The global alumina trihydrate market is likely to reach a valuation of USD 5,324.6 million in 2023. From 2023 to 2033, it is projected to register significant acceleration at a positive CAGR of 7.7%. This should culminate in a market valuation of USD 11,180.1 million in 2033.
The global market touched a valuation of USD 4,936.1 million in 2022. Application in diverse industries such as plastics, papers, paints & coatings, and others is the key factor propelling the growth. All these industries rely heavily on alumina trihydrate, and their anticipated expansion should fuel aluminum hydroxide sales.
Alumina trihydrate or aluminum hydroxide is a powder sourced from bauxite. It is translucent and white. Through exposure to heat, alumina trihydrate converts to aluminum oxide and releases water. The powder is most commonly used for preparing transparent lake pigments.
It also functions as an inert filler, which facilitates increasing colors’ transparencies following their dispersion in oils. Its excellent filler qualities make it suitable for use in plastics, cosmetics, detergents, inks, ceramics, and glass. It is also an excellent water repellant, flame retardant, and paper coating.
Estimates suggest that more than 90% of alumina trihydrate production goes into manufacturing aluminum. When alumina trihydrate is used for flame retardant applications, it suppresses and reduces fire spread via a plastic.
Alumina trihydrate also has antacid properties, and can facilitate the maintenance of optimum pH in the gastrointestinal tract. Its antacid properties are likely to make aluminum hydroxide demand soar from the worldwide pharmaceuticals industry.
In recent years, stringent fire safety regulations have come into force around the world. As a result, the demand for high-quality flame retardants has been on a consistent rise. Future Market Insights (FMI) expects this trend to continue between 2023 and 2033.
Ultimately, this would be beneficial in terms of the alumina trihydrate market expansion. The expansion of the worldwide aluminum hydroxide market looks set to generate a mammoth absolute dollar opportunity amounting to USD 5,855.5 million.
| Attribute | Key Insights |
|---|---|
| Estimated Alumina Trihydrate Market Value (2023) | USD 5,324.6 million |
| Projected Market Value (2033) | USD 11,180.1 million |
| Value-based CAGR (2023 to 2033) | 7.7% |
| Top Players Share in 2021 | 44.5% |
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FMI observed a robust 7.4% CAGR that accelerated the aluminium hydroxide industry between 2018 to 2022. During this period, non-halogenated flame retardant demand soared around the world owing to various fire-related accidents. The use of alumina trihydrate also gained traction for engineering papers, plastics, rubbers, and paints and coatings.
The engineering plastics segment is likely to contribute to significant market acceleration in the years ahead. This is due to the fact that these plastics are being increasingly leveraged across numerous industries.
For instance, in the automobile industry, these plastics can facilitate vehicle weight reduction. Automobiles with low weights tend to be more fuel efficient as it takes less power to move them compared to heavy all-metal vehicles.
Between 2023 to 2033, FMI’s research suggests a healthy 7.7% CAGR to drive the market for alumina trihydrate. This reflects a marginal rise in the rate of market expansion, which makes for good news for industry players. Lucrative opportunities are likely considering the fact that demand for aluminium and use of alumina trihydrate are both increasing.
Vehicle Weight Reduction and Lower Production Costs to Fuel Alumina Trihydrate Sales
Around 10 to 15% of any modern-day vehicle’s weight consists of plastic composites. Automobile manufacturers are increasingly preferring these composites over metals. The use of metals can add to the strength and durability of automobiles.
However, metals also tend to make vehicles heavy, which can impact their fuel economies adversely. Plastic composites engineered using alumina trihydrate can reduce a vehicle’s weight significantly.
Among car owners around the world, fuel economy has become a prominent talking point. Fuel prices have been steadily rising in recent years, and vehicle owners are on the lookout for products that offer fuel economy benefits.
FMI anticipates this trend to persist over the next decade and drive alumina trihydrate demand. Using alumina trihydrate in automobile manufacturing as an alternative to titanium dioxide can also lower production costs by around 25%.
Principal Consultant
| Country | United States |
|---|---|
| Market Share (2023) | 19.3% |
| Market Share (2033) | 18.1% |
| BPS Analysis | -120 |
| Country | China |
|---|---|
| Market Share (2023) | 12.2% |
| Market Share (2033) | 14.8% |
| BPS Analysis | +260 |
| Country | Germany |
|---|---|
| Market Share (2023) | 5.3% |
| Market Share (2033) | 5.5% |
| BPS Analysis | +20 |
| Country | United Kingdom |
|---|---|
| Market Share (2023) | 2.5% |
| Market Share (2033) | 1.9% |
| BPS Analysis | -60 |
| Country | India |
|---|---|
| Market Share (2023) | 5.2% |
| Market Share (2033) | 5.7% |
| BPS Analysis | +50 |
Alumina Trihydrate Companies to Find China Market Lucrative Owing to Country’s Focus on Industrial Expansion
China is one of the prominent countries leading the alumina trihydrate market. Being a manufacturing hub, China has a favorable economic and manufacturing environment. Industries such as automobiles, plastics, and paints and coatings are also on the upswing in China. Alumina trihydrate is widely used in the paints and coatings industry as a versatile pigment.
China roughly accounts for 60% of the entire coatings volume of Asia Pacific as per FMI research. The presence of key manufacturers, abundant availability of raw materials, and strong industry base are a few of the key factors responsible for the acceleration of the industry in China.
