Alumina Trihydrate Market will reach at a CAGR Value of 5.7% from 2016 to 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.

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US$ 5,793.3 Mn Sputter Coatings Market to Witness Steady Growth in 2026

Future Market Insights delivers key insights on the sputter coatings market in a new publication titled “Sputter Coatings Market: Global Industry Analysis and Opportunity Assessment, 2016 – 2026”. The global sputter coatings market is expected to increase with a moderate growth rate of 4.0% to reach a valuation of US$ 4,803.3 Mn by the end of 2016. The global sputter coatings market is expected to reach 16,106.0 metric tonnes by 2026 end, up from 10,435.0 metric tonnes in 2016, in terms of volume. In this report, Future Market Insights analyses the factors and trends impacting the growth and performance of the global sputter coatings market.

According to Future Market Insights analysts, demand for flat panel displays in the manufacturing of smartphones, LED and OLED televisions, and other electronic components is expected to witness a steady growth during forecast period. This in turn is expected to drive growth in the consumption of sputter coating targets during the forecast period. An increasing utilization of renewable energy sources is increasing the demand for solar panels, which in turn is expected to drive the global sputter coatings market growth over the forecast period. Stringent government regulations in North America and Europe regarding the use of low-e glass in commercial as well as residential buildings are expected to boost the demand for metal and element sputter targets. Furthermore, to reduce the heating and cooling cost of automobiles, manufacturers are using low-e glass, which in turn is anticipated to drive the global sputter coatings market growth over the forecast period.

However, low coating efficiency of sputtering technology along with development of alternatives for sputter coatings are expected to hinder the growth of the global sputter coatings market over the forecast period.

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Segmentation highlights

The global sputter coatings market is segmented on the basis of Target Types (Metal and Element, Alloys, Compounds) and Application (Flat Panel Display, Solar Panel, Architectural Glass, Semiconductors, Others).

The Metal and Element target type segment is expected to register a relatively high CAGR of 4.9% over the forecast period to reach a market valuation of US$ 2,872.1 Mn by the end of 2026

The Compounds target type segment is anticipated to dominate the overall sputter coatings market during the forecast period to acquire a value share of 60.0% by the end of 2026

The Flat Panel Display application segment is anticipated to witness the maximum demand, recording an absolute incremental opportunity of nearly US$ 1.1 Bn over 2016-2026. This segment is expected to dominate the global sputter coatings market over the forecast period to acquire a value share of 37.7% by the end of 2026

The Solar Panel application segment is anticipated to expand with a relatively high growth rate of 5.0% during the forecast period

Regional market projections

The global sputter coatings market is segmented into five major regions namely North America, Western Europe, Asia Pacific Excluding Japan, Japan, and Rest of the World (Eastern Europe, Latin America, Middle East & Africa). Asia Pacific excluding Japan is anticipated to dominate the global sputter coatings market over the forecast period. Taiwan followed by South Korea and China are expected to dominate the sputter coatings market over the forecast period in the APEJ region. APEJ is estimated to account for a major share of 57.4% of the global sputter coatings market by 2016 end.

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Vendor insights

The global sputter coatings market is a fragmented market. Some of the major players in the global sputter coatings market include Materion Corporation, ULVAC, Inc., JX Nippon Mining & Metal Corporation, Heraeus Holding, Honeywell International Inc., Umicore Group, Praxair S.T. Technology, Inc., Tosoh SMD, Inc., Soleras Advanced Coatings, China Rare Metal Material Co. Ltd., JIANGYIN ENTRET COATING TECHNOLOGY CO. LTD., and GRIKIN Advanced Materials Co. Ltd.