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Alumina Trihydrate Market to Grow at a CAGR Value of 5.7% through 2026

Future Market Insights’ latest report titled ‘Alumina Trihydrate Market: Global Industry Analysis and Opportunity Assessment 2016 – 2026’ discusses the long-term outlook for the global Alumina Trihydrate market. The Global Alumina Trihydrate market is expected to witness sound growth with market value expected to increase at a CAGR of 5.7% during the forecast period (2016 – 2026). The global alumina trihydrate market was valued at around US$ 3 Bn in 2016.

Alumina trihydrate (ATH), also known as aluminium hydroxide or aluminium hydrate, is a white crystalline powder derived from the bauxite ore using the Bayer’s process and is used in manufacturing of glass, ceramics, paints & coatings and others. Alumina hydrate finds major application as a flame retardant and smoke suppressant in materials due to its ability of releasing water of crystallization as water vapour when heated above 220°C. Alumina trihydrate is used for metallurgical and non-metallurgical applications, of which only the non-metallurgical applications, such as its use in plastics, chemicals, pharmaceuticals and other industries, have been considered.

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On regional level analysis, it has been found that Asia Pacific excluding Japan will contribute a significant share to the overall consumption of Alumina Trihydrate across the globe and this consumption is further expected to grow at a significant CAGR, in terms of value, during the forecast period. The analysis of the Global Alumina Trihydrate Market also revealed the market size by Value (US$ Mn) and Volume (Tons) for individual regions as well as country-wise growth rates. After analysing end-use industries, FMI arrived at the conclusion that the plastics industry consumes the maximum quantity of Alumina Trihydrate. Within the plastic industry, Alumina Trihydrate is used in the synthesis of polyester and other polymer resins, which are substitute materials for latex, rubber, wires & cables and floorings.

Alumina Trihydrate Market: Factors Impacting Revenue Growth

The Global Alumina Trihydrate Market is primarily being driven by growing demand for plastics from the automotive and transportation industry. Within the automotive and transportation industry, Alumina Trihydrate is used as an additive in the manufacturing of composite materials. The chemicals industry is considered to be another prominent end-use sector for alumina trihydrate. Growing demand from other critical applications has also been supporting the growth of Alumina Trihydrate market. For instance, Alumina Trihydrate is preferred for the manufacturing of alum, which in turn, is used in water treatment. Alumina Trihydrate is preferred over titanium dioxide pigments due to its low cost and superior performance characteristics. Moreover, regional governments’ support for Alumina Trihydrate as it is a non-hazardous inorganic compound will also increase the consumption of Alumina Trihydrate by a healthy extent. In addition to the present demand scenario, upcoming growth opportunities from new end-use sectors, such as batteries, industrial chemicals, nanotechnology, engineered plastics, vaccine adjuvants and flame retardants, are further anticipated to augment the market size and growth of alumina trihydrate across the globe.

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Alumina Trihydrate Market: Key Participants

Some of the market participants identified across the value chain of the Alumina Trihydrate market are Alfa Aesar, Sumitomo Chemical Co. Ltd., Albemarle Corporation, Nabaltec AG, Huber Engineered Materials, Showa Denko K.K., Ecolab, Inc., MAL Zrt, Alcoa Inc. and Aluminum Corp. of China Ltd.

The Alumina Trihydrate market is a highly competitive market consisting of tier-1 global scale alumina trihydrate manufacturers and many small-scale alumina trihydrate manufacturers catering to domestic demand. Increasing production capacity for Alumina Trihydrate and creating a strong supply and distribution infrastructure has been the main strategies pursued by Alumina Trihydrate manufacturers. For e.g. to remain competitive, leading Alumina Trihydrate manufacturer, Sumitomo Chemical Co. Ltd., in 2013, set up a new manufacturing facility for high-purity alumina in Iksan, South Korea, with annual alumina trihydrate production capacity of 1,600 tonnes and improved its sales and distribution network across the globe.

Bentonite Market Will hit at a CAGR Value of 5.8% from 2015 to 2025

Future Market Insights (FMI), delivers key insights on the bentonite market in its latest report titled, “Bentonite Market: Global Industry Analysis and Opportunity Assessment 2015–2025”. According to the report, revenue from the global bentonite market is projected to expand at a healthy CAGR of 5.8% during the forecast period. Bentonite is a highly colloidal clay mineral which contains a various minerals such as feldspar, quartz, gypsum and calcite. Properties such as water swelling, absorption, hydration and viscosity broaden the application scope of bentonite across a wide range of industries, such as food and pharmaceuticals. It finds its use in the manufacture of detergents, paints pharmaceuticals, cosmetics, polishes, dyes, animal feed and paper. For instance, it is used as a binding agent in the production of iron ore pellets and finds application in foundries. Also, based on application or use of finished product the mechanical and chemical properties of bentonite can be modified through various combinations and additions of raw materials.

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Versatility of this material is driving increasing adoption in various industries, including automobiles, construction and chemicals. Technological advancements in bentonite production and increasing demand through exports are major underlying factors anticipated to fuel growth of the Asia Pacific bentonite market between 2015 and 2025. This is forecast to offer bentonite manufacturers, distributors and product converters unprecedented opportunities in the market. Furthermore, the trend is even more pronounced in emerging economies of the world (Brazil, India, Russia and China). Healthy trade relations and government support in these regions has served to boost bentonite export-import activities.

Demand for bentonite is highest in North America — the region accounting for 36.3% share of the global market in 2014. North America is expected to remain the most lucrative market for bentonite throughout the forecast period. India is projected to play an important role in this market owing to low labour and operational costs. Owing to the growth in the oil industry, especially in Asia Pacific and Middle East, the drilling fluid- and clarification agent- application segments are expected to exhibit high growth rates of over 6% during the forecast period.

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Some of the major driving factors identified in the global bentonite market include rapid growth of the construction sector in emerging markets and Use of bentonite in treating and filtering water is also driving the growth of the market. In addition, government support to SMEs in this region is forecast to further boost growth of the market. However, stiff competition on account of substitute products and shrinking profit margin can impede the growth of the market. Increasing application of bentonite in landscaping and landfill as a geosynthetics clay liner (GCL) are the key trends in the market.

On the basis of product type, the global bentonite market is segmented into calcium, sodium, and others. Key end-use application segments include sealant, binder, clarification agent, drilling fluid, and absorbent/adsorbent. Oil, food, construction, foundry, and pharmaceuticals are the key end-use industries for the bentonite market. North America is the largest market for bentonite, while Asia Pacificis the fastest growing.The report analyses the global bentonite market in terms of value (US$ Mn) and volume (‘000 tonnes) by region, product type, end-use application and end-use industries, and provides insightful information regarding market dynamics, value chain, competitive landscape, current trends, market estimations and forecast.

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Key market participants covered in the report include Black Hills Bentonite, LLC, Halliburton Co., Kemira OYJ, Charles B Chrystal Co. Inc., Mineral Technologies Inc., Clariant AG, Alfa Aesar, Kutch Minerals, Kunimine Industries Co. Ltd., Ashapura Group of Companies and Wyo- Ben Inc.