Aluminum Hydroxide Market annual growth rate is 4.1 percent
The growing need for Aluminum hydroxide in medical applications and the intensive use of in the cosmetic industry are factors that are increasing the market demand for global aluminum hydroxide market. However, volatility in commodity prices is expected to hamper the market.
Aluminum Hydroxide Market Size and Growth Rate:
Aluminum Hydroxide Market is expected to grow at a CAGR of 4.1% during the forecast period 2017 to 2021.
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Aluminum Hydroxide Market Growth Drivers and Restraints:
The global market for aluminum hydroxide is experiencing technological advances. Companies constantly strive to develop new and better methods of manufacturing these materials. It is expected that the development of new processes and applications of aluminum hydroxide manufacturing will boost the market. However, volatility in commodity prices is expected to hamper the market.
Geographical Presence of Aluminum Hydroxide Market:
The Middle East and Africa is expected to be an attractive region for the Aluminum hydroxide market during the forecast period due to the increased demand for this chemical in the personal care industry of the region.
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Key Players of Aluminum Hydroxide Market:
Some of the leading market players of Aluminum Hydroxide Market are Sumitomo Chemical, Aluminum Corp of China, Alfa Aesar, Huber Engineered Materials, Nabaltec, Albemarle Corporation, P S Corporation, Showa Denko and others.
Aluminum Hydroxide Market Segmentation:
By Product:
- Industrial Grade
- Pharmaceutical Grade
By End Users/Applications:
- Chemicals Industry
- Pharmaceutical
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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