Increasing demand from end user industries such as paper, paints & coatings, increasing applications in automobile industry are some of the major factors expected to boost demand for Alumina Trihydrate in the years to come.
JERSEY CITY, N.J. , Feb. 15, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Alumina Trihydrate Market" By End User (Construction, Electricals, Automobiles, Paints & Coating, Plastic, Textiles, Pharmaceuticals, Cosmetics, and Personal Care), By Application (Industrial Chemicals, Caulks and Sealants, Adhesives, Wires and Cables, Coating, Printing Ink, Ceramics, and Rubber), and By Geography. According to Verified Market Research, the Global Alumina Trihydrate Market size was valued at USD 1.56 Billion in 2020 and is projected to reach USD 1.94 Billion by 2028, growing at a CAGR of 5.5% from 2021 to 2028.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=181125
Browse in-depth TOC on "Alumina Trihydrate Market"
Global Alumina Trihydrate Market Overview
Alumina Trihydrate is used across a wide variety of industries. Alumina trihydrate is the most economic and widely used flame retardant and smoke suppressant in the plastics industry. Plastic is used across almost every sector, including to produce packaging, in building and construction, in textiles, consumer products, transportation, electrical and electronics, and industrial machinery. China is the largest producer and consumer of plastics at a global level. China is the largest producer of plastics (25%) followed by Europe (20%) and the US (19.5%). Thus, demand for Alumina Trihydrate is expected to increase, especially from China's plastic industry.
Alumina Trihydrate is also used in the textile industry. Alumina Trihydrate retards the burning of polymers. It also helps to increase the filler loading in the coating system for the curtain at a low cost compared to metal hydroxides. The contents of flame retardants in textiles and foam products are used for curtains, mattresses, carpets, among others. Again, China remains the world's largest textile producer and exporter, thus, demand for Alumina Trihydrate is expected to increase in the country.
Construction is another major End User of Alumina Trihydrate. The construction industry is expanding, especially in the countries such as China and India , owing to rapid urbanization. In addition, the Middle East and Africa region, also hold lucrative opportunities for Alumina Trihydrate providers. In some countries of the Middle East region, massive investments are being made in infrastructure development, while in Africa - roads, dams, irrigation works, schools, houses, hospitals, factories, and other construction works are being developed.
The major players in the market are Huber Engineered Materials (J.M. Huber Corporation, U.S.), Alfa Aesar (U.S.), Sumitomo Chemical Co., Ltd (Japan ), Albemarle Corporation (U.S.), SHOWA DENKO K.K. (Japan ), Alcoa Corporation (U.S.), Aluminum Corporation of China Limited (China ), Nabaltec AG (Germany ), NALCO (India ), MAL-Hungarian Aluminum Producer and Trading Co.
Verified Market Research has segmented the Global Alumina Trihydrate Market On the basis of End User, Application, and Geography.
Alumina Trihydrate Market, By End User
Alumina Trihydrate Market, By Application
Alumina Trihydrate Market by Geography
Alumina Market By Product (Metallurgical Grade, Refractory Grade, Grinding Grade), By Application (Refractory, Metallurgy), By Geography, Forecast, 2020-2027
High Purity Alumina Market By Grade (4N HPA, 5NHPA, 6NHPA), By Technology (Hydrolysis, Hydrochloric Acid Leaching), By Application (LED, Semiconductor, Phosphor, Sapphire), By Geography, Forecast, 2020-2027
Ceramic Matrix Composites Market By Composite Type (Silicon Carbide Reinforced Silicon Carbide (SIC/SIC), Carbon Reinforced Carbon (C/C), Oxide/Oxide (OX/OX)), By Fiber Material (Alumina fiber, Refractory Ceramic Fibers (RCF)), By Application (Aerospace & Defense, Automotive, Energy & Power), By Geography, Forecast, 2020-2027
Liquid Sodium Aluminate Market By Product (38% Solution, 43% Solution, and 45% Solution), By Application (Water Treatment, Paper Industry, Oil & Chemical, Construction, and Other), By Geography, Forecast, 2020-2027
5 Top Antimicrobial Coatings Companies eliminating deadly viruses' transmission
Visualize Alumina Trihydrate Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
Mr. Edwyne Fernandes Verified Market Research® US: +1 (650)-781-4080 UK: +44 (753)-715-0008 APAC: +61 (488)-85-9400 US Toll Free: +1 (800)-782-1768 Email: sales@verifiedmarketresearch.com Web: https://www.verifiedmarketresearch.com/ Follow Us: LinkedIn | Twitter
View original content:https://www.prnewswire.com/news-releases/alumina-trihydrate-market-size-worth--1-94-billion-globally-by-2028-at-5-5-cagr-verified-market-research-301482542.html
Alibaba (BABA) American depository shares closed at 52-week lows following JD.com's (JD) quarterly print, and amid renewed worries over Chinese ADRs delistings off US exchanges.
MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this content. Consumer prices rose 7.9% in February, as compared to the same month in 2021, according to data from the Labor Department released in January. Now, U.S. inflation is at a nearly 40-year-high.
The SEC named Chinese companies that could face delisting under the Holding Foreign Companies Accountable Act.
A corporate exodus from Russia in response to its military invasion of Ukraine has seen more than 300 U.S. and multinational companies sever business ties with the country – and the list seems to be growing by the minute. But even as many flee, a number of big-name firms have remained mum.
Rio Tinto produces raw materials including copper, iron ore, bauxite, diamonds, uranium and industrial minerals. On Thursday it was reported RIO was dropping its connection to Russian businesses. In this daily bar chart of RIO, below, we can see that prices gapped down below the 200-day and the 50-day averages.
If you own shares in Nio (NYSE: NIO), you might want to make volatility your friend. Nio stock sank by double-digit percentages this morning, a day after it jumped double-digits. With today's sharp drop, Nio has now crashed a staggering 34% in just the past month, as of this writing.
The young electric vehicle manufacturer wants to meet demand, while rivals Tesla, Ford and GM are watching for any missteps.
Bank of America Head of the Research Investment Committee Jared Woodard sits down with Yahoo Finance Live to talk about Amazon's announced 20-for-1 stock split and buyback program, and how tech companies implement these splits to their stock.
These companies are expected to produce rapid growth for sales and earnings, and have high dividend yields well-covered by cash flow.
Russia is facing effective bankruptcy as soon as Wednesday after the World Bank warned that crippling sanctions have left the Kremlin “mighty close” to a default on its foreign debts.
Sometimes we can see more about the future of a young company based on what insiders do instead of what they say. That is why we will go through the ownership structure of SoFi Technologies ( NASDAQ:SOFI ), and see which insiders are serious about the long-term future of the company.
(Bloomberg) -- Chinese tech shares slid, tracking overnight weakness in their U.S. peers, as renewed regulatory concerns unnerved investors still reeling from wild price swings this week.Most Read from BloombergRussia Devises Plan to Seize Firms Abandoned in Foreigner ExodusUkraine Update: Russia Targeting Airfields in Western UkraineUkraine Open to Russia's Neutrality Demand But Won’t Yield Territory, Aide SaysU.S. Slams China for Pushing Russia’s ‘Preposterous’ Lab TheoryChina Warns U.S. Over
This steel company has transformed itself over the past few years in ways that have been great for investors. But can the good times last?
It was the second quarter in a row that forecasts by the digital-signature company have fallen short of Street estimates and spurred a selloff in the stock.
If there's anything that gets our hackles up, it's stopping at the local gas station to fill up our tanks and seeing gas prices at a cringeworthy new high. Today's national average gas price is $4.25 per gallon according to AAA.
Rivian Automotive Inc. stock fell more than 12% late Thursday after the electric-vehicle maker posted a larger-than-expected quarterly loss and said that supply-chain snags and other problems persist.
Oracle's disappointing earnings report is driving the stock down while Ulta is up after its earnings beat.
After a stunning double-digit rally in its shares yesterday, Nio (NYSE: NIO) is swiftly giving up all of those gains and more today. March 10 will go down in Nio's history as an important day: The company's shares started to trade on the Hong Kong stock exchange. Nio decided to list in Hong Kong after regulatory pressure on foreign stocks in the U.S. intensified, with the Securities and Exchange Commission's recent rule allowing the delisting of foreign stocks in the U.S. if the companies fail to meet audit requirements.
(Bloomberg) -- Wall Street’s embrace of Rivian Automotive Inc., last year’s electric-vehicle startup darling, is waning already as the company has lost about $117 billion in market value in just four months. Most Read from BloombergRussia Devises Plan to Seize Firms Abandoned in Foreigner ExodusUkraine Update: Zelenskiy Says 40,000 Evacuated, Attacks PersistUkraine Open to Russia's Neutrality Demand But Won’t Yield Territory, Aide SaysChina Warns U.S. Over Forming Pacific NATO, Backing TaiwanU.S
Arguing yes is Mark Newton, head of technical strategy at Fundstrat, who notes that while huge rallies are normally to be expected within big downtrends, this move was accompanied by a nearly 5-to-1 breadth. Newton says there isn’t evidence of true capitulation, but the recent negative retail sentiment has helped drive a near-term bottom. By contrast, Dhaval Joshi of BCA Research says stocks may fall further in the short-term.