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Global Aluminum Hydroxide Industry

Global Aluminum Hydroxide Industry

  • September 2020
  • 189 pages
  • ID: 5955842
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

Global Aluminum Hydroxide Market to Reach 8.2 Million Metric Tons by 2027

Amid the COVID-19 crisis, the global market for Aluminum Hydroxide estimated at 6.5 Million Metric Tons in the year 2020, is projected to reach a revised size of 8.2 Million Metric Tons by 2027, growing at a CAGR of 3.4% over the analysis period 2020-2027. Chemical, one of the segments analyzed in the report, is projected to record a 3.2% CAGR and reach 3.1 Million Metric Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Flame retardant segment is readjusted to a revised 3.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at 1.7 Million Metric Tons, While China is Forecast to Grow at 6.2% CAGR

The Aluminum Hydroxide market in the U.S. is estimated at 1.7 Million Metric Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 1.7 Million Metric Tons by the year 2027 trailing a CAGR of 6.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Filler Segment to Record 3.8% CAGR

In the global Filler segment, USA, Canada, Japan, China and Europe will drive the 3.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of 388.7 Thousand Metric Tons in the year 2020 will reach a projected size of 487.1 Thousand Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 1.1 Million Metric Tons by the year 2027, while Latin America will expand at a 4.8% CAGR through the analysis period. We bring years of research experience to this 7th edition of our report. The 189-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Aluminum Corporation of China Limited
  • J.M. Huber Corporation
  • Nabaltec AG
  • Showa Denko K.K.
  • Sumitomo Chemical Co., Ltd.
  • The R.J. Marshall Company

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