PUNE, India -
March 16, 2021 -
PRLog -- The report " Global Alumina Trihydrate Market, by End-Use Industry (Plastic, Building and Construction, Pharmaceuticals, Paints and Coatings, Glass, Rubber, and Others (Paper Industry and Chemical Industry), by Application (Flame Retardant, Filler, and Antacid), and Region - Global Forecast to 2029"Global alumina trihydrate market is projected to grow from US$ 1.5 billion in 2019 to US$ 2.6 billion by 2029. Global alumina trihydrate market is expected to register moderate growth over the forecast period. This is attributed to increasing demand for alumina trihydrate as flame retardants in various end-use industries such as plastics as well as building and construction across the globe. Rising demand for alumina trihydrate from adhesives and paints and coatings industries and as an antacid in pharmaceuticals industry are driving growth of the global alumina trihydrate market.
Key Highlights:
- In August 2009, for instance, Huber Engineered Materials, a division of J.M. Huber Corporation had launched "MoldX® A105" optimized alumina trihydrate, a fine-particle size and unique particle distribution flame retardant for pultrusion and wet-mat based applications.
Key Market Insights from the report:
The global alumina trihydrate market accounted for US$ 1.5 billion in 2019 and is projected to register a moderate CAGR of 5.6% over the forecast period. The market report has been segmented on the basis of end-use industry, application, and region.
https://www.prophecymarketinsights.com/market_insight/Global-Alumina-Trihydrate-Market-By-336The prominent player operating in the global alumina trihydrate market includes Alfa Aesar GmbH & Co KG, Albemarle Corporation, Huber Engineered Materials, Nabaltec AG, LKAB Minerals AB, Sumitomo Chemical Company, Limited, Alcoa Inc., Aluminium Corporation of China Limited, Nalco Company LLC, and MAL - Magyar Aluminium Termelo es Kereskedelmi Zrt.
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