Strong Plastics Market and Emphasis on Fire Hazard Control to Spur Alumina Trihydrate Demand in the United States
The United States boasts of a rapidly expanding plastics market. Estimates suggest that the United States plastic manufacturing sector is among the most prominent in the world. It also contributes significantly to the development of the country’s economy.
There are around 18,500 plastic manufacturing facilities in the country, and FMI expects the number to increase from 2023 to 2033. The strong position of the country’s plastics industry is set to provide opportunities to aluminium hydroxide manufacturers.
In recent years, the United States government has also proactively engaged in initiatives to reduce the risks associated with fire hazards. As the years pass, these initiatives are likely to result in greater adoption of alumina trihydrate for its superior flame retardant characteristics. Overall, the future looks bright for players competing in the United States market for alumina trihydrate.
Alumina Trihydrate’s Preservative and Appearance Benefits to Make the Paints and Coatings Segment Profitable
Based on end use, the paints and coatings segment is likely to drive substantial alumina trihydrate demand from 2023 to 2033. The segment is gaining traction owing to its importance in a variety of sectors such as protective coatings, construction, and automotive refinishing. Alumina trihydrate use facilitates paint preservation. It also adds to the shine of paints and enhances their transparency.
Alumina trihydrate is also considered more sustainable to other paint preservatives. As the focus on sustainability increases, alumina trihydrate demand is poised to propel. Alumina trihydrate is also used for creating pigments, common across industries such as paper, paints, and coatings.
FMI expects a 7 to 8% CAGR to drive all these industries in the coming years. This should culminate in aluminium hydroxide companies recording significant alumina trihydrate sales.
Alumina Trihydrate Sales to Soar Owing to Demand from Plastics Industry Due to Cost-Effectiveness and Efficiency
The modern world would be unimaginable without plastics. Despite their potential of triggering harm towards the environment, the fact is that they are necessary for producing a diverse array of goods.
From electrical to construction to automobile and beyond, almost every industry needs plastics to a certain extent. This need is set to increase in the coming years according to FMI predictions, which is sure to generate significant alumina trihydrate demand.
Plastics created with alumina trihydrate can withstand high temperatures without burning thanks to the product’s flame retardant characteristics. While alumina trihydrate is not the only flame retardant, it certainly is among the most efficient and cost-effective ones.
In the long run, the practical and economic benefits of alumina trihydrate use for plastic creation is likely to boost market acceleration.
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As the market for alumina trihydrate expands, the competition is only set to grow fiercer among players. 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. Hefty research & development investments are also likely as alumina trihydrate manufacturers are keen on reducing costs and improve quality. Acquisitions and mergers look probable too.
For instance In January 2023, ChemIndia, a company based in India, announced the launch of extender pigment products which includes alumina hydrate. In August 2022, Cimbar Resources Inc. acquired the manufacturing assets of Imerys Carbonates USA Inc. related to calcium carbonate manufacturing
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 5,324.6 million |
| Projected Market Size (2033) | USD 11,180.1 million |
| Anticipated Growth Rate | 7.7% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Middle East and Africa; Asia Pacific |
| Key Countries Covered | The United States, Canada, Mexico, Brazil, China, India, Association of South East Asian Nations, Australia, New Zealand, Germany, France, Italy, Spain, Russia, the United Kingdom, Poland, The Gulf Cooperation Council Countries, Turkiye, Northern Africa, and South Africa |
| Key Segments Covered | End Use and Region |
| 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 |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities, and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is anticipated to reach a valuation of US$ 5,324.6 million in 2023.
United States is anticipated to surge at a CAGR of 18.1% through 2033.
The alumina trihydrate market is expected to reach US$ 11,180.1 million in 2033.
The China is anticipated to augment at a CAGR of 14.8% through 2033.
await the industry Application of alumina trihydrate for engineering plastics presents a dollar opportunity for the industry players.
1. Executive Summary | Alumina Trihydrate Market 2. Market Introduction 3. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 4. Market Viewpoint 4.1. Macro-Economic Factors 4.1.1. Global GDP Growth Outlook 4.1.2. Global Per Capita Income Outlook 4.1.3. Global Paints and Coatings Market Overview 4.1.4. Global Decorative Paints Market Overview 4.1.5. Industry Value Added Outlook 4.1.6. Global Chemical Sales 4.1.7. Global Chemicals Industry Overview 4.1.8. Global Market: Value Chain 4.2. Forecast Factors - Relevance and Impact 5. Market Dynamics 5.1. Drivers 5.2. Restraints 5.3. Opportunity 5.4. Trends 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End-use 6.1. Plastics 6.2. Papers 6.3. Paints and Coatings 6.4. Adhesives 6.5. Chemicals 6.6. Pharmaceuticals 6.7. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. Asia Pacific Excluding Japan 7.6. Middle East and Africa 7.7. Japan 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12. Asia Pacific Excluding Japan Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Japan Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Competition Landscape 15.1. Competition Dashboard 15.2. Tier Structure Analysis 15.3. Global Market: Intensity Mapping 16. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments) 16.1. Sumitomo Chemical Co. Ltd. 16.2. Aluminum Corp. of China Ltd 16.3. Nabaltec AG 16.4. National Aluminium Company Ltd. 16.5. Huber Engineered Materials 16.6. SCR Sibelco nv 16.7. R.J. Marshall Company 16.8. Alteo 16.9. Southern Ionics Incorporated 16.10. ALUMINA CHEMICALS and CASTABLES 17. Assumptions and Acronyms Used 18. Research Methodology
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Alumina Trihydrate Market
