DUBLIN--(BUSINESS WIRE)--The "Alumina Trihydrate Market by Application (Flame Retardant, Filler, Antacid), End-Use Industry (Plastics, Building & Construction, Paints & Coatings, Pharmaceuticals, Glass, Rubber) & Region (APAC, North America, Europe, MEA) Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The alumina trihydrate market is projected to grow from USD 1,508.1 million in 2018 to USD 1,958.8 million by 2023, at a CAGR of 5.7% from 2018 to 2023.
The growth of the alumina trihydrate market can be attributed to flourishing plastics and building & construction industries globally with the increasing use of alumina trihydrate in various applications. The rising demand for fire safety and cost-effective fillers has led to the increased consumption of alumina trihydrate in various end-use industries such as plastics.
Alumina trihydrate has a wide application area; however, it's not suitable for high-temperature applications. The thermal decomposition of alumina trihydrate begins at about 2200C in applications such as thermosets and certain PVCs. As such, alumina trihydrate is not suitable for applications with temperatures above 2200C, thereby restricting its use in high-temperature applications such as polyolefins.
China is the largest market for alumina trihydrate in the Asia Pacific region, in terms of value. Growing industrialization and imposition of fire safety regulations in the region have led to the increase in demand for flame retardant in end-use industries. This offers enormous growth opportunities for the manufacturers of alumina trihydrate, as it is used in various applications.
The report also discusses competitive strategies adopted by market players, such as Albemarle Corporation (US), Huber Engineered Materials (US), Nabaltec AG (Germany), and LKAB Minerals AB (Sweden).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Alumina Trihydrate Market, By Application
7 Alumina Trihydrate Market, By End-Use Industry
8 Alumina Trihydrate Market, By Region
9 Competitive Landscape
10 Company Profiles
- Albemarle Corporation
- Nabaltec AG
- Huber Engineered Materials (HEM)
- Sumitomo Chemical Company, Limited
- LKAB Minerals AB
- SCR - Sibelco NV
- Aluminum Corporation of China Limited (Chalco)
- The R.J. Marshall Company
- Mal - Magyar Alumnium Termel s Kereskedelmi Zrt.
- Southern Ionics Incorporated
- Jinan Chenxu Chemical Co., Ltd.
- KC Corporation
- Hayashi Kasei Co., Ltd
- Dadco Group
- Alumina Chemicals & Castables
- Spectrum Chemical MFG. Corp
For more information about this report visit https://www.researchandmarkets.com/research/3z44xz/global_alumina?w=4