Aluminium Trihydrate Market Size, Share & Industry Analysis, By Application (Fire Retardant, Coagulant, Catalyst, Antacids, Mineral extender, Flame Retardant, Smoke suppressant, Others), By End-Use (Water Treatment, Construction, Paints and Coatings, Automobile, Plastic, Pharmaceutical, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
The aluminium trihydrate is also called an alumina trihydrate and aluminium trihydroxide. It is a powder-formed solid substance and appears as a white colour with no odour. It is an amphoteric compound and naturally occurs in the form of bayerite, gibbsite, doyletie, and nordstrandite. It has low solubility in water but can be soluble in strong alkali and acids. At high temperature, the aluminium trihydrate decomposes to water, aluminum oxide, and aluminum oxide, thereby uses as a flame retardant in various applications. Additionally, the aluminium trihydrate is chemically inert, non-toxic, and resistant to abrasion. These properties make it a sustainable solution in a wide range of applications which include fire-retardant, coagulant, catalyst, antacids, vaccine, mineral extender, and smoke suppressant.
The increasing adoption of aluminium trihydrate in the pharmaceutical and plastic industries will aid to fuel the market growth. The primary use of the product can be seen in the antacids formulation, owing to its basic properties. Further, it is also used to buffer the pH in the stomach, which helps to treat upset and sour stomach. Whereas, due to flame retardant property, the aluminium trihydrate is used in the formulation of polyethylene and polyvinyl chloride (PVC). The rapid growth in the pharmaceutical industry coupled with innovation in the plastic products will aid to surge the product demand. Hence, the rising demand will fuel the aluminium trihydrate market growth during the forecast timeline.
However, the excess consumption or direct inhalation of aluminium trihydrate can cause eye irritation and respiratory tract. This restricts the adoption of the product in various applications. Hence, this іѕ anticipated to restrain market growth.
Market Segmentation:
Based on application, the aluminium trihydrate market is segmented into fire retardant, coagulant, catalyst, antacids, vaccine, mineral extender, flame retardant, smoke suppressant, and others. Based on end-use, the market is segmented into water treatment, construction, paints & coatings, automobile, plastic, pharmaceutical, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Market Driver -
The rising demand for aluminium trihydrate in the pharmaceutical and plastic industries to drive the market growth.
Key Market Restraint -
The hazardous impacts of aluminium trihydrate to restrict the market growth
Key Players Covered:
The key players in the aluminium trihydrate market include Alfa Aesar, Albemarle Corporation, Huber Engineered Materials, Sumitomo Chemical Co., Ltd, SHOWA DENKO K.K., Alcoa Corporation, Nabaltec AG, NALCO, Niknam Chemicals Private Limited., Gujarat Credo Alumina Chemicals Pvt. Ltd. (GCACPL), and ALUMINA CHEMICALS & CASTABLES
Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios
- Porters Five Forces Analysis
Regional Analysis:
Asia Pacific is anticipated to witness the highest growth in the aluminium trihydrate market. The growth is attributed to the rising adoption of the product in the pharmaceutical industry. Further, the higher utilization of aluminium trihydrate as a catalyst for various purposes will fuel the market growth in this region. The increasing use of the product in the automobile and plastic industries will fuel the market growth in Europe, in which the UK and Germany are leading countries. The high use of the product in the water treatment and construction will aid to propel sustainable market growth in North America. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the aluminium trihydrate in the paints & coatings purposes.
To gain extensive insights into the market, Request for Customization
Segmentation
ATTRIBUTES | DETAILS |
By Application |
|
By End-Use |
|
By Geography |
|
- Ongoing
- 2023
- 2019-2022
Personalize this Research
- Granular Research on Specified Regions or Segments
- Companies Profiled based on User Requirement
- Broader Insights Pertaining to a Specific Segment or Region
- Breaking Down Competitive Landscape as per Your Requirement
- Other Specific Requirement on Customization
Chemicals & Materials Clients
