Home > Bulk & Specialty Chemicals > Alumina Trihydrate Market

Alumina Trihydrate Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4183

Global alumina trihydrate market is foreseen to record considerable growth through 2028 due to the increasing consumer demand for the compound in diverse applications and end-user industries, like paints and coatings, flame retardants, and more. Alumina trihydrate based flame retardants are considered to be highly environment friendly.
 

Additionally, a paradigm shift from titanium oxide to aluminum trihydrate in the paint and coating industry and proliferating use of flame retardant plastics in the automotive industry are estimated to further stimulate the growth of alumina trihydrate market over 2022-2028.
 

The industry growth is being further driven by rising adoption of engineering plastic across different industries like automotive, construction, and electronics. The use of plastic in automotive industry for reducing the overall weight of vehicles to enhance fuel efficiency is anticipated to impel the market demand in the coming years.
 

However, factors like the presence of alternatives to alumina trihydrate and environmental issues associated with alumina production are expected to hinder the growth of alumina trihydrate market throughout the analysis period.

 

Based on the product type, flame retardants segment would grow profusely over the coming years in the overall alumina trihydrate market. Mounting prevalence of fire incidences worldwide demands non-halogenated flame retardants owing to environmental concerns making ATH one of the highly used flame retardants. Alumina trihydrate is an efficient flame retardant due to its thermodynamic properties which absorb heat and release water vapor. ATH releases 35% water of crystallization. Besides, the product’s high versatility and lower cost would further augment the demand for ATH as flame retardants.

 

Alumina trihydrate is present in different forms. Powdered ATH is estimated to account for remunerative growth in the coming years. The product is used as the filler of choice for many solid surface manufacturing companies reasoned to its umpteen advantages. Various technological development in the space would complement the growing product demand through 2028. For instance, in 2020, a new technology for the preparation of lightweight ATH powder for filler application was developed. The powder meets specifications required for applications like flame retardant material, filler in plastic, paper, and paint industries.

 

In terms of the end-user vertical, alumina trihydrate market is projected to record remunerative growth from the plastic segment. Plastics make automobiles lighter, cutting down the fuel demand and GHG emissions. For instance, a reduction of 100 kilos in the mass of modern automobile leads to a reduction in fuel consumption of nearly 0.4 litres per 100 km and in carbon dioxide emissions of 10 grams per km.
 

Regionally, Asia Pacific alumina trihydrate market would register stellar growth over the forecast period ascribed to the thriving construction, plastics, and paints and coatings industry in various emerging economies like India, China, Japan, and others. Additionally, the formulation and stringent incorporation of fire safety regulations in these countries would as well contribute to the market growth fueled by massive growth in flame retardants.
 

Global alumina trihydrate industry is highly consolidated and boasts of the presence of leading market players including Huber Engineered Materials (J.M. Huber Corporation), Akrochem Corporation, Aditya Birla Management Corporation Pvt. Ltd., Almatis, Aditya Birla Management Corporation Pvt. Ltd, MAL-Hungarian Aluminium Producer and Trading Co., and Albemarle Corporation Alumina - Chemicals & Castables, amongst others. These vendors are taking up strategic measures like mergers and acquisitions, partnerships, and product launches to gain a competitive edge in the market.
 

Analyzing the COVID impact on alumina trihydrate market growth

The global alumina trihydrate industry observed a moderate decrease in the growth rate during 2020 due to the outbreak of coronavirus and a decline in compound production as a result of the halt in manufacturing activities. Moreover, most of the companies functioning in the market based in Asia Pacific, North America, and Europe, were adversely influenced by the pandemic. These companies have witnessed a temporary halt in their production units, severely impacting the industry expansion.
 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Budget constraints? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability