Global Aluminum Hydroxide Market - Segmented by Product Type, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)

  • ID: 4514978
  • Report
  • Region: Global
  • 149 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Albemarle Corporation
  • Alfa Aesar
  • American Elements
  • BN Industries
  • Nabaltec AG
  • Showa Denko K.K.
  • MORE
The global aluminum hydroxide market is expected to witness a CAGR of approximately 4.6% during the forecasted period. The major factor driving the market is the rapid increase in demand for aluminum compounds and the increasing usage in polymer applications, as fire retardants.

Growing Usage in Fire Retardants

Aluminum hydroxides find application as fire retardants in polymer applications, as these compounds address the need for safety, durability, and insulation in many applications. It is used as a fire retardant similar to magnesium hydroxide for polymer applications, since it decomposes at around 18000 Celsius, and absorbs a huge amount of heat energy during this process in order to emit water vapor. Aluminum hydroxide is also used as a smoke suppressant for a wide range of polymers, such as, polyesters, acrylics, rubber, and PVC. With the increase in concerns for fire accidents, the demand for fire retardants is expected to grow at a great pace. This, in turn, is expected to drive the market for aluminum hydroxide during the forecast period.

Pharmaceuticals Dominates the Market

Aluminum hydroxide is majorly used as an antacid in the pharmaceutical sector. It primarily aids in reducing acidity, which if left unattended, further alleviates the symptoms of ulcers, or dyspepsia, and heartburn. There has been a significant rise in the demand for such medications due to the enormous growth in the number of general health issues, primarily due to changing lifestyle and food habits. Consequently, increasing the demand for aluminum hydroxide in the manufacturing of antacids, in the pharmaceutical sector.

Asia-Pacific Dominating the Market

Asia-Pacific is expected to witness the highest demand for aluminum hydroxide during the forecast period. Most of the demand is expected to arise from developing economies, including China, India, Malaysia, and Indonesia. This is majorly owing to the increase in safety concerns in these countries. The flame-retardants market in China has been growing at a rapid pace, owing to the policy requirements in the country. Hence, these factors are expected to boost the demand for aluminum hydroxide from the retardants segment in Asia-Pacific. North America is expected to witness the second highest demand followed by Europe. Various regulators, such as CEPA in Canada, EPA in the United States, and WEEE and REACH in Europe, lay down various legislations for safety of buildings, environment, and consumers by regulating the policies pertaining to flame-retardants.

Key Developments in the Market

March 2017: Nabaltec AG has concluded an agreement to acquire the 49% membership interest in the Nashtec LLC joint venture held by Allied Alumina LLC, an affiliate of Sherwin Alumina Company LLC

The Major players include – Albemarle Corporation, P S Corporation, Showa Denko, Sumitomo Chemical and Nabeltec AG, amongst others.

Reason to Purchase this Report
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating process type and filler used in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identifying the latest developments, market shares and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Albemarle Corporation
  • Alfa Aesar
  • American Elements
  • BN Industries
  • Nabaltec AG
  • Showa Denko K.K.
  • MORE
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report

2. Executive Summary

3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Feedstock Analysis
3.3.1 Global Capacity by Key Feedstock
3.3.2 Trends
3.4 Technological Snapshot
3.4.1 Production Process
3.4.2 Technology Licensing and Patent Analysis
3.5 Trade Analysis
3.6 Price Index
3.7 Supply Scenario
3.7.1 Capacity and Production Analysis
3.8 Upcoming Projects & Capital Expenditure
3.9 Regulatory Policy Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Growing Demand for Aluminum Compounds
4.1.2 Increasing Use in Polymer applications as Fire Retardants
4.2 Restraints
4.2.1 Existence of Subtitutes, such as, Magnesium Hydroxide
4.2.2 Other Restraints
4.3 Opportunity
4.3.1 Burgeoning Potential in Pharmaceutical Applications
4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Share, and Forecast)
5.1 By Product Type
5.1.1 Industrial Grade
5.1.2 Pharmaceutical Grade
5.1.3 Others
5.2 By End-user Industry
5.2.1 Chemicals
5.2.2 Pharmaceuticals
5.2.3 Others

6. Regional Market Analysis (Market Size, Share, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 NORDIC Countries
6.3.6 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Future of the Market

8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
9.1 Albemarle Corporation
9.2 ALCOA WORLD ALUMINA, LLC
9.3 Alfa Aesar
9.4 Almatis
9.5 American Elements
9.6 Bisley & Company Pty Ltd
9.7 BN Industries
9.8 Huber Engineered Materials
9.9 KUNJAN SILICATE PVT. LTD.
9.10 Nabaltec AG
9.11 P S Corporation
9.12 Showa Denko K.K.
9.13 Sumitomo Chemical
9.14 Taurus Chemicals Pvt. Ltd.
*List not exhaustive

10. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
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  • Albemarle Corporation
  • ALCOA WORLD ALUMINA LLC
  • Alfa Aesar
  • Almatis
  • American Elements
  • Bisley & Company Pty Ltd
  • BN Industries
  • Huber Engineered Materials
  • KUNJAN SILICATE PVT. LTD.
  • Nabaltec AG
  • P S Corporation
  • Showa Denko K.K.
  • Sumitomo Chemical
  • Taurus Chemicals Pvt. Ltd.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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