Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.85 Billion | USD 3.16 Billion | 5.5% | 2024 |
The global alumina trihydrate market size was worth around USD 1.85 Billion in 2024 and is predicted to grow to around USD 3.16 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.5% between 2025 and 2034. The report analyzes the global alumina trihydrate market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the alumina trihydrate industry.
Alumina trihydrate finds lucrative applications as a flame retardant due to its versatility and reduced costs. Furthermore, the compound is non-toxic, chemically inert, and halogen-free having low abrasiveness. Additionally, the alumina trihydrate is used as a raw material for the production of several chemical compounds such as poly aluminum chloride, aluminum nitrate, aluminum sulfate, calcined alumina, sodium aluminate, and alumina. Furthermore, alumina trihydrate also finds application as an antacid for treating gastrointestinal conditions. For the record, alumina trihydrate is amphoteric and is classified into bayerite, nordstrandite, gibbsite, and doyleite which are polymorphs.
Rise in the product use in paints & coatings can proliferate the expansion of the global market by 2030
Escalating product penetration in the paints & coatings sector is likely to prop the expansion of the global alumina trihydrate market in the upcoming years. A surging demand for alumina trihydrate from flame-retardant plastics in the automotive sector and water treatment activities will uplift the growth of the market globally. Immense demand for halogen-free flame retardants is likely to pave the way for the expansion of the global market. Need for cost savings and enhanced performance will define the line of growth of the global market. Rise in the product usage in construction activities and as filler in various end-use sectors will drive the market trends across the globe. Launching of new products and strategic partnerships can benefit the growth of the global market in the years ahead. For instance, in August 2022, Imerys, a minerals & mining firm, signed an agreement with Cimbar Performance Minerals, a key player in producing mineral-based additives such as alumina trihydrate & barium sulfate, for selling Sahuarita Arizona operations that produce screen grade & dry coarse calcium carbonate.
Oscillations in the price of the raw components can hinder the global industry surge over 2025-2034
Fluctuations in the raw material costs can put brakes on the expansion of the alumina trihydrate industry globally. Easy availability of substitute products can prove to be detrimental to the growth of the global industry.
Humungous product procurement & usage in paints & coatings production will sketch new facets of growth for the global market
Large-scale product use in the manufacture of paints & coatings as well as the construction sector will carve new growth avenues for the global alumina trihydrate market. Growing penetration of the product in the plastics sector in the form of flame retardant will further enhance the growth space of the global market. Rise in the popularity of the product in developing countries will shape the growth of the market globally.
Health issues caused by individuals coming in contact with the product can be a huge challenge for the global industry expansion by 2034
Health hazards caused as a result of the use of the compound and increase in the market completion have proved to be a key challenge in the growth path of the global alumina trihydrate industry.
The global alumina trihydrate market is sectored into application, end-user, and region.
In application terms, the global alumina trihydrate market is segregated into filler, flame retardant, and antacid segments. Furthermore, the flame retardant segment, which acquired nearly 45.4% of the global market revenue in 2022, is set to record the highest growth rate in the ensuing years. The growth of the segment during the assessment timeframe can be due to a prominent rise in the preference for flame retardants in the electrical & electronics and automotive sectors. Apart from this, strict fire safety norms in residential and commercial complexes have further steered the demand for flame retardants.
Based on the end-user, the global alumina trihydrate industry is sectored into pharmaceuticals, plastics, glass, building & construction, paints & coatings, and rubber segments. Moreover, the plastics segment, which accumulated a major global industry share in 2022, is slated to lead the global industry over the projected timeline. The segmental surge over the prognosis period can be a result of a rise in the use of the product in the plastics segment.
Report Attributes | Report Details |
---|---|
Report Name | Alumina Trihydrate Market |
Market Size in 2024 | USD 1.85 Billion |
Market Forecast in 2034 | USD 3.16 Billion |
Growth Rate | CAGR of 5.5% |
Number of Pages | 220 |
Key Companies Covered | Nabaltec AG, NALCO India, ALMATIS, Akrochem Corporation, ALTEO, TOR Minerals, LKAB Minerals, Hindalco Industries Ltd., The R.J. Marshall Company, Huber Advanced Materials, Sumitomo Chemical Co., Ltd., Southern Ionics Inc., and others. |
Segments Covered | By Form, By End-use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is forecast to maintain its dominant position in the global alumina trihydrate market over the analysis timeframe
Asia-Pacific, which accounted for about 65% of the global alumina trihydrate market revenue in 2024, will be a leading region over the prognosis timeline. In addition to this, the regional market surge over 2025-2034 can be ascribed to thriving plastics, paints & coatings, and building & construction sectors. Strict execution of fire safety rules in various countries of APAC is projected to pave the way for humungous growth of the regional landscape over the years ahead. Presence of key manufacturers in the region will; further drive the regional market space.
The North American alumina trihydrate industry is set to register the fastest CAGR in the upcoming years owing to the rise in the use of flame retardants in the automotive and construction sectors. Moreover, countries such as the U.S. and Canada are predicted to be the major regional revenue pockets in the ensuing years.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the alumina trihydrate market on a global and regional basis.
The global alumina trihydrate market is dominated by players like:
The global alumina trihydrate market is segmented as follows;
By Form
By End-use
By Region
FrequentlyAsked Questions
Alumina trihydrate finds lucrative applications as a flame retardant due to its versatility and reduced costs. Furthermore, the compound is non-toxic, chemically inert, and halogen-free having low abrasiveness.
The global alumina trihydrate market is expected to grow due to increasing demand for non-halogenated flame retardants due to stringent fire safety regulations, rising consumption in the plastics, paints & coatings, and construction industries, and its growing application in water treatment and as a filler material.
According to a study, the global alumina trihydrate market size was worth around USD 1.85 Billion in 2024 and is expected to reach USD 3.16 Billion by 2034.
The global alumina trihydrate market is expected to grow at a CAGR of 5.5% during the forecast period.
Asia-Pacific is expected to dominate the alumina trihydrate market over the forecast period.
Leading players in the global alumina trihydrate market include Nabaltec AG, NALCO India, ALMATIS, Akrochem Corporation, ALTEO, TOR Minerals, LKAB Minerals, Hindalco Industries Ltd., The R.J. Marshall Company, Huber Advanced Materials, Sumitomo Chemical Co., Ltd., Southern Ionics Inc., among others.
The report explores crucial aspects of the alumina trihydrate market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed