The global alumina trihydrate market has grown strongly in recent years. It will grow from $2.07 billion in 2023 to $2.2 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth observed in the historical period can be attributed to various factors, including the flame retardant properties of alumina trihydrate, increasing demand in the chemical industry, a shift away from halogenated flame retardants, expansion in the construction sector, and growing demand in the pharmaceuticals industry.
The global alumina trihydrate market is expected to see strong growth in the next few years. It will grow to $2.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated growth in the forecast period can be attributed to various factors, including increased applications in healthcare and cosmetics, global economic development, rising demand for packaging materials, expansion in the textile industry, and growth in the pharmaceutical industry. Major trends expected in the forecast period include the expansion of the global market, emphasis on automotive safety, innovations in packaging, and the adoption of water treatment solutions.
The alumina trihydrate market is anticipated to experience substantial growth due to increasing demand for flame retardants within the construction industry. The proliferation of commercial and residential buildings has heightened the risk of fire-related incidents, leading to a surge in demand for non-halogenated flame retardants. These compounds, such as alumina trihydrate, play a pivotal role in fire safety by either forming a protective char in the condensed phase or releasing free radicals when ignited, thereby slowing down fire propagation. Stringent fire safety regulations imposed by numerous countries necessitate the use of nonflammable retardants in buildings, contributing significantly to the demand for alumina trihydrate. For instance, Nabaltec, a U.S.-based chemical company, reported a substantial 24.2% revenue increase in the 'Specialty Alumina' product segment, rising from USD 46.4 million to USD 57.6 million in 2021, signifying the escalating demand for non-halogenated flame retardants and subsequent growth in the alumina trihydrate market.
The surge in construction activities worldwide is poised to drive further growth in the alumina trihydrate market. Construction encompasses a broad spectrum of activities involved in erecting, renovating, or demolishing structures and infrastructure. Alumina trihydrate, widely used as a flame retardant, is integrated into various construction materials like paints, coatings, adhesives, and polymers due to its ability to release water vapor under high temperatures, effectively suppressing combustion and enhancing fire resistance in building materials. Notably, in September 2023, the Census Bureau reported an estimated seasonally adjusted annual construction spending rate of $1,996.5 billion, surpassing the revised August estimate of $1,988.3 billion, underlining the robust surge in construction activities that underpin the growth trajectory of the alumina trihydrate market.
Technological advancements stand as a key trend driving market growth in the alumina trihydrate sector. Market leaders are investing in innovative technologies to enhance the efficiency and quality of non-halogenated flame retardants, aiming for a competitive advantage. For example, in November 2021, Alcoa Corporation, a U.S.-based aluminum producer, devised an innovative alumina refinery featuring advanced technologies. The objective was to upscale decarburization while achieving cost competitiveness, minimizing fossil fuel use in operations, reducing freshwater consumption, and ultimately eliminating new bauxite residue deposits.
In August 2022, Cimbar Resources Inc., a privately held U.S.-based company specializing in the production and supply of barium sulfate and mineral products, completed the acquisition of the calcium carbonate manufacturing assets of Imerys Carbonates USA Inc. This strategic acquisition is a part of Cimbar's growth strategy aimed at expanding its product portfolio and enhancing its capacity to cater to a wider customer base across various geographical locations. Imerys Carbonates USA Inc., a subsidiary of Imerys, a France-based company renowned for its mineral-based specialty products across industries, was the previous owner of these acquired assets.
In April 2021, Cimbar Performance Minerals (CPM), a division of United Minerals and Properties, Inc. based in Chatsworth, Georgia, a U.S.-based company, successfully acquired the U.S. Barite and Alumina Trihydrate (ATH) manufacturing assets and business from Tor Minerals. The acquisition included Tor Minerals' manufacturing site, significantly expanding Cimbar's product portfolio and reinforcing its commitment to providing a diverse range of products to customers across multiple locations. Tor Minerals, a U.S.-based producer specializing in specialty mineral products known for its innovation in flame retardants, smoke suppressant fillers, engineered fillers, and other technical support solutions, was the previous owner of these assets.
Major companies operating in the alumina trihydrate market report are Albemarle Corporation, Alcoa Corporation, Aluminum Corporation of China Limited, J.M. Huber Corporation, LKAB Minerals AB, MAL-Hungarian Aluminum Producer and Trading Co., Nabaltec AG, National Aluminium Company Limited, SHOWA DENKO K.K., Sumitomo Chemical Co. Ltd., Jinan Chenxu Chemical Co. Ltd., KC Corporation, Hayashi Kasei Co. Ltd., Dadco Group, Alumina Chemicals & Castables, Hindalco Industries Ltd., Southern Ionics Incorporated, Thermo Fisher Scientific Inc., SCR Sibelco NV, R.J. Marshall Company, Alteo, Solvay S.A., Chemtura Corporation, Clariant AG, Imerys SA, Evonik Industries AG, Wacker Chemie AG, BASF SE, Dow Inc., Eastman Chemical Company
North America was the largest region in the alumina trihydrate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the alumina trihydrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the alumina trihydrate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main types of alumina trihydrate include ground, wet, dry, and precipitate. 'Ground alumina trihydrate' specifically refers to a type used in the paper industry as a whitening agent in lieu of titanium dioxide, serving as a filler material, flame retardant, and smoke suppressor. This form of alumina trihydrate is characterized by its white crystalline powder composition, low impurity content, good stability, uniform particle size, and excellent dispensability. Alumina trihydrate is widely applied in flame retardants, fillers, and antacids, finding suitability in sectors such as plastic manufacturing, building and construction, paints and coatings, and pharmaceuticals.
This report provides alumina trihydrate market statistics, including alumina trihydrate industry global market size, regional shares, competitors with alumina trihydrate market shares, detailed alumina trihydrate market segments, market trends and opportunities, and any further data you may need to thrive in the alumina trihydrate industry. This alumina trihydrate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The alumina trihydrate market consists of sales of halogen-containing flame retardants, inorganic flame retardants, and phosphorus-containing flame retardants. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The global alumina trihydrate market is expected to see strong growth in the next few years. It will grow to $2.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated growth in the forecast period can be attributed to various factors, including increased applications in healthcare and cosmetics, global economic development, rising demand for packaging materials, expansion in the textile industry, and growth in the pharmaceutical industry. Major trends expected in the forecast period include the expansion of the global market, emphasis on automotive safety, innovations in packaging, and the adoption of water treatment solutions.
The alumina trihydrate market is anticipated to experience substantial growth due to increasing demand for flame retardants within the construction industry. The proliferation of commercial and residential buildings has heightened the risk of fire-related incidents, leading to a surge in demand for non-halogenated flame retardants. These compounds, such as alumina trihydrate, play a pivotal role in fire safety by either forming a protective char in the condensed phase or releasing free radicals when ignited, thereby slowing down fire propagation. Stringent fire safety regulations imposed by numerous countries necessitate the use of nonflammable retardants in buildings, contributing significantly to the demand for alumina trihydrate. For instance, Nabaltec, a U.S.-based chemical company, reported a substantial 24.2% revenue increase in the 'Specialty Alumina' product segment, rising from USD 46.4 million to USD 57.6 million in 2021, signifying the escalating demand for non-halogenated flame retardants and subsequent growth in the alumina trihydrate market.
The surge in construction activities worldwide is poised to drive further growth in the alumina trihydrate market. Construction encompasses a broad spectrum of activities involved in erecting, renovating, or demolishing structures and infrastructure. Alumina trihydrate, widely used as a flame retardant, is integrated into various construction materials like paints, coatings, adhesives, and polymers due to its ability to release water vapor under high temperatures, effectively suppressing combustion and enhancing fire resistance in building materials. Notably, in September 2023, the Census Bureau reported an estimated seasonally adjusted annual construction spending rate of $1,996.5 billion, surpassing the revised August estimate of $1,988.3 billion, underlining the robust surge in construction activities that underpin the growth trajectory of the alumina trihydrate market.
Technological advancements stand as a key trend driving market growth in the alumina trihydrate sector. Market leaders are investing in innovative technologies to enhance the efficiency and quality of non-halogenated flame retardants, aiming for a competitive advantage. For example, in November 2021, Alcoa Corporation, a U.S.-based aluminum producer, devised an innovative alumina refinery featuring advanced technologies. The objective was to upscale decarburization while achieving cost competitiveness, minimizing fossil fuel use in operations, reducing freshwater consumption, and ultimately eliminating new bauxite residue deposits.
In August 2022, Cimbar Resources Inc., a privately held U.S.-based company specializing in the production and supply of barium sulfate and mineral products, completed the acquisition of the calcium carbonate manufacturing assets of Imerys Carbonates USA Inc. This strategic acquisition is a part of Cimbar's growth strategy aimed at expanding its product portfolio and enhancing its capacity to cater to a wider customer base across various geographical locations. Imerys Carbonates USA Inc., a subsidiary of Imerys, a France-based company renowned for its mineral-based specialty products across industries, was the previous owner of these acquired assets.
In April 2021, Cimbar Performance Minerals (CPM), a division of United Minerals and Properties, Inc. based in Chatsworth, Georgia, a U.S.-based company, successfully acquired the U.S. Barite and Alumina Trihydrate (ATH) manufacturing assets and business from Tor Minerals. The acquisition included Tor Minerals' manufacturing site, significantly expanding Cimbar's product portfolio and reinforcing its commitment to providing a diverse range of products to customers across multiple locations. Tor Minerals, a U.S.-based producer specializing in specialty mineral products known for its innovation in flame retardants, smoke suppressant fillers, engineered fillers, and other technical support solutions, was the previous owner of these assets.
Major companies operating in the alumina trihydrate market report are Albemarle Corporation, Alcoa Corporation, Aluminum Corporation of China Limited, J.M. Huber Corporation, LKAB Minerals AB, MAL-Hungarian Aluminum Producer and Trading Co., Nabaltec AG, National Aluminium Company Limited, SHOWA DENKO K.K., Sumitomo Chemical Co. Ltd., Jinan Chenxu Chemical Co. Ltd., KC Corporation, Hayashi Kasei Co. Ltd., Dadco Group, Alumina Chemicals & Castables, Hindalco Industries Ltd., Southern Ionics Incorporated, Thermo Fisher Scientific Inc., SCR Sibelco NV, R.J. Marshall Company, Alteo, Solvay S.A., Chemtura Corporation, Clariant AG, Imerys SA, Evonik Industries AG, Wacker Chemie AG, BASF SE, Dow Inc., Eastman Chemical Company
North America was the largest region in the alumina trihydrate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the alumina trihydrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the alumina trihydrate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main types of alumina trihydrate include ground, wet, dry, and precipitate. 'Ground alumina trihydrate' specifically refers to a type used in the paper industry as a whitening agent in lieu of titanium dioxide, serving as a filler material, flame retardant, and smoke suppressor. This form of alumina trihydrate is characterized by its white crystalline powder composition, low impurity content, good stability, uniform particle size, and excellent dispensability. Alumina trihydrate is widely applied in flame retardants, fillers, and antacids, finding suitability in sectors such as plastic manufacturing, building and construction, paints and coatings, and pharmaceuticals.
This report provides alumina trihydrate market statistics, including alumina trihydrate industry global market size, regional shares, competitors with alumina trihydrate market shares, detailed alumina trihydrate market segments, market trends and opportunities, and any further data you may need to thrive in the alumina trihydrate industry. This alumina trihydrate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The alumina trihydrate market consists of sales of halogen-containing flame retardants, inorganic flame retardants, and phosphorus-containing flame retardants. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Alumina Trihydrate Market Characteristics3. Alumina Trihydrate Market Trends and Strategies31. Global Alumina Trihydrate Market Competitive Benchmarking32. Global Alumina Trihydrate Market Competitive Dashboard33. Key Mergers and Acquisitions in the Alumina Trihydrate Market
4. Alumina Trihydrate Market - Macro Economic Scenario
5. Global Alumina Trihydrate Market Size and Growth
6. Alumina Trihydrate Market Segmentation
7. Alumina Trihydrate Market Regional and Country Analysis
8. Asia-Pacific Alumina Trihydrate Market
9. China Alumina Trihydrate Market
10. India Alumina Trihydrate Market
11. Japan Alumina Trihydrate Market
12. Australia Alumina Trihydrate Market
13. Indonesia Alumina Trihydrate Market
14. South Korea Alumina Trihydrate Market
15. Western Europe Alumina Trihydrate Market
16. UK Alumina Trihydrate Market
17. Germany Alumina Trihydrate Market
18. France Alumina Trihydrate Market
19. Italy Alumina Trihydrate Market
20. Spain Alumina Trihydrate Market
21. Eastern Europe Alumina Trihydrate Market
22. Russia Alumina Trihydrate Market
23. North America Alumina Trihydrate Market
24. USA Alumina Trihydrate Market
25. Canada Alumina Trihydrate Market
26. South America Alumina Trihydrate Market
27. Brazil Alumina Trihydrate Market
28. Middle East Alumina Trihydrate Market
29. Africa Alumina Trihydrate Market
30. Alumina Trihydrate Market Competitive Landscape and Company Profiles
34. Alumina Trihydrate Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on alumina trihydrate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for alumina trihydrate? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of covid 19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:
1) By Type: Ground; Wet; Dry; Precipitate2) By Application: Flame Retardant; Filler; Antacid
3) By End-Use Industry: Plastic; Building and Construction; Paints and Coatings; Pharmaceuticals
Key Companies Mentioned: Albemarle Corporation; Alcoa Corporation; Aluminum Corporation of China Limited; J.M. Huber Corporation; LKAB Minerals AB
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Albemarle Corporation
- Alcoa Corporation
- Aluminum Corporation of China Limited
- J.M. Huber Corporation
- LKAB Minerals AB
- MAL-Hungarian Aluminum Producer and Trading Co.
- Nabaltec AG
- National Aluminium Company Limited
- SHOWA DENKO K.K.
- Sumitomo Chemical Co. Ltd.
- Jinan Chenxu Chemical Co. Ltd.
- KC Corporation
- Hayashi Kasei Co. Ltd.
- Dadco Group
- Alumina Chemicals & Castables
- Hindalco Industries Ltd.
- Southern Ionics Incorporated
- Thermo Fisher Scientific Inc.
- SCR Sibelco NV
- R.J. Marshall Company
- Alteo
- Solvay S.A.
- Chemtura Corporation
- Clariant AG
- Imerys SA
- Evonik Industries AG
- Wacker Chemie AG
- BASF SE
- Dow Inc.
- Eastman Chemical Company
Methodology
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