Alumina Trihydrate Global Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Alumina Trihydrate Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $15.75 billion In 2028 At A CAGR Of 29.8% :

The alumina trihydrate market size 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 in the historic period can be attributed to flame retardant properties, demand in chemical industry , shift from halogenated flame retardants, expansion in construction sector, demand in pharmaceuticals.

The alumina trihydrate market size 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 growth in the forecast period can be attributed to healthcare and cosmetic applications, global economic development, packaging material demand, textile industry expansion, pharmaceutical industry growth. Major trends in the forecast period include global market expansion , automotive safety, innovations in packaging , water treatment solutions.

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Alumina Trihydrate Market Major Segments
The alumina trihydrate market covered in this report is segmented -

1) By Type: Ground, Wet, Dry, Precipitate
2) By Application: Flame Retardant, Filler, Antacid
3) By End-Use Industry: Plastic, Building and Construction, Paints and Coatings, Pharmaceuticals

Key Driver - Rising Demand For Flame Retardants From Construction Industry Propels Growth Of Alumina Trihydrate Market

The rising demand for flame retardants from the construction industry is expected to propel the growth of the alumina trihydrate market. The increasing number of commercial and residential establishments has increased the possibilities of explosions and fire-related accidents. Non-halogenated flame retardants form a protective char in the condensed phase or release free radicals in the event of ignition to slow fire spread. Several countries have made strict fire safety regulations and protocols mandatory. As a result, to meet government regulations, nonflammable retardants are increasingly being used in buildings, thus increasing the demand for alumina trihydrate. For instance, in its 2021 annual report, Nabaltec, a US-based chemical company, stated that the revenue in the 'Specialty Alumina' product segment increased by 24.2%, from USD 46.4 million to USD 57.6 million in 2021. Therefore, the increasing demand for non-halogenated flame retardants is driving the growth of the alumina trihydrate market.

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Prominent Trend - Alcoa Corporation's Pioneering Refinery Design Redefining Efficiency And Sustainability

Technological advancements are the key trend gaining popularity in the alumina trihydrate market. Major companies operating in the market are introducing new technologies to improve the quality of non-halogenated flame retardant by making it more efficient. Such advancements enable key players to gain a competitive edge in the market. For instance, in November 2021, Alcoa Corporation, a US-based producer of aluminum, designed an alumina refinery. The company intended to unlock decarburization at scale by using new and innovative technologies to deliver a cost-competitive refinery that will help eliminate fossil fuels in operations, reduce freshwater use, and minimize and eventually eliminate new bauxite residue deposits.

Alumina Trihydrate Market Players
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

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Largest And Fastest Growing Region In The Market
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Alumina Trihydrate Market Report Structure
3. Alumina Trihydrate Market Trends And Strategies
4. Alumina Trihydrate Market - Macro Economic Scenario
5. Alumina Trihydrate Market Size And Growth
…..
27. Alumina Trihydrate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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