Alumina trihydrate is a white crystalline or fine powder produced through Bayer Process. Alumina trihydrate is extracted from bauxite ore. Major use of alumina trihydrate include manufacture of flame retardant plastics, alumina trihydrate based chemicals as well as antacids. Alumina trihydrate is used as a flame retardant is various applications including smoke suppressant materials and flame retardant furniture. Alumina trihydrate comes in various grades such as precipitated, coarse, chemically treated and superfine. These grades can be customized and modified depending upon the end-use industry.
Drivers & Trends
Key factors fuelling the growth of the global alumina trihydrate market include increasing use of alumina trihydrate as a substitute for titanium dioxide pigments in paper and paints and coatings industry, increasing demand for flame retardant plastics in automotive industry as well as increasing growth in the use of alumina trihydrate in water treatment. However, low suitability of alumina trihydrate for high-temperature applications, lack of awareness about the benefits of alumina trihydrate in water treatment and increasing preference of alumina trihydrate alternatives such as magnesium hydroxide could pose challenges to the growth of the overall global alumina trihydrate market. Major trends included in the global alumina trihydrate market report include use of ultra-fine alumina trihydrate-in pharmaceuticals industry as well as use of alumina trihydrate in phosphate binders.
The global alumina trihydrate market is expected to be valued at US$ 5,430 Mn by 2026 and is projected to register a CAGR of 5.7% over the forecast period. The global alumina trihydrate market is segmented on the basis of end-use industry and region. On the basis of end-use industry, the market is segmented into plastics industry, paper industry, paints and coatings industry, adhesives industry, chemicals industry, pharmaceuticals industry and others. On the basis of region, the market is segmented into North America, Western Europe, Asia Pacific excluding Japan, Eastern Europe, Latin America, the Middle East & Africa and Japan.
Global Alumina trihydrate Market Analysis, by End-use Industry
In terms of value, the global alumina trihydrate market is anticipated to register a CAGR of 5.7% over the forecast period. Demand for alumina trihydrate-based flame retardants is projected to increase over the forecast period due to stringency of government regulations on the use of alumina trihydrate based flame retardants in various industries. In terms of value the chemicals industry segment in the global alumina trihydrate market is expected to expand at a significant CAGR of 6.9%, followed by plastics industry segment, which is projected to register a CAGR of 6.2% over the forecast period.
Global Alumina trihydrate Market Analysis, by Region
On the basis of region, APEJ region is projected to remain dominant over the forecast period. The region accounted for the largest market share for alumina trihydrate in 2014, accounting for 27.1% of the global alumina trihydrate market. Among countries, China is projected to play an important role in the global alumina trihydrate market in APEJ due to several factors such as concentration of chemicals industry in the country. The Western Europe alumina trihydrate market is also expected to witness robust growth over the forecast period due to increasing use of flame retardant plastics and adhesives in the region.
This report by Future Market Insights on the global alumina trihydrate market for the period 2016-2026 presents an outlook of the market across the globe. The primary objective of the report is to offer updates on market opportunities in the global alumina trihydrate market.
To understand and offer insights on the global alumina trihydrate market, the report is categorically split under two sections: market analysis by end-use industry and region. The report analyses the global alumina trihydrate market in terms of market value (US$ Mn) and volume (units).
The report starts with an overview of the global alumina trihydrate market. This section also includes FMI’s analyses of key trends, drivers and restraints from the supply and demand perspectives. Impact analysis of key growth drivers and restraints based on the weighted average model are included in the report to better equip and arm clients with crystal-clear, decision-making insights.
The next section of the report includes analysis of the global alumina trihydrate market on the basis of region. The global alumina trihydrate market is segmented into seven key regions:
The section that follows analyses the market on the basis of end-use industry and presents the forecast in terms of volume and value for the next 10 years. End-use industries covered in the report are:
To calculate the market size, the report considers average selling price of various types of alumina trihydrate across geographies. Furthermore, data points such as regional split and market split, by application, and process and qualitative inputs from primary respondents have been incorporated to arrive at the apt market estimates. The forecast presented here assesses the total revenue that is expected to be generated across the alumina trihydrate market over 2016-2026. When developing the market forecast, the starting point involves sizing up the current market, which forms the basis on how the market is anticipated to take shape in the near future. Given the characteristics of the market, we triangulated the outcome on the basis of various analysis results based on both supply side and demand side. However, quantifying the market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities in the alumina trihydrate market.
As previously highlighted, the market for alumina trihydrate is split into various sub-segments or categories, based on region and end-use industry. All these sub-segments or categories have been analysed in terms of Basis Point Share (BPS) to understand the individual segments’ relative contribution to market growth. This detailed level of information is important for identification of many key trends in the alumina trihydrate market.
Another key feature of this report is the analysis of the alumina trihydrate market by region and end-use industry and its revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global alumina trihydrate market.
In order to understand key growth segments in terms of growth and performance of the alumina trihydrate market, Future Market Insights developed a market attractiveness index. The resulting index should help providers identify real market opportunities.
In the final section of the report, the alumina trihydrate market landscape is included to provide report audiences with a dashboard view of the market players, based on categories of providers across the value chain, their presence in the alumina trihydrate product portfolio and key differentiators. Some of the major market players featured in this section are: