The market for aluminum hydroxide (Alumina Trihydrate) is anticipated to register a CAGR of over 4.5%, in terms of volume. Major factors driving the market studied include increasing usage in polymer applications, primarily as fire retardants and rise in safety standards in building construction. Increasing health risks, primarily due to exposure to aluminum hydroxide, are expected to hinder the growth of the market studied.
– Industrial grade dominated the market and is expected to expand at a fastest rate during the forecast period owing to the diverse industrial applications, like flame retardant chemicals, fillers and coatings, adhesives, sealants, and elastomers.
– Increasing usage in batteries and chemicals are expected to act as a growth opportunity for the market studied over the forecast period.
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Key Market Trends
Plastics Segment to Dominate the Market
– Alumina trihydrate is majorly used in plastics as a flame retardant. Almost 40% of the alumina trihydrate produced is being used in the plastics industry.
– In thermoplastics, flame retardant substances are added to the polymer matrix in a molten state during extrusion, while in thermosetting plastics, the flame-retardant materials are incorporated in the polymer structure by means of polycondensation or grafting.
– Plastics are being used in different end-user industries, owing to the advantages, such as low cost, less weight, durable, water-resistant, etc. Some of the major end-user industries include automotive and transportation, construction, and electrical and electronics, among others.
– Growing demand for lightweight and fire-resistant materials in the automotive industry, in order to provide increased efficiency and design flexibility, is primarily responsible for the growth of the plastics market. High-performance plastics offer manufacturers the advantages of design and comparable strength of steel, thus, this helps in reducing the overall weight and controlling greenhouse gas emissions.
– The electrical industry is seeking substitutes for halogens, as flame retardants, due to health, safety, and recycling reasons. The non-halogenated materials are being used as a replacement for halogenated materials in electrical applications, such as the insulating elements and housings for circuit breakers, contactors, transformers, and motors.
Aluminum Hydroxide Market
North America Refining Catalysts Market
Automotive Plastics Market
Oilfield Chemicals Market
Non-Halogenated Flame Retardant Chemicals Market
Electrocoating (E-Coat) Market
Latin America Paints and Coatings Market
Asia-Pacific Hot-melt Adhesives Market
Germany Polymer Emulsion Market
Germany Construction Chemicals Market