Growing use of the aluminum trihydrate in construction industry is projected to boost the growth of the global aluminum trihydrate market during the forecast period 2022-2030

Pune, India, Jan 2023 /press release/- Market Research Future Published a Cooked Research Report on Global Aluminum Trihydrate Research Report.

Market Synopsis

Aluminum Trihydrate (ATH) Market Size was valued at USD 1.56 billion in 2021. The aluminum trihydrate (ATH) market industry is projected to grow from USD 1.63 Billion in 2022 to USD 2.89 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.6% during the forecast period (2022 - 2030).

Alumina trihydrate or aluminum hydroxide is the hydrated aluminum oxide and has a chemical formula (AI2O3•3H2O). It is a translucent white powder with an average particle size of 80-100 microns. The alumina trihydrate is separated from the mineral bauxite using the Bayer process. The Bayer process dissolves bauxite in sodium hydroxide at high temperatures, and the alumina trihydrate is then separated from the remaining solids after the heating process. It is mainly used as a flame retardant due to its versatility and low cost. It is non-toxic, chemically inert, halogen-free and has low abrasiveness. Furthermore, alumina trihydrate is used as an antacid drug to treat gastrointestinal conditions.

The major factors driving the global market growth are Growing demand for flame retardants across major industries; and Surging use of the product in the paints and coatings industry. Also, High growth outlook in water treatment applications is likely to further propel the global market growth. However, Issues associated with thermal stability in high-temperature applications is likely to hamper the overall market growth.

Competitive Landscape

The global alumina trihydrate market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, and reliability. It is crucial for the vendors to provide cost-efficient and high-quality alumina trihydrate, in order to survive and succeed in an intensely competitive market environment.

The growth of the market vendors is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on expanding geographically and improving services. J.M. Huber Corporation, Sumitomo Chemical Co., Ltd., Nabaltec AG, LKAB Minerals AB, Sibelco, Aluminum Corporation of China Limited (CHALCO), The R.J. Marshall Company, ALTEO, and NALCO are the major companies in the market, which compete in terms of availability, quality, price, and technology. They primarily focus on the development of sophisticated alumina trihydrate. Although the international players are dominating the market, regional and foreign players with small market shares also have a presence. The international players may strengthen their presence worldwide through acquisitions during the forecast period. It has also been forecast that improvement of the global economic scenario combined with efforts to enhance infrastructure in emerging nations, is fueling the market growth, thereby making it an ideal time to launch new alumina trihydrate and increase the global market share.

Segmentation

By End-User

• BUILDING AND CONSTRUCTION: Alumina Trihydrate (ATH) is used as a flame retardant in buildings for the safety of people and building from fire accidents. Rapid urbanization, coupled with many other factors such as favorable demographics, policy reforms undertaken, and sound macroeconomic fundamentals, has made building and construction applications the fastest-growing segment. In addition to the rising production of aluminum metal, which is benefiting the sales of alumina trihydrate, the booming construction and infrastructure industry in APEJ and North America is also driving the demand for alumina trihydrate.


• ELECTRICAL AND ELECTRONICS: Alumina trihydrate flame retardants are used in various electronic applications, including conductive tracks, circuit electrodes, screens, and more. The growing electrical and electronics industry is driving the market and presenting significant growth opportunities for the alumina trihydrate flame retardant market. Flame retardants are materials in electronic and electrical equipment such as computers, laptops, phones, televisions, household appliances, and wires and cables that are treated to prevent fires, limit fire spread, and minimize fire damage. Alumina trihydrate flame retardant products in Asia Pacific are witnessing emerging growth as consumer demand for electronics is expected to rise amid a growing population.


• AUTOMOTIVE: The usage of aluminum in automobiles increased due to the demand for lightweight and high-strength products. The utilization of plastics in the automotive industry to reduce the overall weight of vehicles is expected to drive the alumina trihydrate market over the forecast period. Vehicle heat is a high-risk factor for fires, so almost all automotive plastic parts must have excellent flame retardancy. These factors drive the demand for alumina trihydrate as a flame retardant for automotive plastics. Implementation of regulations about vehicle safety by governments across the globe is projected to drive the growing demand for alumina trihydrate further.


• PAINTS AND COATINGS: Paints and coatings are used in various applications, such as automotive refinishing, construction, protective coatings, wood coatings and decorative uses. While the functional aspects of alumina trihydrate continue to place it above other industrial chemicals on the market, paints are heavily added to maintain gloss and increase clarity.


• PLASTICS: Plastics are highly resistant to chemicals and solvents. The chemical composition of the plastic during manufacturing will determine the degree of chemical resistance. Most plastics on the market have very good corrosion resistance. So, in water pipes, corrosive metals are replaced by plastics. Increasing demand for plastics in the construction and electronics industries is expected to augment the target market growth. While increasing end use is the main reason for the growing popularity of alumina trihydrate in developing regional markets, the continued growth in the volume of plastics in automation and transportation, especially engineering plastics, is more likely to boost the sales of alumina trihydrate in the near future.


