The alumina trihydrate market was worth USD 1.8 billion in 2021 and is expected to grow to USD 2.31 billion by 2027, with a CAGR of 5.7 % from 2022 to 2027.
There is a powdery solid made up of alumina trihydrate that has a white color and is odorless. Even though the water-solubility of alumina trihydrate is very low, this compound is thought to be amphoteric, meaning that it will dissolve in both acids and strong alkalis. Aluminum metal is made from alumina trihydrate, one of the most commonly used materials. The Bayer method separates alumina hydroxide from bauxite ore, whose average particle size is 80-100 microns. Alumina hydrate block crystals have high chemical reactivity. Therefore, both acids and bases can react with alumina hydrate, which is used as a raw material in various applications.
Alumina Trihydrate Market Drivers:
There are many advantages that Alumina Trihydrate can provide to various industries, including its high chemical resistance; its low viscosity; its low cost; its increased flame retardancy; its improved adhesive qualities; its high electrical insulating qualities; and its application as filler in solvent-borne coatings and polymers. These are the key factors driving the development of the Alumina Trihydrate market. As a result, many industries use alumina trihydrate, including automobiles, electronics, construction, and various other industries.
Rise in construction:
The increase in home starts and infrastructure due to urbanization and population growth are the primary drivers of the growth in construction and infrastructure projects. In the event of a fire occurring within a commercial or residential building, the greatest risk is that it will not only destroy that area but also spread rapidly, possibly harming someone in the process. The purpose of adding alumina trihydrate to a polymer molecule or mixing it with it is to reduce the spread of fire. This is to restrict and lessen the spread of fire through it. It is also possible to reduce the risk of accidents by using plastic materials made from alumina trihydrate. These elements are helping the market for alumina trihydrate, which many sectors use as a flame retardant.
Use as an Antacid:
An inorganic salt called aluminum hydroxide is used as an antacid. This substance's function is that it maintains a positive balance between hydrochloric acid and the other acids in the gastrointestinal tract. The action of pepsin can be inhibited by subsequent changes in pH levels, as pepsin is an enzyme that digests food. Additionally, prostaglandins and bicarbonate ions may also have a cytoprotective effect when they are increased. Thus, its use in the pharmaceutical industry also drives the market's growth.
Alumina Trihydrate Market Restraints:
This market has the potential to increase in size, but it is being hindered by the widespread use of alternatives to aluminum trihydrate. In addition, approximately 35% of the weight of aluminum trihydrate is released into the atmosphere as water vapor when aluminum trihydrate breaks down endothermically at 220 °C.
Alumina Trihydrate Market Key Developments:
Alumina Trihydrate Market Segmentation
Precipitate alumina trihydrate is leading the market in 2021 in terms of market share and is expected to grow at the fastest rate during the forecasted period. Precipitate alumina trihydrate is more beneficial than other types due to its numerous benefits. It is popularly used to process rubber, produce insulating foam, and chemically synthesize pigments due to its low viscosity. Additionally, it is applied to strengthen polyvinyl chloride's ability to withstand fire. In addition, they have uniform particle sizes, making them an effective catalyst for various chemical processes. Due to its special insulation qualities, it is also the best option for manufacturers to produce insulation wires. These properties of the precipitated alumina trihydrate are the driving factors for the growth of the alumina trihydrate market.
Flame retardant is leading the market in 2021 in market share and is expected to grow at the fastest rate during the forecasted period. Alumina Trihydrate is the world's most widely used flame retardant (ATH). The three water molecules in ATH are released in an endothermic process at around 428 °F (220 °C). As a result of the water molecules being released, the materials in the immediate vicinity become more flame-and smoke-resistant. Compared to halogenated chemicals, ATH is a preferable flame retardant because it does not produce harmful smoke when burned. In addition, the concern is growing over the number of fire incidents occurring in commercial and industrial areas. As a result, these key factors are driving the growth of the Alumina Trihydrate market. The Flame retardant finds its most use in the electronics and automobile industries.
By End-Use Industry:
The plastic segment in the end-use industry led the market in 2021 in market share and is expected to grow at the fastest rate during the forecasted period. Plastics are used in various industries, including infrastructure and building, consumer goods and lifestyle products, automotive and transportation, packaging, and electronics. Due to the many advantages polycarbonate offers, the automobile industry is predicted to consume the material at the highest rate. Since plastics have a reputation for being highly flexible, thermally stable, flame-retardant, and lead-free, they are ideal materials. As a result, several parts of the automotive industry are now being manufactured using plastics instead of metals as replacements for metals.
Additionally, by lowering the vehicle's weight, these plastics help to improve efficiency. To lower the risk of fire incidents, flame retardant plastics are also being employed more and more in infrastructure building. Consequently, many industries have switched from conventional plastics to fire-resistant plastics. As a result of the increasing demand for fire retardant plastics, the market has grown rapidly.
Alumina Trihydrate Market By Region:
Asia-Pacific is leading the region in market share in 2021 and is expected to grow at a high rate during the forecasted period. Among the factors contributing to alumina trihydrate's market growth in the Asia-Pacific region include increased investments in infrastructure projects in China and India, the government's tough fire safety laws across various industries, and the increasing number of vehicles being produced. As a result of the growing populations of both China and India, the Asia-Pacific region can be said to be one of the world's largest markets since both countries have growing populations. Alumina trihydrate's demand has also increased due to the rapid industrialization of developing nations, which can also contribute to a rise in the demand across industries for alumina trihydrate.
North America is expected to grow at a significant rate during the forecast period after the Asia-Pacific region. The two leading nations in the region are the USA and Canada. Many international corporations are present in this region, which is one of the main reasons for its rapid growth. In addition, government support for diverse businesses, as well as high expenditures on research and development, are both contributing to the growth of the economy.
Flame retardant, as well as rising use of plastics.
The Precipitate alumina trihydrate segment is projected to grow during the forecast period because of its various advantages.
The market is expected to grow at a rate of 5.7 % CAGR during the forecasted period (2022-2027).
North America is leading the market in terms of share in 2021.
Sumitomo Chemical Company Limited, Huber Engineered Materials, Thermo Fisher Scientific, Hindalco Industries Ltd, and others are the major players in the Alumina Trihydrate market.
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