The cumulative market share of top 5 players, including Sumitomo Chemical Co. Ltd., Aluminum Corp. of China Ltd., Nabaltec AG, National Aluminum Company Ltd., and Huber Engineered Materials is 45%.
APEJ and North America are leading the alumina trihydrate markets. Collectively, they are anticipated to account for nearly half of the revenue share in the global market by 2031 end.
Alumina trihydrate (ATH) is used in manufacture of glass, ceramics, paints & coatings, etc. It finds major application as a flame retardant and smoke suppressant in materials due to its ability to release water of crystallisation as water vapour when heated above 220°C.
Alumina trihydrate is commercially available in the market for a number of applications such as waterproofing, furniture and tapestry production. Alumina trihydrate is available in multiple grades—coarse, precipitated, chemically treated and superfine. Depending on the application and customised demand from end-user industries, these grades and particle sizes can be modified.
Alumina trihydrate also finds major application in polyester and polymer resins as low-smoke, non-toxic replacement for latex, rubber, wires & cables and floorings. Major end-use industries that use alumina trihydrate are plastics, paper, paints & coatings, adhesives, chemicals, and pharmaceuticals.
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Factors Driving the Alumina Trihydrate Market
Key driving factors identified in the global alumina trihydrate market include increasing growth of flame retardant plastics in industrial sectors such as automotive and construction in emerging markets and increasing use of alumina trihydrate in chemical applications.
Increasing use of alumina trihydrate as flame retardant as well as a filler in adhesives and paints & coatings industry is expected to drive growth of the alumina trihydrate market over the forecast period. Increasing use of alumina trihydrate (alum) in water treatment are expected to fuel growth of the overall global alumina trihydrate market during the forecast period.
Demand for ultra-fine alumina trihydrate as flame retardant is a major underlying factor anticipated to fuel growth of the global alumina trihydrate market between 2016 and 2026. This, in turn, is forecast to create significant market opportunities for alumina trihydrate manufacturers, distributors and product assemblers in the coming years. Demand for alumina trihydrate is especially high in emerging market such as India, China, and Brazil.
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Alumina Trihydrate Market Segmentation
Key market participants covered in the report include Alfa Aesar, Sumitomo Co. Ltd., Albemarle Corporation, Nabaltec AG, Huber Engineered Materials, Showa Denko K.K., NALCO, MAL Zrt, Alcoa Inc. and Aluminum Corp. of China Ltd.
The global alumina trihydrate market is segmented on the basis of end-use industry and region. The end-use industry segment is further segmented into plastics, paper, paints & coatings, adhesives, chemicals, pharmaceuticals and others.
Key Segment
By End-use
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
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Dec 28, 2022
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