The 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. Alumina trihydrate, also known as aluminum trihydrate/aluminum hydroxide, is crystalline and a non-abrasive powder, which is obtained from bauxite using the Bayer process. One of the important properties of alumina trihydrate is that it is amphoteric in nature, thereby making it suitable for different applications. Alumina trihydrate is widely used as a flame retardant and a smoke suppressant. In addition, it is also used as a raw material to manufacture calcined alumina, Poly Aluminum Chloride (PAC), aluminum sulfate, sodium aluminate, aluminum nitrate, and alumina.
Download PDF Brochure to Know More: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=80048766
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.
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.
Request For Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=80048766
About MarketsandMarkets™
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 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points 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, and 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, “Knowledge Store” 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.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/alumina-trihydrate-market-80048766.html