Industry Background:
The global Alumina Trihydrate market is expected to witness high growth in the forecasted period due to increasing demand for flame retardant plastics in the automotive industry along with increasing the growth of alumina trihydrate in water treatment. Alumina trihydrate also called aluminum trihydroxide and abbreviated as ATH is a white powder that is non-toxic, chemically inert, less abrasive and halogen-free and is the most widely used flame retardant across the globe.
According to AMA Research, the market for Alumina Trihydrate is expected to register a CAGR of 7.6% during the forecast period to 2028. This growth is primarily driven by Rising Demand due to use in Adhesives and Paints & Coatings Industries
.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Albemarle Corporation (United States), Huber Engineered Materials (United States), Nabaltec AG (Germany), LKAB Minerals AB (Sweden), Alfa Aesar (United States), Huber Engineered Materials (United States), Alcoa Inc. (United States), Aluminum Corporation of China Ltd. (China), Nabaltec AG (Germany) and Showa Denko K.K. (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2022, The Huber Engineered Materials acquired RHI Magnesita’s (RHIM) 50% ownership stake of MAGNIFIN Magnesiaprodukte GmbH & Co. KG. The products of MAGNIFIN are sold globally by Martinswerk GmbH as part of the HEM Fire Retardant Additives (FRA) strategic business unit. This strengthened the company's capabilities.
In April 2022, LKAB Minerals acquired Intermag, a high-quality niche Magnesia blending, screening, and classifying unit. Through this acquisition, the company strengthened its portfolio of products, particularly in the polymers and coatings sectors.Several large and small industry players participate extensively in environmentally sustainable tactics in manufacturing chemicals such as Alumina Trihydrate. Leveraging advanced machinery and equipment to enhance manufacturing capabilities is also aiding in driving competitiveness in the market. Numerous collaborations and partnerships are strengthening the market competencies of the key players. This offers them a competitive edge to sustain their market position.
Influencing Trend:
The Growing Pharmaceuticals Industry Worldwide and Increasing Demand for Flame Retardants Across the Globe
Market Growth Drivers:
Rising Demand due to use in Adhesives and Paints & Coatings Industries and Increased Demand within the Automotive Industry of Fireproof Plastics
Challenges:
The Availability of Non-Toxic Substitutes Such as Calcium Carbonate and Magnesium Hydroxide
Restraints:
The Growing Concern Related to Limited Thermal Stability in High-Temperature Applications and Lack of Awareness Regarding the Advantages of Alumina Trihydrate for Water Treatment
Opportunities:
Use of Aluminum Hydroxide in Water Treatment Plants in Residential Areas and Increase in Stringent Regulations by the Governments of Various Countries for the Use of Flame Retardants in Furniture and Construction Activities
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Alumina Trihydrate Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Alumina Trihydrate Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Alumina Trihydrate players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Alumina Trihydrate Study Sheds Light on
The Alumina Trihydrate Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Alumina Trihydrate industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Alumina Trihydrate industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.