Aluminum Trihydrate Market Size, Revenue, Trends, Competitive Landscape Study & Analysis, Forecast To 2027
Overview:
Aluminum trihydrate (ATH) is derived from bauxite
and sodium hydroxide, and comes in crystalline powder form. Various other names
have been given to this product like aluminum tri-hydroxide, alumina hydrate,
hydrate alumina, and aluminum hydroxide. It is known for its flame-retardant
properties, smoke suppression, better thermal conductivity, versatility, and
chemical inertness. The global aluminum trihydrate market is all set to gain
with substantial CAGR during the forecast period (2017-2023). Market Research
Future (MRFR) declared that the strong growth could take the market beyond the
expected valuation by the end of 2023.
The industry is all set to gain much from automotive,
plastic, construction, electrical, and textile industry. These industries are
providing traction to the market by demanding flame-retardant options. On the
other hand, rise in disposable income can enhance the scope for better intake
for myriad industries.
Segmentation:
MRFR’s analysis of the global aluminum
trihydrate market makes a segmentation of the market to understand latest
trends. This segmentation includes application and end use.
Based on the application, the aluminum
trihydrate market comprises ceramics, caulks & sealants, industrial
chemicals, wire & cables, adhesives, printing inks, coatings, and rubber.
In making wire & cables, aluminum trihydrate find solid utility. Various
industrial coatings are also using aluminum trihydrate substantially.
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By end-use industry, the global aluminum
trihydrate market includes electrical, construction, paper, automotive, paints
& coatings, textile, plastic, pharmaceuticals, and cosmetics & personal
care. The automotive sector is having a strong growth recently due to high
number of automobile sales.
Regional Analysis:
MRFR’s region-specific take on the global
aluminum trihydrate market included Asia pacific (APAC), Europe, North America,
Latin America, and the Middle East & Africa (MEA). This analysis is all set
to score high by identifying demographical impact on the market.
The APAC market is expected to become the
fastest growing market during the forecast period. The demand for the product
is getting generated by the rapid growth in the construction sector as the
solid infrastructural activities are boosting the demand for the same.
Government initiatives are providing ample scope to the regional market to plan
proper growth modules. Smart cities are also getting developed and owing to
that a strong traction for the aluminum trihydrate market can be expected.
Construction activities are also expected to promote high intake for paints
& coating industries.
North America’s growth is expected to be
prolific due to the hike in construction industry in this region. A lot of
companies are investing in the sector to with the help from government. This is
pushing the global aluminum trihydrate market ahead.
Europe’s growth is expecting strong push
from the automotive industry. The robust industry is expected to promote the
market considerably. Also, the construction sector is expected to boost the
paints & coatings industry, which will subsequently help the global market
acquire more profit.
Latin America has better growth
possibility with emerging economies like Brazil, Argentina, and Colombia. These
countries are expected to scale up the market with substantial investment in
the construction sector.
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The MEA growth is all set to gain from
the rapid construction activities that is taking place in the region,
especially in the UAE and Qatar.
Competitive
Landscape:
A number of companies are showing intense interest
in the global aluminum trihydrate market due to its growth possibilities. These
companies are Alfa Aesar (U.S.), Huber Engineered Materials (J.M. Huber
Corporation, U.S.), Albemarle Corporation (U.S.), Sumitomo Chemical Co., Ltd
(Japan), Alcoa Corporation (U.S.), NALCO (India), SHOWA DENKO K.K. (Japan),
Nabaltec AG (Germany), Aluminium Corporation of China Limited (China), and
MAL-Hungarian Aluminium Producer and Trading Co. MRFR profiled these
companies for their market report on the same to ensure a complete grip over
market trends.
In December 2018, Huber announced their intention
to raise the price of aluminum trihydrate to counter several factors like price
hike in raw materials and others.
On the other hand, in November 2018, Alufer, in
China, received Bauxite ore from Guinea. This would give a huge boost to their
aluminum trihydrate production in the region.
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