Market Size of Aluminum Hydroxide Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aluminum Hydroxide Market Analysis
The market for aluminum hydroxide (Alumina Trihydrate) is anticipated to register a CAGR of over 4.5% during the forecast period.
- COVID-19 moderately impacted industry growth and temporarily halted production. However, post-pandemic, the consumption of aluminum hydroxide is increasing gradually in various industries.
- Major factors driving the market study include increasing usage in polymer applications, primarily as fire retardants, and a rise in safety standards in building construction. Increasing health risks, primarily due to exposure to aluminum hydroxide, are expected to hinder the market's growth.
- The rising usage of batteries and chemicals is expected to act as a growth opportunity for the market studied over the forecast period. Asia Pacific dominates the global aluminum hydroxide industry due to the surging plastic demand, especially in countries such as China and India.
