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The global aluminum hydroxide market was valued at US$ 1.78 Billion in 2021.
We expect the global aluminum hydroxide market to exhibit a CAGR of 5.20% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for aluminum hydroxide.
The rising adoption of aluminum hydroxide across numerous industries, such as manufacturing, chemical, automotive, etc., owing to its various benefits, such as cost-effectiveness, lightness in weight, durability, and water solubility, is primarily driving the global aluminum hydroxide market.
Based on the grade, the global aluminum hydroxide market can be segmented into industrial grade and pharmaceutical grade. Currently, industrial grade holds the majority of the total market share.
Based on the form, the global aluminum hydroxide market has been divided into powder and gel, where powder currently exhibits a clear dominance in the market.
Based on the application, the global aluminum hydroxide market can be categorized into plastics, pharmaceuticals, coatings, adhesives, sealants and elastomers, and others. Among these, plastics account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global aluminum hydroxide 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., and TOR Minerals International Inc.
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