Aluminum hydroxide price May 2024 and outlook (see chart below)
- North America:US$0.59/KG, 3.5% up
- Europe:US$0.69/KG, 3% up
- South America:US$0.27/KG, 3.8% up
- Northeast Asia:US$0.55/KG, 3.8% up
Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, or timeliness.
Aluminum hydroxide price index
This post is a summary of the Aluminum hydroxide price developments. The price developments of Aluminum hydroxide are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Aluminum hydroxide price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for potassium Aluminum hydroxide prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Aluminum hydroxide prices
- Recent price developments of underlying feedstocks which drive the price of Aluminum hydroxide
- Market futures for both cost drives and feedstocks of Aluminum hydroxide prices
- Adjustment of current supply/demand imbalances in the Aluminum hydroxide market
- Longer term trends in likely demand conditions
Further information on the Aluminum hydroxide price chart
What is Aluminum Hydroxide
Aluminum hydroxide is a chemical compound with the chemical formula Al(OH)3. It is also known as hydrated alumina or alumina trihydrate.
Aluminum hydroxide is a white, powdery substance that is insoluble in water. It is commonly used as an antacid to treat symptoms of heartburn, indigestion, and other digestive disorders. When ingested, it reacts with stomach acid to form aluminum salts, which can neutralize excess acid in the stomach.
In addition to its use as an antacid, aluminum hydroxide is also used as a filler in the production of plastics, rubber, and other materials. It is also used in water treatment as a flocculant to help remove impurities from drinking water.
Aluminum hydroxide is considered to be safe for most people when used as directed. However, in rare cases, it may cause side effects such as constipation, diarrhea, or stomach cramps. People with kidney disease or other health conditions should talk to their doctor before using aluminum hydroxide as an antacid.
What is Aluminum Hydroxide used for
Aluminum hydroxide is a compound that is commonly used in medicine, industry, and as a fire retardant. Here are some common uses:
Antacid
Aluminum hydroxide is used as an antacid to treat heartburn, acid indigestion, and sour stomach.
Vaccine adjuvant
It is used as an adjuvant in vaccines to enhance the body’s immune response to the vaccine.
Water treatment
It is used in water treatment to remove impurities such as suspended solids, organic matter, and bacteria.
Flame retardant
Aluminum hydroxide is used as a flame retardant in various materials including plastics, rubber, and textiles.
Industrial uses
It is used in the production of aluminum metal, ceramics, and glass.
Cosmetics
Aluminum hydroxide is used in some cosmetics as an absorbent, emulsifier, and thickening agent.
Other medical uses
It is also used in the treatment of kidney disease, phosphate-binding therapy, and as a topical astringent for the treatment of skin irritations.
What types of Aluminum Hydroxide are there
There are several types of aluminum hydroxide, each with different properties and uses. The three main types of aluminum hydroxide are:
Gibbsite
Gibbsite is the most common form of aluminum hydroxide and has the chemical formula Al(OH)3. It is a white, crystalline powder that is used as an antacid, filler in plastics and other materials, and in water treatment as a flocculant.
Bayerite
Bayerite has the chemical formula Al(OH)3 and is similar to gibbsite in structure and properties. It is used in the production of aluminum metal and as a filler in plastics and other materials.
Diaspore
Diaspore has the chemical formula AlO(OH) and is a less common form of aluminum hydroxide. It is a white, crystalline powder that is used in the production of aluminum metal and as a filler in plastics and other materials.
In addition to these main types, there are also various modified forms of aluminum hydroxide that have been developed for specific applications. These include amorphous aluminum hydroxide, which is used as a vaccine adjuvant, and pseudo-boehmite, which is used as a catalyst in various chemical reactions.
How is Aluminum Hydroxide produced
Aluminum hydroxide is typically produced by a chemical reaction between aluminum and a solution of sodium hydroxide, also known as caustic soda. The basic steps involved in its production are as follows:
Bauxite extraction
Aluminum hydroxide is made from bauxite, a mineral that contains aluminum oxide. Bauxite is mined and processed to extract the aluminum oxide.
Digestion
The extracted aluminum oxide is then treated with a hot solution of sodium hydroxide to produce sodium aluminate, which is a soluble salt.
Precipitation
The sodium aluminate solution is then reacted with carbon dioxide to form aluminum hydroxide, which is insoluble and precipitates out of the solution. The aluminum hydroxide is then separated from the liquid and washed to remove any impurities.
Calcination
The aluminum hydroxide is dried and then heated to high temperatures in a kiln, a process called calcination. This converts the aluminum hydroxide to alumina, a material that is used in the production of aluminum metal.
The resulting aluminum hydroxide is typically used as an antacid or as a filler in the production of plastics, rubber, and other materials. It is also used in water treatment, as a flame retardant, and in various other industrial applications.
What drives the cost of Aluminum Hydroxide
The cost of aluminum hydroxide is influenced by several factors, including:
Raw materials
The cost of bauxite, the primary raw material used to produce aluminum hydroxide, can affect the cost of aluminum hydroxide. Fluctuations in the price of bauxite can impact the overall cost of aluminum hydroxide production.
