Alumina Trihydrate Market
Growth Factors of Alumina Trihydrate Market
The alumina trihydrate market size was valued at USD 4.21 billion in 2023, and the market is now projected to grow from USD 4.45 billion in 2024 to USD 7.14 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period of 2023-2030.
The market is witnessing a decline in production and supply chain due to COVID-19 pandemic which is hindering the garbage truck bodies market growth. The waste creation has reduced due to lockdowns and economic slowdown led to reduction in alumina trihydrate market growth.
The rising urbanization and expansion of infrastructure particularly in emerging economies. The need for flame-retardant compounds in building supplies such paints, varnishes, and adhesives is therefore growing. Aluminum trihydrate is well known for its flame-retardant quality hence becoming popular among consumers as it may make materials less flammable, improving the safety of buildings and structures against fires. Due to adoption of cutting-edge technology and treatment in water treatment, market is expanding. Another factor influencing alumina trihydrate market growth is the use of Alumina trihydrate as an additives in a variety of materials.
Additionally, due to growing awareness of expenditure on healthcare services and improved reimbursement policies market is witnessing growth. Alum will continue to be relevant in the ever-evolving field of water treatment technologies thanks to innovations like modified forms of aluminum hydroxide nanoparticles and hybrid coagulant formulations that attempt to address growing contaminants and improve treatment outcomes even more.
Comprehensive Analysis of Alumina Trihydrate Market
The alumina trihydrate market is witnessing an exponential rate due to its market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by types of applications and by end use industries. The types of application include, Flame Retardant, Catalyst, Filler, and Others and by end use industries include Water Treatment, Building & Construction, Paints and Coatings, Glass, Plastic, Pharmaceutical, and Others. Flame retardant hold major alumina trihydrate market share during projected period.
In alumina trihydrate market, the Asia Pacific region lead the devices market by benefitting a market size of USD 1.87 billion in 2023 owing to robust expansion of infrastructure and rising urbanization.
The top players in the market play a crucial role in the industry assuring industrial prospectus growth and setting market standards. These players include, Sibelco (Belgium), Niknam Chemicals Private Limited (India), The Chemical Company (U.S.), Hindalco Industries Ltd. (India), Astrra Chemicals (India), Gujarat Credo Alumina Chemicals Ltd. (GCACL) (India), ACURO ORGANICS LIMITED (India), The R.J. Marshall Company (U.S.), ATAMAN Chemicals (Türkiye), TOR Minerals and (Netherlands) these market players provide a level-playing competitive landscape.
In February 2024, Emirates Global Aluminum declared that it had joined a deal with the Alumina Industrial Company to supply alumina. The goal of this partnership is to support the development of a new industry focused on using alumina to produce niche goods.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion), Volume (Kilo Tons)
Growth Rate CAGR of 6.1% from 2024 to 2032
Segmentation By Application
- Flame Retardant
- Catalyst
- Filler
- Others
- Water Treatment
- Building & Construction
- Paints and Coatings
- Glass
- Plastic
- Pharmaceutical
- Others
- North America (By Application, End-use Industry, and Country)
- U.S. (By End-use Industry)
- Canada (By End-use Industry)
- Europe (By Application, End-use Industry, and Country)
- Germany (By End-use Industry)
- U.K. (By End-use Industry)
- France (By End-use Industry)
- Italy (By End-use Industry)
- Spain (By End-use Industry)
- Rest of Europe (By End-use Industry)
- Asia Pacific (By Application, End-use Industry, and Country)
- China (By End-use Industry)
- India (By End-use Industry)
- Japan (By End-use Industry)
- South Korea (By End-use Industry)
- Rest of East Asia (By End-use Industry)
- Latin America (By Application, End-use Industry, and Country)
- Brazil (By End-use Industry)
- Mexico (By End-use Industry)
- Rest of Latin America (By End-use Industry)
- Middle East & Africa (By Application, End-use Industry, and Country)
- South Africa (By End-use Industry)
- GCC (By End-use Industry)
- Rest of the Middle East & Africa (By End-use Industry)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Trends
- 4.2. Key Developments
- 4.3. Insights on Regulatory Scenario
- 4.4. Latest Technological Advancements
- 4.5. Porters Five Forces Analysis
- 4.6. Qualitative Insights on Impact of COVID-19 on Market
- 5. Global Alumina Trihydrate Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Application (Value/Volume)
- 5.2.1. Flame Retardant
- 5.2.2. Catalyst
- 5.2.3. Filler
- 5.2.4. Others
- 5.3. By End-use Industry (Value/Volume)
- 5.3.1. Water Treatment
- 5.3.2. Building & Construction
- 5.3.3. Paints and Coatings
- 5.3.4. Glass
- 5.3.5. Plastic
- 5.3.6. Pharmaceutical
- 5.3.7. Others
- 5.4. By Region (Value/Volume)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Alumina Trihydrate Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Application (Value/Volume)
- 6.2.1. Flame Retardant
- 6.2.2. Catalyst
- 6.2.3. Filler
- 6.2.4. Others
- 6.3. By End-use Industry (Value/Volume)
- 6.3.1. Water Treatment
- 6.3.2. Building & Construction
- 6.3.3. Paints and Coatings
- 6.3.4. Glass
- 6.3.5. Plastic
- 6.3.6. Pharmaceutical
- 6.3.7. Others
- 6.4. By Country (Value/Volume)
- 6.4.1. U.S.
