세계의 수산화알루미늄 시장 규모는 2023년 20억 달러에 달했습니다. 앞으로 시장은 2032년까지 30억 달러에 이를 전망이며, 2024년과 2032년 사이에 4.5%의 복합 연간 성장률(CAGR)을 보일 것으로 예상됩니다. 산과 관련된 소화기계 질환의 치료에 제산제의 이용이 증가하고 있는 것, 수질, 오염, 안전한 식수의 필요성에 대한 우려가 높아지고 있는 것, 미용 업계가 제품의 품질과 성능 을 중시하는 경향이 높아지고있는 것은 시장을 추진하는 주요 요인의 일부입니다.
수산화알루미늄은 백색, 비정질, 무취의 분말로, 천연에 존재하는 미네랄이며, 자연계에 존재하는 알루미늄의 가장 일반적인 형태의 하나입니다. 수산화알루미늄은 다양한 산업 분야에서 응용되고 있으며, 주요 용도는 의약품 제산제입니다. 과도한 위산을 중화하는 능력으로 인해 많은 시판약(OTC)과 처방전제산약의 주요 성분이 되고 있습니다.
현재 위장장애와 가슴앓이 관련 문제의 유병률 증가가 시장 성장에 기여하고 있습니다. 이 외에 수산화알루미늄은 불순물을 제거하여 수질을 개선하는 수처리 공정에도 이용되고 있습니다. 수질 오염에 대한 우려 증가와 깨끗한 식수의 필요성은 시장 성장을 더욱 강화하고 있습니다. 또한 건설 업계와 자동차업계에서는 플라스틱, 케이블 등의 재료에 난연제로서 수산화알루미늄을 사용하고 있습니다. 이러한 분야에서는 난연성에 관한 안전규제가 엄격하고 시장의 성장을 가속하고 있습니다. 게다가 수산화알루미늄은 증점제로서 화장품이나 스킨케어 제품에 채용되어 부드러운 질감을 제공합니다. 미용 산업이 제품의 품질과 성능을 중시하는 것은 수산화 알루미늄 수요를 자극하고 있습니다.
의약품 수요 증가
제약 산업은 세계의 수산화 알루미늄 시장의 중요한 촉진요인입니다. 수산화알루미늄의 주요 용도는 가슴앓이 및 소화불량과 같은 산과 관련된 소화기계 질환을 치료하기 위한 다양한 의약품에 포함된 제산제로 시장의 성장을 가속하고 있습니다. 라이프 스타일과 식습관의 변화로 인한 이러한 질병의 유병률 증가는 시장 성장을 더욱 강화하고 있습니다. 또한, 백신 보조제에서 수산화알루미늄을 사용하면 제약 분야, 특히 세계의 백신 개발 및 유통에서 수산화알루미늄의 입지를 강화하고 있습니다.
수처리 공장에서 불순물 제거 요구 증가
수산화알루미늄은 세계의 수처리 공정에서 중요한 역할을 합니다. 중금속이나 부유물질 등의 불순물이나 오염물질을 공업폐수나 도시폐수로부터 제거하기 위해서 이용되고 있습니다. 또한 수질, 오염, 안전한 식수의 필요성에 대한 우려가 증가함에 따라 전 세계적으로 수산화알루미늄 기반 처리 솔루션의 채택이 증가하고 있습니다. 게다가 특히 물 부족과 오염 문제에 직면한 지역에서는 음료수 세척에 수산화알루미늄의 사용이 증가하여 시장 성장을 강화하고 있습니다.
난연성 솔루션 수요 증가
건설 업계와 자동차업계는 난연제로서 수산화알루미늄을 이용하여 시장의 성장을 뒷받침하고 있습니다. 수산화알루미늄은 플라스틱, 케이블, 단열재 등의 재료에 배합되어 난연성을 높이고 있습니다. 이 분야에서는 화재 안전에 관한 안전규제와 기준이 엄격해지기 때문에 수산화알루미늄계 난연제의 사용이 증가하고 있습니다. 게다가 난연제로서 수산화알루미늄 수요는 세계의 제조업체들에게 안전성이 최우선 과제가 되고 있기 때문에 성장하고 있습니다.
The global aluminum hydroxide market size reached US$ 2.0 Billion in 2023. Looking forward, the market is expected to reach US$ 3.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032. The growing utilization of antacid to treat acid-related digestive disorders, increasing concerns about water quality, pollution, and the need for safe drinking water, and rising emphasis of beauty industry on product quality and performance are some of the major factors propelling the market.
Aluminum hydroxide is a white, amorphous, and odorless powder that is a naturally occurring mineral and one of the most common forms of aluminum found in nature. It has several applications across various industries, with its primary use being as an antacid in medicine. Its ability to neutralize excess stomach acid makes it a key ingredient in many over-the-counter (OTC) and prescription antacid medications.
At present, the growing prevalence of gastrointestinal disorders and heartburn-related issues is contributing to the growth of the market. Besides this, aluminum hydroxide is utilized in water treatment processes to remove impurities and improve water quality. Increasing concerns about water pollution and the need for clean drinking water is further propelling the market growth. In addition, the construction and automotive industries use aluminum hydroxide as a flame retardant in materials, such as plastics and cables. Stringent safety regulations regarding fire resistance in these sectors are impelling the market growth. Moreover, aluminum hydroxide is employed in cosmetics and skincare products as a thickening agent and to provide a smooth texture. The emphasis of beauty industry on product quality and performance is catalyzing the demand for aluminum hydroxide.
