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According to the latest research report, the global aluminum hydroxide market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
The global aluminum hydroxide market is currently being significantly driven by the pharmaceutical industry. The primary use of aluminum hydroxide as an antacid in various medications to treat acid-related digestive disorders, such as heartburn and indigestion, is continuously propelling market growth. Ongoing changes in lifestyles and dietary habits leading to an increasing prevalence of these conditions are further contributing to the continuous growth of the market. Additionally, the use of aluminum hydroxide in vaccine adjuvants is actively strengthening its position in the pharmaceutical sector, particularly during the ongoing development and distribution of vaccines worldwide.
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