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Aluminum Hydroxide Market Size, Share, Trends, Demand, Segments, Leading Companies and Forecast till 2031 / Smiths Detection Group Ltd., L3Harris Technologies, Nuctech Company Ltd., Ketech Defence Ltd., Point Security, Inc.

06-10-2024 07:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Aluminum Hydroxide Market Size, Share, Trends, Demand,

The global aluminum hydroxide market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of aluminum hydroxide across various industrial verticals, such as pharmaceuticals, chemical, manufacturing, automotive, electronics, and transportation, owing to the increasing demand for fire retardants in plastics and polymers as coatings and fillers to inhibit combustion. 

The shifting inclination of the electronic industry toward halogens materials for insulating it in housings for circuit breakers, motors, and transforms over non-halogenated components owing to its fire-resistant properties. Thus, the growing electronic industry is contributing significantly to aluminum hydroxide market growth. Electric vehicle (EVs) sales increased in every region as production increased over the past few years. According to the World Economic Forum (WEF), in 2022, global sales of electric cars increased by around 60%, surpassing 10 million for the first time. In 2022, 10.6 million EVs were sold compared to 1.21 million in 2017. Whereas, internal combustion engines cars sales decreased over the past year. According to the WEF, in 2022, 85.09 million internal combustion engines cars were sold compared to 63.2 million in 2017. 

Furthermore, in the pharmaceutical industry, aluminum hydroxide incorporated into various drug formulations, including chewable tablets, suspensions, and oral liquids, to improve patient compliance and ease of administration.  In addition, aluminum hydroxide used in various immunologic preparations to improve immunogenicity, and also used in vaccine binds to the protein conjugate, resulting in improved antigen processing by the immune system. 

To Request a Sample of our Report on Aluminum Hydroxide Market:  https://www.omrglobal.com/request-sample/aluminum-hydroxide-market

Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Type
By End-User Industry 

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- including Smiths Detection Group Ltd., L3Harris Technologies, Nuctech Company Ltd., Ketech Defence Ltd., Point Security, Inc., and others.

Aluminum Hydroxide Market Report Segment

By Type

Industrial Grade
Pharmaceutical Grade
Others

By End-User Industry

Plastics 
Pharmaceuticals
Coatings, Adhesives, Sealants and Elastomers
Others

A full Report of Aluminum Hydroxide Market is Available @  https://www.omrglobal.com/industry-reports/aluminum-hydroxide-market

Aluminum Hydroxide Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Almatis B.V.
Alteo Holding
ALUMINA - CHEMICALS & CASTABLES
AlCircle Pte Ltd (AlCircle),
SCR-Sibelco NV, 
Sumitomo Chemical Co. Ltd
Hindalco (Aditya Birla Management Corp. Pvt. Ltd)
Akrochem Corp.
Huber Corp. 
Sumitomo Chemical Co., Ltd.
Albemarle Corp.
Nashtec LLC
Resonac Group Companies
Avanschem
Radhaji Pharma Chem

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/aluminum-hydroxide-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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