Alumina Trihydrate Market, By End User Industry (Plastic Industry, Paper Industry, Paints & Coatings Industry, Adhesives Industry, Chemicals Industry, Pharmaceuticals Industry, Others), By Region (North America, Europe, Asia Pacific, Latin America, and Mi

Alumina Trihydrate Market, By End User Industry (Plastic Industry, Paper Industry, Paints & Coatings Industry, Adhesives Industry, Chemicals Industry, Pharmaceuticals Industry, Others), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Alumina Trihydrate, also known as Alumina Hydrate/Hydrate Alumina, ATH (Aluminum Tri Hydroxide), Aluminum Hydroxide, and Aluminum Hydrate is an odorless white powder. Although it exhibits very low solubility in water, alumina trihydrate is amphoteric, which means that it will dissolve in acid or strong alkali. Alumina Trihydrate is majorly produced through the Bayer process where the bauxite (Aluminum Ore) is dissolved in sodium hydroxide at high temperatures. After the reaction, alumina trihydrate is removed/separated from the remaining solids. These remaining solids are highly toxic and present environmental issues.

Market Dynamics

Among End User industry, the plastic industry dominated the global alumina trihydrate market, with a revenue share of 42.20% in 2022, and the use of alumina trihydrate in pharmaceutical industries is expected to gain traction during the forecast period. Alumina trihydrate is used in the formulation of antacid medicine which can be ingested in order to buffer the pH within the stomach. Therefore, significant growth in the pharmaceutical industry is expected to help drive the global alumina trihydrate market growth. For instance, according to National Plastic Industries, the global plastic market size was estimated at US$ 610.2 billion in 2022 and is expected to reach US$ 817.23 billion in 2030. Moreover, according to International Trade Association, China is the second largest pharmaceutical market worldwide the pharmaceutical market of China was valued at US$ 241 billion in 2020 and is expected to reach US$ 570.22 billion by 2028, witnessing a CAGR of 10.1%. Moreover, China's total public and private healthcare expenditure was valued at US$ 640 billion in 2015 and is expected to reach US$ 1.1 trillion by 2020.

Among regions, Asia Pacific holds a dominant position in the market during the forecast period, owing to the increasing use of Alumina Trihydrate as a flame retardant from various End User industries such as construction, automotive, among others. Significant growth in the automotive industry in emerging economies of the region such as China and India is expected to fuel demand for alumina trihydrate in the region. For instance, according to the U.S. International Trade Organization (ITA) 2017, China continues to be the world’s largest vehicle market by both annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025. Based on data from the Ministry of Industry and Information Technology, over 26 million vehicles were sold in 2021, including 21.48 million passenger vehicles, an increase of 7.1% from 2020. Commercial vehicle sales reached 4.79 million units, down 6.6% from 2020.

Key features of the study:

• This report provides in-depth analysis of Global Alumina Trihydrate market and provides market size (MT and US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
• It profiles key players in the global Alumina Trihydrate market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study 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.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
• The global Alumina Trihydrate market report caters to various stakeholders in this industry including investors, suppliers, Alumina Trihydrate manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Alumina Trihydrate market

Detailed Segmentation:

• Global Alumina Trihydrate Market, By End User Industry
• Plastic Industry
• Paper Industry
• Paints & Coatings Industry
• Adhesives Industry
• Chemicals Industry
• Pharmaceuticals Industry
• Others
• Global Alumina Trihydrate Market, By Region:
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Italy
• France
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East
• GCC
• Israel
• Rest of Middle East
• Africa
• North Africa
• Central Africa
• South Africa
• Company Profiles
• Alfa Aesar *
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Sumitomo Chemicals Co. Ltd
• Albemarle Corporation
• Nabaltec AG
• Huber Engineered Materials (J. M. Huber Corporation
• Showa Denko K.K
• Nalco
• MAL Zrt
• Alcoa Inc.
• Aluminum Corp. of China Ltd

“*” marked represents similar segmentation in other categories in the respective section.