Aluminum Hydroxide Market Set for Rapid Growth and Trend by 2023 – Worldwide Top Key Players – Albemarle, ALCOA WORLD ALUMINA, Alfa Aesar, Almatis, American Elements, Bisley, BN Industries

Marketprognosis.com Publish a New Market Research Report On “Global Aluminum Hydroxide Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Aluminum Hydroxide Market:

The Global Aluminum Hydroxide Market is expected to witness a CAGR of approximately 4.6% during the forecasted period. The major factor driving the market is the rapid increase in demand for aluminum compounds and the increasing usage in polymer applications, as fire retardants.

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Aluminum hydroxides find application as fire retardants in polymer applications, as these compounds address the need for safety, durability, and insulation in many applications. It is used as a fire retardant similar to magnesium hydroxide for polymer applications, since it decomposes at around 18000 Celsius, and absorbs a huge amount of heat energy during this process in order to emit water vapor. Aluminum hydroxide is also used as a smoke suppressant for a wide range of polymers, such as, polyesters, acrylics, rubber, and PVC. With the increase in concerns for fire accidents, the demand for fire retardants is expected to grow at a great pace. This, in turn, is expected to drive the market for aluminum hydroxide during the forecast period.

Aluminum hydroxide is majorly used as an antacid in the pharmaceutical sector. It primarily aids in reducing acidity, which if left unattended, further alleviates the symptoms of ulcers, or dyspepsia, and heartburn. There has been a significant rise in the demand for such medications due to the enormous growth in the number of general health issues, primarily due to changing lifestyle and food habits. Consequently, increasing the demand for aluminum hydroxide in the manufacturing of antacids, in the pharmaceutical sector.

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Asia-Pacific is expected to witness the highest demand for aluminum hydroxide during the forecast period. Most of the demand is expected to arise from developing economies, including China, India, Malaysia, and Indonesia. This is majorly owing to the increase in safety concerns in these countries. The flame-retardants market in China has been growing at a rapid pace, owing to the policy requirements in the country. Hence, these factors are expected to boost the demand for aluminum hydroxide from the retardants segment in Asia-Pacific. North America is expected to witness the second highest demand followed by Europe. Various regulators, such as CEPA in Canada, EPA in the United States, and WEEE and REACH in Europe, lay down various legislations for safety of buildings, environment, and consumers by regulating the policies pertaining to flame-retardants.

Major Key Players:

1 Albemarle Corporation

2 ALCOA WORLD ALUMINA, LLC

3 Alfa Aesar

4 Almatis

5 American Elements

6 Bisley & Company Pty Ltd

7 BN Industries

8 Huber Engineered Materials and More…………..

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Aluminum Hydroxide Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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