The global market for Alumina Trihydrate (ATH) reached a value of USD 1.64 billion in 2019 and is projected to reach USD 2.51 billion by 2027, with a compound annual growth rate (CAGR) of 5.4%. The growth of the ATH market is primarily driven by the increased demand for flame retardant materials and the growing usage of ATH in the paint and coating industries. The need for flame retardant materials is fueled by government regulations aimed at ensuring safety. ATH possesses desirable properties such as flame retardancy, amphoteric nature, and antacid characteristics, making it popular in various industries including electrical, pharmaceutical, building and construction, plastic, automotive, paints and coatings, among others. It is also known as aluminum hydroxide and is obtained from bauxite through the Bayer process, resulting in a non-abrasive powder.
Different grades of alumina trihydrate are produced to cater to specific applications, including high grades and standard grades. The building and construction industry has witnessed significant growth due to population increase and economic development, with ATH being widely used as a flame retardant material in this sector. ATH is considered amphoteric, meaning it can dissolve in both acids and alkalis, making it commonly utilized in the production of aluminum metals. Apart from these applications, aluminum trihydrate finds extensive use in a wide range of applications.
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Additional key findings from the report include:
- The Asia Pacific region is expected to grow at a CAGR of 5.4%, followed by North America, driven by the increased demand for infrastructure and growing end-users of ATH, particularly in major economies like China and India.
- The flame retardant segment is anticipated to experience significant growth due to the rising demand for flame retardant materials and safety concerns. This segment is projected to reach USD 512.59 million.
- The lightweight and high-strength properties of ATH make it a favorable material in automobile production, which is expected to drive the demand for alumina trihydrate.
- The global vehicle ownership per capita has increased from 148 vehicles in operation per 1000 people in 2010 to 174 vehicles per 1000 people in 2013. China has the largest motor vehicle base globally, with 322 million motor vehicles.
- Key participants in the market include Southern Ionics Incorporated, Jinan Chenxu Chemical Co. Ltd., KC Corporation, Hayashi Kasei Co., Ltd, Dadco Group, Alumina Chemicals Castables, Spectrum Chemical Mfg. Corp, Albemarle Corporation, Huber Engineered Materials, Sumitomo Chemical Company, Limited, SCR - Sibelco NV, and The R.J. Marshall Company.
The Alumina Trihydrate Market is segmented based on type, grades, application, end-user, and region:
Segmentation by Types:
- Ground ATH
- Double Precipitated ATH
Segmentation by Grades:
- High grades
- Standard grades
Segmentation by Applications:
- Flame Retardant
- Filler
- Antacid
- Others
Segmentation by End-user:
- Building Construction
- Electrical
- Automotive
- Paint and Coating
- Plastic
- Other
Regional Outlook:
- North America (U.S., Canada)
- Europe (Germany, France, UK, Spain, Italy, Rest of Europe)
- Asia Pacific (China, India, Japan, Rest of Asia-Pacific)
- Middle East Africa
- Latin America (Brazil)
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