Global Alumina Trihydrate Market Size 2019 Growth, Trends, and Forecast
Category: #business  By Deepak Pardhi  Date: 2019-08-26
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Global Alumina Trihydrate Market Size 2019 Growth, Trends, and Forecast

Alumina trihydrate market size is expected to register a prominent CAGR during the forecast period driven by product properties including chemical inertness, thermal conductivity, flame retardants and smoke suppression. The product is an amphoteric compound and occurs naturally in the form of gibbsite, bayerite, nordstrandite and doyletie. It is a white crystalline and non-abrasive powder commercially manufactured by dissolving sodium hydroxide and bauxite.

The product is a major mineral fire-retardant functioning on the principle of endothermic decomposition. It is used in production of flame-retardant plastics including polyethylene and polyvinyl chloride (PVC) along with usage in electronics application in fireproof wires & cables and in furnishing industry for carpet back coatings. These factors are likely to promote alumina trihydrate market demand in forecast timeline. 

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Alumina trihydrate market size is poised to grow owing to its usage in chemical operations including filtering medium, ion exchange and chromatography devices. Product derivative exhibit performance characteristics for effluent water treatment in oil, chemical, paper, textile, food and dairy industries. It works on removal through floatation or suppression by neutralizing negative charge on colloidal and suspended matter. The product also promotes efficient dewatering and sludge digestion. Depleting freshwater sources in along with stringent environmental norms would propel industrial wastewater treatment market, which will thereby propel product demand.

Aluminum hydroxide in powder or dust form might cause irritation in skin eye and respiratory tract. Ingestion of product would likely have harmful and adverse effect on humans. The product is advised to be stored in cool dry and ventilated place. It is suggested to be covered when not in use. These factors along with availability of alternative chemicals might adversely affect industry profitability and alumina trihydrate market price trend.

Asia Pacific led by Japan, China and India alumina trihydrate market is likely to experience significant growth in the projected timeline owing to it application in pharmaceutical industry. Growing investment in healthcare along with adoption of healthier lifestyle is likely to drive regional market size.

North America led by Mexico, Canada and the U.S. alumina trihydrate market size is likely to grow over the forecast timeframe owing to rising demand from fire safe applications in construction and automobile industries. Stringent safety regulations for fire safety would propel industry size owing to its flame retardant and smoke suppression properties.

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Global alumina trihydrate market share is slightly consolidated. Key players include Akrochem Corporation, Huber Engineered Materials, Almatis, LKAB Minerals AB, Aluminum Corporation of China Ltd. (Chalco), Nabaltec AG, Aditya Birla Management Corporation Pvt. Ltd., Albemarle Corporation Alumina - Chemicals & Castables, Alfa Aesar, and MAL-Hungarian Aluminium Producer and Trading Co.

Alumina Trihydrate Market, By Application, 2014-2025 (Tons) (USD Million)

  • Fire Retardant
  • Coagulant
  • Catalyst
  • Antacids
  • Vaccine
  • Mineral extender
  • Flame Retardant
  • Smoke suppressant
  • Others

Methodology used in the Market Report –

Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

Market Insight Coverage

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About Author

Deepak Pardhi    

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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