Aluminum Trihydrate Market Size | Share, Trends, Applications, Analysis, Growth, And Forecast: 2020 To 2027
Market Overview
Aluminum trihydrate (ATH) is an
doorless, white powder obtained from the bauxite through bayer process. ATH is
also known as alumina hydrate, aluminium tri-hydroxide, and aluminium
hydroxide. It is widely known for its flame retardant, smoke suppression,
thermal stability, and arc & track resistance properties. It finds
application in various end-use industries such as construction, electrical,
automotive, plastic, paper, and paints & coatings among others. ATH is
widely used in the production of aluminium and other industrial chemicals such
as sodium aluminate, aluminum chloride, and aluminium sulphate owing to versatility
and low cost. Its usage is rapidly increasing in the construction, plastic and
paper industry due to its flame retardant property,. The product demand is
surging from the paints & coatings industry as a result of improved
viscosity and high gloss. ATH is extensively used in the textile industry owing
to rising demand for the waterproof fabrics. The product consumption is
expanding in cosmetics and personal care products for functions such as skin
protectant and opacifier.
Market Segmentation
The global Aluminum
Trihydrate ath Market Size is segmented into
applications, end-use industry, and region.
On the basis of the application, the
market is segmented into industrial chemicals, caulks & sealants,
adhesives, wire & cables, coatings, printing inks, ceramics, and rubber.
Based on the end use industry, the
global aluminum trihydrate market is segmented into construction, electrical,
automotive, paints & coatings, paper, plastic, textile, pharmaceuticals,
and cosmetics & personal care.
On the basis of the region, the Aluminum Trihydrate
market size is segmented into Asia Pacific, North America, Europe, Latin
America, and the Middle East & Africa.
Regional Analysis
Asia Pacific is leading the aluminum
trihydrate market due to the rising investment in both residential and
commercial construction activities. Initiation of construction projects by the
Government of India such as Inland waterways projects is driving the growth of
the ATH market in this region. Growing demand for the water-based coatings from
the automotive industry is propelling the market growth further.
North America and Europe are expected to
bolster the market growth with increasing demand from the major end use
industries such as construction, automotive, and paints & coatings among
others.
Competitive Analysis
Some of the key players in the global
aluminum trihydrate market are Huber Engineered Materials (J.M. Huber
Corporation, U.S.), Alfa Aesar (U.S.), Sumitomo Chemical Co., Ltd (Japan),
Albemarle Corporation (U.S.), SHOWA DENKO K.K. (Japan), Alcoa Corporation
(U.S.), Aluminium Corporation of China Limited (China), Nabaltec AG (Germany),
NALCO (India), and MAL-Hungarian Aluminium Producer and Trading Co.
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