Global Statistics Representing Alumina Trihydrate Market Scenario
Alumina trihydrate also referred as aluminum trihydroxide (ATH) is a non-toxic, chemically inert, less abrasive, and halogen-free white powder. It is widely used as a flame retardant. Whenever the chemical is washed and dried, it is also used as a feedstock for a huge range of alumina chemicals. Alumina trihydrate when heated at 180oC, form aluminum oxide and water and thus are used extensively as a flame retardant. Additionally, it is used in wooden furniture, tapestry, construction aggregate, as well as in antacid in the pharmaceutical industry. It mainly consists of four polymorphs: bayerite, gibbsite, nordstrandite, and doyleite. These polymorphs are amphoteric in nature, which get dissolved in acid as well as alkali releasing hexaaquaaluminum, tetrahydroxidoaluminate, or its hydrolysis products. Furthermore, it is also used in the manufacturing process of aluminum compounds such as calcined alumina, polyaluminum chloride, aluminum sulfate, zeolites, sodium aluminate, and alumina nitrate.
The rising automotive industry has resulted to an increasing demand in alumina trihydrate market for aluminum trihydroxide (ATH). According to the China Association of Automobile Manufacturers, it is estimated that the production of car in China increased to 2024800 Units in September from 1705200 Units in August of 2018.Additionally, increasing usage of alumina trihydrate in water treatment is the major factor driving the market growth. However, rising preferences for magnesium hydroxide as antacids in the pharmaceutical industry is a severe challenge to the alumina trihydrate market.
The global alumina trihydrate market is segmented by application, end-user, and region.
Based on the end-user, the market is segmented into plastics, building & construction, pharmaceuticals, paints & coatings, glass, rubber, and others.
Based on the application, the market is segmented into flame retardant, filler, antacid, and others.
Global alumina trihydrate market is classified into North America, Europe, Asia Pacific (APAC), Latin America and Middle East & Africa.
Asia Pacific is projected to hold the major alumina trihydrate market share during the forecast period 2018–2025 owing to increasing applications of flame retardant in various industries such as plastics & buildings & construction, especially in China. Presence of huge chemical manufacturing companies coupled with increasing government support is likely to drive the growth of the market.
North America is expected to dominate the global alumina trihydrate market owing to the rapidly growing construction industry, increasing expenditure on research & development activities, and good presence of leading manufacturers in the region.
Europe is estimated to drive the alumina trihydrate market during the forecasted period owing to the increasing demand for paints and coatings in the automotive industry, and booming construction industry with rising investment in the remodeling of houses and commercial buildings. Advancing technologies and well-developed infrastructure are also adding fuel to demand for alumina trihydrate. According to the International Trade Administration (ITA), it is estimated that Germany had the largest automotive sector with the sales of USD 448.2 million, 5.7 million vehicles in 2017.
Latin America and MEA is expected to witness steady alumina trihydrate market owing to the poor economic condition, poor industrial growth, and lack of government support, especially in Africa. However, the Middle East is expected to witness strong growth in the region owing to the well-developed economy and industrial base.
Some of the key players in the global alumina trihydrate market are Albemarle Corporation (U.S.), Alfa Aesar (U.S), Sumitomo Chemical Corporation Limited (Japan), Huber Engineered Materials (U.S.), Alcoa Inc. (U.S.), Aluminum Corporation of China Ltd. (China), Nabaltec AG (Germany), Showa Denko K.K. (Japan), and MAL Zrt (Hungary)
Alumina Trihydrate Market Segmentation