Alumina Trihydrate Market Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

 

Alumina Trihydrate
Alumina Trihydrate

Due to rising consumer demand for the substance in various applications and end-user industries, such as paints and coatings, flame retardants, and more, the global alumina trihydrate market is predicted to expand significantly through 2028. Flame retardants made from alumina trihydrate are regarded as being very environmentally friendly. Additionally, a paradigm shift in the paint and coating industry from titanium oxide to aluminium trihydrate.

Engineering plastic is becoming more widely used in a variety of sectors, including the automotive, building, and electronics industries, which is fueling industry growth. In the upcoming years, it is anticipated that the Alumina Trihydrate market demand will be driven by the use of plastic in the automotive industry to reduce the overall weight of vehicles and improve fuel efficiency. Nevertheless, during the course of the analysis period, it is anticipated that factors like the availability of substitutes for alumina trihydrate and environmental problems related to alumina production will restrain the market's expansion.

Depending on the product type, the flame retardants market for alumina trihydrate would experience rapid growth in the upcoming years. Due to environmental concerns and the rising prevalence of fire incidents worldwide, ATH is one of the most commonly used flame retardants.

Huber Engineered Materials (J.M. Huber Corporation), Akrochem Corporation, Aditya Birla Management Corporation Pvt. Ltd., Almatis, Aditya Birla Management Corporation Pvt. Ltd., MAL-Hungarian Aluminium Producer and Trading Co., and Albemarle Corporation Alumina - Chemicals & Castables are just a few of the top market players present in the highly consolidated global alumina trihydrate industry. To gain a competitive edge in the Alumina Trihydrate market, these vendors are engaging in strategic actions like mergers and acquisitions, partnerships, and product launches.

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