Europe led by France, Italy, UK, Germany Alumina Trihydrate Market size is projected to grow over the forecast timeframe. Strict environmental regulations regarding sewage water disposition are likely to drive regional product demand. Wastewater treatment chemicals market size is poised to surpass USD 8.5 billion by 2027 which would drive product demand in forecast timeframe.
North America led by Mexico, Canada, and the U.S. Alumina Trihydrate Market size is likely to grow over the forecast timeframe owing to rising demand from fire-safe applications in construction and automobile industries. Stringent safety regulations for fire safety would propel industry size owing to its flame retardant and smoke suppression properties.
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Alumina Trihydrate Market, By Application, 2014-2025 (Tons) (USD Million)
- Fire Retardant
- Mineral extender
- Flame Retardant
- Smoke suppressant
Alumina Trihydrate industry, By End-Use, 2014-2025 (Tons) (USD Million)
- Water Treatment
- Paints and Coatings
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The product is also used in the pharmaceutical industry as an antacid and helps in acidity reduction it is also ingested to control elevated phosphate levels in the blood which if left unchecked can cause kidney failure. Changing lifestyle and food habits along with rising concerns of medication is likely to foster industry growth. The global antacid market is likely to grow over USD 18.5 billion by 2025, thus driving alumina trihydrate market value by 2025.
Aluminum hydroxide is used in vaccines as a pharmacological and immunological agent to boost immune response by increasing antibodies. Vaccine formulations with aluminum hydroxide can stimulate the immune system of the body by inducing uric acid release. The global vaccine market is likely to reach USD 65 billion by 2027 which may fuel product demand by 2025.
Aluminum hydroxide in powder or dust form might cause irritation in the skin eye and respiratory tract. Ingestion of product would likely have a harmful and adverse effect on humans. The product is advised to be stored in a cool dry and ventilated place. It is suggested to be covered when not in use. These factors along with the availability of alternative chemicals might adversely affect industry profitability and alumina trihydrate market price trend.
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Global alumina trihydrate market share is slightly consolidated. Key players include Akrochem Corporation, Huber Engineered Materials, Almatis, LKAB Minerals AB, Aluminum Corporation of China Ltd. (Chalco), Nabaltec AG, Aditya Birla Management Corporation Pvt. Ltd., Albemarle Corporation Alumina – Chemicals & Castables, Alfa Aesar, and MAL-Hungarian Aluminium Producer and Trading Co.