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Albemarle Corporation (US) and Huber Engineered Materials (US) arte the Key Players in the Alumina Trihydrate Market

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Albemarle Corporation (US) and Huber Engineered Materials (US) arte the Key Players in the Alumina Trihydrate Market

September 02
17:28 2020
Albemarle Corporation (US) and Huber Engineered Materials (US) arte the Key Players in the Alumina Trihydrate Market

Browse 111 market data Tables and 46 Figures spread through 135 Pages and in-depth TOC on “Alumina Trihydrate Market”
Alumina Trihydrate Market by Application (Flame Retardant, Filler, Antacid), End-Use Industry (Plastics, Building & Construction, Paints & Coatings, Pharmaceuticals, Glass, Rubber), and Region (APAC, North America, Europe, MEA)

The alumina trihydrate (ATH) market is projected to grow from USD 1.51 Billion in 2018 to USD 1.99 Billion by 2023, at a CAGR of 5.7% from 2018 to 2023. Alumina trihydrate, also known as aluminum trihydrate/aluminum hydroxide, is crystalline and a non-abrasive powder, which is obtained from bauxite using the Bayer process. One of the important properties of alumina trihydrate is that it is amphoteric in nature, thereby making it suitable for different applications. Alumina trihydrate is widely used as a flame retardant and a smoke suppressant. In addition, it is also used as a raw material to manufacture calcined alumina, Poly Aluminum Chloride (PAC), aluminum sulfate, sodium aluminate, aluminum nitrate, and alumina.

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China is the largest market for alumina trihydrate in the Asia Pacific region, in 2018. The growth of the plastics and building & construction industries is expected to be the key growth factor for the alumina trihydrate market in the Asia Pacific region. The growing consumption of flame retardant in China is also leading to the growth of the alumina trihydrate market in the country. The increased demand for cost-effective flame retardant and filler is another factor fueling the consumption of alumina trihydrate in China. China is the largest consumer of alumina trihydrate in the Asia Pacific region.

Albemarle Corporation (US), Nabaltec AG (Germany), Huber Engineered Materials (US), and LKAB Mineral AB (Sweden) are the key players in the alumina trihydrate market. These companies are focused on investing in plant capacity expansions and acquisitions. They are expanding their product portfolios and compete with other key market players.

Albemarle Corporation (US) focuses on launching innovative products in the market with improved services. It invests intensively in R&D activities to maintain an edge over its competitors. For example, in 2016, Albemarle Corporation (US) carried out divestitures of its flame retardants, specialty chemicals, fine chemistry, and metal sulfides product lines as part of its business strategy. The company aims at minimizing the waste and use of raw materials and energy, thereby resulting in less use of toxic reagents. It is focusing on the green revolution. In this regard, it introduced two new products, namely GreenCrest and GreenArmor in 2016.

(HEM) Huber Engineered Materials (US) is one of the leading companies in the alumina trihydrate market. The company focuses on maintaining a strong customer relationship. It continuously carries out technological advancements in its customer services. The company is focused on expanding its product portfolio in the flame retardants segment and as such has been acquiring technologies and production facilities of other companies for the same. In this regard, HEM (US) acquired the Martinswerk business of Albemarle Corporation (US) in 2016 that included flame retardants and specialty chemicals business.

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