PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1789570
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1789570
Alumina Trihydrate Market is estimated to be valued at USD 5,560.9 Mn in 2025 and is expected to reach USD 8,596.2 Mn by 2032, growing at a compound annual growth rate (CAGR) of 6.42% from 2025 to 2032.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2024 | Market Size in 2025: | USD 5,560.9 Mn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 6.42% | 2032 Value Projection: | USD 8,596.2 Mn |
Alumina Trihydrate, also known as Alumina Hydrate/Hydrate Alumina, ATH (Aluminum Tri Hydroxide), Aluminum Hydroxide, and Aluminum Hydrate is an odorless white powder. Although it exhibits very low solubility in water, alumina trihydrate is amphoteric, which means that it will dissolve in acid or strong alkali. Alumina Trihydrate is majorly produced through the Bayer process where the bauxite (Aluminum Ore) is dissolved in sodium hydroxide at high temperatures. After the reaction, alumina trihydrate is removed/separated from the remaining solids. These remaining solids are highly toxic and present environmental issues.
Among End User industry, the plastic industry dominated the global alumina trihydrate market, with a revenue share of 42.20% in 2022, and the use of alumina trihydrate in pharmaceutical industries is expected to gain traction during the forecast period. Alumina trihydrate is used in the formulation of antacid medicine which can be ingested in order to buffer the pH within the stomach. Therefore, significant growth in the pharmaceutical industry is expected to help drive the global alumina trihydrate market growth. For instance, according to National Plastic Industries, the global plastic market size was estimated at USD 610.2 billion in 2022 and is expected to reach USD 817.23 billion in 2030. Moreover, according to International Trade Association, China is the second largest pharmaceutical market worldwide the pharmaceutical market of China was valued at USD 241 billion in 2020 and is expected to reach USD 570.22 billion by 2028, witnessing a CAGR of 10.1%. Moreover, China's total public and private healthcare expenditure was valued at USD 640 billion in 2015 and is expected to reach USD 1.1 trillion by 2020.
Among regions, Asia Pacific holds a dominant position in the market during the forecast period, owing to the increasing use of Alumina Trihydrate as a flame retardant from various End User industries such as construction, automotive, among others. Significant growth in the automotive industry in emerging economies of the region such as China and India is expected to fuel demand for alumina trihydrate in the region. For instance, according to the U.S. International Trade Organization (ITA) 2017, China continues to be the world's largest vehicle market by both annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025. Based on data from the Ministry of Industry and Information Technology, over 26 million vehicles were sold in 2021, including 21.48 million passenger vehicles, an increase of 7.1% from 2020. Commercial vehicle sales reached 4.79 million units, down 6.6% from 2020.
Key features of the study