Sumitomo Chemical Co Ltd, Alcoa Corporation, Aditya Birla Management Corporation, J.M.Huber Corporation, Aluminium Corporation of China Limited, and Nabaltec AG., among others, are significant players in the global aluminium trihydrate market.
The global aluminium trihydrate market is expected to grow at a CAGR of about 5% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing preference for environmentally friendly flame retardants.
Alumina trihydrate, variously known as aluminium hydroxide, is the hydrated oxide of aluminium. The demand for alumina trihydrate in emerging economies like China is growing on account of the infrastructural development and increasing sales of automobiles. As the chemical is utilised in building insulation and excellent car covering materials, its demand in the construction and automotive sectors is increasing.
With alumina trihydrate being a non-halogen flame retardant, its demand in fire safety applications is significantly growing. Moreover, the rising demand for alumina in the production of aluminium metal is further bolstering the growth of the aluminium trihydrate market.
The growing use of aluminium metal in various applications is driving the demand for aluminium trihydrate. The use of the chemical as a fire retardant and smoke suppressant in various sectors is also fuelling the growth of the market. The growing demand for aluminium trihydrate in coating, ink, adhesive, sealant, coatings, ink, and adhesive applications is expected to aid the market. The surging use of aluminium trihydrate as an antacid is further likely to provide impetus to the market growth in the forecast period.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Sumitomo Chemical Co. Ltd. is a significant chemical company that offers its products and services to energy and functional materials, health and crop science, pharmaceuticals, and IT-related chemicals, among others. As of March 2022, the company had 210 subsidiaries and 34,703 consolidated employees. In July 2022, the company, along with SEKISUI CHEMICAL CO., LTD., and Shiseido Company, Limited, announced that it would commence a joint initiative for establishing circular economy of plastic cosmetic containers.
|Headquarters:||Pennsylvania, United States|
Alcoa is a leading company offering alumina, bauxite, and aluminium products across the globe. It focuses on low-cost and superior production of bauxite, aluminium, and alumina. In 2020, it manufactured 48 million dry metric tonnes of bauxite and 9.5 million metric tonnes of third-party alumina shipments. It employs about 14,000 people in 15 countries and attained annual net income of USD 49 million and revenue of USD 12.2 billion in 2021.
Aditya Birla Management Corporation is an Indian multinational conglomerate that manufactures cement, copper, aluminium, cemented carbide tools, electronic components, staple fibre, chemicals, fertilisers, and carbon black, among others. The company employs over 140,000 people from 100 different nationalities, generates 50% of its income from oversee operations in 36 countries, and operates 150 production facilities worldwide. In India, the company leads in the fashion and lifestyle, cement, asset management, and life insurance sectors.
|Headquarters:||New Jersey, United States|
Huber is a Portfolio Management Company (PMC), a structure that provides enhanced flexibility and independence to all its companies. Its four leading brands are CP Kelco, Huber Engineering Materials, Huber Engineering Woods, and Huber Resources Corp. It offers innovative solutions for the thriving engineered woods and hydrocolloids, minerals and speciality chemicals, agriculture, food and beverages, personal care, and timber management sectors. It employs nearly 4,000 people in 20 countries and generated annual revenue of USD 3 billion in 2021.
Aluminium Corporation of China Limited is a major Chinese company specialising in the non-ferrous market. It is engaged in the mining and exploration of coal and bauxite as well as sales, production, and R&D of alumina. The company is a leading provider of aluminium in the Chinese transportation, construction, and defence sectors. It has 39 subsidiaries, 18 of which are wholly owned.
Nabaltec manufactures flame-retardant and non-toxic fillers and unique oxides. The company’s products are based on aluminium oxide and aluminium hydroxide, among other mineral raw materials. Two of its major segments include speciality alumina and functional fillers. In 2021, it generated sales of EUR 187 million, employing nearly 500 people. With 3 manufacturing locations across the United States and Germany, more than 75% of the company’s products are exported.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.