According to this latest study, the growth in the Aluminum Trihydrate market will change significantly from the previous year. Over the next five years, Aluminum Trihydrate will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.
Alumina trihydrate (ATH) is also referred to as alumina trihydrateas and has a chemical formula (AI2O3•3H2O). It is mostly used as flame retardant owing to its versatility and low cost. It is non-toxic, chemically, inert, halogen-free, and has low abrasiveness. It is mainly produced by the Bayer process and is converted to aluminium oxide (alumina), which is mainly used in the production of aluminum. Moreover, alumina trihydrate is also used as an antacid medication for treating the gastrointestinal condition. Increasing usage of alumina trihydrate as a substitute for titanium dioxide pigments in the paints and coatings industry as it is relatively inexpensive is projected to propel the market growth of alumina trihydrate. Moreover, the growing demand for alumina trihydrate from plastic, paper industry, and building and construction industry is further projected to boost the market growth of alumina trihydrate.
Global Alumina Trihydrate market is foreseen to record considerable growth through 2028 due to the increasing consumer demand for the compound in diverse applications and end-user industries, like paints and coatings, flame retardants, and more. Alumina Trihydrate based flame retardants are considered to be highly environment friendly.
The research provides an up-to-date analysis of the current market scenario, as well as the current developments and drivers, and the market landscape. Furthermore, the growing demand for Aluminum Trihydrateis expected to propel the industry forward. The Aluminum Trihydrate market analysis is segmented into type, application, and geographic landscape.
Key Players Covered In Aluminum Trihydrate market Are:
- J.M. Huber Corporation
- Alteo
- Dadco Alumina and Chemicals
- ALUMINA CHEMICALS & CASTABLES
- Chalco
- TOR Minerals
- Sibelco
- LKAB Minerals
- Niknam Chemicals
- Akrochem Corporation
Market Has Segmented The Aluminum Trihydrate Market On The Basis Of Type, Application, And Region:
By Type:
- Unground ATH
- Ground ATH
- Precipitated ATH
By Application:
- Aluminium chemicals
- Polymers
- Coatings
- adhesives & sealants
Aluminum Trihydrate Market Segmentation by Geographical Analysis
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
Impact Of Covid-19 Outbreak On The Alumina Trihydrate Market
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Aluminum Trihydrate Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
Also, the Alumina Trihydrate market analysis report includes information on upcoming technology trends, restraints, threats, challenges and opportunities that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities. The report contains a comprehensive market and competitive landscape in addition to an analysis of the key vendors.
Report covered the major key points:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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