Aluminum hydroxide is an inorganic basic compound which is amphoteric in nature. Aluminum hydroxide is found in nature in the form mineral gibbsite. Generally aluminum hydroxide is white colored powder in nature. Aluminum hydroxide is also known under the name of hydrate of alumina or aluminum trihydrate. Aluminum hydroxide is one of the important component in aluminum ore i.e. bauxite. The freshly precipitated aluminum hydroxide is present in the form of gel. Commercially aluminum hydroxide is produced by Bayer’s process in which bauxite is dissolved into sodium hydroxide and the temperature is maintained upto270?C. Aluminum hydroxide is used as a raw material for the production of various aluminum based compounds such as aluminum chlorides, zeolites, aluminum oxide etc.
The global aluminum hydroxide market is expected to reach a valuation of US$ 2.8 Billion, exhibiting a CAGR of 5% over the forecast period 2022-2032.
Aluminum hydroxide is an important part of the aluminum hydroxide market. Aluminum hydroxide is used as a flocculent in water purification process. Aluminum hydroxide is also finding its application as an adsorbent or desiccant in gas purification process. In pharmaceutical industry aluminum hydroxide is used in the formulation of antacids due to its basic properties. Aluminum hydroxide is also used as filler material for fire retardants.
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Aluminum Hydroxide Market: Dynamics
Polymers and plastics play a crucial role in this swiftly advancing modern industrial world, to increase the durability and enhance the properties of the plastics polymers various additives such as flame retardants are being used. Increasing consumption of plastics polymers is uprising the demand for fire retardants, which is a prime factor driving the growth of aluminum hydroxide market. Increasing water pollution and increased environmental concern has elevated the need for waste water treatment, owing to which there rise in the demand for aluminum hydroxide.
Up surged consumption of cosmetics and personal care products is positively influencing the aluminum hydroxide market. Swift growth of chemicals and paper printing ink industry is a positive impact for the aluminum hydroxide market. Rising population increased urbanization has led to the growth of textile industry which in turn has resulted into the growth of aluminum hydroxide market. Adaptation of hard and fast lifestyle has resulted into the increase in the problems such as acidity. Due to which, antacids are one of the popular medicine amongst the consumers, rising uptake of antacids is fueling the demand for aluminum hydroxide.
Aluminum Hydroxide Market: Key Participants
Examples of some of the market participants operating in the global aluminum hydroxide market are
- Magxid Fine Chem
- Sumitomo Chemical Co., Ltd.
- Albemarle Corporation
- Radhaji Pharma Chem
- P J Chemicals
- Avanschem
- Showa Denko
- Nabeltec AG
- Huber Engineered Materials
- Nashtec LLC
- MAL Hungarian Aluminium
- Hindalco Chemicals
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