Alumina Trihydrate Market

Introduction of the Alumina Trihydrate Market Report

Alumina trihydrate (ATH) is a white crystalline powder produced by dissolving bauxite into sodium hydroxide. ATH possesses various superior characteristics like flame retardant, smoke suppression, thermal conductivity, versatility, and chemical inertness. It serves application in aluminum, chemicals, adhesives, caulks & sealants, coatings, ink, wires & cables, paper, carpet backing, and rubbers.

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Market Dynamic

Key Drivers and Emerging Trends

Increasing demand for flame retardant products from the major end-use verticals like construction, electrical, plastic, automotive and textile industry is propelling the Alumina Trihydrate market growth. Growing construction with the increasing investment in infrastructural activities is surging the product demand across regions. Moreover, the rising budget for residential construction coupled with high living standards and rising per capita disposable income are vital factors driving the market growth. Evolving electronics industry, along with the initiatives taken by the government like the internet of things (IoT) and automation, are boosting the ATH demand further. Rising consumer preference towards built-in functions within personal equipments is expected to drive the market growth over the forecast period.

Restraint in the Alumina Trihydrate Market

However, the availability of alternatives for alumina trihydrate like magnesium hydroxide is a major restraining factor that is hindering the global alumina trihydrate market growth.

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Application – Segment Analysis

Based on the Application, the Flame Retardant segment is expected to grow at a high CAGR during the forecast period. The alumina trihydrate market has witnessed a considerable rise in the demand for flame retardants, primarily in the automotive and electrical & electronics industries. Stringent fire safety regulations to minimize the risk of fire in residential and commercial buildings are stimulating the growth of the alumina trihydrate market. The evolving consumer electronics industries, coupled with stringent environmental regulations on the materials used in the electronics industry, will further influence the growth of the alumina trihydrate market.

End-Use – Segment Analysis

Based on the End-Use, the Plastic segment is expected to grow at a high CAGR during the forecast period. Rising plastic consumption in the automotive, construction, and electrical & electronics industries is projected to drive the segment growth. Regulations to minimize gross vehicle weight to enhance fuel efficiency and eventually reduce carbon emissions have encouraged the use of plastics as an alternative for metals to manufacture automotive components. The consumption of ATH as a flame retardant is high in the building & construction sector. The increasing building safety awareness among people has led to the development of energy-efficient buildings. As such, conventional plastics in the apartments are continuously substituted with flame retardant plastics.

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Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is projected to dominate the market during the forecast period. Due to increasing demand for plastics and growing construction industries in countries like India, the use of alumina trihydrate is growing in the region; as a result, the alumina trihydrate market in India is anticipated to witness high growth. In addition to that, the growing construction industry in countries like India, China is responsible for such high demand for alumina trihydrate, which propels market growth. In developed countries, the construction sector is mature as compared to the construction sector in emerging economies, which is expanding considerably, fueled by the rapidly rising population and increasing urbanization. Hence, these factors are expected to account for the growth of alumina trihydrate market share in this region during the forecast period.

Top Market Players

Various notable players operating in the market include Sumitomo Chemical Co., Ltd., Hindalco Industries Ltd., Aluminum Corporation of China Limited, Nabaltec AG, Huber Engineered Materials, Albemarle Corporation., Alcoa Corporation, SHOWA DENKO K.K., Alfa Aesar, NALCO India, among others. 

Key Developments:

• • In 2020, Huber Engineered Materials stated its plans for a major sustainability project and substantial investment for a new power plant at its Martinswerk facility in Bergheim, Germany.
  • In 2020, Sumitomo Chemical Co., Ltd. procured four South American subsidiaries of Nufarm Limited in Brazil, Chile, Argentina and Colombia. Through this acquisition, the company diversified its geographical presence in these countries.
  • In 2020, Hindalco Industries Ltd. procured Aleris Corp for USD2.8 billion. Through this acquisition, it reinforced its business operations in the US.

Segments covered in the Report:

The global Alumina Trihydrate market has been segmented on the basis of Type, Application, End-Use, and regions. Based on Type, the market is segmented into Ground, Dry, Wet and Precipitate. Based on Application, the market is segmented into Flame Retardant, Filler, Antacid and Others. Based on End-Use, the market is segmented into Plastic, Building & Construction, Paints & Coatings, Pharmaceuticals, Glass, Rubber and Others. 

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Key questions answered in this research report:

• • At what pace is global Alumina Trihydrate market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Alumina Trihydrate market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Alumina Trihydrate market?
  • Which Type generated maximum revenues in 2020 and identify the most promising Type during the forecast period?
  • What are the various Application areas of global Alumina Trihydrate market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By End-Use, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Sumitomo Chemical Co., Ltd., Hindalco Industries Ltd., Aluminum Corporation of China Limited, Nabaltec AG, Huber Engineered Materials, Albemarle Corporation., Alcoa Corporation, SHOWA DENKO K.K., Alfa Aesar, NALCO India, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Alumina Trihydrate Market by Type

• • Ground
  • Dry
  • Wet
  • Precipitate

Global Alumina Trihydrate Market by Application

• • Flame Retardant
  • Filler
  • Antacid
  • Others

Global Alumina Trihydrate Market by End-Use

• • Plastic
  • Building & Construction
  • Paints & Coatings
  • Pharmaceuticals
  • Glass
  • Rubber
  • Others

Global Alumina Trihydrate Market by Region

• • North America Alumina Trihydrate Market (Option 1: As a part of the free 25% customization)
    • North America Alumina Trihydrate Market by Type
    • North America Alumina Trihydrate Market by Application
    • North America Alumina Trihydrate Market by End-Use
    • US Alumina Trihydrate Market All-Up
    • Canada Alumina Trihydrate Market All-Up
  • Europe Alumina Trihydrate Market (Option 2: As a part of the free 25% customization)
    • Europe Alumina Trihydrate Market by Type
    • Europe Alumina Trihydrate Market by Application
    • Europe Alumina Trihydrate Market by End-Use
    • UK Alumina Trihydrate Market All-Up
    • Germany Alumina Trihydrate Market All-Up
    • France Alumina Trihydrate Market All-Up
    • Spain Alumina Trihydrate Market All-Up
    • Rest of Europe Alumina Trihydrate Market All-Up
  • Asia-Pacific Alumina Trihydrate Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Alumina Trihydrate Market by Type
    • Asia-Pacific Alumina Trihydrate Market by Application
    • Asia-Pacific Alumina Trihydrate Market by End-Use
    • China Alumina Trihydrate Market All-Up
    • India Alumina Trihydrate Market All-Up
    • Japan Alumina Trihydrate Market All-Up
    • Rest of APAC Alumina Trihydrate Market All-Up
  • RoW Alumina Trihydrate Market (Option 4: As a part of the free 25% customization)
    • RoW Alumina Trihydrate Market by Type
    • RoW Alumina Trihydrate Market by Application
    • RoW Alumina Trihydrate Market by End-Use
    • Brazil Alumina Trihydrate Market All-Up
    • South Africa Alumina Trihydrate Market All-Up
    • Saudi Arabia Alumina Trihydrate Market All-Up
    • UAE Alumina Trihydrate Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Alumina Trihydrate Market All-Up

Major Players Operating in the Alumina Trihydrate (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Sumitomo Chemical Co., Ltd.
  • Hindalco Industries Ltd.
  • Aluminum Corporation of China Limited
  • Nabaltec AG
  • Huber Engineered Materials
  • Albemarle Corporation.
  • Alcoa Corporation
  • SHOWA DENKO K.K.
  • Alfa Aesar
  • NALCO India