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Market Summary

The global Alumina Trihydrate Material market is forecasted to grow at a rate of 5.4% from USD 1.64 billion in 2019 to USD 2.51 billion in 2027. Alumina Trihydrate Market is driven by the increase demand for flame retardant material, increase in usage of ATH in paint and coating industries. Safety is an important parameter of any industry, due to properties such as flame retardation, amphoteric nature of alumina trihydrate, it becomes popular for many industries like Electrical, automotive, paint and coating, use in building and construction industries.

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Alumina Trihydrate also known as aluminum hydroxide, which is non- abrasive powder obtain from bauxite using Bayer process. Alumina trihydrate produce in different grade as per the application, grades such as High grades and Standard grades.

Solubility rules, carbonate solubility rules, simple solubility rules, Aluminium Hydroxide, Magnesium Hydroxide, Aluminium Hydroxide antacid, Aluminium Hydroxide gel are some of the associated topics that are widely being researched and help propel the market growth.

Building and construction industry is growing significantly, increasing population, economic development are creating demand for more infrastructural development. Alumina Trihydrate as flame retardant is used in buildings for the safety of people and building from fire accidents. Alumina trihydrate is considered as amphoteric in nature, which means it can be dissolve in acid and alkali both and because of this it is very commonly used for the production of aluminum metals. Apart from above application, aluminum trihydrate is used for wide range of applications.

End-User Outlook:



Building and Construction sector is accounted with the market share of 35.2%, this segment has the highest market share because of increasing building and construction globally, increasing population creates the demand for the need of basic infrastructure.

Automotive sector is expected to grow and reach USD 418 Million by 2026, globally usage of automobile increasing significantly, usage of aluminum in automobile increased due to demand of lightweight and high strength product. Growth of aluminum bolster the growth of alumina trihydrate.

Applications Outlook:



Growth of flame retardant segment owes to the increasing demand of flame retardant materials and safety concern. It is expected that the flame retardant segment grow at higher rate and reach a significant market share by 2027.

Regional Outlook:



Europe dominated the Alumina Trihydrate materials market, which accounted for 32.5% of the total market share in 2019. The high prevalence of Boeing, Augusta Westland, Bell Helicopters in France, Germany, the U.K. and Russia's aerospace manufacturing facilities is expected to increase the growth of the industry as a result of the easy accessibility of consumables.

North America accounted for 23.9% of the market size of Alumina Trihydrate materials in 2019. The region is among the oldest bases for building planes, functioning from the early 1900s. It holds an essential place in the global aviation industry with large players such as Boeing in attendance. With the growing construction, North America is anticipated to grow with a CAGR of 5.8% by 2027.

Asia Pacific region has the highest market share of 34.1% among other regions. Because of increase in population in major economy such as China and India, and Increase in number of industries and production help in the growth of the alumina trihydrate.





Market-O-Nomics

Global production of aluminum increased worldwide, in 2017 total production of aluminum touches to a figure of 63.2 Million. China is accounted with the increase in production of aluminum by 10%.

Owing to the properties like light weight and high strength, it is expected to continue to be the most favorable material in the production of automobiles. This in turn, would boost the demand for alumina trihydrate market

Increase in Global vehicle ownership per capita, in 2010 it was 148 vehicles in operation per 1000 people which is increased to 174 vehicles per 1000 people in 2013. China has the largest motor vehicle base in the world, with 322 million motor vehicles

The United States comes to the second position for the motor vehicles in the world after China. The European Union member countries in 2009, had an estimated ownership rate of 473 passenger cars per 1000 people.

North America region is expected to grow with the highest CAGR of 6.0% it is expected that market will grow and reach a significant market share.

Companies considered and profiled in this market study



Southern Ionics Incorporated, Jinan Chenxu Chemical Co. Ltd., KC Corporation, Hayashi Kasei Co., Ltd, Dadco Group, Alumina Chemicals & Castables, Spectrum Chemical Mfg. Corp, Albemarle Corporation, Huber Engineered Materials, Sumitomo Chemical Company, Limited, SCR - Sibelco NV, and The R.J. Marshall Company, among others have been profiled in the report. They are significant manufacturers of Materials.

Start-up Traction



The industry possesses significant amount of opportunities for small manufacturers and startups to come up with cost-effective solutions in the manufacturing and processing. Many innovative start-ups that are growing remarkably have been profiled in the report with all their innovative techniques and developments. There is a continuous growth in demand from the end-users, which can encourage several startups to launch innovative products in this market.

Deals Landscape



Mergers and Acquisitions are an integral part of the Alumina Trihydrate Material industry. Along with the companies operating in the market, other key market players have also been entering the industry.

Expert Insights:



Reports and Data forecast promising developments for increased adoption of Alumina Trihydrate Material. According to industry experts, new manufacturers are expected to enter the market, which is likely to change the scenario. Solubility rules, carbonate solubility rules, simple solubility rules, Aluminium Hydroxide, Magnesium Hydroxide, Aluminium Hydroxide antacid, Aluminium Hydroxide gel are some of the associated topics that are widely being researched and help propel the market growth. New companies entering the industry would focus on innovating and providing through advanced technologies, thereby reducing complexity and lowering the overall total cost of operation. Experts also believe that increase in the adoption of the latest technology in emerging nations would be a key development area for the industry. However, all the strategies and forecasts for industry growth had been disrupted by the COVID-19 pandemic and everything has to be recalculated. The main players, according to experts, need to review their strategies in order to support the following COVID 19 scenario and to maintain healthy relationships with their business partners. As a result of this pandemic, the world's average disposable income would decrease. The main manufacturers of the company are expected to attempt to discover new areas.

Segments covered in the report



This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2020 to 2027. The scope of the report can be defined as:

For the purpose of this study, Reports and Data have segmented the Alumina Trihydrate Market on the basis of Type, Grades, Application, End-user, and region:

Types Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Ground ATH

Double Precipitated ATH

Grades Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

High Grades

Standard Grades

Applications Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Flame Retardant

Filler

Antacid

Others

End-user Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Building & Construction

Electrical

Automotive

Paint and coating

Plastic

Other

Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

North America U.S

Europe U.K Germany

Asia Pacific China India Japan

MEA

Latin America Brazil