Production process
The cost of producing aluminum hydroxide is influenced by the efficiency of the production process, including factors such as energy consumption, labor costs, and equipment costs.
Market demand
The demand for aluminum hydroxide in different industries, such as the pharmaceutical, water treatment, and construction industries, can affect the price of aluminum hydroxide. Increases in demand can lead to higher prices, while decreases in demand can result in lower prices.
Competition
The presence of competition in the aluminum hydroxide market can affect the price of the product. The availability of alternative materials with similar properties can also influence the price of aluminum hydroxide.
Regulations
Regulations and environmental standards can also impact the cost of producing aluminum hydroxide. Compliance with regulations can increase production costs, which may be passed on to consumers.
Overall, the cost of aluminum hydroxide is determined by a complex interplay of these factors and may vary depending on the specific application and market conditions.
How big is the global Aluminum Hydroxide market
The global aluminum hydroxide market size was valued at USD 1.5 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028. The market is driven by increasing demand for aluminum hydroxide in various end-use industries such as pharmaceuticals, water treatment, and construction.
The Asia-Pacific region is the largest market for aluminum hydroxide, accounting for over 50% of the global market share in 2020. This is due to the presence of a large number of pharmaceutical and water treatment industries in the region. North America and Europe are also significant markets for aluminum hydroxide due to the increasing demand for flame retardants in the construction industry.
The major players in the global aluminum hydroxide market include Albemarle Corporation, Nabaltec AG, Sumitomo Chemical Co. Ltd., Huber Engineered Materials, and Nippon Light Metal Company Ltd. These companies are investing in research and development activities to develop innovative products and expand their market presence.
According to https://oec.world/ :
Aluminium hydroxide are the world’s 1569th most traded product.
In 2020, the top exporters of Aluminium hydroxide were Germany ($287M), China ($235M), United States ($120M), Australia ($118M), and Brazil ($90.3M).
In 2020, the top importers of Aluminium hydroxide were Japan ($137M), South Korea ($128M), United States ($124M), Italy ($96.6M), and Netherlands ($87.4M).
Which countries produce the most Aluminum Hydroxide
The production of aluminum hydroxide is concentrated in a few countries around the world. The top five producers of aluminum hydroxide are:
China
China is the largest producer of aluminum hydroxide, accounting for more than 50% of global production. The country’s large production capacity is driven by its extensive use of the material in the production of aluminum and other industrial applications.
United States
The United States is the second-largest producer of aluminum hydroxide, with a significant share of the market driven by the country’s thriving pharmaceutical and water treatment industries.
Japan
Japan is a major producer of aluminum hydroxide, with a strong focus on high-quality products used in the pharmaceutical industry.
Europe
Several countries in Europe, including Germany and France, are significant producers of aluminum hydroxide, driven by demand from the construction, water treatment, and other industries.
India
India is a significant producer of aluminum hydroxide, with a rapidly growing market driven by the country’s expanding pharmaceutical and construction industries.
Other notable producers of aluminum hydroxide include Australia, Brazil, Russia, and Canada.
Further information
Business Analytiq
BE THE FIRST TO SEE RISK AND OPPORTUNITY!
BusinessAnalytiq provides unlimited market trend data and an online tools to track market developments, key benchmarks & leading indicators.
BusinessAnalytiq leads to price visibility, better negotiations, easier budgeting and forecasting, lower raw material prices, and improved better internal and external communication. BusinessAnalytiq will decrease risk and higher profit.
Where does the data come from?
- The source of the data are exclusively public non-confidential sources. We have no access to primary data
- This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
- The data is a combination of contract and spot pricing
- Our algorithms are set up to eliminate significant product mix impact on the reported price
- We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
- The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
- For most indexes we have multiple sources and we focus on using statistically-correlated sources
- As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
- We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
- The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
- The data is presented in US$. The UOM of measure is shown in the Index list table
- Our automated software and we do our best to create an accurate representation of the trend
Where does the data NOT come from?
- We do not purchase data from any other source and republish it.
- We will not purchase data from any other source and republish it
- We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators
What data should our company use?
- If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
- Our data, at best, represents an estimate of the market trend based on public information
- We have no direct access to the market, and we do not interview suppliers and customers
- Our automated analysis tools in the online software are set up to combine our data with other sources of data
- We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data
What does the quality indication in the main menu mean?
- Quality level A: Data is from a reliable and confirmed source
- Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
- Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
- Quality level D: Data is from a single credible source, but we cannot verify the data
- Quality level E: Data is either:
- From a single source, which we consider reliable, but we cannot verify the data.
- From 2 or more sources which have some periods of contradicting trends.
- Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.
What are the disclaimers?
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
How often do we update the data?
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
What are we doing to improve the data?
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We are reviewing all data sources in the first half of 2024.
- There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
- The key focus in 2024 is to add many additional indexes
How can i give feedback on the data or request for new indexes
- Feel free to contact us if you have a specific request. You can reach us via the Contact us page