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.
The global alumina trihydrate is segmented into application and region. On the basis of region, the global alumina trihydrate market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
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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.
Prominent market players in the global alumina trihydrate market include Albemarle Corporation, Alfa Aesar GmbH & Co KG, Sumitomo Chemical Corporation Limited., Alcoa Inc., Aluminum Corporation of China Ltd., Nabaltec AG, Showa Denko K.K., and MAL – Magyar Aluminium Termelo es Kereskedelmi Zrt.
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