Global Alumina Trihydrate Market, By Type (Ground, Wet, Dry, Precipitate), Application (Flame Retardant, Filler, Antacid), End Use Industry (Plastic, Building & Construction, Paints & Coatings, Pharmaceuticals, Glass, Rubber, Others) – Industry Trends and Forecast to 2031.
Alumina Trihydrate Market Analysis and Size
Growing consumer demand for alumina trihydrate in various sectors and industries, including flame retardants, paints, and coatings, is a key driver of the alumina trihydrate market's growth. In addition, the increasing preference for eco-friendly alternatives to halogenated flame retardants will further boost the alumina trihydrate market during the forecast period. The demand for alumina trihydrate is also on the rise in industries such as paints and coatings, as well as other significant sectors such as plastics and chemicals. Furthermore, aluminum hydroxide (alum) is commonly employed as a coagulant in wastewater and water treatment procedures.
Data Bridge Market Research analyzes that the global alumina trihydrate market, which was USD 4,148.5 million in 2023, is expected to reach USD 6,279.1 million by 2031, growing at a CAGR of 5.3% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Ground, Wet, Dry, Precipitate), Application (Flame Retardant, Filler, Antacid), End Use Industry (Plastic, Building & Construction, Paints & Coatings, Pharmaceuticals, Glass, Rubber, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Hungary, Italy, Rest of Europe, China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel and Rest of Middle East and Africa
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Market Players Covered
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Hindalco Industries Ltd (India), Sumitomo Chemical Company, Ltd. (Japan), Aluminum Corporation of China Ltd. (China), Huber Engineered Materials (U.S.), Nabaltec AG (Germany), SCR Sibelco NV (Belgium), Alteo (France), Southern Ionics Incorporated (U.S.), ALUMINA CHEMICALS and CASTABLES (India), Alfa Aesar (U.S.), NALCO (National Aluminium Company Limited) (India), Alcoa Inc. (U.S.)
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Market Opportunities
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Market Definition
Alumina Trihydrate (ATH) is a flame retardant and smoke suppressant substance with non-toxic and non-corrosive properties, commonly applied in elastomeric uses. It is renowned as one of the most extensively utilized flame retardants globally. ATH stands out as an exceptionally efficient flame retardant, thanks to its thermodynamic qualities, which entail heat absorption and the release of water vapour. Its primary use predominantly centers on the production of aluminum metal, and it serves as a flame retardant and smoke-suppression additive in polymers such as rubber and carpet backing.
Global Alumina Trihydrate Market Dynamics
Drivers
- Growing fire safety regulations
Stringent fire safety regulations and codes in various industries, including construction, automotive, and electronics, drive the demand for flame-retardant materials like ATH. These regulations mandate the use of flame-retardant materials, such as alumina trihydrate (ATH), to reduce the risk of fires and enhance safety. As a result, ATH, known for its flame-retardant properties, experiences increased demand as industries comply with these regulations to ensure the safety of their products, buildings, and equipment. This driver is a significant factor fueling the growth of the ATH market, as companies strive to meet and exceed fire safety standards.
- Increasing demand for flame retardants
The primary use of ATH is as a flame retardant. With growing awareness of fire safety in various industries, such as construction, automotive, and electronics, there is a rising demand for flame-retardant materials. This creates opportunities for ATH manufacturers.
Opportunity
- Increasing consumer awareness
As consumers become more safety-conscious and demand products that offer enhanced protection against fire hazards, these industries prioritize the use of flame-retardant materials, which often include alumina trihydrate (ATH). Consumer preferences for safer and fire-resistant products drive manufacturers to incorporate ATH into their offerings, ensuring that their products meet stringent safety standards. This trend is propelling the demand for ATH in these industries, as companies respond to the safety expectations of their customers
- Fast-expanding construction industry
The construction industry utilizes ATH in applications like building materials, cables, and wiring. As the construction sector continues to grow globally, ATH finds increased use in these applications. This creates new opportunities for the market.
Challenge/Restraint
- Price volatility of raw materials
The price of raw materials used in the production of ATH, such as bauxite and aluminum hydroxide, can be volatile. Fluctuations in raw material costs can affect the profitability of ATH manufacturers. This is a major challenge for the growth of the market.
This alumina trihydrate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the alumina trihydrate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In September 2020, The Fire-Retardant Additives division of Huber Engineered Materials (HEM) announced its plans for a major sustainability project and substantial investment in a new power plant at its Martinswerk facility in Bergheim, Germany. Huber Engineered Materials (HEM) is a global leader in industrial chemical manufacturing and is continuously innovating and transforming to exceed client expectations and industry standards
- In April 2020, Sumitomo Chemical Company, Limited acquired four Latin American subsidiaries of Nufarm Limited in Brazil, Argentina, Chile, and Colombia. Through this acquisition, the company expanded its geographical presence in these countries. Sumitomo Chemical started business in 1913 as a producer of fertilizers from sulfur dioxide gas emitted by copper smelters, with the goal to both resolve an environmental problem and increase agricultural production
- In April 2020, Hindalco Industries Limited company acquired Aleris Corp for US$ 2.8 billion. Aleris became a wholly-owned subsidiary of Novelis, USA. Through this acquisition, it strengthened its business operations in the US. Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. It is one of Asia's largest producers of primary aluminium (excluding China), and with its subsidiary Novelis, a global leader in flat rolled products and the world's largest recycler of aluminium
- In July 2015, Albemarle Corporation announced a merger with Rockwood Holdings Inc. in order to drive sustainable growth for both companies and create an established premier specialty chemicals company
Global Alumina trihydrate Market Scope
The alumina trihydrate market is segmented into three notable segments which are based on type, application, and end use industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Ground
- Wet
- Dry
- Precipitate
Application
- Flame Retardant
- Filler
- Antacid
End Use Industry
- Plastic, Building & Construction
- Paints & Coatings
- Pharmaceuticals
- Glass
- Rubber
- Others
Global Alumina Trihydrate Market Regional Analysis/Insights
The alumina trihydrate market is analyzed and market size information is provided by type, application, and end use industry as referenced above.
The countries covered in alumina trihydrate market report are U.S., Canada, Mexico, Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Hungary, Italy, rest of Europe, China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel and rest of Middle East and Africa.
Asia Pacific is expected to dominate the market due to growing plastics, building and construction, and paints and coatings industries in newly industrialized countries such as China and India. The presence of an increasing number of plastic product manufacturing facilities in China, as well as expanding industrialization in Asia Pacific, are expected to drive the alumina trihydrate market over the forecast time frame.
North America is expected to show significant growth during the forecast period due to the heightened demand for flame-retardant chemicals within both the construction and automotive sectors. Within this region, the U.S. holds the largest market share, with Canada and Mexico following suit.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Alumina Trihydrate Market Share Analysis
The alumina trihydrate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to alumina trihydrate market.
Some of the major players operating in the alumina trihydrate market are:
- Hindalco Industries Ltd (India)
- Sumitomo Chemical Company, Ltd. (Japan)
- Aluminum Corporation of China Ltd. (China)
- Huber Engineered Materials (U.S.)
- Nabaltec AG (Germany)
- SCR Sibelco NV (Belgium)
- Alteo (France)
- Southern Ionics Incorporated (U.S.)
- ALUMINA CHEMICALS and CASTABLES (India)
- Alfa Aesar (U.S.)
- NALCO (National Aluminium Company Limited) (India)
- Alcoa Inc. (U.S.)
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