During the first half of 2023, global Aluminum Hydroxide prices exhibited fluctuating trends across regions. In Asia, prices were influenced by varying patterns in bauxite and sodium hydroxide costs, coupled with weak demands from downstream sectors like pharma and adhesives. Europe experienced similar volatility due to falling bauxite and sodium hydroxide prices, exacerbated by the Russia-Ukraine conflict and economic troubles in Germany. Likewise, North America followed suit, with modest price shifts and sporadic upticks in downstream industries. Despite regional variations, Aluminum Hydroxide markets generally faced mixed sentiments and demand challenges throughout the period.
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Definition
Aluminum hydroxide is a compound composed of aluminum, hydrogen, and oxygen ions. It’s a white, amorphous powder with antacid properties and is commonly used in medicine to treat conditions like heartburn and indigestion. It works by neutralizing excess stomach acid. In addition to its medical applications, aluminum hydroxide is used as a flame retardant in plastics, a filler in the production of rubber, and as a component in the manufacturing of various products, including ceramics, paper, and cosmetics. Its ability to react with acids and its fire-resistant nature make it a versatile and valuable compound in various industries.
Key Details About the Aluminum Hydroxide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Aluminum Hydroxide in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Aluminum Hydroxide Price chart, including India Aluminum Hydroxide price, USA Aluminum Hydroxide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Aluminum Hydroxide Price Trend:
Aluminum hydroxide finds diverse industrial applications. In medicine, it serves as an antacid to alleviate heartburn and stomach acidity. Its flame-retardant properties make it a valuable component in plastics, textiles, and coatings, enhancing fire safety in various products. In the realm of water treatment, it aids in the removal of impurities like heavy metals. Aluminum hydroxide also functions as a filler in the production of paper, rubber, and ceramics, improving material properties. Its versatility extends to catalysts in chemical processes and as an ingredient in cosmetics. These multifaceted uses highlight aluminum hydroxide’s significance across industries.
Key Players:
- Aluminum Corporation of China Limited (Chalco)
- Nabaltec AG
- TOR Minerals International Inc.
- Huber Engineered Materials
- LKAB Minerals AB
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