Transparency Market Research in its new report titled, “Aluminum Hydroxide Ester Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the aluminum hydroxide ester market. The TMR report anticipates that the rise in demand for aluminum hydroxide in medical applications and extensive use of aluminum hydroxide in the cosmetics industry will drive the aluminum hydroxide ester market during the forecast period i.e, 2018-2026. This is prompting companies to increase production of these materials. Additionally, easy availability of raw materials is anticipated to boost the demand for Aluminum Hydroxide Ester Market in the near future. The global Aluminum Hydroxide Ester Market is witnessing technological advancements. Companies are constantly striving to develop new and better ways to manufacture these materials. Development of new manufacturing processes of aluminum hydroxide and applications is estimated to propel the market. However, volatility in prices of raw materials is projected to hamper the market, says the report.
According to the report, aluminum hydroxide is majorly employed in medical applications. It is available in the form of a white powder or granules with density of about 2.42 g per mL. It is not soluble in water. Aluminum hydroxide should be handled with care. It can cause medium irritation when exposed to air. Aluminum hydroxide is used as mordant for water purifiers, dyes, and cosmetic ingredients. It is chemically stable and nonflammable. Thus, it is an ideal material for use in flame retardants. Aluminum hydroxide is also used as feedstock in the manufacture of other aluminum compounds such as specialty calcined alumina, aluminum chloride, aluminum sulfate, sodium aluminate, zeolites, polyaluminum chloride, and aluminum nitrate.
The TMR report has segregated the aluminum hydroxide ester market based on end-use industry and geography. In terms of end-use industry, the aluminum hydroxide ester market is divided into chemical, personal care, pharmaceutical, and others. Among these, the pharmaceutical segment dominates the aluminum hydroxide ester market owing to the extensive use of aluminum hydroxide in oral pharmaceutical applications in emerging economies such as India and China. Based on geography, the aluminum hydroxide ester market is split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute key share of the aluminum hydroxide ester market during the forecast period. The aluminum hydroxide ester market in Asia Pacific is estimated to expand at a significant pace owing to the rise in demand for aluminum hydroxide in the pharmaceutical industry in the region. Middle East & Africa is likely to be an attractive region of the aluminum hydroxide ester market during the forecast period due to the increase in demand for this chemical in personal care industry in the region.
Some of the prominent players operating in the global aluminum hydroxide ester market are profiled in this report to give a better competitive analysis and these include KUNJAN SILICATE PVT. LTD, Radhaji Pharma Chem, Nabaltec AG, Mercator Pharma, and Parchem fine & specialty chemicals.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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