• PHARMACEUTICALS: Alumina trihydrate, an antacid, is used to treat symptoms of increased stomach acid, such as heartburn, upset stomach, sour stomach, and acid indigestion. This drug is also used to lower phosphate levels in people with certain kidney diseases. Alumina trihydrate is an alkaline compound that neutralizes the hydrochloric acid in gastric secretions. The drug works by restoring acid-base balance, reducing pepsin activity, and increasing bicarbonate.


• OTHERS: The alumina trihydrate (ATH) other applications include furnishings and others.

By Application

• FLAME RETARDANTS: ATH is a cost-effective, non-reactive flame retardant used in various molding compounds. Inorganic fillers such as aluminum trihydrate are widely used as flame retardants and smoke suppressants. The main advantage of inorganic fillers is that they are non-toxic.


• FILLER: Aluminum trihydrate is the most common mineral filler in solid surface fabrication. This mineral is a white powder with thermal properties that give translucency and whiteness to the product. Hydrated alumina is dry to the touch. It is chemically bound to three water molecules and has a high melting temperature. The use of these fillers in the manufacturing of solid surfaces and polymer composites serves two purposes: to offer mechanical and physical properties required for the final product and reduce the cost of the mixture because the filler is less expensive than the resin itself.


• ANTACID: Aluminum hydroxide is an antacid that quickly lowers the stomach's acid. Usually, liquid antacids work better than tablets or capsules. This drug works only on the existing acid in the stomach. It does not prevent acid production. It can be used with and without other medicines that reduce acid production, including H2 blockers such as proton pump inhibitors such as omeprazole or cimetidine/ranitidine.


• OTHERS: The other application of alumina trihydrate (ATH) include mordant and others.

By Region

• North America: North America is projected to hold a significant share of the target market owing to growth in end-use applications and wider acceptance of ATH flame retardants in various end-use industries. The increasing use of engineering plastics in electrical & electronics, construction, and automotive industries owing to their lightweight and insulating properties is a factor expected to propel the target market growth in the region. Partnership & agreement, acquisition, expansion, product launches, and other key strategies to enhance product portfolio and strengthen their global footprints are anticipated to augment the growth of the target market in the next coming years. Additionally, the presence of domestic and international players operating in the market is about to boost the target market growth.


• Europe: ATH is a natural mineral used as a key ingredient in composite materials for solid surfacing. Many households and companies have composite materials for solid surfacing in kitchens, bathrooms, and laboratory countertops. This is a factor expected to drive the growth of the target market. Strong economic growth associated with industrial production is expected to increase the demand for plastics, thereby propelling the demand for engineering plastics. Furthermore, an increasing number of residential and commercial infrastructures in the region is a factor expected to increase the demand for plastics in the region.


• Asia Pacific: Asia Pacific is estimated to hold a major share of the alumina trihydrate market and is projected to grow rapidly over the forecast period. Alumina trihydrate is the plastic industry's most economical and widely used as a flame retardant and smoke suppressant. Plastic is used in every sector, including packaging, building and construction, textiles, consumer goods, transportation, electrical and electronics, and industrial machinery. Growing middle-class population, rising disposable income, changing lifestyles, and others are factors expected to drive demand, supporting the market growth in this region. Moreover, factors such as the ready availability of raw materials and labor, advanced technology and innovation drive economic growth in the Asia Pacific region.


• Latin America: Latin America is estimated to hold a considerable share of the alumina trihydrate market. Plastics are used in all sectors, including packaging, building and construction, textiles, consumer goods, transport, electricity and electronics, and others. Increasing demand for engineering plastics in various industries is a factor expected to boost the target market growth in the region.

Middle East & Africa: Middle East & Africa is estimated to hold a considerable share of the alumina trihydrate market. Plastics are used in all sectors, including packaging, building and construction, textiles, consumer goods, transport, electricity and electronics, and industrial machinery. Increasing demand for engineering plastics in various industries is a factor expected to boost the target market growth in the region. The Middle East and Africa is fast emerging as a region of automotive and supply chain opportunities, despite continued declines over the past few years owing to falling oil prices and geopolitical conflicts. Automakers such as Volkswagen, Toyota, GM, PSA and Mercedes-Benz are investing in local assembly, from North African countries such as Morocco, Algeria and Egypt to sub-Saharan markets such as Rwanda, Ethiopia, Kenya and Ghana. Local and global manufacturers are working with distributors to expand their market reach and increase market revenue. In addition, few companies have merged and launched new products to increase market competition and strengthen its global footprint.

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