Global Aluminum Trihydrate (ATH) Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global aluminum trihydrate market size was valued at USD 1.5 billion in 2020 and it expected to reach USD 2.4 billion by 2030, register the CAGR of 5.0% during the forecast period.Currently, technological innovations are driven by the demand for commercial and energy-efficient solutions. In the last decades, the chemical sector has witnessed significant growth globally due to the rise in demand from end-use industries including paints & coatings, polymer & plastics, cosmetics, and adhesives, and others. The growth of the chemical industry is the major factor in the development of the aluminum trihydrate market. ATH is a white-colored, non-toxic, and chemically inert substance. It is generally extracted from Bauxite ore by Baeyer’s process. Further after washing and drying it acts as feedstock for an extensive range of alumina chemicals like calcined alumina, polyaluminum chloride, aluminum sulfate, zeolites, sodium aluminate, alumina nitrate, etc. It gets decomposed at 180 C and is therefore widely used as a flame retardant. Due to its smoke suppressant quality, it is used as fillers in plastics, rubber, and polymers. It acts as a skin protecting and opacifying agent which helps in even application of skin products and protection from UV rays. It is used as mordant in dyeing, and as an antacid in pharmaceuticals.
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Market Dynamics and Factors:
The market has observed steady growth over the last few years attributed to several factors, such as growing awareness about aluminum trihydrate as a flame retardant, use in cosmetics, as smoke suppressant filler in rubber and polymer industries, and increasing emphasis on lightweight interiors of automobiles. Additionally, the development of paints & coatings industries, growing consumption in water treatment, has been a perk to the aluminum trihydrate market growth worldwide. Due to health, safety and recycling concern electrical industries are seeking non-halogenated substitutes like ATH for halogens. Apart from the growing demand for high-quality fire retardants in the automotive industry, the global demand for aluminum trihydrate is further fueled by government norms for vehicular safety. Recently, governments have emphasized vehicular safety that has eventually led to remarkable demand growth in the automotive industry. Industrial grade is dominating the aluminum trihydrate market and growing demand for lightweight and fire-resistant materials in the automotive industry, in order to provide increased efficiency and design flexibility is primarily responsible for the growth of the plastics market. High-performance plastics offer manufacturers the advantages of design and comparable strength of steel, thus, this helps in reducing the overall weight and controlling greenhouse gas emissions. Rising usage of ATH in batteries and chemicals is expected to be a prospect for the aluminum trihydrate market growth. The budding concern about the thermal stability of alumina trihydrate in high-temperature applications may restrict the growth of the alumina trihydrate market across the globe. Increasing health risk due to direct exposure is expected to hinder the aluminum trihydrate market growth.
Market Segmentation:
Global Aluminum Trihydrate (ATH) Market – By Type
Industrial Grade
Pharmaceutical Grade
Global Aluminum Trihydrate (ATH) Market – By End-User
Plastics
Buildings & Construction
Pharmaceuticals
Cosmetics
Paints & Coatings
Chemicals
Others
Global Aluminum Trihydrate (ATH) Market – By Application
Fire Retardant
Mordant
Filler
Antacid
Others
Global Aluminum Trihydrate (ATH) Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
Asia-Pacific is anticipated to be the fastest-growing market attributed to the rise in demand for flame retardants in multiple end-user industries like plastics, polymers, automotive, many others. APAC accounted the largest aluminum trihydrate market share in terms of revenue in 2019 and is expected to continue the supremacy in upcoming years. China is one of the world’s leading chemical markets and has a great impact on the regional market. Europe is projected to show significant growth in the market followed by North America.
Competitive Scenario:
Key players in the aluminum trihydrate industry are Aluminum Corporation of China Limited, Nabaltec A.G, TOR Minerals International. Inc., LKAB Minerals AB, Albemarle Corporation, Huber Engineered Materials, Alfa Aesar, Sumitomo Chemical Corporation Limited, Showa Denko K.K., and MAL Zrt, Southern Ionics Incorporated, Jinan Chenxu Chemical Ltd , KC Corporation, Hayashi Kasei Ltd, Alumina Chemicals & Castables, Spectrum Chemical Mfg. Corp, SCR - Sibelco NV, and R.J. Marshall Company.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Aluminum Trihydrate (ATH) industry, although key threats, opportunities and disruptive technologies that could shape the Global Aluminum Trihydrate (ATH) Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Aluminum Trihydrate (ATH) Market most.
The data analysis present in the Global Aluminum Trihydrate (ATH) Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Aluminum Trihydrate (ATH) Market business.
The 2021 Annual Global Aluminum Trihydrate (ATH) Market offers:
100+ charts exploring and analysing the Global Aluminum Trihydrate (ATH) Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Aluminum Trihydrate (ATH) Market type
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