Press Release-Alumina Trihydrate Market to Reach USD 6.3 Billion by 2032
Vantage Market Research |
Alumina Trihydrate Market to Reach USD 6.3 Billion by 2032
According to analysts at Vantage Market Research, the Global Alumina Trihydrate Market size is worth USD 3.79 Billion in 2023 and is projected to reach USD 6.3 Billion by 2032, growing at a CAGR (Compound Annual Growth Rate) of 5.8% from 2024 to 2032. The Alumina Trihydrate market is driven by rising demand for flame retardants, expanding construction and automotive industries, and stringent environmental regulations favoring non-toxic materials. Opportunities include technological advancements in ATH production, increased use in industrial applications, and growing awareness of fire safety standards, supporting market growth & innovation.
Market Overview
The growth in residential & commercial developments has heightened the risk of explosions and fire-related incidents. In response, Europe and North America have implemented stringent fire safety regulations, leading to increased use of flame retardants in construction to meet these standards. Flame retardants are utilized in electrical wire insulation, circuit boards, electronic casings, & cable systems. The emphasis on stricter fire safety measures is driving the demand for halogen-free flame retardants, with a shift towards more eco-friendly options anticipated to further boost market growth.
Aluminum hydroxide (alum) is a key coagulant in water and wastewater treatment, used to improve the settling of suspended solids, remove color, and eliminate phosphates from wastewater. As urbanization accelerates in emerging economies like India and China, the demand for water treatment facilities is expected to grow. Many areas still lack access to clean water, highlighting the need for more wastewater treatment plants. This increasing use of aluminum hydroxide in residential water treatment presents a significant opportunity for market expansion.
Almatis Expands Calcined Alumina Production Capacity in North America
In November 2023, Almatis revealed a major investment to boost its calcined alumina production in North America, focusing on expanding capacity at its Benton, Arkansas facility.
Huber Engineered Materials Acquires 50% Stake in RHI Magnesita
Huber Engineered Materials (HEM) acquired a 50% stake in RHI Magnesita in January 2022. Through its Fire Retardant Additives (FRA) unit, Martinswerk GmbH will globally distribute MAGNIFIN products, including halogen-free fire retardants and specialty aluminum oxides.
Key Takeaways from the Report
Top Companies
Latest News
Hindalco Industries Invests $96 Million in Battery Foil Manufacturing Plant
Hindalco Industries Achieves ASI Performance Standard V2 Certification for Alumina Hydrate
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Access Full Report
Alumina Trihydrate Market to Reach USD 6.3 Billion by 2032
This report by Vantage Market Research delivers comprehensive analysis of Somatostatin Analogs Market , focusing on Market Size, Share & Trends Analysis Report by Type (Octreotide, Lanreotide, Pasireotide) by Application (Acromegaly, Neuroendocrine Tumors (NETs), Others) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Request SampleRelated Reports
Healthcare
Veterinary Care Market Size, Share & Trends Analysis Report.
13 Nov 2023
10 Min Read
Healthcare
Surgical Imaging Market Size, Share & Trends Analysis Report.
13 Nov 2023
10 Min Read
Healthcare
Surgical Imaging Market Size, Share & Trends Analysis Report.
13 Nov 2023
10 Min Read
Latest Blogs
13 Nov 2023
Veterinary Care Market Size, Share & Trends Analysis Report.
Healthcare
13 Nov 2023
Surgical Imaging Market Size, Share & Trends Analysis Report.
Healthcare
13 Nov 2023
Surgical Imaging Market Size, Share & Trends Analysis Report.
Healthcare
Contact
Toll Free Number+1 (877) 462-2282