The global Alumina Trihydrate Market was valued at USD 1.54 Billion in 2018 and is expected to reach USD 2.36 Billion by year 2026, at a CAGR of 5.6%. Alumina Trihydrate Market is driven by the increase demand for flame retardant material, increase in usage of ATH in paint and coating industries. Government regulations for the safety of people creates the demand for the flame retardant material.
The latest industry analysis report offers in-depth information regarding the key segments and sub-segments of the global Alumina Trihydrate industry and emphasizes the current pandemic situation that has significantly disrupted the industry's growth trend. Key dynamics impacting market growth include drivers, restraints, opportunities, supply & demand ratios, emerging market trends, technological innovations, and value chain analysis. The report further highlights some major challenges, imminent risks and threats, and stringent government policies and regulations that are expected to impede market growth during the forecast period. The report is aimed at enabling readers to gain deep insights into the global Alumina Trihydrate market and its core mechanism and capitalize on the favorable market growth prospects. It further offers a concise summary of the Alumina Trihydrate market's intensely competitive landscape and lists down the leading players in the market. This section of the report also highlights the strategic initiatives undertaken by these players for long-term business growth. According to the report, the global Alumina Trihydrate market is projected to reach a whopping market size of USD XX Million in 2028 from USD XX Million in 2020, registering a robust XX% CAGR.
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Key participants include Southern Ionics Incorporated, Jinan Chenxu Chemical Co. Ltd., KC Corporation, Hayashi Kasei Co., Ltd, Dadco Group, Alumina Chemicals & Castables, Spectrum Chemical Mfg. Corp, Albemarle Corporation, Huber Engineered Materials, Sumitomo Chemical Company, Limited, SCR - Sibelco NV, The R.J. Marshall Company
Alumina Trihydrate Industry Overview
The global materials & chemicals industry revenue growth can be majorly attributed to increasing demand for essential consumer goods including soaps, detergents, and beauty & personal care products worldwide, rising preference for sustainable and eco-friendly raw materials, and growing use of advanced chemicals and raw materials in industries including agriculture, food & beverage industries, buildings & construction, automotive, packaging, and manufacturing industries. Other major factors driving growth of this industry are rising pollution levels, increasing environmental awareness, increasing use of technologically advanced chemicals and materials, and rising demand for organic materials.
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Global Alumina Trihydrate Market Segmentation: Regional Outlook
§ North America
§ Latin America
§ Asia Pacific
§ Middle East & Africa
By Types (Revenue, USD Million; 2016-2026)
* Ground ATH
* Double Precipitated ATH
By Grades (Revenue, USD Million; 2016-2026)
* High grades
* Standard grades
By Applications (Revenue, USD Million; 2016-2026)
* Flame Retardant
By End-user (Revenue, USD Million; 2016-2026)
* Building & Construction
* Paint and coating
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