CHICAGO, March 11, 2021 /PRNewswire/ -- According to the new market research report "Alumina Trihydrate Market by Type (Ground, Wet, Dry, Precipitate), Application (Flame Retardant, Filler, Antacid), End-Use Industry (Plastic, Building & Construction, Paints & Coatings, Pharmaceuticals, Glass, Rubber), Region - Global Forecast to 2025", published by MarketsandMarkets, the global Alumina Trihydrate Market size in 2020 is estimated at USD 1.5 billion and is projected to reach USD 1.9 billion by 2025, at a CAGR of 5.5% from 2020 to 2025. The major drivers for the market include the rising consumer demand for alumina trihydrate in different applications and end-use industries, such as flame retardants, and paints & coatings. However, the substitutes present in the market, for instance, magnesium hydroxide, can restrain the market growth.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=80048766
Browse 180 Market Data Tables and 47 Figures spread through 215 Pages and in-depth TOC on "Alumina Trihydrate Market"
View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/alumina-trihydrate-market-80048766.html
The ground type segment is estimated to account for the largest share of the alumina trihydrate market in 2020.
Based on type, the ground segment is estimated to account for the largest share of the alumina trihydrate market in 2020 in terms of volume. It is widely used in insulating devices, plastics, rubber, catalyst, paper, glass, artificial stone, glass steel, potting, resin, adhesives, grille, carpet, and other industries. It has a higher surface area, irregular particle morphology, and wide particle size distribution. The particle size of ground alumina trihydrate ranges from 1 micron-50 micron. It is an economical and cost-effective fire retardant.
The flame retardant application segment is estimated to account for the largest share of the alumina trihydrate market in 2020.
Based on application, the flame retardant segment is estimated to account for the largest share of the alumina trihydrate market in 2020. The growth of this segment can be attributed to the halogen-free flame retardants being used in various industries, such as electrical & electronics, building & construction, and transportation. They are used in electric wire insulation materials, building materials, automotive parts, textiles, and home furnishings.
The plastics segment is estimated to be the fastest-growing end-use industry segment of the alumina trihydrate market during the forecast period.
Alumina trihydrate is the most economic and widely used flame retardant and smoke suppressant in the plastics industry. Plastic materials need to be incorporated with flame retardant chemicals, as these materials can easily catch fire. With the growing consumption of plastic materials for various applications, the use of flame retardant chemicals has become inevitable, driving the growth of the market. Alumina trihydrate is used in various applications in the plastics industry, which include engineering thermoplastics, piping, nylon, polyolefin, PVC-flexible, rigid PVC, and Sheet Molding Compound (SMC), among others.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=80048766
Asia Pacific is expected to be the largest and the fastest growing market in the alumina trihydrate market during the forecast period
The alumina trihydrate market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, India, and Japan together accounted for the major share of the Asia Pacific alumina trihydrate market in 2019. Moreover, the Asia Pacific region is an emerging and lucrative market for alumina trihydrate, owing to industrial development and improving economic conditions. The presence of a number of plastic products manufacturing plants in China and rapid industrialization in Asia Pacific are expected to drive the alumina trihydrate market during the forecast period.
Major companies such as Sumitomo Chemical Company, Limited (Japan), Hindalco Industries Limited (India), Aluminum Corporation of China Limited (China),Nabaltec AG (Germany), and Huber Engineered Materials (US) and among others.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=80048766
Related Reports:
Halogen-Free Flame Retardants Market By Type (Aluminum Hydroxide, Organophosphorus), Application (Polyolefins, UPE, ETP, Styrenics), End-Use Industry (Electrical & Electronics, Construction, Transportation), Region
https://www.marketsandmarkets.com/Market-Reports/halogen-free-flame-retardants-market-32144405.html
Cast Polymers Market by Type (Solid Surface, Engineered Stone, Cultured Marble), Material (Alumina Trihydrate, Calcium Carbonate, Resins, Natural Stone/Quartz), End User (Non-Residential, and Residential) and Region
https://www.marketsandmarkets.com/Market-Reports/cast-polymers-market-127257947.html
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/alumina-trihydrate-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/alumina-trihydrate.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
