The global alumina trihydrate market share is expected to grow at an impressive CAGR of 7.7% during the forecast period from 2023 to 2033. The market is projected to reach a valuation of USD 5,324.6 million in 2023 and surpass USD 11,180.1 million by 2033.
According to historical data from Future Market Insights, the market experienced a CAGR of 7.4% between 2018 and 2022. This robust growth is driven by the broad application of alumina trihydrate across industries such as plastics, paper, paints, and coatings.
These industries, which rely heavily on alumina trihydrate, are expected to expand, thereby driving demand for aluminum hydroxide. Notably, over 90% of alumina trihydrate production is used in aluminum manufacturing. In flame retardant applications, alumina trihydrate helps suppress and reduce fire spread in plastics.
Key trends, drivers, and challenges in the market will provide valuable insights for vendors seeking to refine their strategies and maintain a competitive edge.
Alumina trihydrate, derived from bauxite, is a translucent, white powder that converts to aluminum oxide when exposed to heat, releasing water. It is commonly used in the production of transparent lake pigments.
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Competitive Landscape
Attributing to the widespread expansion of the alumina trihydrate market, the competition is predicted to grow fiercer due to the presence of dominant regional and international players in the market. The market still has a fair way to go before it reaches a saturation point. FMI anticipates both leading and emerging players to expand production facilities based on trends from the recent past.
There are massive investments in research and development activities as manufacturers are keen on reducing costs and improving quality. Acquisitions and mergers look probable too.
In January 2023, ChemIndia, a company based in India, announced the launch of extender pigment products which include alumina hydrate. In August 2022, Cimbar Resources Inc. acquired the manufacturing assets of Imerys Carbonates USA Inc. related to calcium carbonate manufacturing.
Key Companies Profiled
- Sumitomo Chemical Co. Ltd.
- Aluminum Corp. of China Ltd.
- Nabaltec AG
- National Aluminium Company Ltd.
- Huber Engineered Materials
- SCR Sibelco NV
- R.J. Marshall Company
- Alteo
- Southern Ionics Incorporated
- ALUMINA CHEMICALS and CASTABLES
Key Segments of Global Alumina Trihydrate Industry
By End Use:
- Plastics
- Paper
- Paints and Coatings
- Adhesives
- Chemicals
- Pharmaceuticals
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East and Africa
- Asia Pacific excluding Japan
- Japan
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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