Alumina Trihydrate Market Trend, Share, Growth, Size Analysis and Forecast 2030

Alumina Trihydrate Industry Prospective:

The global alumina trihydrate market size was evaluated at $3000 million in 2022 and is slated to hit $7000 million by the end of 2030 with a CAGR of nearly 6.2% between 2023 and 2030.

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Alumina Trihydrate Market: Overview

Alumina trihydrate finds lucrative applications as a flame retardant due to its versatility and reduced costs. Furthermore, the compound is non-toxic, chemically inert, and halogen-free having low abrasiveness. Additionally, the alumina trihydrate is used as a raw material for the production of several chemical compounds such as poly aluminum chloride, aluminum nitrate, aluminum sulfate, calcined alumina, sodium aluminate, and alumina. Furthermore, alumina trihydrate also finds application as an antacid for treating gastrointestinal conditions. For the record, alumina trihydrate is amphoteric and is classified into bayerite, nordstrandite, gibbsite, and doyleite which are polymorphs.

Key Insights

• As per the analysis shared by our research analyst, the global alumina trihydrate market is projected to expand annually at the annual growth rate of around 6.2% over the forecast timespan (2023-2030)
• In terms of revenue, the global alumina trihydrate market size was evaluated at nearly $3000 million in 2022 and is expected to reach $7000 million by 2030.
• The global alumina trihydrate market is anticipated to grow rapidly over the forecast timeline owing to escalating product penetration in the paints & coatings sector.
• In terms of application, the flame retardant segment is slated to register the highest CAGR over the analysis period.
• Based on end-user, the plastics segment is slated to register rapid growth in the upcoming years.
• Region-wise, the North American alumina trihydrate industry is projected to register the fastest CAGR during the assessment timeline.

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Alumina Trihydrate Market: Growth Factors

Rise in the product use in paints & coatings can proliferate the expansion of the global market by 2030

Escalating product penetration in the paints & coatings sector is likely to prop the expansion of the global alumina trihydrate market in the upcoming years. A surging demand for alumina trihydrate from flame-retardant plastics in the automotive sector and water treatment activities will uplift the growth of the market globally. Immense demand for halogen-free flame retardants is likely to pave the way for the expansion of the global market. Need for cost savings and enhanced performance will define the line of growth of the global market. Rise in the product usage in construction activities and as filler in various end-use sectors will drive the market trends across the globe. Launching of new products and strategic partnerships can benefit the growth of the global market in the years ahead. For instance, in August 2022, Imerys, a minerals & mining firm, signed an agreement with Cimbar Performance Minerals, a key player in producing mineral-based additives such as alumina trihydrate & barium sulfate, for selling Sahuarita Arizona operations that produce screen grade & dry coarse calcium carbonate.

Alumina Trihydrate Market: Restraints

Oscillations in the price of the raw components can hinder the global industry surge over 2023-2030

Fluctuations in the raw material costs can put brakes on the expansion of the alumina trihydrate industry globally. Easy availability of substitute products can prove to be detrimental to the growth of the global industry.

Alumina Trihydrate Market: Opportunities

Humungous product procurement & usage in paints & coatings production will sketch new facets of growth for the global market

Large-scale product use in the manufacture of paints & coatings as well as the construction sector will carve new growth avenues for the global alumina trihydrate market. Growing penetration of the product in the plastics sector in the form of flame retardant will further enhance the growth space of the global market. Rise in the popularity of the product in developing countries will shape the growth of the market globally.

Alumina Trihydrate Market: Challenges

Health issues caused by individuals coming in contact with the product can be a huge challenge for the global industry expansion by 2030

Health hazards caused as a result of the use of the compound and increase in the market completion have proved to be a key challenge in the growth path of the global alumina trihydrate industry.

Alumina Trihydrate Market: Segmentation

The global alumina trihydrate market is sectored into application, end-user, and region.         

In application terms, the global alumina trihydrate market is segregated into filler, flame retardant, and antacid segments. Furthermore, the flame retardant segment, which acquired nearly 45.4% of the global market revenue in 2022, is set to record the highest growth rate in the ensuing years. The growth of the segment during the assessment timeframe can be due to a prominent rise in the preference for flame retardants in the electrical & electronics and automotive sectors. Apart from this, strict fire safety norms in residential and commercial complexes have further steered the demand for flame retardants.

Based on the end-user, the global alumina trihydrate industry is sectored into pharmaceuticals, plastics, glass, building & construction, paints & coatings, and rubber segments. Moreover, the plastics segment, which accumulated a major global industry share in 2022, is slated to lead the global industry over the projected timeline. The segmental surge over the prognosis period can be a result of a rise in the use of the product in the plastics segment.

Alumina Trihydrate Market: Report Scope

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Alumina Trihydrate Market: Regional Insights

Asia-Pacific is forecast to maintain its dominant position in the global alumina trihydrate market over the analysis timeframe

Asia-Pacific, which accounted for about 65% of the global alumina trihydrate market revenue in 2022, will be a leading region over the prognosis timeline. In addition to this, the regional market surge over 2023-2030 can be ascribed to thriving plastics, paints & coatings, and building & construction sectors. Strict execution of fire safety rules in various countries of APAC is projected to pave the way for humungous growth of the regional landscape over the years ahead. Presence of key manufacturers in the region will; further drive the regional market space.

The North American alumina trihydrate industry is set to register the fastest CAGR in the upcoming years owing to the rise in the use of flame retardants in the automotive and construction sectors. Moreover, countries such as the U.S. and Canada are predicted to be the major regional revenue pockets in the ensuing years.

Alumina Trihydrate Market: Competitive Space

The global alumina trihydrate market profiles key players such as:

• Nabaltec AG
• Alfa Aesar
• NALCO
• Sumitomo Chemical Co. Ltd
• SHOWA DENKO K.K.
• Aluminium Corporation of China Limited
• Albemarle Corporation Huber Engineered Materials Alcoa Corporation
• MAL-Hungarian Aluminium Producer and Trading Co.

The global alumina trihydrate market is segmented as follows:

By Application

• Flame Retardant
• Filler
• Antacid

By End-User

• Plastics
• Building & Construction
• Paints & Coatings
• Pharmaceuticals
• Glass
• Rubber

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa