Worldwide Research on Aluminum Trihydrate Market Overview, Industry Top Manufactures, Market Size, Industry Growth Analysis & Forecast to 2022

Market Overvie
Aluminum trihydrate (ATH) is an odorless, white powder obtained from the bauxite through bayer process. ATH is also known as alumina hydrate, aluminum tri-hydroxide, and aluminum hydroxide. It is widely known for its flame retardant, smoke suppression, thermal stability, and arc & track resistance properties. It finds application in various end-use industries such as construction, electrical, automotive, plastic, paper, and paints & coatings among others. ATH is widely used in the production of aluminum and other industrial chemicals such as sodium aluminate, aluminum chloride, and aluminum sulfate owing to versatility and low cost. Its usage is rapidly increasing in the construction, plastic and paper industry due to its flame retardant property,. The product demand is surging from the paints & coatings industry as a result of improved viscosity and high gloss. ATH is extensively used in the textile industry owing to rising demand for the waterproof fabrics. The product consumption is expanding in cosmetics and personal care products for functions such as skin protectant and opacifier.

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Competitive Analysis

 Huber Engineered Materials
 Alfa Aesar
 Sumitomo Chemical Co., Ltd
 Albemarle Corporation
 SHOWA DENKO K.K.
 Alcoa Corporation
 Aluminium Corporation of China Limited
 Nabaltec AG
 NALCO
 MAL-Hungarian Aluminium Producer
 Trading Co.

Market Segmentation

The global aluminum trihydrate market is segmented into applications, end-use industry, and region.

On the basis of the application, the market is segmented into industrial chemicals, caulks & sealants, adhesives, wire & cables, coatings, printing inks, ceramics, and rubber.

Based on the end use industry, the global aluminum trihydrate market is segmented into construction, electrical, automotive, paints & coatings, paper, plastic, textile, pharmaceuticals, and cosmetics & personal care.

On the basis of the region, the aluminum trihydrate market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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Regional Analysis

Asia Pacific is accounted for the largest share of the aluminum trihydrate market in 2016 and is expected to grow at a significant rate during the review period. Growing construction industry due to rising investment in the residential buildings coupled with expanding population and increasing disposable income among consumers is propelling the market growth. Additionally, investments by the Indian government in various projects such as Green Energy Corridor, wind, and solar power projects are likely to boost the ATH demand over the forecast period. The initiative was taken by the Chinese government “One Belt, One Road” to improve the transportation infrastructure is expected to augment ATH market growth. Moreover, increasing emphasis on the green building projects to promote environmentally friendly buildings is another factor driving the market growth in this region. Expanding automotive industry with rising automobile production in the developing economies is fuelling the product demand. Additionally, the shift of manufacturing base by the multinational players from developed economies to developing economies due to easy availability of raw material, and low cost is expected to influence market growth positively.
North America is expected to witness aluminum trihydrate growth due to the revival of residential construction sector coupled with easy mortgage regimes. Increasing demand for water-based coatings from the automotive industry is uplifting the market growth. Low VOC content along with application suitability are prominent factors that have fueled the consumption of water-based paints & coatings among end-use industries including automotive, construction, and electrical & electronics among others.

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