Increasing demand for pharmaceutical products
The pharmaceutical industry is a significant driver of the global aluminum hydroxide market. Aluminum hydroxide's primary use as an antacid in various medications to treat acid-related digestive disorders, such as heartburn and indigestion, is propelling the growth of the market. The increasing prevalence of these conditions due to changing lifestyles and dietary habits is further bolstering the market growth. Additionally, the use of aluminum hydroxide in vaccine adjuvants is strengthening its position in the pharmaceutical sector, particularly during vaccine development and distribution around the world.
Rising need to remove impurities in water treatment plants
Aluminum hydroxide plays a vital role in water treatment processes worldwide. It is utilized to remove impurities and pollutants, such as heavy metals and suspended solids, from industrial and municipal wastewater. In addition, the growing concerns about water quality, pollution, and the need for safe drinking water is increasing the adoption of aluminum hydroxide-based treatment solutions around the world. Furthermore, the rising utilization of aluminum hydroxide in cleaning drinking water, especially in regions facing water scarcity and contamination challenges is strengthening the growth of the market.
Growing demand for flame retardant solutions
The construction and automotive industries rely on aluminum hydroxide as a flame retardant, which is bolstering the growth of the market. Aluminum hydroxide is incorporated into materials like plastics, cables, and insulation to enhance fire resistance. Stricter safety regulations and standards regarding fire safety in these sectors push for increasing usage of aluminum hydroxide-based flame retardants. Furthermore, the demand for aluminum hydroxide as a flame retardant is growing as safety remains a top priority for manufacturers across the globe.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on grade, form and application.
Industrial Grade
Pharmaceutical Grade
Industrial grade dominates the market
The report has provided a detailed breakup and analysis of the market based on the grade. This includes industrial grade and pharmaceutical grade. According to the report, industrial grade represented the largest segment.
Industrial-grade aluminum hydroxide is used as a filler in the production of various polymers and composites. It enhances the mechanical properties of materials, including stiffness and durability. This is particularly valuable in industries like aerospace, automotive, and construction, where lightweight yet strong materials are required. Industrial-grade aluminum hydroxide also finds applications in water treatment processes. It acts as a coagulant and flocculant to remove impurities, suspended solids, and contaminants from industrial and municipal wastewater.
Powder
Gel
Powder holds the largest share in the market
A detailed breakup and analysis of the market based on the form has also been provided in the report. This includes powder and gel. According to the report, powder accounted for the largest market share as aluminum hydroxide powder is used to relieve symptoms of heartburn, indigestion, and acid reflux by neutralizing excess stomach acid. It is also utilized as an adjuvant in some vaccines that enhance the body's immune response to antigens, making vaccines more effective. Aluminum hydroxide powder is employed in water treatment processes to remove impurities, suspended solids, and contaminants from industrial and municipal wastewater. It acts as a coagulant and flocculant, aiding in the purification of water.
Plastics
Pharmaceuticals
Coatings
Adhesives, Sealants and Elastomers
Others
Plastics holds the biggest share in the market
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes plastics; pharmaceuticals; coatings; adhesives, sealants and elastomers; and others. According to the report, plastics accounted for the largest market share as one of the most critical functions of aluminum hydroxide in plastics is its ability to impart fire resistance. When exposed to high temperatures, aluminum hydroxide releases water vapor. This water vapor serves to cool and dilute flammable gases, effectively retarding the spread of flames. This property is crucial in enhancing the fire safety of plastic products and materials.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific exhibits a clear dominance, accounting for the largest aluminum hydroxide market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
The Asia Pacific region is experiencing rapid urbanization and infrastructure development, particularly in countries like China and India. Aluminum hydroxide is used as a flame retardant in construction materials, such as plastics and cables. With the thriving construction industry, there is a high demand for fire-resistant materials, driving the use of aluminum hydroxide. In addition, the Asia Pacific region is known as a manufacturing hub for various industries, including automotive, electronics, and consumer goods. These industries use aluminum hydroxide as a flame retardant and filler in plastic components, as well as in the production of rubber and textiles.
Key players are focusing on expanding their product offerings and enhancing their manufacturing capabilities. They are investing in research and development (R&D) activities to develop innovative aluminum hydroxide products with improved performance characteristics, catering to various industries' evolving needs. In addition, key manufacturers are working on sustainability initiatives, including efforts to reduce the environmental impact of their production processes. Besides this, they are exploring new applications for their aluminum hydroxide products in niche markets. Furthermore, they are focusing on product innovation to meet stricter regulatory requirements for flame retardant materials in various industries.
Akrochem Corporation
Albemarle Corporation
American Elements
Bisley & Company Pty Ltd.
Hindalco Industries Limited (Aditya Birla Group)
J.M. Huber Corporation
Nabaltec AG
Nippon Light Metal Holdings Co. Ltd.
Showa Denko K. K.
Sibelco
Sumitomo Chemical Co. Ltd.
TOR Minerals International Inc.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
In Jan 2022, Huber Engineered Materials, a subsidiary of J.M. Huber Corporation, acquired MAGNIFIN Magnesiaprodukte GmbH & Co. KG ("MAGNIFIN"), which produces premium magnesium hydroxide (MDH) products.
In 2021, Nabaltec AG expanded its production capacities for boehmite at Schwandorf site to meet high demand for lithium ion batteries.
In 2021, Akrochem Corporation acquired Bech Chem, a leading chemical supplier domestically as well as globally, to expand its customer base the paint, coatings and lubricant markets.