Global alumina trihydrate market was valued at US$ 4,613.5 Mn in 2022, exhibiting a CAGR of 6.42 % in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 7,589.3 Mn by 2030. Alumina trihydrate (ATH) is also referred to as alumina trihydrates and has a chemical formula (AI2O3•3H2O). It is mostly used as a flame retardant owing to its versatility and low cost. It is non-toxic, chemically, inert, halogen-free, and has low abrasiveness. It is mainly produced by the Bayer process and is converted to aluminum oxide (alumina), which is mainly used in the production of aluminum. Moreover, alumina trihydrate is also used as an antacid medication for treating gastrointestinal conditions. Because alumina trihydrate acts as a heat sink, it slows pyrolysis and reduces the rate of combustion. The water vapors produced after heating have the additional benefit of diluting toxic fumes and combustion gases. Alumina trihydrate is amphoteric and has four polymorphs: bayerite, gibbsite, nordstrandite, and doyleite. It dissolves in acid and alkali, going on to release hexaaquaaluminum, tetrahydroxidoaluminate, or its hydrolysis products. Alumina trihydrate is also used to make aluminum compounds like calcined alumina, polyaluminum chloride, aluminum sulphate, zeolites, sodium aluminate, alumina nitrate, and others.
The COVID-19 pandemic has had a negative impact on the global alumina trihydrate market. Due to a significant decrease in alumina trihydrate production, the global alumina trihydrate market is expected to see a moderate decline in growth rate in 2020-2021. Covid-19 affected the market for alumina trihydrate manufacturers who supply the glass and rubber industries, which were previously thought to be non-essential. Furthermore, the majority of global companies operating in this market are based in Asia Pacific, the U.S., and Europe, all of which are negatively impacted by the pandemic. These companies, which have manufacturing facilities in China and other Asian countries, are also severely impacted. As a result, supply chain disruptions have hampered production units due to a lack of raw materials and labor. Moreover, the pandemic had also affected by price volatility. The pandemic has caused significant price fluctuations in the global alumina trihydrate market, with prices increasing or decreasing based on changes in supply and demand. Manufacturers are also struggling to maintain prices due to supply chain disruptions and reduced demands.
Figure 1. Global Alumina Trihydrate Market, By End User Industry, 2022
Global Alumina Trihydrate Market - Regional Insights
Asia Pacific held the largest revenue share of XX % in the global alumina trihydrate market in 2022, and is expected to maintain its dominance over the forecast period. Owing to the increase in the growing demand for the material in the construction and automotive industries. China, India, and Japan are the major markets for the alumina trihydrate market.
North America for global alumina trihydrate market is expected to grow due to the increasing demand for flame-retardant materials in the construction and automotive industries. The United States is the largest market share in this region, followed by Canada and Mexico.
The European global alumina trihydrate market is driven by the increasing demand for flame retardant materials in the building and the construction sector. Germany, France, and U.K. are the major contributors to the market growth in this region.
Figure 2. Global Alumina Trihydrate Market, By Region, 2022
Alumina Trihydrate Market Report Snapshots
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