Global Alumina Trihydrate Market (2020 to 2025) - Growing Use of Polymers in the Automotive Industry Presents Opportunities

DUBLIN, April 8, 2021 /PRNewswire/ -- The "Alumina Trihydrate Market by Type (Ground, Wet, Dry, Precipitate), Application (Flame Retardant, Filler, Antacid), End-Use Industry (Plastic, Building & Construction, Paints & Coatings, Pharmaceuticals, Glass, Rubber), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global alumina trihydrate market size is estimated at USD 1.5 billion in 2020 and is projected to reach USD 1.9 billion by 2025, at a CAGR of 5.5% from 2020 to 2025.

The growth of the alumina trihydrate market can be attributed to flourishing plastics and building & construction industries globally with the increasing use of alumina trihydrate in various applications. The rising demand for fire safety and cost-effective fillers has led to the increased consumption of alumina trihydrate in various end-use industries such as plastics.

Impact of COVID-19 outbreak on the alumina trihydrate market

The outbreak of COVID-19 has affected the market for alumina trihydrate manufacturers catering to the plastic, building & construction, paints & coatings and other products which were not considered as essential. Moreover, most of the global companies operating in this market are based in the Asia Pacific, US, and European countries, which are adversely affected by the pandemic. These companies having their manufacturing units in China and other Asian countries are also severely affected. Therefore, disruptions in the supply chain have resulted in hampering production units due to a lack of raw materials and workforce.

The ground segment is expected to be the largest type segment of the alumina trihydrate market during the forecast period

Ground alumina trihydrate is a white crystalline powder having low impurity content, good stability, uniform particle size, and good dispersibility. After drying, alumina hydrate is ground using mechanical mills and ceramic lined ball mills to obtain finer particle sizes. This grade is also used in paper industries as a whitening agent in place of titanium dioxide and as a filler material, flame retardant, and smoke suppressor in thermoplastics, thermosets SMC/DMC molding, FRP, PVC. Ground alumina trihydrate can improve the anti-leakage, arc resistance, wear resistance, and anti-aging performance of the products.

The flame retardant segment is expected to be the fastest-growing application segment of the alumina trihydrate market during the forecast period

Flame retardants are substances that are added to polymers and other materials used in electronics, textiles, buildings, and furniture to slow down the production of flames in case event of a fire. Flame retardants reduce the flame either by releasing moisture or by forming char. The growing number of residential and commercial establishments has increased the risks of explosions and fire-related accidents. Thus, several countries across North America and Europe have mandated stringent fire safety regulations and protocols. This has led to the increased use of flame retardant across buildings to meet these government regulations.

Plastics segment to be the fastest-growing segment in the alumina trihydrate market

Plastic materials need to be incorporated with flame retardant chemicals, as these materials can easily catch fire. With the growing consumption of plastic materials for various applications, the use of flame retardant chemicals has become inevitable, driving the growth of the market. Polyolefins are the most widely used polymers. They have a wide range of applications across all industries. The use of polyethylene and polypropylene is increasing in various consumer-centric industries. When mixed with suitable flame retardants, polyethylene and polypropylene exhibit outstanding thermal properties and are widely used in packaging, wires & cables, and to maintain fire resistance in materials.

The Asia Pacific region is expected to grow at the highest rate during the forecast period

By region, Asia Pacific is estimated to account for the largest share of the global alumina trihydrate market in 2019 and is expected to grow at the highest growth rate during the forecast period. Factors such as rising disposable income, changing lifestyles, and growing middle-class population are expected to drive the demand, which in turn, will support the growth of the market in the region. Further, factors, such as the ready availability of raw materials and workforce, along with sophisticated technologies and innovations, have driven the growth of the economy in the Asia Pacific region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Alumina Trihydrate Market
4.2 Alumina Trihydrate Market, by Type
4.3 Alumina Trihydrate Market, by Application
4.4 Alumina Trihydrate Market, by End-Use Industry and Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Non-Halogenated Flame Retardants
5.2.1.2 Increasing Demand for Alumina Trihydrate in the Paints & Coatings Industry
5.2.1.3 Increasing Demand for Plastics
5.2.1.4 Plastic Consumption, by Country, 2015-2018 (Kiloton)
5.2.2 Restraints
5.2.2.1 Availability of Magnesium Hydroxide and Other Alternative Products
5.2.3 Opportunities
5.2.3.1 Use of Aluminum Hydroxide in Water Treatment Plants
5.2.3.2 Growing Use of Polymers in the Automotive Industry
5.2.4 Challenges
5.2.4.1 Environmental Issues Related to Alumina Production
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Ecosystem
5.5 Technology Analysis
5.6 Trade Analysis
5.7 Value Chain Analysis
5.8 Regulation & Tariff Landscape
5.9 Alumina Trihydrate Patent Analysis
5.10 Impact of COVID-19
5.11 Alumina Trihydrate Customers

