Aluminum Trihydrate
Overview:
Aluminum trihydrate (ATH) is derived from bauxite and sodium hydroxide, and comes in crystalline powder form. Various other names have been given to this product like aluminum tri-hydroxide, alumina hydrate, hydrate alumina, and aluminum hydroxide. It is known for its flame-retardant properties, smoke suppression, better thermal conductivity, versatility, and chemical inertness. The global aluminum trihydrate market is all set to gain with substantial CAGR during the forecast period (2017-2023). Market Research Future (MRFR) declared that the strong growth could take the market beyond the expected valuation by the end of 2023.
The industry is all set to gain much from automotive, plastic, construction, electrical, and textile industry. These industries are providing traction to the market by demanding flame-retardant options. On the other hand, rise in disposable income can enhance the scope for better intake for myriad industries.
Competitive Landscape:
A number of companies are showing intense interest in the global aluminum trihydrate market due to its growth possibilities. These companies are Alfa Aesar (U.S.), Huber Engineered Materials (J.M. Huber Corporation, U.S.), Albemarle Corporation (U.S.), Sumitomo Chemical Co., Ltd (Japan), Alcoa Corporation (U.S.), NALCO (India), SHOWA DENKO K.K. (Japan), Nabaltec AG (Germany), Aluminium Corporation of China Limited (China), and MAL-Hungarian Aluminium Producer and Trading Co. MRFR profiled these companies for their market report on the same to ensure a complete grip over market trends.
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In December 2018, Huber announced their intention to raise the price of aluminum trihydrate to counter several factors like price hike in raw materials and others.
On the other hand, in November 2018, Alufer, in China, received Bauxite ore from Guinea. This would give a huge boost to their aluminum trihydrate production in the region.
Segmentation:
MRFR’s analysis of the global aluminum trihydrate market makes a segmentation of the market to understand latest trends. This segmentation includes application and end use.
Based on the application, the aluminum trihydrate market comprises ceramics, caulks & sealants, industrial chemicals, wire & cables, adhesives, printing inks, coatings, and rubber. In making wire & cables, aluminum trihydrate find solid utility. Various industrial coatings are also using aluminum trihydrate substantially.
By end-use industry, the global aluminum trihydrate market includes electrical, construction, paper, automotive, paints & coatings, textile, plastic, pharmaceuticals, and cosmetics & personal care. The automotive sector is having a strong growth recently due to high number of automobile sales.
Regional Analysis:
MRFR’s region-specific take on the global aluminum trihydrate market included Asia pacific (APAC), Europe, North America, Latin America, and the Middle East & Africa (MEA). This analysis is all set to score high by identifying demographical impact on the market.
The APAC market is expected to become the fastest growing market during the forecast period. The demand for the product is getting generated by the rapid growth in the construction sector as the solid infrastructural activities are boosting the demand for the same. Government initiatives are providing ample scope to the regional market to plan proper growth modules. Smart cities are also getting developed and owing to that a strong traction for the aluminum trihydrate market can be expected. Construction activities are also expected to promote high intake for paints & coating industries.
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North America’s growth is expected to be prolific due to the hike in construction industry in this region. A lot of companies are investing in the sector to with the help from government. This is pushing the global aluminum trihydrate market ahead.
Europe’s growth is expecting strong push from the automotive industry. The robust industry is expected to promote the market considerably. Also, the construction sector is expected to boost the paints & coatings industry, which will subsequently help the global market acquire more profit.
Latin America has better growth possibility with emerging economies like Brazil, Argentina, and Colombia. These countries are expected to scale up the market with substantial investment in the construction sector.
The MEA growth is all set to gain from the rapid construction activities that is taking place in the region, especially in the UAE and Qatar.
