1. Market Research
  2. > Pharmaceutical
  3. > OTC Market Trends
Aluminum Hydroxide Market - Growth, Trends, and Forecast (2019 - 2024)

Aluminum Hydroxide Market - Growth, Trends, and Forecast (2019 - 2024)

  • August 2019
  • 147 pages
  • ID: 5815093
  • Format: PDF
  • Mordor Intelligence LLP
Up to $750 off Until Sep 30th 2021

Summary

Table of Contents

Search Inside

Market Overview
The market for aluminum hydroxide (Alumina Trihydrate) is anticipated to register a CAGR of 4.86%, in terms of volume, during the forecast period 2019-2024. Major factors driving the market studied include increasing usage in polymer applications, primarily as fire retardants and rise in safety standards in building construction. Increasing health risks, primarily due to exposure to aluminum hydroxide, are expected to hinder the growth of the market studied.

- Industrial grade dominated the market in 2018 and is expected to grow during the forecast period owing to the diverse industrial applications, like flame retardant chemicals, fillers and coatings, adhesives, sealants, and elastomers.
- Increasing usage in batteries and chemicals are expected to act as a growth opportunity for the market studied over the forecast period.

Key Market Trends
Increasing Use in Polymer Applications as Fire Retardants

- Alumina trihydrate is majorly used in plastics as a flame retardant. Almost 50%-60% of the alumina trihydrate produced is being used in the plastics industry.
- In thermoplastics, flame retardant substances are added to the polymer matrix in molten state during extrusion, while in thermosetting plastics, the flame-retardant materials are incorporated in the polymer structure by means of polycondensation or grafting.
- Plastics are being used in different end user industries, owing to the advantages, such as low cost, less weight, durable, water resistant, etc. Some of the major end-user industries include automotive and transportation, construction, and electrical and electronics, among others.
- Growing demand for lightweight and fire-resistant materials in the automotive industry, in order to provide increased efficiency and design flexibility, is primarily responsible for the growth of the plastics market. High-performance plastics offer manufacturers the advantages of design and comparable strength of steel, thus, this helps in reducing the overall weight and controlling greenhouse gas emissions.
- The electrical industry is seeking substitutes for halogens, as flame retardants, due to health, safety, and recycling reasons. The non-halogenated materials are being used as replacement for halogenated materials in electrical applications, such as the insulating elements and housings for circuit breakers, contactors, transformers, and motors.
- The increase in polymer production activities in the Asia-Pacific and European regions is likely to drive the aluminum hydroxide market during the forecast period.

China to dominate in Asia-Pacific

- China dominated the Asia-Pacific’s market in 2018. China has one of the world’s largest chemical markets, and exerts a significant impact on the regional market. There was a rapid growth in cross-border mergers and acquisitions by state-owned enterprises and private entities, as well as outbound greenfield investments, in the recent years.
- During the ongoing 13th five year plan, China’s chemical industry is expected to enter a new stage, which is characterized by green development, industrial upgradation, and structural developments.
- The Chinese healthcare sector is also growing at a rapid pace. As a part of Beijing’s "Made in China 2025" industry plan, President Xi Jinping announced his plans to focus on the innovation and homegrown R&D concerning the pharmaceutical sector.
- China’s largest pharmaceutical company, Jiangsu Hengrui, had a market capitalization of USD 39.8 billion in 2018, which was about half of Johnson & Johnson’s (the largest global pharmaceutical company) market capitalization, i.e., USD 80.7 billion, in the same year.
- All such factors are expected to drive the Chinese aluminum hydroxide market during the forecast period.

Competitive Landscape
The aluminum hydroxide market is fragmented in nature, with several manufacturers across the world. The major companies include Aluminum Corporation of China Limited (Chalco), Nabaltec AG, TOR Minerals International Inc., Huber Engineered Materials, and LKAB Minerals AB.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client’s requirements
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
10% Off

$4250

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2019

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on