6 Alumina Trihydrate Market, by Type
6.1 Introduction
6.2 Ground
6.2.1 Cost-Effectiveness and Wide Particle Size Distribution Are Driving the Growth of the Market
6.3 Dry
6.3.1 Increasing Applications in Various End-Use Industries to Drive the Segment
6.4 Wet
6.4.1 Properties, Such as High Purity and Solubility in Acid and Alkali, to Drive the Segment
6.5 Precipitate
6.5.1 Better Flame Retardancy and Less Surface Moisture to Drive the Segment

7 Alumina Trihydrate Market, by Application
7.1 Introduction
7.2 Flame Retardant
7.2.1 Fire Safety Standards and Regulations Formulated Across the Globe to Drive the Market
7.3 Filler
7.3.1 Good Fire Retardant and Thermal Conductivity Properties
7.4 Antacid
7.4.1 Changing Lifestyles and Food Habits to Boost the Market
7.5 Others

8 Alumina Trihydrate Market, by End-Use Industry
8.1 Introduction
8.2 Plastic
8.2.1 Growing Population Along with Rapid Urbanization and Industrialization in Emerging Economies to Drive the Segment
8.3 Building & Construction
8.3.1 Increasing Construction Activities Expected to Drive the Segment
8.4 Paints & Coatings
8.4.1 Rising Spending in the Industrial Sector and Infrastructural Developments to Drive the Segment
8.5 Pharmaceuticals
8.5.1 Increasing Geriatric Population and Sedentary Lifestyles to Drive the Segment
8.6 Glass
8.6.1 Rise in the Demand for High-Performance Materials to Drive the Segment
8.7 Rubber
8.7.1 Increasing Demand from the Automotive Industry to Drive the Segment
8.8 Others

9 Alumina Trihydrate Market, by Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia-Pacific
9.5 Middle East & Africa
9.6 South America

10 Competitive Landscape
10.1 Overview
10.2 Market Evaluation Framework
10.3 Revenue Analysis of Top Players
10.4 Market Ranking
10.5 Competitive Evaluation Quadrant (Tier 1)
10.5.1 Star
10.5.2 Emerging Leaders
10.5.3 Pervasive
10.5.4 Product Footprint
10.6 Competitive Leadership Mapping (Start-Up/SMEs)
10.6.1 Progressive Companies
10.6.2 Responsive Companies
10.6.3 Starting Blocks
10.6.4 Dynamic Companies
10.7 Key Market Developments
10.7.1 Investment & Expansion
10.7.2 Merger & Acquisition

11 Company Profiles
11.1 Nabaltec Ag
11.2 Aluminum Corporation of China Limited
11.3 Sumitomo Chemical Company, Limited
11.4 Hindalco Industries Limited
11.5 Huber Engineered Materials
11.6 National Aluminium Company Limited
11.7 Scr- Sibelco Nv
11.8 LKAB Minerals Ab
11.9 The R.J. Marshall Company
11.10 Alteo
11.11 Tor Minerals
11.12 Southern Ionics Incorporated
11.13 Kc Corporation
11.14 Hayashi Kasei Co. Ltd.
11.15 Dadco Alumina and Chemicals Limited
11.16 Alumina Chemicals & Castables
11.17 Spectrum Chemical Mfg. Corp.
11.18 Almatis Gmbh
11.19 Akrochem Corporation
11.20 Mal - Magyar Aluminium Termelo Es Kereskedelmi Zrt.
11.21 Jinan Chenxu Chemical Co. Ltd.
11.22 Other Players
11.22.1 BN Industries
11.22.2 Elite Chemicals
11.22.3 Parchem - Fine & Specialty Chemicals
11.22.4 Taurus Chemicals Private Limited

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: the Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

For more information about this report visit https://www.researchandmarkets.com/r/e6sl6y

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-alumina-trihydrate-market-2020-to-2025---growing-use-of-polymers-in-the-automotive-industry-presents-opportunities-301265264.html

SOURCE Research and Markets