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Alumina Trihydrate Market Is Predicted To Reach US$ 6.5 Billion By The End Of 2027

Alumina trihydrate (ATH) also known as alumina trihydrateas with chemical formula (AI2O3•3H2O). It is commonly utilized as flame retardant, owing to its versatility and low cost. Moreover, ATH is non-toxic chemical, inert, halogen-free, and exhibits low abrasiveness. It is mainly produced by Bayer’s process and is converted to aluminum oxide (alumina), which is mainly used in the production of aluminum. Moreover, alumina trihydrate has application as an antacid medication for the treatment of gastrointestinal condition.

Statistics:

The global alumina trihydrate market is estimated to account for around US$ 3,900 Mn in terms of value, and 6,700 MT in terms of volume, by the end of 2019

Drivers:

Driver 1

The rising demand for flame retardants from the construction industry and automotive industry are expected to drive demand for alumina trihydrate, which is further expected to fuel the market growth over the forecast period. Moreover, rising implementation of stringent rules and regulations about vehicle safety is further expected to propel the market growth. Furthermore, rising demand for chemical compounds such as polyaluminum chloride, calcined alumina, aluminum sulfate, sodium aluminate, alumina nitrate, and zeolites is also expected to drive the market growth over the forecast period.

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Driver 2

The increasing adoption of alumina trihydrate as a substitute for titanium dioxide pigments in paints and coatings industry, owing to its low cost is expected to propel the market growth. Moreover, growing demand for alumina trihydrate from plastic, paper industry, and building and construction industry is further expected to drive the market growth over the forecast period.

Statistics:

Among regions, in 2018, North America held a significant market share of 22.3% in terms of volume, in the global alumina trihydrate market.

Market Restraints

Restraint 1

Alumina trihydrate rapidly decompose, when the temperature exceeds 200°C. This factor is expected to restrict its adoption in applications, where materials operate at high temperature and thereby expected to hamper the market growth. Moreover, availability of substitute of Alumina trihydrates such as zinc hydroxystannate (ZHS), zinc stannate and magnesium hydroxide that are used as flame retardant owing to their excellent flame retardancy and smoke suppression properties is further expected to hinder the market growth over the forecast period.

Restraint 2

However, limited flexibility and less mechanical property of the alumina trihydrate are also expected to hinder the market growth. Moreover, the alternative of alumina trihydrate is gaining demand as adhesives from paints and coating industry, which is further expected to restrain the market growth over the forecast period.

Market Opportunities

Opportunity 1

The increasing usage of alumina trihydrate to produce other chemical compounds such as aluminum fluoride, aluminum chloride, aluminum sulfate, and sodium aluminate is expected to drive growth of the market. Moreover, it’s rising applications across various end-user industry is estimated to offer lucrative growth opportunities to the market players of alumina trihydrate over the forecast period. For instance, sodium aluminate is widely adopted in water softening and removing dissolved silica and phosphates.

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Opportunity 2

Moreover, alumina trihydrate is utilized as a raw material in the production of aluminum fluoride. Additionally, growing usage of aluminum fluoride for removal of magnesium in the refining of aluminum scrap is expected to fuel the market growth. Furthermore, rising demand for aluminum fluoride from pharmaceutical industry and others are expected to propel the market growth over the forecast period.

Statistics:

For any segment information:

Among end-use industry, the chemical industry held a dominant position in the global alumina trihydrate market, accounting for US$ 1,200 million in 2018 and is estimated to reach US$ 2,500 million by 2027, exhibiting a CAGR of 8.0% over the forecast period (2019-2027)

Market Trends/Key Takeaways

Trend 1

The increasing advent of nano technology with a polymer such as an alumina trihydrate with nanoclays reduces the negative impact on the performance of polymer additives and aids in improving the quality of non-halogenated flame retardant by making more efficient. This is expected to propel the market growth of alumina trihydrate during the forecast period.

Trend 2

Moreover, rising adoption of alumina trihydrate in engineering plastic such as electronics, construction, and automobile sectors are expected to drive its demand for flame retardants, which is further expected to fuel the market growth over the forecast period. For instance, many manufacturers are adopting alumina trihydrate as a flame retardant in electronic products due to its non-toxicity and cost-effectiveness.

  • Competitive Section:

Company Names 

Key players operating in the market include Alfa Aesar, Sumitomo Chemical Co. Ltd., Albemarle Corporation, Nabaltec AG, Huber Engineered Materials (J. M. Huber Corporation), Showa Denko K.K., NALCO, MAL Zrt., Alcoa Inc., and Aluminum Corp. of China Ltd.

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Few Recent Developments

Almatis

The company focuses on increasing its supply capacity to further increase its customer base.

  • In February 2016, Almatis increased production capacity of non-metallurgical alumina chemicals at its North America alumina refinery

  • Almatis follows a strategy of selling its shares to established investment firms

  • On 1 September 2015, Dubai International Capital (DIC) completed the sale of Almatis to OYAK, Turkey’s largest private pension fund

Albemarle Corporation

  • In July 2015, Albemarle Corporation merged with Rockwood Holdings Inc., in order to drive sustainable growth for both companies and create an established premier specialty chemicals company

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