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Global Alumina Trihydrate (ATH) Market is Expected to Reach USD 7,609.3 Million by the End of 2026

08-12-2021 03:34 PM CET | Health & Medicine

Press release from: INFINITY BUSINESS INSIGHTS

Infinity analysts forecast the global Alumina Trihydrate (ATH) market to grow at a CAGR of 5.1% during the forecast period, according to their latest market research report.

Strong product demand as flame retardants to bolster the growth of Alumina Trihydrate (ATH); consistent demand from the polymer industry to boost market growth.

Alumina Trihydrate is extracted from bauxite ore using the Bayer process and is a hydrated oxide form of aluminum. Alumina Trihydrate has a size range of 80-100 micron and the shape of block crystals. The block crystal shape imparts higher reactivity to alumina trihydrate. It is a versatile, functional compound with the primary use as a non-halogen flame retardant and smoke suppressant. Alumina Trihydrate also finds applications in adhesives & sealants, pharmaceutical industries, and paints & coatings.

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The rising product demand for compliance with stringent federal fire safety regulations and increasing product adoption in the incorporation of flame retardants for the automotive sector are the influential primary factors that would bolster the prospects of market growth during the forecast period. The increased demand for heightened performance from flame retardant substances and materials have, in turn, boosted the demand for alumina hydrate. The broad adoption of fire safety regulations that are aimed at the elimination of risks associated with accidental fires has also influenced growth in demand for alumina trihydrate. The successful product incorporation in several end-user verticals such as pharmaceuticals, polymers, paper, adhesives & sealants, and many others would further propel the growth of the market. The gradual product integration in pharmaceuticals and paints & coatings industries would offer manufacturers with new opportunities for the product application and business expansion over the forecast period.

Industrial Grade ATH and Pharmaceutical Grade ATH are covered in the Type segment of the market scope. In contrast, the application segment is categorized into Flame Retardants, Thermoplastics, Thermosets, Paints & Coatings, Adhesives & Sealants, Antacid drugs, and Others. The report covers the consumption volume of the global market by Application, with the volume expressed in K MT. The Type segment is calculated in terms of Production value and volume.

The volume of the Flame Retardants Consumption by Application is estimated to garner 13,978.6 K MT by 2026, growing at a CAGR of 5.7% from 2020 to 2026. The consistent addition of alumina trihydrate into automotive and wooden furniture coatings as fire protection material would improve the growth prospects of the segment. The focused efforts of product integration into polymer processing facilities and water treatment plants would also lead to sustainable segment growth.

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North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, Russia, and Rest of Europe.
Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia Pacific is a prominent region and holds a considerable share in terms of overall consumption volume. The continued product use as automotive flame retardants has influenced the strong growth of the regional market. The increasing product demand for application in paints & coatings would further bolster the market growth of the region.

The Alumina Trihydrate (ATH) market is moderately consolidated, with several global companies operating with expansive global reach and high-volume production capabilities. The diversification of business opportunities through strategic collaborations and extension of production volume through facility expansions are the primary business strategies of top players.

J.M. Huber Corporation is one of the most significant companies of the global Alumina Trihydrate (ATH) Market in terms of production volume, with Nabaltec AG and TOR Minerals International, Inc. among many other vendors to hold substantial market share by value and volume.

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Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering the services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.
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