Sales of Alumina Trihydrate Surging in Line with Robust Consumption for Engineering Plastics, Finds FMI Study

Rising environmental concerns have encouraged the adoption of non-halogenated flame retardants like alumina trihydrate across the globe. Future Market Insights (FMI) estimates that the alumina trihydrate market will experience a year-on-year growth rate of 4.5% in 2021. As per Future Market Insights (FMI) analysis, the alumina trihydrate market will generate revenue, totaling US$ 4 Bn in 2021. The market is forecast to exhibit compound annual growth rate (CAGR) of 7.7% during the forecast period, reaching a volume of around 11,098.9 KT by 2031 end.

Plastics and chemicals will remain the key end users of alumina trihydrate, which currently account for more than 60% shares in the market. Consumption of alumina trihydrate in production of alum will particularly remain the prominent point of revenue generation over the forthcoming years. Widening applicability across a multitude of industrial verticals will enable this high-volume market to demonstrate an impressive growth curve through the next decade.

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According to report findings, end use of alumina trihydrate in plastics is anticipated to contribute for significant value shares, which has primarily resulted from the increasing applications of alumina trihydrate in engineering plastics. Chemicals, on the other side, are expected to maintain the lead in terms of end use, which is driven by the production of aluminum sulphate (alum) and aluminum chloride. Alum and aluminum chloride find major application as a coagulant in the water treatment sector.

APEJ Market’s Attractiveness Rising

Regions such as North America and APEJ are anticipated to hold significant market shares in terms of value. However, the APEJ market is anticipated to project lucrative growth in the global alumina trihydrate market during the forecast period of 2021-2031. This growth is driven by the rising usage of alumina trihydrate in end-use industries such as plastics, chemicals, papers, paints and coatings of APEJ that include India and China countries, among others. Countries such as China and India have shown positive economic growth.

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Furthermore, owing to the effects of macroeconomic factors such as growing population, urbanization, and rapid industrialization, the confidence of investors for investments in housing and other residential projects have increased drastically in South Asia. As a consequence, the building and construction industry of South Asia has gained a significantly positive momentum during the past years, which has increased the consumption of pigments and coatings, and is anticipated to result in the lucrative growth of alumina trihydrate consumption in the South Asia region.

Alumina Trihydrate Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as key participants in the global alumina trihydrate market.

Some of the examples of key players in the global alumina trihydrate market are

The global alumina trihydrate market is significantly consolidated with some players holding prominent shares of the market.

These participants are offering alumina trihydrate under their popular brands such as

  • Micral,
  • Hymod,
  • MoldX,
  • Hydral,
  • SpaceRite,
  • Vertex, and
  • Zerogen among others.

This FMI study offers market growth forecast for the 10-year assessment period, 2021-2031, and projects a strong 7.7% CAGR for market revenues through 2031.

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About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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