The global alumina trihydrate (ATH) market is projected to grow from USD 1.51 Billion in 2018 to USD 1.99 Billion by 2023, at a CAGR of 5.7% from 2018 to 2023. The growth of the alumina trihydrate market is driven by the rising demand for alumina trihydrate as a flame retardant or filler from the plastics, building & construction, and other end-use industries and increasing regulations related to fire safety.
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The growth of the alumina trihydrate market can be attributed to flourishing plastics and building & construction industries globally with the increasinguse of alumina trihydrate in various applications. The rising demand for fire safety and cost-effective fillers has led to the increased consumption of alumina trihydrate in various end-use industries such as plastics.
Alumina trihydrate has a wide application area; however, it’s not suitable for high-temperature applications.
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Break-up of primary interviews is given below:
- By Company Type: Tier 1 – 35%, Tier 2 – 41%, Tier 3 – 24%
- By Designation: C level – 56%, Director level – 28%, Others – 16%
- By Region:Asia Pacific – 33%, North America – 27%, Europe– 20%, Middle East & Africa – 13%, South America – 7%
Alumina trihydrate is used in several end-use industry applications, such as thermosets, conveyor belts, PVC, adhesives, sealants, etc. The flame retardant application segment is expected to grow at the highest rate due to the growing demand for fire safety and thermal stability in various applications from emerging economies such as Iran and Saudi Arabia across the globe.
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The alumina trihydrate market has been segmented into flame retardant, filler, antacid, and others. The flame retardant segment is expected to grow at the highest CAGR during the forecast period due to the growing demand for flame retardant for fire safety in various applications such as wires & cables, and plastics product, among others.
Alumina trihydrate is used as a filler in polyester resins, epoxy coatings, and urethane used in plastics,
1 Attractive Growth Opportunities in the Alumina Trihydrate Market
2 Alumina Trihydrate Market, By End-Use Industry
3 Alumina Trihydrate Market, By Application and End-Use Industry
4 Alumina Trihydrate Market, By Country
5 Alumina Trihydrate Market: Emerging & Developed Economies
Key players operating in the alumina trihydrate market include Albemarle Corporation (US), Huber Engineered Materials (US), Nabaltec AG (Germany), and LKAB Minerals AB (Sweden), among others. These companies focus on investing in capacity expansions of plants to grow in the alumina trihydrate market.
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The alumina trihydrate market has been segmented into plastics, building & construction, paints & coatings, pharmaceutical, glass, rubber, and others. The plastics segment is estimated to account for a major share of the overall alumina trihydrate market in 2018.
Urbanization and the need for fire safety are factors leading to the increased demand for plastics.
2 Expansions: the Most Popular Growth Strategy
3 Competitive Situation and Trends
6 Joint Ventures
The consumption of alumina trihydrate as a flame retardant is high in the building & construction sector. The growing building safety awareness among masses has led to the development of energy-efficient buildings.
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