[135 Pages Report] The global alumina trihydrate (ATH) market is estimated to be USD 1.51 billion in 2018 and is projected to reach USD 1.99 billion by 2023, at a CAGR of 5.7% from 2018 to 2023. The rising demand for alumina trihydrate from plastics, building & construction, pharmaceuticals, paints & coatings, and other industries, and the increasing fire safety regulations are fueling the demand for alumina trihydrate.
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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.
Key players operating in the alumina trihydrate market include Albemarle Corporation (US), Huber Engineered Materials (US), Nabaltec AG (Germany), and LKAB Minerals AB (Sweden), among others. These companies focus on investing in capacity expansions of plants to grow in the alumina trihydrate market.
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