29 OCTOBER 2024AlCircle.com
A by-product of bauxite refinement - ATH's demand and market grows worldwide with promising future
Edited by : Pratyusha Chatterjee
6 min read
Alumina trihydrate (ATH), also known as aluminium hydroxide — chemical formula Al(OH)3, has a vast market potential ahead. The element, which is derived during the refinement of bauxite through the Bayer process, is majorly known for its flame retarding property.
Image Source: Anglo Pacific Minerals
The global market for alumina trihydrate is significant, with a size estimated at USD 4.21 billion in 2023. This figure is projected to grow to USD 5.8 billion in the next five years, demonstrating a compound annual growth rate (CAGR) of 5.6 per cent. These numbers underscore the substantial market potential of ATH.
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