Alumina trihydrate (ATH) is a non-corrosive and non-toxic chemical compound that is widely used as a flame retardant and smoke suppressant in various elastomeric applications due to its excellent thermodynamic properties. It effectively absorbs heat and releases water that reduces the risk of fire and prevents oxygen from reaching the flame. It has four polymorphs namely gibbsite, doyleite, bayerite, and nordstrandite. Alumina trihydrate is highly functional and versatile pigment and beneficial in a number of coatings, adhesives, inks, caulks and sealant applications. Statistics: The global alumina trihydrate market is estimated to account for US$ 3,900 Mn in terms of value and 6,700 MT in terms of volume by the end of 2019 Drivers: Driver Growing demand for alumina trihydrate from the pharmaceutical industry in the formulation of antacid medicine is expected to foster market growth. Additionally, rising demand for alumina trihydrate from water treatment application where it acts as flocculants in water purification is also expected to foster the market growth. Market Opportunities Opportunity Increasing usage of alumina trihydrate in the production of batteries as alumina trihydrate can be recycled to produce new aluminum anode, which makes the battery rechargeable. Therefore, usage of alumina trihydrate in the li-ion batteries can open new doors of opportunity to the market of alumina trihydrate. Market Restraints Restraint Growing usage of magnesium hydroxide as an alternative of alumina trihydrate from the pharmaceutical industry in the preparation of antacid formulation as it effectively reduces the stomach acid and increases water in the intestine. This factor is expected to hinder the market growth of Alumina trihydrate. Market Trends Trend 1 The growing application of Alumina Trihydrate-based Adjuvants in vaccines is a major trend that has been observed in the market. Alumina trihydrate adjuvants compose has a mechanism of the repository effect, pro-phagocytic effect, and activation of pro-inflammatory NLRP3 is expected to offer enormous growth opportunity to the market. Trend 2 Rising usage of alumina trihydrate in phosphate binders is gaining popularity traction in the market. Phosphate binders bind phosphate in the blood that limits its circulation with blood. Therefore, rising usage of Alumina trihydrate phosphate binders for the treatment of hyperphosphatemia is projected to offer lucrative growth opportunity to the market. Competitive Section: Company Names Alfa Aesar, Sumitomo Chemical Co. Ltd., Albemarle Corporation, Nabaltec AG, Huber Engineered Materials (J. M. Huber Corporation), Showa Denko K.K., NALCO, MAL Zrt., Alcoa Inc., and Aluminum Corp. of China Ltd. Few Recent Developments Nabaltec AG
Huber Engineered Materials
Showa Denko K.K
MAL Zrt. Strategy:
Segmentation Market Taxonomy: By End-Use
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