Alumina Trihydrate Market Report

Market Insights

"The global alumina trihydrate market size was estimated at USD 1.82 billion in 2022 and is likely to grow at a CAGR of 5.47% during 2023-2028 to reach USD 2.52 billion in 2028."

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Alumina trihydrate is a powdery, odorless, white, solid substance. With its role as a non-halogen flame retardant and smoke suppressant, it is also used as an antacid that can be ingested in order to buffer the pH within the stomach.

Alumina trihydrate can be used for different applications, such as flame retardant, filler, antacid, and others, which are used in various end-use industry such as plastics, building & construction, paints & coatings, pharmaceuticals, glass, rubber, others.

Market Dynamics

Market Drivers

The growing demand for alumina trihydrate is mainly due to its increasing usage as a flame retardant or filler from the building & construction, plastics, paints & coatings and other end-use industries and increasing regulations concerning fire safety, which in turn, is driving the market during the forecast period.

Segment Analysis

Application Trends

"The flame retardant segment accounted for the largest market share."

The market is segmented as flame retardant, filler, antacid, and others. The flame-retardant segment held the largest share of the market in 2022, and is expected to remain dominant during the forecast period due to stringent regulations of flame retardancy across many countries in building & construction, plastics, and many other industries.

End-Use Industry Trends

"The plastics segment accounted for the largest market share."

The market is segmented as plastics, building & construction, paints & coatings, pharmaceuticals, glass, rubber, others. The plastics segment dominated the alumina trihydrate market in 2022, and is likely to maintain its dominance during the forecast period. The growth of the segment is owing to the properties of Alumina trihydrate, which is known to be very effective for flame retardant and filler applications. The need for fire safety is also a major factor contributing to the demand for plastics.

Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific is estimated to be the largest-growing market for alumina trihydrate during the forecast period. The growth of the market is on account of enormous opportunities that are available in the region. Growing application of flame retardants in various end-use industries, such as building & construction and plastics is also a major factor driving the market, globally.

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Key Players

The following are the key players in the alumina trihydrate market (arranged alphabetically).

• Albemarle Corporation
• Huber Engineered Materials
• LKAB Minerals AB
• Nabaltec AG

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s alumina trihydrate market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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