Registering a CAGR of 5.4% over the forecast period of 2022-2027, the global Alumina Trihydrate market is anticipated to reach the market value of 1.99 Billion in the year 2027 from USD 1.68 Billion in the year 2021.
Alumina trihydrate is a white-colored, fragrance-free, non-toxic, chemically inert, less abrasive powder-formed solid substance. It is also identified as aluminum trihydroxide. Alumina trihydrate has very low water solubility, but it is considered amphoteric, significance it dissolves in both strong alkali and acids. It is generally resultant from bauxite ore in various sizes and refined through the bayer process. Once the chemical is washed away, it can turn as a feedstock for a range of alumina chemicals. When alumina trihydrate is heated at 180°C, it decomposes to aluminum oxide and water and aluminum oxide is extensively used as flame retardant.
Alumina trihydrate is the most economic and extensively used flame retardant and smoke suppressant in the plastics industry. Plastic is used across almost every sector, including to produce packaging, in building and construction, in textiles, consumer products, transportation, electrical and electronics, and industrial machinery. China is the largest producer and consumer of plastics at a global level. China is the largest producer of plastics (25.6%) followed by Europe (20.1%) and the US (19.7%). Thus, demand for it is anticipated to increase, especially from China’s plastic market.
Global alumina trihydrate market is foreseen to record considerable growth through 2028 due to the growing consumer demand for the compound in diverse applications and end-user industries, like paints and coatings, flame retardants, and more.
September 21, 2020: HUBER ANNOUNCES PLANS TO PREPARE FOR A MAJOR SUSTAINABILITY PROJECT, A NEW POWER PLANT AT MARTINSWERK--
The Fire Retardant Additives division of Huber Engineered Materials (HEM), a portfolio business of J.M. Huber Corporation (Huber), announces it is preparing a plan for a major sustainability project and substantial investment in a new power plant at its Martinswerk facility in Bergheim, Germany. The project consists of a proposed replacement of the current lignite power plant with a natural gas-fired cogeneration power plant to produce 100% of the required steam (thermal energy) and electricity demand for the production site. Doing so should result in significant sustainability benefits, including a 40% reduction in carbon dioxide emissions, a 100% reduction of ash by-products and the elimination of daily lignite truck traffic to the site, which also decreases traffic and emissions throughout the local community.
Alumina Trihydrate Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Applications, it is segmented into
By End User it is segmented into
Region, Asia Pacific is projected to witness the maximum progress in the aluminium trihydrate industry. The growth is attributed to the growing adoption of the product in the pharmaceutical industry. Further, the higher utilization of aluminium trihydrate as a catalyst for various purposes will fuel the market growth. The growing use of the product in the automobile and plastic industries will fuel the market growth in Europe, in which the UK and Germany are leading countries. The high use of the product in the water treatment and construction will aid to propel sustainable market growth in North America. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the aluminium trihydrate in the paints and coatings purposes.
The Alumina Trihydrate Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Alumina Trihydrate Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.4% over the forecast period (2022-2027) |
By Type |
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By Application |
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By End-User |
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By Companies | Huber Engineered Materials (J.M. Huber Corporation, U.S.), Alfa Aesar (U.S.), Sumitomo Chemical Co., Ltd (Japan), Albemarle Corporation (U.S.), SHOWA DENKO K.K. (Japan), Alcoa Corporation (U.S.), Aluminum Corporation of China Limited (China), Nabaltec AG (Germany), NALCO (India), MAL-Hungarian Aluminum Producer and Trading Co |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 183 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Alumina Trihydrate Market?
The Alumina Trihydrate Market is growing at a CAGR of 5.4% over the next 5 years.
Who are the key players in Alumina Trihydrate Market?
Huber Engineered Materials (J.M. Huber Corporation, U.S.), Alfa Aesar (U.S.), Sumitomo Chemical Co., Ltd (Japan), Albemarle Corporation (U.S.), SHOWA DENKO K.K. (Japan), Alcoa Corporation (U.S.), Aluminum Corporation of China Limited (China), Nabaltec AG (Germany), NALCO (India), MAL-Hungarian Aluminum Producer and Trading Co
What are the significant types of Alumina Trihydrate Market?
Ground, Dry, Wet, Precipitate, Others
What are the major end-use applications of Alumina Trihydrate Market?
Flame Retardant, Filler, Antacid, Smoke Suppressant, Others
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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MARKET ENGINEERING
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