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Precipitated Fine Hydrate Market Reflecting a CAGR of 7.3% by 2026
Precipitated Fine Hydrate Market
The Precipitated Fine Hydrate Market is experiencing an impressive growth trajectory due to its diverse range of applications in various industries. The market is estimated to grow at a CAGR of 7.3% by 2026, driven by rising demand from the personal care, pharmaceuticals and food & beverages sectors.
The most prevalent method of producing alumina trihydrate (Al2O3. 3H2O), also known as hydrated alumina, is the Bayer process, which entails dissolving bauxite in sodium hydroxide at high temperatures. One of the most frequently used flame retardants in the world is alumina trihydrate.
Prior to additional processing steps, it is frequently put into plastics or polymers to impart the property of reducing flame spread. Additionally, it is used as a chemical intermediary and in medicines. Alumina trihydrate is manufactured for use in industry in a range of forms, including wet, dried, grinding, and fine precipitated forms.
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Precipitated Fine Hydrates are characterized by high chemical purity, relatively smaller particles or fine particle sizes. Precipitated fine hydrates or fine precipitated alumina hydrates are commonly used as flame retardants and/or fillers especially in applications in wire & cable insulations, cross-linked elastomers, flexible PVC, polyester resins, epoxy resins, thermoplastics, paper, adhesives and paints among others.
Precipitated Fine Hydrate based flame retardants are halogen free, non-toxic & non-corrosive and also impart relatively higher temperature and flame resistance as compared to conventionally used alternatives.
Precipitated Fine Hydrate Market: Dynamics
Demand for precipitated fine hydrate is expected to witness a steady growth during the forecast period. Stringent regulations, especially in Europe and North America, directed towards reducing and eventually replacing halogenated flame retardants have resulted in a significant growth in global non halogenated flame retardants market over the recent past.
Moreover, increasing preference for such non-halogenated flame retardants in Asia Pacific region, spearheaded by China is expected to drive growth of global precipitated fine hydrate market during forecast period.
Also, steady growth of polymer processing industry - one of the primary consumers of precipitated fine hydrate based flame retardants especially for application in key end use industries such as construction, automotive, and industrial equipment among other industries is expected to propel the growth of global precipitated fine hydrate market during forecast period.
Growing use of precipitated fine hydrate as flame retardant in paints and coatings industry is another factor that is expected to fuel growth of market during forecast period.
Precipitated Fine Hydrate Market: Segmentation
Global Precipitated Fine Hydrate market can be segmented on the basis of end user industry and on the basis of regions
On the basis of end use industry, global Precipitated Fine Hydrate market can be segmented as follows:
• Plastic industry
• Rubber industry
• Paper industry
• Adhesives & Sealants industry
• Coating & paint industry
• Wire & Cables industry
• Others
Precipitated Fine Hydrate Market: Region-wise Outlook
Asia-pacific excluding japan (APEJ) is expected to witness relatively faster growth over the forecast period 2016-2026. Growth in the region is expected to be spearheaded, primarily, by countries such as China and India.
Increasing demand from plastics, paper processing and rubber industries is expected to drive growth of global precipitated fine hydrate market in these countries during forecast period. Europe and North America accounted for significant share in global precipitated fine hydrate market over the recent past. These mature markets are expected to register relatively slower growth in terms of volume over forecast period as compared to Asia Pacific region.
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Precipitated Fine Hydrate Market: Market Players
Some of the identified players operating in global precipitated fine hydrate market include Huber Engineered Materials, Hindalco Industries Limited, Alteo, and The R.J. Marshall Company, among others. Some of these companies have focused on increasing precipitated fine hydrate production capacities so as to better cater to the increasing demand for the chemical over the forecast period.
The precipitated fine hydrate market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, and end use industries.
The precipitated fine hydrate market report covers exhaustive analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
Precipitated fine hydrate regional analysis includes:
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)
The precipitated fine hydrate market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Precipitated fine hydrate market report highlights:
• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint
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