- 6.4.1.1. By End-use Industry (Value/Volume)
- 6.4.1.1.1. Water Treatment
- 6.4.1.1.2. Building & Construction
- 6.4.1.1.3. Paints and Coatings
- 6.4.1.1.4. Glass
- 6.4.1.1.5. Plastic
- 6.4.1.1.6. Pharmaceutical
- 6.4.1.1.7. Others
- 6.4.2. Canada
- 6.4.2.1. By End-use Industry (Value/Volume)
- 6.4.2.1.1. Water Treatment
- 6.4.2.1.2. Building & Construction
- 6.4.2.1.3. Paints and Coatings
- 6.4.2.1.4. Glass
- 6.4.2.1.5. Plastic
- 6.4.2.1.6. Pharmaceutical
- 6.4.2.1.7. Others
- 7. Europe Alumina Trihydrate Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Application (Value/Volume)
- 7.2.1. Flame Retardant
- 7.2.2. Catalyst
- 7.2.3. Filler
- 7.2.4. Others
- 7.3. By End-use Industry (Value/Volume)
- 7.3.1. Water Treatment
- 7.3.2. Building & Construction
- 7.3.3. Paints and Coatings
- 7.3.4. Glass
- 7.3.5. Plastic
- 7.3.6. Pharmaceutical
- 7.3.7. Others
- 7.4. By Country (Value/Volume)
- 7.4.1. Germany
- 7.4.1.1. By End-use Industry (Value/Volume)
- 7.4.1.1.1. Water Treatment
- 7.4.1.1.2. Building & Construction
- 7.4.1.1.3. Paints and Coatings
- 7.4.1.1.4. Glass
- 7.4.1.1.5. Plastic
- 7.4.1.1.6. Pharmaceutical
- 7.4.1.1.7. Others
- 7.4.2. UK
- 7.4.2.1. By End-use Industry (Value/Volume)
- 7.4.2.1.1. Water Treatment
- 7.4.2.1.2. Building & Construction
- 7.4.2.1.3. Paints and Coatings
- 7.4.2.1.4. Glass
- 7.4.2.1.5. Plastic
- 7.4.2.1.6. Pharmaceutical
- 7.4.2.1.7. Others
- 7.4.3. France
- 7.4.3.1. By End-use Industry (Value/Volume)
- 7.4.3.1.1. Water Treatment
- 7.4.3.1.2. Building & Construction
- 7.4.3.1.3. Paints and Coatings
- 7.4.3.1.4. Glass
- 7.4.3.1.5. Plastic
- 7.4.3.1.6. Pharmaceutical
- 7.4.3.1.7. Others
- 7.4.4. Italy
- 7.4.4.1. By End-use Industry (Value/Volume)
- 7.4.4.1.1. Water Treatment
- 7.4.4.1.2. Building & Construction
- 7.4.4.1.3. Paints and Coatings
- 7.4.4.1.4. Glass
- 7.4.4.1.5. Plastic
- 7.4.4.1.6. Pharmaceutical
- 7.4.4.1.7. Others
- 7.4.5. Spain
- 7.4.5.1. By End-use Industry (Value/Volume)
- 7.4.5.1.1. Water Treatment
- 7.4.5.1.2. Building & Construction
- 7.4.5.1.3. Paints and Coatings
- 7.4.5.1.4. Glass
- 7.4.5.1.5. Plastic
- 7.4.5.1.6. Pharmaceutical
- 7.4.5.1.7. Others
- 7.4.6. Rest of Europe
- 7.4.6.1. By End-use Industry (Value/Volume)
- 7.4.6.1.1. Water Treatment
- 7.4.6.1.2. Building & Construction
- 7.4.6.1.3. Paints and Coatings
- 7.4.6.1.4. Glass
- 7.4.6.1.5. Plastic
- 7.4.6.1.6. Pharmaceutical
- 7.4.6.1.7. Others
- 8. Asia-Pacific Alumina Trihydrate Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Application (Value/Volume)
- 8.2.1. Flame Retardant
- 8.2.2. Catalyst
- 8.2.3. Filler
- 8.2.4. Others
- 8.3. By End-use Industry (Value/Volume)
- 8.3.1. Water Treatment
- 8.3.2. Building & Construction
- 8.3.3. Paints and Coatings
- 8.3.4. Glass
- 8.3.5. Plastic
- 8.3.6. Pharmaceutical
- 8.3.7. Others
- 8.4. By Country (Value/Volume)
