- Flame Retardant
- Filler
- Antacid
- Others
Alumina trihydrate is a solid substance, odorless, powdery, and white. Alumina trihydrate exhibits a very low solubility in water. It is also considered to be amphoteric, i.e. it dissolves in both acids and a strong alkali. The production of aluminum metal is the most common use of alumina trihydrate. It is predominantly used as a flame retardant in addition it holds a major application as a smoke suppressant filler in polymers such as rubber products and carpet support. However, growing preference for magnesium hydroxide by means of antacids in pharmaceuticals industry can limit the growth of market. The developing awareness regarding safety of building among common people has led to the demand for alumina trihydrate for the development of energy-efficient buildings. Conventional plastics are unceasingly substituted by flame retardant plastics. Alumina trihydrate finds a major application in wires & cables, sealants, caulks, as an adhesives in building & construction industry, solid surfaces, and roofs, among others. Plastics finds a major application in alumina trihydrate market. The factors propelling the segment growth includes rising industrialization and expansion in addition to the requisite for fire safety. Key players in alumina trihydrate market enhance their product portfolio and consumer base by adopting striking market strategy like collaborations, acquisitions, technological innovations, among others. For instance, – JNS Supply LLC and the Smithchem & Young Division of Lansco Colors LLC have merged to form the new distribution company, JNS SmithChem LLC. North America alumina trihydrate market expanding at significant CAGR over 2019 to 2025 due to increasing regulations related to fire safety. Based on end user, construction segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period. Players focusing on innovation of newer products and collaboration strategies to retain market position in North America alumina trihydrate market
Construction industry is projected to grow at a significant CAGR during the forecast period. It can be attributed to rising activities of construction coupled by the increasing asset in infrastructural undertakings. Moreover, rising expenditure on the construction of residential combined with improving standards of living and expanding per capita disposable income drives the segment growth. Electronics is considered to be one of the industry owing to various initiatives undertaken by the government such as internet of things (IoT) and automation further drives the growth in electronics end users.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.