Global Hydrotalcite (CAS 11097-59-9) Market Insights, Forecast to 2026
Market Analysis and Insights: Global Hydrotalcite Market
The Hydrotalcite market developed rapidly in the past few years, the market concentration is high and the global Hydrotalcite market is dominated by few manufacturers, the key manufacturing factories are mainly distributed in Netherlands, Germany, South Korea, Japan, Vietnam and China.
The top players are Kyowa Chemical (Kisuma Chemicals), Clariant (Süd-Chemie), Sakai Chemical Industry, Doobon, Sinwon Chemical, Sasol Germany, Kanggaote, GCH Technology Co., Ltd., BELIKE Chemical and SAEKYUNG (Hengshui) New Materials.
The global Hydrotalcite production was approximately 81,926 tons in 2019 and will reach 106591 tons in 2026; while the revenue was 222.4 million USD in 2019 and will be 311 million USD in 2026, growing at a CAGR of 5.5% between 2021 and 2026.
Based on the product, Mg-Al Hydrotalcite has a share about 85% in 2019, while the Mg-Al-Zn Hydrotalcite grew most rapidly in past five years, and will maintain the fastest growth in next few years.
Based on the application, PVC is the largest application, with a share over 76% in 2019, and will keep the market position in next few years. The strong demand from PVC will drive the Hydrotalcite market to grow rapidly.
Europe is the largest producer of Hydrotalcite in the world, with a share about 38 percent in 2019, key producing countries is Netherlands and Germany.
China is the second largest producer and the fastest-growing countries, holds a share about 26.1% in 2019, it is predicted to reach a share 33% in 2026. In recent several years, more and more new entrants entered this market, for example GCH Technology and BELIKE Chemical entered in 2015, SAEKYUNG (Hengshui) New Materials entered in 2014. And several potential entrants have plans to enter this market, like Shandong WanSinvena Material Technology, HUBEI BENXING NEW MATERIALS COMPANY LIMITED, Shandong Haoxing Environmental Technology Company, Hunan Hengguang Chemical, Jiangxi Hongyuan Chemical & Industrial and Hunan Shaoyang Tiantang Auxiliaries Chemical, etc.
South Korea is the third largest producer of Hydrotalcite, with a share 14% in 2019, key two manufacturers are Doobon and Sinwon Chemical. Doobon has extended production capacity of Hydrotalcite in 2017.
The Covid-19 outbreak has negatively affected Hydrotalcite manufacturers' operations, including their revenue and profitability. Their operations and markets, including the PVC stabilizer markets, could be negatively affected by the coronavirus outbreak. Economies and commerce in countries such as US, Canada, Mexico, Europe, South America, Japan, South Korea, Southeast Asia, India and China in which have been significantly impacted.
Prior to COVID-19, the market for Hydrotalcite was anticipated to grow from US$ 235.5 million in 2020 to US$ 322.0 million by 2026; it is expected to grow at a CAGR of 5.2% during 2021–2026, whereas post-COVID-19 scenario, the market for Hydrotalcite is projected to grow from US$ 222.6 million in 2020 (a decline by ~5.4% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ 311.0 million by 2026; it is expected to grow at a CAGR of 5.5% during 2021–2026. The solicitation of proposals by the governments and public–private companies across the world to mitigate the impact of the COVID-19 pandemic is the key factor propelling the growth of the Hydrotalcite market.
Global Hydrotalcite Scope and Segment
Hydrotalcite market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Hydrotalcite market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type, and by Application for the period 2015-2026.
Kyowa Chemical/Kisuma Chemicals
Sakai Chemical Industry
SAEKYUNG (Hengshui) New Materials
Segment by Type
Segment by Application
Production by Region
Consumption by Region
Middle East & Africa
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