- 8.4.1. China
- 8.4.1.1. By End-use Industry (Value/Volume)
- 8.4.1.1.1. Water Treatment
- 8.4.1.1.2. Building & Construction
- 8.4.1.1.3. Paints and Coatings
- 8.4.1.1.4. Glass
- 8.4.1.1.5. Plastic
- 8.4.1.1.6. Pharmaceutical
- 8.4.1.1.7. Others
- 8.4.2. India
- 8.4.2.1. By End-use Industry (Value/Volume)
- 8.4.2.1.1. Water Treatment
- 8.4.2.1.2. Building & Construction
- 8.4.2.1.3. Paints and Coatings
- 8.4.2.1.4. Glass
- 8.4.2.1.5. Plastic
- 8.4.2.1.6. Pharmaceutical
- 8.4.2.1.7. Others
- 8.4.3. Japan
- 8.4.3.1. By End-use Industry (Value/Volume)
- 8.4.3.1.1. Water Treatment
- 8.4.3.1.2. Building & Construction
- 8.4.3.1.3. Paints and Coatings
- 8.4.3.1.4. Glass
- 8.4.3.1.5. Plastic
- 8.4.3.1.6. Pharmaceutical
- 8.4.3.1.7. Others
- 8.4.4. South Korea
- 8.4.4.1. By End-use Industry (Value/Volume)
- 8.4.4.1.1. Water Treatment
- 8.4.4.1.2. Building & Construction
- 8.4.4.1.3. Paints and Coatings
- 8.4.4.1.4. Glass
- 8.4.4.1.5. Plastic
- 8.4.4.1.6. Pharmaceutical
- 8.4.4.1.7. Others
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. By End-use Industry (Value/Volume)
- 8.4.5.1.1. Water Treatment
- 8.4.5.1.2. Building & Construction
- 8.4.5.1.3. Paints and Coatings
- 8.4.5.1.4. Glass
- 8.4.5.1.5. Plastic
- 8.4.5.1.6. Pharmaceutical
- 8.4.5.1.7. Others
- 9. Latin America Alumina Trihydrate Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Application (Value/Volume)
- 9.2.1. Flame Retardant
- 9.2.2. Catalyst
- 9.2.3. Filler
- 9.2.4. Others
- 9.3. By End-use Industry (Value/Volume)
- 9.3.1. Water Treatment
- 9.3.2. Building & Construction
- 9.3.3. Paints and Coatings
- 9.3.4. Glass
- 9.3.5. Plastic
- 9.3.6. Pharmaceutical
- 9.3.7. Others
- 9.4. By Country (Value/Volume)
- 9.4.1. Brazil
- 9.4.1.1. By End-use Industry (Value/Volume)
- 9.4.1.1.1. Water Treatment
- 9.4.1.1.2. Building & Construction
- 9.4.1.1.3. Paints and Coatings
- 9.4.1.1.4. Glass
- 9.4.1.1.5. Plastic
- 9.4.1.1.6. Pharmaceutical
- 9.4.1.1.7. Others
- 9.4.2. Mexico
- 9.4.2.1. By End-use Industry (Value/Volume)
- 9.4.2.1.1. Water Treatment
- 9.4.2.1.2. Building & Construction
- 9.4.2.1.3. Paints and Coatings
- 9.4.2.1.4. Glass
- 9.4.2.1.5. Plastic
- 9.4.2.1.6. Pharmaceutical
- 9.4.2.1.7. Others
- 9.4.3. Rest of Latin America
- 9.4.3.1. By End-use Industry (Value/Volume)
- 9.4.3.1.1. Water Treatment
- 9.4.3.1.2. Building & Construction
- 9.4.3.1.3. Paints and Coatings
- 9.4.3.1.4. Glass
- 9.4.3.1.5. Plastic
- 9.4.3.1.6. Pharmaceutical
- 9.4.3.1.7. Others
- 10. Middle East & Africa Alumina Trihydrate Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Application (Value/Volume)
- 10.2.1. Flame Retardant
- 10.2.2. Catalyst
- 10.2.3. Filler
- 10.2.4. Others
- 10.3. By End-use Industry (Value/Volume)
- 10.3.1. Water Treatment
- 10.3.2. Building & Construction
- 10.3.3. Paints and Coatings
- 10.3.4. Glass
