In accordance with this study, the Global Alumina Trihydrate Market value registered in 2019 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2026 with a CAGR of XX% during the period of 2020-2026.
Alumina trihydrate is compound in powdered form which is white in color and also non-toxic, chemically inert, less abrasive and halogen-free compound. Alumina trihydrate is usually derived from bauxite ore. It is also used as flame retardant when alumina trihydrate decomposes to aluminum oxide and water treated at 180C. Alumina trihydrate is extensively used in wooden furniture, paints and coatings, tapestry, and construction aggregate.
The increasing use of alumina trihydrate as a substitute for titanium dioxide pigments in paints and coatings and paper industry is driving the market growth. Additionally, rising demand for alumina trihydrate as a fire retardant owing to increasing concern regarding safety standards in buildings is also pushing the market growth. On the downside, availability of substitute such as magnesium hydroxide which acts as better antacid could challenge the market demand.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of alumina trihydrate.
The study offers a decisive view of the global alumina trihydrate market by segmenting it in terms of end-user industry. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By End-User Industry
- Plastics Industry
- Paper Industry
- Paint & Coatings Industry
- Chemicals Industry
- Pharmaceuticals Industry
- Building and Construction Industry
This section covers alumina trihydrate market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global alumina trihydrate market along with the individual application segment across all the prominent region.
Global Alumina Trihydrate Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global alumina trihydrate market are Albemarle Corporation, Alcoa Inc., Alfa Aesar, Aluminum Corporation of China Ltd., Huber Engineered Materials, MAL Zrt., Nabaltec AG, Showa Denko K.K., and Sumitomo Chemical Corporation Limited.. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.