PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235878
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235878
According to Stratistics MRC, the Global Alumina Trihydrate Market is accounted for $1.93 billion in 2022 and is expected to reach $3.02 billion by 2028 growing at a CAGR of 7.7% during the forecast period. A white, translucent powder called alumina trihydrate is used as filler in products like plastic, glass, ceramics, inks, detergents, and cosmetics. Commercially, it is utilised as a paper coating, water- and flame-retardant substance. Bauxite is a source of alumina trihydrate. Aluminium trihydrate absorbs water and transforms to aluminium oxide when heated vigorously. An effective smoke suppressant and non-halogen fire retardant is alumina trihydrate. The solid alumina trihydrate is white, odourless, and powdery. Although alumina trihydrate has relatively low water solubility, it is amphoteric, meaning it reacts in both acids and potent alkalis.
The market for alumina trihydrate is anticipated to expand due to the construction industry's increased demand for flame retardants. Explosions and fire-related catastrophes are more likely now that there are more residential and commercial buildings. In the condensed phase, non-halogenated flame retardants create a protective char or, in the case of an ignition, release free radicals to retard the spread of the fire.
The market demand may be hampered by the availability of superior antacid substitutes like magnesium hydroxide. Magnesium hydroxide, which is also used commercially as a fire retardant, also offers smoke reducing and flame retardant qualities. It could also be applied topically to treat canker sores or as a deodorant. As a result, market growth is muted during the projection period.
By employing more alumina trihydrate in the synthesis of other chemical substances including sodium aluminate, aluminium fluoride, aluminium chloride, and aluminium sulphate, market opportunities are generated. For instance, sodium aluminate is frequently used this to soften water and get rid of precipitated silica and phosphates. Fluoride of aluminium is frequently used to make ceramics. During the course of the forecast period, the marketplace for alumina trihydrate is anticipated to witness significant development prospects as a result of the growing applicability of these components across numerous end-user industries.
Alumina trihydrate decomposes quickly over 200°C, making it less appropriate for high temperatures. Its use in applications where materials are exposed to high temperatures is anticipated to be constrained by this factor. Alumina trihydrate's market expansion is also anticipated to be hampered by the availability of substitutes including such zinc hydroxystannate (ZHS), zinc stannate, and magnesium hydroxide, which are employed as flame retardants due to their superior flame retardancy and smoke suppression capabilities.
The COVID-19 pandemic epidemic has caused a substantial slowdown in the world economy. Similar to other markets, the demand for alumina trihydrate is anticipated to fall significantly. It is projected that the market would rebound and reach its pre-pandemic levels. The aluminium industry has been significantly impacted by the COVID-19 outbreak. Alumina trihydrate is primarily used by the aluminium industry, and the pandemic has drastically reduced demand for aluminium=-based products. It is anticipated that the demand for alumina trihydrate will rebound as the world economy recovers from the COVID-19 epidemic. The market is anticipated to reach its pre-pandemic levels.
The Powder segment is estimated to have a lucrative growth. With an estimated particle size that varies from 2 millimetres to 80 microns per sample, aluminium trihydrate is offered in a variety of uncoated and coated grades. Numerous solid surface materials contain aluminium trihydrate as a common primary constituent, which can make up as much as 70% of the final product. Bauxite ore, a naturally occurring substance that is the primary source of aluminium, is used to make ATH. A number of alumina compounds are made from the powder. Due to its many advantageous characteristics, alumina trihydrate is indeed the fillers of preference for so many solid manufacturing businesses.
The paints & coatings segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the use in a variety of applications, including wood coatings, building, protective coatings, and ornamental uses. A considerable portion of alumina trihydrate is applied to paints to maintain the shine and boost transparency, even while their functional properties continue to set them apart from other industrial chemicals on the market.
Asia Pacific is projected to hold the largest market share during the forecast period owing to the increase in consumption for flame retardants across a variety of end-user sectors, including plastics, polymers, automotive, and many others. In terms of revenue, Asia Pacific held the greatest market share for aluminium trihydrate, and it is anticipated that it would maintain its dominance in the years to come.
Europe is projected to have the highest CAGR over the forecast period, owing to the automobile industry's rising need for paints and coatings, as well as rising investments in residential and commercial building refurbishment. The market for alumina trihydrate is anticipated to be driven by the growing demands for paints and coatings in the European automotive sector.
Some of the key players profiled in the Alumina Trihydrate Market include: Hayashi Kasei Ltd, Aluminium Corporation of China Limited, Alcoa Corporation, J.M. Huber Corporation, Nabaltec AG, Alumina Chemicals & Castables, Spectrum Chemical Mfg. Corp, Hindalco Industries Ltd, Sumitomo Chemical Corporation Limited, Dadco Group, The R.J. Marshall Company, Dubai Aluminium Company Ltd., KC Corporation, Huber Engineered Materials (HEM), Albemarle Corporation and Lkab Minerals AB.
In November 2021, Alcoa Corporation, a US-based producer of aluminum, designed an alumina refinery. The company intended to unlock decarburization at scale by using new and innovative technologies to deliver a cost-competitive refinery that will help eliminate fossil fuels in operations, reduce freshwater use, and minimize and eventually eliminate new bauxite residue deposits.
In 2020 Nabaltec AG announced the opening of their newest U.S. production facility Naprotec LLC located in Chattanooga, TN. Naprotec LLC is a state-of-art plant dedicated to the production of wide range of ground Alumina Trihydrate (ATH) particle distributions, surface modified ground, fine precipitated ATH grades and performance enhanced ATH products.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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