- 10.3.5. Plastic
- 10.3.6. Pharmaceutical
- 10.3.7. Others
- 10.4. By Country (Value/Volume)
- 10.4.1. South Africa
- 10.4.1.1. By End-use Industry (Value/Volume)
- 10.4.1.1.1. Water Treatment
- 10.4.1.1.2. Building & Construction
- 10.4.1.1.3. Paints and Coatings
- 10.4.1.1.4. Glass
- 10.4.1.1.5. Plastic
- 10.4.1.1.6. Pharmaceutical
- 10.4.1.1.7. Others
- 10.4.2. GCC
- 10.4.2.1. By End-use Industry (Value/Volume)
- 10.4.2.1.1. Water Treatment
- 10.4.2.1.2. Building & Construction
- 10.4.2.1.3. Paints and Coatings
- 10.4.2.1.4. Glass
- 10.4.2.1.5. Plastic
- 10.4.2.1.6. Pharmaceutical
- 10.4.2.1.7. Others
- 10.4.3. Rest of Middle East & Africa
- 10.4.3.1. By End-use Industry (Value/Volume)
- 10.4.3.1.1. Water Treatment
- 10.4.3.1.2. Building & Construction
- 10.4.3.1.3. Paints and Coatings
- 10.4.3.1.4. Glass
- 10.4.3.1.5. Plastic
- 10.4.3.1.6. Pharmaceutical
- 10.4.3.1.7. Others
- 11. Company Profiles (Overview, Description, Product Portfolio, Financials (As per Availability), Recent Developments)
- 11.1. Sibelco
- 11.1.1. Overview
- 11.1.2. Description
- 11.1.3. Product Portfolio
- 11.1.4. Financials (As per Availability)
- 11.1.5. Recent Developments
- 11.2. Niknam Chemicals Private Limited
- 11.2.1. Overview
- 11.2.2. Description
- 11.2.3. Product Portfolio
- 11.2.4. Financials (As per Availability)
- 11.2.5. Recent Developments
- 11.3. THE CHEMICAL COMPANY
- 11.3.1. Overview
- 11.3.2. Description
- 11.3.3. Product Portfolio
- 11.3.4. Financials (As per Availability)
- 11.3.5. Recent Developments
- 11.4. Hindalco Industries Ltd.
- 11.4.1. Overview
- 11.4.2. Description
- 11.4.3. Product Portfolio
- 11.4.4. Financials (As per Availability)
- 11.4.5. Recent Developments
- 11.5. Astrra Chemicals
- 11.5.1. Overview
- 11.5.2. Description
- 11.5.3. Product Portfolio
- 11.5.4. Financials (As per Availability)
- 11.5.5. Recent Developments
- 11.6. Gujarat Credo Alumina Chemicals Ltd. (GCACL)
- 11.6.1. Overview
- 11.6.2. Description
- 11.6.3. Product Portfolio
- 11.6.4. Financials (As per Availability)
- 11.6.5. Recent Developments
- 11.7. ACURO ORGANICS LIMITED
- 11.7.1. Overview
- 11.7.2. Description
- 11.7.3. Product Portfolio
- 11.7.4. Financials (As per Availability)
- 11.7.5. Recent Developments
- 11.8. The R.J. Marshall Company
- 11.8.1. Overview
- 11.8.2. Description
- 11.8.3. Product Portfolio
- 11.8.4. Financials (As per Availability)
- 11.8.5. Recent Developments
- 11.9. ATAMAN Chemicals
- 11.9.1. Overview
- 11.9.2. Description
- 11.9.3. Product Portfolio
- 11.9.4. Financials (As per Availability)
- 11.9.5. Recent Developments
- 11.10. TOR Minerals
- 11.10.1. Overview
- 11.10.2. Description
- 11.10.3. Product Portfolio
- 11.10.4. Financials (As per Availability)
- 11.10.5. Recent Developments
- 12. Strategic Recommendations
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