Aluminum Hydroxide Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Product Type (Industrial Grade, Pharmaceutical Grade, and Other Product Types), End-user Industry (Plastics, Pharmaceuticals, Coatings, Adhesives, Sealants & Elastomers, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

Greater Than 4.5 %

Major Players:

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Market Overview

The market for aluminum hydroxide (Alumina Trihydrate) is anticipated to register a CAGR of over 4.5%, in terms of volume. 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 and is expected to expand at a fastest rate 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.

Scope of the Report

The aluminum hydroxide market report includes:

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 & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Plastics Segment to Dominate the Market

  • Alumina trihydrate is majorly used in plastics as a flame retardant. Almost 40% of the alumina trihydrate produced is being used in the plastics industry.
  • In thermoplastics, flame retardant substances are added to the polymer matrix in a 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 a 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.

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China to dominate in Asia-Pacific

  • China dominated the Asia-Pacific market. 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 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 up-gradation, 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.
  • Such factors are expected to drive the Chinese aluminum hydroxide market during the forecast period.

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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, among others.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Use in Polymer Applications as Fire Retardants

      2. 4.1.2 Rise in Safety Standards in Building Construction

    2. 4.2 Restraints

      1. 4.2.1 Increasing Health Risks due to Exposure to Aluminum Hydroxide

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Industrial Grade

      2. 5.1.2 Pharmaceutical Grade

      3. 5.1.3 Other Product Types

    2. 5.2 End-user Industry

      1. 5.2.1 Plastics

      2. 5.2.2 Pharmaceuticals

      3. 5.2.3 Coatings, Adhesives, Sealants & Elastomers

      4. 5.2.4 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

        4. 5.3.2.4 Rest of North America

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Almatis

      2. 6.4.2 Alteo

      3. 6.4.3 ALUMINA - CHEMICALS & CASTABLES

      4. 6.4.4 Aluminum Corporation of China Ltd (Chalco)

      5. 6.4.5 MAL - Magyar Alumnium

      6. 6.4.6 Nabaltec AG

      7. 6.4.7 Sumitomo Chemical Co. Ltd

      8. 6.4.8 Huber Materials

      9. 6.4.9 Sibelco

      10. 6.4.10 LKAB Minerals AB

      11. 6.4.11 TOR Minerals International, Inc.

      12. 6.4.12 Akrochem Corporation

      13. 6.4.13 Hindalco (Aditya Birla Management Corporation Pvt. Ltd)

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Usage in Batteries and Chemicals

** Subject to Availability

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