Aluminum Hydroxide Market Size (2024 - 2029)

The aluminum hydroxide market is projected to experience growth, driven by its increasing application in polymer industries, particularly as fire retardants, and enhanced safety standards in construction. Despite the temporary setbacks caused by the COVID-19 pandemic, the market's expansion is supported by rising demand in battery and chemical sectors. However, health concerns related to aluminum hydroxide exposure pose challenges to market growth. The Asia Pacific region leads the market due to high plastic demand, notably in China and India.

Home Market Analysis Chemicals & Materials Research Metals and Minerals Research Metals Research Base Metals Research Aluminum Research Aluminum Compounds Research Aluminum Hydroxide Research Aluminum Hydroxide Market Market Size

Market Size of Aluminum Hydroxide Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Aluminum Hydroxide Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Aluminum Hydroxide Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Aluminum Hydroxide Market Analysis

The market for aluminum hydroxide (Alumina Trihydrate) is anticipated to register a CAGR of over 4.5% during the forecast period.

  • COVID-19 moderately impacted industry growth and temporarily halted production. However, post-pandemic, the consumption of aluminum hydroxide is increasing gradually in various industries.
  • Major factors driving the market study include increasing usage in polymer applications, primarily as fire retardants, and a rise in safety standards in building construction. Increasing health risks, primarily due to exposure to aluminum hydroxide, are expected to hinder the market's growth.
  • The rising usage of batteries and chemicals is expected to act as a growth opportunity for the market studied over the forecast period. Asia Pacific dominates the global aluminum hydroxide industry due to the surging plastic demand, especially in countries such as China and India.

Aluminum Hydroxide Industry Segmentation

Aluminum hydroxide is a basic inorganic, white-colored, powered, amphoteric compound. It is also known as hydrate alumina or trihydrate aluminum. Due to its versatile properties, including lightweight and fire resistance, it is widely used in numerous end-user industries, including building and construction, electrical and electronics, automotive, and transportation.

The market is segmented into product type, end-user industry, and geography. By product type, the market is segmented into industrial grade, pharmaceutical grade, and other product types. Based on the end-user industry, the market is segmented into plastics, pharmaceuticals, coatings, adhesives, sealants, elastomers, and other end-user industries. The report also covers the market size and forecasts for the aluminum hydroxide market in 15 countries across major regions.

The market sizing and forecasts for each segment have been done based on volume (Kilotons).

Product Type
Industrial Grade
Pharmaceutical Grade
Other Product Types
End-User Industry
Plastics
Pharmaceuticals
Coatings, Adhesives, Sealants & Elastomers
Other End-User Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Aluminum Hydroxide Market Size Summary

The aluminum hydroxide market, also known as alumina trihydrate, is poised for steady growth, driven by its increasing application as a flame retardant in the plastics industry. This material is extensively utilized in thermoplastics and thermosetting plastics, contributing to the demand for lightweight and fire-resistant materials, particularly in the automotive sector. The market is also influenced by the rising safety standards in building construction and the growing need for non-halogenated flame retardants in the electrical industry. Despite the challenges posed by health risks associated with aluminum hydroxide exposure, the market is expected to benefit from the expanding use of batteries and chemicals. The Asia Pacific region, led by China and India, dominates the global market due to the surging demand for plastics and the region's robust polymer production activities.

The market landscape is characterized by a fragmented structure with numerous manufacturers, including prominent companies like Aluminum Corporation of China Limited (Chalco), Nabaltec AG, and Huber Engineered Materials. The Chinese and Indian markets are particularly significant, with China being a major player in the global chemical and plastics industry. The ongoing industrial upgrades and green development initiatives in China, along with India's rapid growth in the plastics sector, are expected to further propel the aluminum hydroxide market. The increasing demand for eco-friendly solutions and sustainable packaging also presents growth opportunities, aligning with global trends towards sustainability and innovation in material science.

Explore More

Aluminum Hydroxide Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Use in Polymer Applications as Fire Retardants

      2. 1.1.2 Rise in Safety Standards in Building Construction

    2. 1.2 Restraints

      1. 1.2.1 Increasing Health Risks due to Exposure to Aluminum Hydroxide

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Product Type

      1. 2.1.1 Industrial Grade

      2. 2.1.2 Pharmaceutical Grade

      3. 2.1.3 Other Product Types

    2. 2.2 End-User Industry

      1. 2.2.1 Plastics

      2. 2.2.2 Pharmaceuticals

      3. 2.2.3 Coatings, Adhesives, Sealants & Elastomers

      4. 2.2.4 Other End-User Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

        4. 2.3.2.4 Rest of North America

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Aluminum Hydroxide Market Size FAQs

The Aluminum Hydroxide Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)

Aluminum Corporation of China Limited (Chalco), Nabaltec AG, TOR Minerals International Inc., Huber Engineered Materials and LKAB Minerals AB are the major companies operating in the Aluminum Hydroxide Market.

Aluminum Hydroxide Market Report Snapshots

Aluminum Hydroxide Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)