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Global Alumina Trihydrate Market 2023-2032 : Demand, Trend, Segmentation, Forecast, Overview And Top Companies Include Albemarle Corporation, Alcoa Corporation, Aluminum Corporation of China Limited, Huber Engineered Materials, LKAB Minerals AB
Alumina Trihydrate Market
Alumina Trihydrate Market Size, Growth Rate, And Forecast
The global alumina trihydrate market size is expected to grow from $1.92 billion in 2022 to $2.04 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The alumina trihydrate market is expected to grow to $2.56 billion in 2027 at a CAGR of 5.8%.
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Alumina Trihydrate Market Drivers
The rising demand for flame retardants from the construction industry is expected to propel the growth of the alumina trihydrate market. The increasing number of commercial and residential establishments has increased the possibilities of explosions and fire-related accidents. Non-halogenated flame retardants form a protective char in the condensed phase or release free radicals in the event of ignition to slow fire spread. Several countries have made strict fire safety regulations and protocols mandatory. As a result, to meet government regulations, nonflammable retardants are increasingly being used in buildings, thus increasing the demand for alumina trihydrate.
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Alumina Trihydrate Market Segments
• By Type: Ground, Wet, Dry, Precipitate
• By Application: Flame Retardant, Filler, Antacid
• By End-Use Industry: Plastic, Building and Construction, Paints and Coatings, Pharmaceuticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Alumina Trihydrate market.
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Alumina Trihydrate Market Key Players
Major competitors in the Alumina Trihydrate market include 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
The Business Research Company's "Global Alumina Trihydrate Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Alumina Trihydrate Market Include:
1. Executive Summary
2. Alumina Trihydrate Market Characteristics
3. Alumina Trihydrate Market Trends And Strategies
4. Alumina Trihydrate Market - Macro Economic Scenario
5. Alumina Trihydrate Market Size And Growth
……….
28. Key Mergers And Acquisitions In The Alumina Trihydrate Market
29. Alumina Trihydrate Market Future Outlook and Potential Analysis
30. Appendix
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