Alumina trihydrate or aluminum trihydroxide is a substance which is present in white colour, odorless, non-toxic, and available in powdered form. Alumina trihydrate is mainly used for purposes such as fireproof plastics, chemicals and antacids. These substance in used in various industries like plastic, building & construction, paints & coatings, etc. These are used in manufacturing of aluminum, adhesives, coatings, wires, & cables, caulks & sealants, rubbers, paper and carpet backing. Alumina trihydrate powder is obtainable in four grades such as chemically treated, coarse, precipitated and superfine.
MARKET DYNAMICS
The global alumina trihydrate market is growing at a significant pace owing to driving factors such as increase in the demand from the flame retardant and automotive industries. Moreover increase in demand of alumina trihydrate in painting and coating industries due to its cost effectiveness is also a key factor for driving the market. However increase in preference of alternative products like magnesium hydroxide and others are expected to restrain the alumina trihydrate market. Likewise, increase in application of alumina trihydrate in various industries may provide a lucrative opportunity for the market to grow in future.
MARKET SCOPE
The "Global Alumina Trihydrate Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the alumina trihydrate market with detailed market segmentation by end-use, applications, and geography. The global alumina trihydrate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading alumina trihydrate film market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global alumina trihydrate market is segmented on the basis of end-user and application. On the basis of end-use, the alumina trihydrate market is segmented into, plastics, building & construction, pharmaceuticals, paints & coatings, glass, rubber,and others. Based on application, the global alumina trihydrate market is segmented into, flame retardant, filler, antacid,and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global alumina trihydrate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The alumina trihydrate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the alumina trihydrate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the alumina trihydrate market in these regions.
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MARKET PLAYERSThe reports cover key developments in the alumina trihydrate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from alumina trihydrate market are anticipated to lucrative growth opportunities in the future with the rising demand for alumina trihydrate in the global market. Below mentioned is the list of few companies engaged in the alumina trihydrate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the alumina trihydrate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Albemarle Corporation
-Alcoa Corporation
-Aluminum Corporation of China Limited
-Huber Engineered Materials
-LKAB Minerals AB
-MAL-Hungarian Aluminum Producer and Trading Co
-Nabaltec AG
-NALCO
-SHOWA DENKO K.K.
-Sumitomo Chemical Co., Ltd
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