About Aluminum Trihydrate Market
Aluminum trihydrate (also known as ATH and aluminum trihydroxide, chemical formula Al (OH)3) is initially derived from bauxite ore, before being refined into a fine white powder. These are used in manufacturing of aluminum, adhesive, coating, wires and cables, caulks and sealants, rubbers, paper and carpet backing. It is obtained in four grade such as chemically treated, courses, precipitated and superfine. The growing automotive industry has increased demand for aluminum trihydroxide in the alumina trihydrate market. Furthermore, the increasing use of alumina trihydrate in water treatment is a major factor driving market growth. However, rising pharmaceutical industry preferences for magnesium hydroxide as an antacid pose a significant challenge to the alumina trihydrate market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 6.5% |
As the market for alumina trihydrate expands, the competition is only set to grow fiercer among players. The market still has a fair way to go before it reaches a saturation point. FMI anticipates both leading and emerging players to expand production facilities based on trends from the recent past. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Aluminum Trihydrate Market market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Albemarle Corporation (United States), Alfa Aesar (United States), Sumitomo Chemical Corporation Limited (Japan), Huber Engineered Materials (United States), Alcoa Inc. (United States), Aluminum Corporation of China Ltd. (China), Nabaltec AG (Germany), Showa Denko K.K. (Japan), MAL Zrt (Hungary) and Alteo (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Imerys (France), Lanxess AG (Germany), Clariant AG (Switzerland), BASF SE (Germany) and DuPont de Nemours, Inc. (US).
Segmentation Overview
AMA Research has segmented the market of Global Aluminum Trihydrate Market market by , Application (Flame Retardant, Insulation Filler, Binder, Opacifier, Rubber Extender and Others) and Region.
On the basis of geography, the market of Aluminum Trihydrate Market has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Plastics will boost the Aluminum Trihydrate Market market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Powders will boost the Aluminum Trihydrate Market market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Environmental awareness and It is used in water treatment plants for the removal of impurities
Market Growth Drivers:
Growing use of Aluminum Trihydrate in the paints and coatings industry, Rising Demand of water treatment industry and Growing awareness of fire safety
Challenges:
Rising preference for magnesium hydroxide as an antacid in the pharmaceutical industry
Restraints:
Direct inhalation of Aluminum Trihydrate can irritate the respiratory tract and cause shortness of breath, and chest tightness and Health concern can cause neurological disorder
Opportunities:
Increasing demand for non-halogenated flame retardants and Lightweight and high-performance filler
Market Leaders and their expansionary development strategies
In June 2023, Almatis announced a collaboration with a research institute to develop new technologies for the sustainable production of ATH. This partnership aims to reduce the environmental footprint of ATH production and contribute to a more sustainable future.
In November 2023, Almatis has launched a game-changing solution with ECO-TAB®—a lower-density alumina refractory aggregate designed for wear linings. ECO-TAB® not only improves energy efficiency and capacity but also contributes to a greener, more sustainable future remarkably. By cutting energy consumption and material usage together with improved production efficiencies, this innovative solution contributes to a more environmentally responsible production process.
Key Target Audience
Potential industries, Market Research and Consultancy firm, Customers, Research Centers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.