Alumina Trihydrate Market to Reach CAGR of 5.7% – Forecast 2023 (with Market intelligence and competitive landscape)
The report "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", published by
MarketsandMarkets™, the global alumina trihydrate (ATH) market is
projected to grow from USD 1.51 Billion in 2018 to USD 1.99
Billion by 2023, at a CAGR of 5.7% from 2018 to 2023.
Browse 111 market data Tables and 46
Figures spread through 135 Pages and in-depth TOC on "Alumina
Trihydrate Market"
Target
Audience
- Manufacturers of Alumina Trihydrate and its
Derivatives
- Manufacturers of Alumina Trihydrate and Various
End-use Industries
- Traders, Distributors, and Suppliers of Alumina
Trihydrate
- Regional Manufacturers’ Associations of Alumina
Trihydrate
- Government and Regional Agencies
- Consulting Companies/Consultants in Chemical and
Material Sectors
Albemarle Corporation (US), Nabaltec AG (Germany), Huber
Engineered Materials (US), and LKAB Mineral AB (Sweden) are the key players in
the alumina trihydrate market. These companies are focused on investing in plant
capacity expansions and acquisitions. They are expanding their product
portfolios and compete with other key market players.
Albemarle Corporation (US) focuses on launching innovative
products in the market with improved services. It invests intensively in
R&D activities to maintain an edge over its competitors. For example, in
2016, Albemarle Corporation (US) carried out divestitures of its flame
retardants, specialty chemicals, fine chemistry, and metal sulfides product
lines as part of its business strategy. The company aims at minimizing the
waste and use of raw materials and energy, thereby resulting in less use of
toxic reagents. It is focusing on the green revolution. In this regard, it
introduced two new products, namely GreenCrest and GreenArmor in 2016.
(HEM) Huber Engineered
Materials (US) is one of the leading companies in the alumina trihydrate
market. The company focuses on maintaining a strong customer relationship. It
continuously carries out technological advancements in its customer services.
The company is focused on expanding its product portfolio in the flame
retardants segment and as such has been acquiring technologies and production
facilities of other companies for the same. In this regard, HEM (US) acquired
the Martinswerk business of Albemarle Corporation (US) in 2016 that included
flame retardants and specialty chemicals business.
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.
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