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Global Alumina Trihydrate Market to reach USD XX billion by the end of 2030.

Global Alumina Trihydrate Market Size study & Forecast, by Form (Dry, Wet) by End-use (Chemical Manufacturing, Plastics, Automotive, Construction, Other End-uses) and Regional Analysis, 2023-2030

Product Code: CMPP-71263656
Publish Date: 20-01-2024
Page: 200

Global Alumina Trihydrate Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Alumina trihydrate (ATH) is a white, crystalline powder that is also known as aluminum trihydroxide or simply hydrate. It is derived from bauxite ore through the Bayer process, which involves the extraction of aluminum oxide from bauxite and subsequent precipitation of alumina trihydrate. ATH has several notable properties, including flame retardancy, low toxicity, and high thermal stability, making it useful in various applications. Some common applications of alumina trihydrate include flame retardant, filler in plastics and rubber, surface coatings, and others. The key factors driving the market growth are increasing demand in flame retardant applications, growth in construction and building industry, expanding automotive sector, and growing demand for alumina trihydrate in the paints & coatings industry that anticipated to support the market growth during forecast period 2023-2030.

Additionally, the growing demand for flame retardants has been a significant driver for the alumina trihydrate market. Flame retardants are substances added to materials to inhibit or resist the spread of fire. Alumina trihydrate (ATH) is widely used as a flame retardant in various industries, and the increasing demand for flame-retardant materials is supporting the growth of the alumina trihydrate market. According to Statista, in 2021, the market size of flame retardants worldwide was USD 8,204.43 million and it is anticipated to reach USD 12,958.8 million by 2029. As a result, the growing flame retardants globally is anticipated to support the market growth. Moreover, use of aluminum hydroxide in water treatment plants, and Growing use of polymers in the automotive industry is anticipated to create the lucrative opportunity for the market for the market during projected period 2023-2030. However, the availability of magnesium hydroxide and other alternative products stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Alumina Trihydrate Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the growth of the construction and infrastructure sectors, continuous research and development efforts to improve the properties and applications of alumina trihydrate, and shift towards halogen-free flame retardants. Whereas, Asia Pacific region is expected to grow at fastest growth rate during the forecast period, owing to factors such as the increasing construction and infrastructure development, stringent fire safety regulations, expansion of electronics and electrical industry, and presence of regulations and standards promoting the use of flame retardants in various industries has boosted the demand for alumina trihydrate.

Major market player included in this report are:
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

Recent Developments in the Market:
Ø In September 2020, The Fire-Retardant Additives division of Huber Engineered Materials (HEM) announced its plans for a major sustainability project and substantial investment in a new power plant at its Martinswerk facility in Bergheim, Germany.
Global Alumina Trihydrate Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Form, End-use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form:
Dry
Wet
By End-use:
Chemical Manufacturing
Plastics
Automotive
Construction
Other End-uses

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Alumina Trihydrate Market, by region, 2020-2030 (USD Billion)
1.2.2. Alumina Trihydrate Market, by Form, 2020-2030 (USD Billion)
1.2.3. Alumina Trihydrate Market, by End-use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Alumina Trihydrate Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Alumina Trihydrate Market Dynamics
3.1. Alumina Trihydrate Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand in flame retardant applications
3.1.1.2. Growth in construction and building industry
3.1.1.3. Expanding automotive sector
3.1.1.4. Growing demand for alumina trihydrate in the paints & coatings industry
3.1.2. Market Challenges
3.1.2.1. Availability of magnesium hydroxide and other alternative products
3.1.3. Market Opportunities
3.1.3.1. Use of aluminium hydroxide in water treatment plants
3.1.3.2. Growing use of polymers in the automotive industry
Chapter 4. Global Alumina Trihydrate Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Alumina Trihydrate Market, by Form
5.1. Market Snapshot
5.2. Global Alumina Trihydrate Market by Form, Performance – Potential Analysis
5.3. Global Alumina Trihydrate Market Estimates & Forecasts by Form 2020-2030 (USD Billion)
5.4. Alumina Trihydrate Market, Sub Segment Analysis
5.4.1. Dry
5.4.2. Wet
Chapter 6. Global Alumina Trihydrate Market, by End-use
6.1. Market Snapshot
6.2. Global Alumina Trihydrate Market by End-use, Performance – Potential Analysis
6.3. Global Alumina Trihydrate Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
6.4. Alumina Trihydrate Market, Sub Segment Analysis
6.4.1. Chemical Manufacturing
6.4.2. Plastics
6.4.3. Automotive
6.4.4. Construction
6.4.5. Other End-uses
Chapter 7. Global Alumina Trihydrate Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Alumina Trihydrate Market, Regional Market Snapshot
7.4. North America Alumina Trihydrate Market
7.4.1. U.S. Alumina Trihydrate Market
7.4.1.1. Form breakdown estimates & forecasts, 2020-2030
7.4.1.2. End-use breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Alumina Trihydrate Market
7.5. Europe Alumina Trihydrate Market Snapshot
7.5.1. U.K. Alumina Trihydrate Market
7.5.2. Germany Alumina Trihydrate Market
7.5.3. France Alumina Trihydrate Market
7.5.4. Spain Alumina Trihydrate Market
7.5.5. Italy Alumina Trihydrate Market
7.5.6. Rest of Europe Alumina Trihydrate Market
7.6. Asia-Pacific Alumina Trihydrate Market Snapshot
7.6.1. China Alumina Trihydrate Market
7.6.2. India Alumina Trihydrate Market
7.6.3. Japan Alumina Trihydrate Market
7.6.4. Australia Alumina Trihydrate Market
7.6.5. South Korea Alumina Trihydrate Market
7.6.6. Rest of Asia Pacific Alumina Trihydrate Market
7.7. Latin America Alumina Trihydrate Market Snapshot
7.7.1. Brazil Alumina Trihydrate Market
7.7.2. Mexico Alumina Trihydrate Market
7.8. Middle East & Africa Alumina Trihydrate Market
7.8.1. Saudi Arabia Alumina Trihydrate Market
7.8.2. South Africa Alumina Trihydrate Market
7.8.3. Rest of Middle East & Africa Alumina Trihydrate Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Sumitomo Chemical Co. Ltd.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Aluminum Corp. of China Ltd.
8.3.3. Nabaltec AG
8.3.4. National Aluminium Company Ltd.
8.3.5. Huber Engineered Materials
8.3.6. SCR Sibelco NV
8.3.7. R.J. Marshall Company
8.3.8. Alteo
8.3.9. Southern Ionics Incorporated
8.3.10. Alumina Chemicals and Castables
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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