PUBLISHER: Orion Market Research | PRODUCT CODE: 1755421
PUBLISHER: Orion Market Research | PRODUCT CODE: 1755421
Global Aluminum Hydroxide Market Size, Share & Trends Analysis Report by Type (Industrial Grade, Pharmaceutical Grade, and Others, and by End-User Industry (Plastics, Pharmaceuticals, Coatings, Adhesives, Sealants and Elastomers, and Others), Forecast Period (2025-2035)
Aluminum hydroxide market is projected to grow at a CAGR of 6.4% during the forecast period (2025-2035). The market expansion is driven by the increasing demand for aluminum hydroxide within the pharmaceutical industry, specifically for treating gastrointestinal disorders. The variety of cases of digestive diseases is increasing including peptic ulcers, gastritis, and acid reflux disorder, that are contributing drastically to the development of the marketplace. To sustain growth in the aluminum hydroxide market, key players are focusing on product innovation, improved formulation for medical applications, and expanded usage in industries such as flame retardants, water treatment, and plastics. Aluminum hydroxide serves a vital role in neutralizing excess stomach acid, providing relief from gastric hyperacidity, and is a key component in antacid formulations.
The global aluminum hydroxide market is segmented based on its type and end-user industry. Based on its type, the market is sub-segmented into industrial grade, pharmaceutical grade, and others (reagent grade). Further, based on the end-user industry, the market is sub-segmented into plastics, pharmaceuticals, coatings, adhesives, sealants and elastomers, and others (chemical). Among the type's segments, the industrial grade sub-segment is anticipated to hold a prominent market share, since aluminum hydroxide is increasingly used as a buffering agent in a variety of industrial processes, including agriculture, food processing, medicine, and photography.
The pharmaceutical sub-segment is anticipated to hold a prominent share in the global aluminum hydroxide market. It is driven by factors such as increasing the old-age population, where increasing aging populations, increasing awareness about digestive health, and increasing prevalence of conditions such as acid reflux, gastroesophageal reflux disease (GERD), and factors such as peptic ulcers are contributing to the development of the segment. The chemical properties of aluminum hydroxide, including its incompatibility in water and organic solvents, make it an effective antacid by neutralizing gastric hydrochloric acid. Additionally, with an increase in digestive health and increasing demand for over-the-counter (OTC) antacid drugs, the pharmaceutical sub-segment is ready to maintain a strong market presence in the forecast period. For instance, in December 2023, the World Journal of Gastrointestinal Endoscopy Studies highlighted that GERD is the most common upper gastrointestinal disorder in the elderly, with a prevalence of 10.0%-20.0% in Western countries. The study further emphasized that elderly patients with GERD are at a higher risk of severe complications, including erosive esophagitis, esophageal stricture, and Barrett's esophagus.
The global aluminum hydroxide market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, Russia, and Others), Asia-Pacific (India, China, Japan, South Korea, ASEAN Countries, Australia & New Zealand, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). Among these, North America is estimated to hold a major share over the forecast period, owing to the increasing usage in polymer applications, mainly as fire retardants, and increasing safety standards in building construction.
The Asia-Pacific region is projected to witness sufficient growth in the global aluminum hydroxide market for the forecast period. This regional expansion is mainly inspired by increasing aluminum hydroxide as flame retardation in industries such as construction, motor vehicles, and electronics to follow strict fire-safety rules. This rapid demand for fire-fighting materials, in collaboration with rapid industrialization and urbanization, is contributing further to the development of the market. Certainly, countries such as China, Japan, and India play an important role in the regional markets driven by their expanded manufacturing sectors and have increased investment in infrastructure development. This ongoing progress in flame retardant applications, along with increasing emphasis on safety standards and environmental regulations, has increased the demand for aluminum hydroxide in the Asia-Pacific region.
The major companies serving the global aluminum hydroxide market include Alcoa Corp., Alumina Chemicals & Castables, Almatis B.V., Alteo Holding, Nabaltec AG, Huber Corp., BASF SE, and others. These market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.
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