Alumina Trihydrate Market by Application (Flame Retardant, Filler, Antacid), End-Use Industry (Plastics, Building & Construction, Paints & Coatings, Pharmaceuticals, Glass, Rubber), and Region (APAC, North America, Europe, MEA) - Global Forecast to 2023
Northbrook, IL -- (SBWIRE) -- 05/01/2018 -- The growth of the alumina trihydrate market is driven by the rising demand for alumina trihydrate as a flame retardant or filler from the plastics, building & construction, and other end-use industries and increasing regulations related to fire safety.
To know about the assumptions considered for the study, Download PDF Brochure https://www.marketsandmarkets.com/pdfdownload.asp?id=80048766
The flame retardant application segment is estimated to account for the largest share of the alumina trihydrate market in 2018.
Based on application, the flame retardant segment is estimated to account for the largest share of the alumina trihydrate market in 2018. The growth of this segment can be attributed to the increasing regulations of flame retardant across the world in plastics, building & construction, and other industries.
The plastics segment is estimated to be the fastest-growing end-use industry segment of the alumina trihydrate market during the forecast period.
Based on end-use industry, the plastics segment is expected to grow at the highest rate due to the growing demand from emerging economies of the Asia Pacific and Europe. Alumina trihydrate is very effective in flame retardant and filler applications. Alumina trihydrate is used in thermosets and plastics applications.
Asia Pacific is expected to lead the alumina trihydrate market during the forecast period.
China is the largest market for alumina trihydrate in the Asia Pacific region, in 2018. The growth of the plastics and building & construction industries is expected to be the key growth factor for the alumina trihydrate market in the Asia Pacific region. The growing consumption of flame retardant in China is also leading to the growth of the alumina trihydrate market in the country. The increased demand for cost-effective flame retardant and filler is another factor fueling the consumption of alumina trihydrate in China. China is the largest consumer of alumina trihydrate in the Asia Pacific region.
For more information, https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=80048766
Key players in the alumina trihydrate market include Albemarle Corporation (US), Nabaltec AG (Germany), Huber Engineered Materials (US), and LKAB Minerals AB (Sweden), among others.
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 5000 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, "Knowledgestore" 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.
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441