New York, Aug. 07, 2019 (GLOBE NEWSWIRE) -- By the increase demand for flame retardant material, increase in usage of ATH in paint and coating industries are the factors for the growth of the Alumina Trihydrate Market.
The global Alumina Trihydrate Market was valued at USD 1.54 Billion in 2018 and is expected to reach USD 2.36 Billion by year 2026, at a CAGR of 5.6%. Alumina Trihydrate Market is driven by the increase demand for flame retardant material, increase in usage of ATH in paint and coating industries. Government regulations for the safety of people creates the demand for the flame retardant material. Properties of alumina trihydrate such as flame retardant, amphoteric, Antacid makes it popular for industries like Electrical, Pharmaceutical, Building and construction, Plastic, Automotive, paints and coating and other. Alumina trihydrate is also known as aluminum hydroxide. It is a non- abrasive powder which is obtain from bauxite using Bayer process.
Alumina trihydrate produce in different grade as per the application, grades such as High grades and Standard grades. A significant growth can be seen in building and construction industry which owes to the increase in population and economic development. Alumina trihydrate used in building and construction industry as a flame retardant material. Alumina trihydrate is consider as amphoteric in nature which means it can be dissolve in acid and alkali both and because of this it is very commonly used for the production of aluminum metals. Apart from above application, aluminum trihydrate is used for wide range of applications.
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Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the Alumina Trihydrate Market on the basis of Type, Grades, Application, End-user, and region:
By Types (Revenue, USD Billion; 2016–2026)
By Grades (Revenue, USD Billion; 2016–2026)
By Applications (Revenue, USD Billion; 2016–2026)
By End-user (Revenue, USD Billion; 2016–2026)
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Regional Outlook (Revenue in USD Billion; 2016–2026)
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