Alumina Trihydrate market to Grow with a CAGR of 7.7% from 2021 to 2028 | Alfa Aesar, Sumitomo Chemical Co. Ltd.

Alumina Trihydrate is an inexpensive and safe flame retardant commonly used in plastics, rubber, and upholstered furniture. Its thermodynamic properties make it a good replacement for antimony. Its other uses include as an antiperspirant and smoke suppressant. It is widely used in pharmaceuticals, paints & coatings, and building & construction. Moreover, alumina trihydrate has many applications in the cosmetics, food, and pharmaceutical industries. The automotive sector accounts for over a third of the global market, but the building and construction industry is the largest contributor to the growth of the global alumina trihydrate market.

The Alumina Trihydrate Market Report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.The market report covers strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market. It also delivers the list of leading competitors and provides the insights about strategic analysis of the key factors influencing the Alumina Trihydrate industry.

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Top Key Players in Alumina Trihydrate market: Alfa Aesar, Sumitomo Chemical Co. Ltd., Albemarle Corporation, Nabaltec AG, Huber Engineered Materials (J. M. Huber Corporation), Showa Denko K.K., NALCO, MAL Zrt., Alcoa Inc., and Aluminum Corp. of China Ltd.

Growing demand for alumina trihydrate in the paints and coating industry is expected to propel growth of the global alumina trihydrate market during the forecast period. The demand for alumina trihydrate is high in the paints, coating, and paper industry due to its cost effectiveness and thermodynamic properties that make it a better alternative for antimony that is widely used as flame retardant. For instance, in July 2021, Berger Paints entered into an agreement with Promat Fire and Insulation Private Ltd, to launch fire retardant painting solutions in Bangladesh.

Impact of COVID-19 pandemic:

The outbreak of the COVID-19 pandemic has significantly impacted growth of the global alumina trihydrate market. It has affected the manufacturers supplying to the rubber and glass industries, which weren’t considered essential. The COVID-19 outbreak has affected the global market players active in alumina trihydrate market in the region of Asia Pacific, European countries, and the U.S. The disrupted supply chain has caused hindrance in the production units due to shortage of raw materials and workforce. However, relaxation in the COVID-19 restrictions and decreasing cases is expected to support growth of the market.

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Among regions, North America is expected to witness significant growth in the global alumina trihydrate market during the forecast period. This is owing to high demand for alumina trihydrate material in the construction industry.

Key companies involved in the global alumina trihydrate market are SHOWA DENKO K.K., Aluminium Corporation of China Limited, Albemarle Corporation Huber Engineered Materials, NALCO, Alfa Aesar, Sumitomo Chemical Co., Ltd, Alcoa Corporation, Nabaltec AG, and MAL-Hungarian Aluminium Producer and Trading Co.

Key Questions Answered In This Market Report

1. How much revenue will the Alumina Trihydrate Market generate by the end of the forecast period?
2. Which market segment is expected to have the maximum market share by 2027?
3. What are the influencing factors and their impact on the Alumina Trihydrate market?
4. Which regions are currently contributing the maximum share of the overall Alumina Trihydrate market?
5. What indicators are likely to stimulate the Alumina Trihydrate market?
6. What are the main strategies of the major players in the Alumina Trihydrate market to expand their geographic presence?
7. What are the main advances of the Alumina Trihydrate market?
8. How do regulatory standards affect the Alumina Trihydrate market?

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