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    Alumina Trihydrate Market | Covid-19 Impact Analysis

    Alumina Trihydrate Market | Covid-19 Impact Analysis

    Alumina Trihydrate Market | Covid-19 Impact Analysis
    Report code - SRAM343 Delivery - 2 Weeks
    Alumina Trihydrate Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Alumina Trihydrate Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Alumina Trihydrate Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Alumina Trihydrate Market Insights

    Alumina trihydrate market is likely to witness an impressive CAGR of 5.8% during the forecast period. The growing demand for alumina trihydrate is mainly due to its increasing usage as a flame retardant or filler from the building & construction, plastics, paints & coatings and other end-use industries and increasing regulations concerning fire safety, which in turn, is driving the market during the forecast period.

    Alumina Trihydrate Market - Snapshot

    Growth

    5.8% for the next five years

    Major Application Type

    Flame Retardant

    Dominant End-Use Industry Type

    Plastic

    Region with the highest demand

    Asia-Pacific

    Key Players

    Albemarle Corporation, Huber Engineered Materials, Nabaltec AG,

    and, LKAB Minerals AB.

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    Market Share Analysis

    Alumina Trihydrate Market Share: By Application Type

    Based on the application type, the market is segmented as flame retardant, filler, antacid, and others. The flame-retardant segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period due to stringent regulations of flame retardancy across many countries in building & construction, plastics, and many other industries.

    Alumina Trihydrate Market Share: By End-Use Industry Type

    Based on the end-use industry type, the market is segmented as plastics, building & construction, paints & coatings, pharmaceuticals, glass, rubber, others. The plastics segment dominated the alumina trihydrate market in 2019, and is likely to maintain its dominance during the forecast period. The growth of the segment is owing to the properties of Alumina trihydrate, which is known to be very effective for flame retardant and filler applications. The need for fire safety is also a major factor contributing to the demand for plastics.

    Alumina Trihydrate Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest-growing market for alumina trihydrate during the forecast period. The growth of the market is on account of enormous opportunities that are available in the region. Growing application of flame retardants in various end-use industries, such as building & construction and plastics is also a major factor driving the market, globally.

    Some of the major alumina trihydrate manufacturers are- 

    • Albemarle Corporation
    • Huber Engineered Materials
    • Nabaltec AG
    • LKAB Minerals AB

     

    Market Scope & Segmentation

    Alumina trihydrate is a powdery, odorless, white, solid substance. With its role as a non-halogen flame retardant and smoke suppressant, it is also used as an antacid that can be ingested in order to buffer the pH within the stomach.

    Alumina trihydrate can be used for different applications, such as flame retardant, filler, antacid, and others, which are used in various end-use industry such as plastics, building & construction, paints & coatings, pharmaceuticals, glass, rubber, others.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Alumina Trihydrate Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The alumina trihydrate market is segmented into the following categories. 

    Alumina Trihydrate Market Size, Share, & Forecast, by Application Type:

    • Flame Retardant (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Filler (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Antacid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Alumina Trihydrate Market Size, Share, & Forecast, by End-Use Industry Type:

    • Plastics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Paints & Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pharmaceuticals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glass (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Alumina Trihydrate Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the application types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Alumina Trihydrate Market in the foreseeable future?

    Driven by factors like increasing usage as a flame retardant or filler, the alumina trihydrate market is expected to witness an impressive growth of 5.8% CAGR in the foreseeable future.

    Which type of application is expected to remain dominant in the Alumina Trihydrate Market?

    The flame-retardant segment is expected to remain the most dominant application in the alumina trihydrate market in the coming years.

    Which country/region is expected to remain the largest growing Alumina Trihydrate Market?

    Asia-Pacific is expected to remain the largest-growing market for alumina trihydrates during the next five years.

    Who are the key players in the Alumina Trihydrate Market?

    Albemarle Corporation, Huber Engineered Materials, Nabaltec AG, and, LKAB Minerals AB are among the key players in the alumina trihydrate market.

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