Alumina trihydrate market size, trends, shares, insights and forecast

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2. ALUMINA TRIHYDRATE MARKET ANALYSIS • Alumina Trihydrate Market, By End-use Industry (Plastic Industry, Paper Industry, Paints & Coatings Industry, Adhesives Industry, Chemicals Industry, Pharmaceuticals Industry, Others), By Regions (North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa, Asia Pacific, excluding Japan, Japan) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027 • Definition of Market/Industry: • Alumina trihydrate (ATH) is also referred to as alumina trihydrateas and has a chemical formula (AI2O3•3H2O). It is mostly used as flame retardant owing to its versatility and low cost. It is non-toxic, chemically, inert, halogen-free, and has low abrasiveness. It is mainly produced by the Bayer process and is converted to aluminium oxide (alumina), which is mainly used in the production of aluminum. Moreover, alumina trihydrate is also used as an antacid medication for treating the gastrointestinal condition.

3. Statistics: • The global alumina trihydrate market is estimated to account for approximately US$ 3,900 Mn in terms of value and 6,700 MT in terms of volume by the end of 2019 • Drivers: • Driver 1 • Rising demand for flame retardants from the construction industry and automotive industry is projected to serve as prime driver factors to the market growth. Moreover, growing implementation of strict rules and regulations regarding vehicular safety is further projected to propel the market growth of alumina trihydrate. Furthermore, rising demand for chemical compounds such as polyaluminum chloride, calcined alumina, aluminumsulfate, sodium aluminate, alumina nitrate, and zeolites is also projected to fuel the market growth of alumina trihydrate. • Driver 2 • Increasing usage of alumina trihydrate as a substitute for titanium dioxide pigments in the paints and coatings industry as it is relatively inexpensive is projected to propel the market growth of alumina trihydrate. Moreover, the growing demand for alumina trihydrate from plastic, paper industry, and building and construction industry is further projected to boost the market growth of alumina trihydrate. • Statistics: • North America region held significant market share in the global Alumina Trihydrate market in 2018, accounting for 22.3% share in terms of volume.

4. Figure 1. Global Alumina Trihydrate Market Share, By Region, 2018

5. Market Restraints • Restraint 1 • Alumina trihydrate is less suitable for high-temperature as it gets rapidly decompose when the temperature exceeds 200°C. This factor is expected to limit its usage in an application where materials operate at high temperatures. Moreover, availability of substitute of Alumina trihydrates such as zinc hydroxystannate (ZHS), zinc stannate and magnesium hydroxide which are used as flame retardant because it has excellent flame retardancy and smoke suppression properties is further expected to hinder the market growth of alumina trihydrate. • Restraint 2 • Limited flexibility and less mechanical property of the alumina trihydrate is also expected to hamper the market growth of the alumina trihydrate. Also, the alternative of alumina trihydrate is gaining demand as adhesives from paints and coating industry is further projected to hinder the market growth of alumina trihydrate. • Market Opportunities • Opportunity 1 • Rising usage of alumina trihydrate to produce other chemical compounds such as aluminum fluoride, aluminum chloride, aluminumsulfate, and sodium aluminate. Their rising application across the various end-user industry is projected to offer immense growth opportunities to the market of alumina trihydrate over the forecast period. For instance, sodium aluminate is widely in water softening and removing dissolved silica and phosphates. • Opportunity 2 • Alumina trihydrate is used as a raw material in producing Aluminium Fluoride. Growing usage of aluminum fluoride in the removal of magnesium in the refining of aluminum scrap is expected to stimulate market growth. Moreover, the rising demand for aluminum fluoride from the pharmaceutical industry for controlling sweet and other applications is also expected to propel the market growth over the forecast period.

6. Figure 2. Global Alumina Trihydrate Market Opportunity

7. Statistics: • For any segment information: • Among end-use industry, the chemical industry dominated the global alumina trihydrate market, valued at US$ 1,200 Million in 2018 and is forecast to reach a value of US$ 2,500 Million by 2027 at a CAGR of 8.0% between 2019 and 2027  • Market Trends/Key Takeaways • Trend 1 • The increasing advent of nano technology with a polymer such as an alumina trihydrate with nanoclays, that reduce the negative impact on the performance of polymer additives and helps to improve the quality of non-halogenated flame retardant by making more efficient. This is expected to propel the market growth of alumina trihydrate over the forecast period. • Trend 2 • Growing usage of alumina trihydrate in engineering plastic such as electronics, construction and automobile sectors, which is raising its demand for flame retardants is expected to foster the market growth of alumina trihydrate over the forecast timeframe. For instance, many manufacturers are adopting alumina trihydrate as a flame retardant in electronic products due to its non-toxicity and cost-effectiveness.

8. Figure 3. Global Alumina Trihydrate Market Share, By End-Use Industry, 2018

9. Competitive Section: • Company Names  • Alfa Aesar, Sumitomo Chemical Co. Ltd., Albemarle Corporation, Nabaltec AG, Huber Engineered Materials (J. M. Huber Corporation), Showa Denko K.K., NALCO, MAL Zrt., Alcoa Inc., and Aluminum Corp. of China Ltd. • Few Recent Developments • Almatis • The company focuses on increasing its supply capacity to further increase its customer base • In February 2016, Almatis increased production capacity of non-metallurgical alumina chemicals at its North America alumina refinery • Almatis follows a strategy of selling its shares to established investment firms • On 1 September 2015, Dubai International Capital (DIC) completed the sale of Almatis to OYAK, Turkey’s largest private pension fund. • Albemarle Corporation • 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.

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