Overview and Scope
Alumina trihydrate refers to a solid, odorless, powdery, and white substance used as a flame retardant and filler in glass, ceramics, inks, detergents, cosmetics, and plastics. This is extracted from bauxite ore using the Bayer process, with an average particle diameter of 80–100 microns. Its primary application is in the production of aluminum metal.
Sizing and Forecast
The alumina trihydrate market size has grown strongly in recent years. It will grow from $2.07 billion in 2023 to $2.2 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to flame retardant properties, demand in chemical industry , shift from halogenated flame retardants, expansion in construction sector, demand in pharmaceuticals..
The alumina trihydrate market size is expected to see strong growth in the next few years. It will grow to $2.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to healthcare and cosmetic applications, global economic development, packaging material demand, textile industry expansion, pharmaceutical industry growth.. Major trends in the forecast period include global market expansion , automotive safety, innovations in packaging , water treatment solutions..
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Segmentation & Regional Insights
The alumina trihydrate market covered in this report is segmented –
1) By Type: Ground, Wet, Dry, Precipitate
2) By Application: Flame Retardant, Filler, Antacid
3) By End-Use Industry: Plastic, Building and Construction, Paints and Coatings, Pharmaceuticals
Top Major Players:
Albemarle Corporation
Alcoa Corporation
Aluminum Corporation of China Limited
J.M. Huber Corporation
LKAB Minerals AB
North America was the largest region in the alumina trihydrate market in 2023.
North America was the largest region in the alumina trihydrate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the alumina trihydrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for flame retardants from the construction industry is expected to propel the growth of the alumina trihydrate market. The increasing number of commercial and residential establishments has increased the possibilities of explosions and fire-related accidents. Non-halogenated flame retardants form a protective char in the condensed phase or release free radicals in the event of ignition to slow fire spread. Several countries have made strict fire safety regulations and protocols mandatory. As a result, to meet government regulations, nonflammable retardants are increasingly being used in buildings, thus increasing the demand for alumina trihydrate. For instance, in its 2021 annual report, Nabaltec, a US-based chemical company, stated that the revenue in the ‘Specialty Alumina’ product segment increased by 24.2%, from USD 46.4 million to USD 57.6 million in 2021. Therefore, the increasing demand for non-halogenated flame retardants is driving the growth of the alumina trihydrate market.
Key Industry Players
Major companies operating in the alumina trihydrate market report are Albemarle Corporation, Alcoa Corporation, Aluminum Corporation of China Limited, J.M. Huber Corporation, LKAB Minerals AB, MAL-Hungarian Aluminum Producer and Trading Co., Nabaltec AG, National Aluminium Company Limited, SHOWA DENKO K.K., Sumitomo Chemical Co. Ltd., Jinan Chenxu Chemical Co. Ltd., KC Corporation, Hayashi Kasei Co. Ltd., Dadco Group, Alumina Chemicals & Castables, Hindalco Industries Ltd., Southern Ionics Incorporated, Thermo Fisher Scientific Inc., SCR Sibelco NV, R.J. Marshall Company, Alteo, Solvay S.A., Chemtura Corporation, Clariant AG, Imerys SA, Evonik Industries AG, Wacker Chemie AG, BASF SE, Dow Inc., Eastman Chemical Company
The alumina trihydrate market report table of contents includes:
1. Executive Summary
2. Alumina Trihydrate Market Characteristics
3. Alumina Trihydrate Market Trends And Strategies
4. Alumina Trihydrate Market – Macro Economic Scenario
5. Global Alumina Trihydrate Market Size and Growth
…
31. Global Alumina Trihydrate Market Competitive Benchmarking
32. Global Alumina Trihydrate Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Alumina Trihydrate Market
34.Alumina Trihydrate Market Future Outlook and Potential Analysis
35. Appendix
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