industrial grade dominates the market

The report has provided a detailed breakup and analysis of the market based on the grade. This includes industrial grade and pharmaceutical grade. According to the report, industrial grade represented the largest segment.

Industrial-grade aluminum hydroxide is used as a filler in the production of various polymers and composites. It enhances the mechanical properties of materials, including stiffness and durability. This is particularly valuable in industries like aerospace, automotive, and construction, where lightweight yet strong materials are required. Industrial-grade aluminum hydroxide also finds applications in water treatment processes. It acts as a coagulant and flocculant to remove impurities, suspended solids, and contaminants from industrial and municipal wastewater.

Breakup by Form:

Powder

Gel

Powder holds the largest share in the market

A detailed breakup and analysis of the market based on the form has also been provided in the report. This includes powder and gel. According to the report, powder accounted for the largest market share as aluminum hydroxide powder is used to relieve symptoms of heartburn, indigestion, and acid reflux by neutralizing excess stomach acid. It is also utilized as an adjuvant in some vaccines that enhance the body's immune response to antigens, making vaccines more effective. Aluminum hydroxide powder is employed in water treatment processes to remove impurities, suspended solids, and contaminants from industrial and municipal wastewater. It acts as a coagulant and flocculant, aiding in the purification of water.

Breakup by Application:

Plastics

Pharmaceuticals

Coatings

Adhesives, Sealants and Elastomers

Others

Plastics holds the biggest share in the market

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes plastics; pharmaceuticals; coatings; adhesives, sealants and elastomers; and others. According to the report, plastics accounted for the largest market share as one of the most critical functions of aluminum hydroxide in plastics is its ability to impart fire resistance. When exposed to high temperatures, aluminum hydroxide releases water vapor. This water vapor serves to cool and dilute flammable gases, effectively retarding the spread of flames. This property is crucial in enhancing the fire safety of plastic products and materials.

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

Asia Pacific exhibits a clear dominance, accounting for the largest aluminum hydroxide market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

The Asia Pacific region is experiencing rapid urbanization and infrastructure development, particularly in countries like China and India. Aluminum hydroxide is used as a flame retardant in construction materials, such as plastics and cables. With the thriving construction industry, there is a high demand for fire-resistant materials, driving the use of aluminum hydroxide. In addition, the Asia Pacific region is known as a manufacturing hub for various industries, including automotive, electronics, and consumer goods. These industries use aluminum hydroxide as a flame retardant and filler in plastic components, as well as in the production of rubber and textiles.

Competitive Landscape:

Key players are focusing on expanding their product offerings and enhancing their manufacturing capabilities. They are investing in research and development (R&D) activities to develop innovative aluminum hydroxide products with improved performance characteristics, catering to various industries' evolving needs. In addition, key manufacturers are working on sustainability initiatives, including efforts to reduce the environmental impact of their production processes. Besides this, they are exploring new applications for their aluminum hydroxide products in niche markets. Furthermore, they are focusing on product innovation to meet stricter regulatory requirements for flame retardant materials in various industries.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

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.

TOR Minerals International Inc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Recent Developments:

In Jan 2022, Huber Engineered Materials, a subsidiary of J.M. Huber Corporation, acquired MAGNIFIN Magnesiaprodukte GmbH & Co. KG ("MAGNIFIN"), which produces premium magnesium hydroxide (MDH) products.

In 2021, Nabaltec AG expanded its production capacities for boehmite at Schwandorf site to meet high demand for lithium ion batteries.

In 2021, Akrochem Corporation acquired Bech Chem, a leading chemical supplier domestically as well as globally, to expand its customer base the paint, coatings and lubricant markets.

Key Questions Answered in This Report

• 1. What was the size of the global aluminum hydroxide market in 2023?
• 2. What is the expected growth rate of the global aluminum hydroxide market during 2024-2032?
• 3. What has been the impact of COVID-19 on the global aluminum hydroxide market?
• 4. What are the key factors driving the global aluminum hydroxide market?
• 5. What is the breakup of the global aluminum hydroxide market based on the grade?
• 6. What is the breakup of the global aluminum hydroxide market based on the form?
• 7. What is the breakup of the global aluminum hydroxide market based on the application?
• 8. What are the key regions in the global aluminum hydroxide market?
• 9. Who are the key players/companies in the global aluminum hydroxide market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Aluminum Hydroxide Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Grade

• 6.1 Industrial Grade
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Pharmaceutical Grade
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by Form

• 7.1 Powder
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Gel
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by Application

• 8.1 Plastics
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Pharmaceuticals
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Coatings
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Adhesives, Sealants and Elastomers
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Others
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia-Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Akrochem Corporation
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
  • 14.3.2 Albemarle Corporation
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 Financials
    • 14.3.2.4 SWOT Analysis
  • 14.3.3 American Elements
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
  • 14.3.4 Bisley & Company Pty Ltd.
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
  • 14.3.5 Hindalco Industries Limited (Aditya Birla Group)
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
    • 14.3.5.3 Financials
  • 14.3.6 J.M. Huber Corporation
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
    • 14.3.6.3 SWOT Analysis
  • 14.3.7 Nabaltec AG
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
    • 14.3.7.3 Financials
  • 14.3.8 Nippon Light Metal Holdings Co. Ltd.
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
    • 14.3.8.4 SWOT Analysis
  • 14.3.9 Showa Denko K. K.
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
    • 14.3.9.3 Financials
    • 14.3.9.4 SWOT Analysis
  • 14.3.10 Sibelco
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio
  • 14.3.11 Sumitomo Chemical Co. Ltd.
    • 14.3.11.1 Company Overview
    • 14.3.11.2 Product Portfolio
    • 14.3.11.3 Financials
    • 14.3.11.4 SWOT Analysis
  • 14.3.12 TOR Minerals International Inc.
    • 14.3.12.1 Company Overview
    • 14.3.12.2 Product Portfolio
    • 14.3.12.3 Financials