Global Alumina Trihydrate Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global alumina trihydrate market in its upcoming report titled, “Global Alumina Trihydrate Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global alumina trihydrate market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global alumina trihydrate market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global alumina trihydrate market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global alumina trihydrate market report has been segmented on the basis of application, and region.

Alumina trihydrate (Al2O3.3H2O) is a non-toxic solid substance commonly available in powder form. It is obtained from bauxite ore in different particle size. Alumina trihydrate has low solubility in water and properties such as non-corrosiveness, and is flame retardant, halogen free, which increases its applicability in various industries.

Low cost of alumina trihydrate retardant, and increasing adoption of alumina trihydrate from various industries such as paper industry, water treatment industry is a major factor driving growth of the global alumina trihydrate market. In addition, shift of preference from titanium oxide to alumina trihydrate in paint and coating industry, and use of flame retardant plastic in automobile industry is expected to fuel growth of the global alumina trihydrate market.

However, stringent government regulation is a major factor restraining growth of the global alumina trihydrate market. Additionally, side-effects of alumina trihydrate such as irritation and dry skin, eye irritation are other factors expected to hamper growth of the global alumina trihydrate market.

Recent trend observed in the global alumina trihydrate market is adoption of alumina trihydrate in pharmaceutical industry as a phosphate binder, which is expected to boost growth of the global alumina trihydrate market in the near future.

North America market accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to presence of leading alumina trihydrate manufacturers, and increasing use of alumina trihydrate in automobile industry. Europe market accounts for the second largest revenue share contribution to the global alumina trihydrate market followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to increase in use of alumina trihydrate in pharmaceutical industry in preparation of medicines in emerging economies in the region.

Global Alumina Trihydrate Market Segmentation:

Global alumina trihydrate market segmentation, by application:

• Plastics Industry
• Paper Industry
• Paint & Coatings Industry
• Chemicals Industry
• Others

Global alumina trihydrate market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa