Global ATH Flame Retardant Market: Overview
Flame retardants are the components which restricts and prevents the spread of fire. Flame retardants can be of halogenated type and non-halogenated types. ATH called as alumina trihydrate is a non-halogenated type of flame retardant. ATH undergoes endothermic decomposition and functions as a flame retardant by liberating its high water content. This process cools the product and delays its ignition. ATH is widely used in thermoplastics such as poly vinyl chloride (PVC), the most used material in electrical applications. The ATH flame retardants are available in ground, precipitated types. Also, the flame retardants are surface treated for specific high performance applications.The wires and cables is an important sector in consumption of ATH flame retardant followed by building and construction. Also, reinforced composites in automobile body sections, foam seats are an attractive growth area for ATH flame retardant market. The global ATH flame retardant market is anticipated to show significant growth in terms of consumption over the forecast period owing to the strict industrial regulations and standards.
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Global ATH Flame Retardant Market: Drivers and Restraints:
The ATH flame retardant market is primarily driven by the increasing adoption of plastic material. Flame retardants are widely used for variety of products from carpets to the building materials. Besides, use of flammable products drives the global ATH flame retardants market. Also, ATH flame retardant is a cost effective compared to the other non-halogenated type of flame retardants and thus further gives an advantage for expansion. The regulations such as RoHS (Restriction of Hazardous Substances), WEEE (Waste Electrical and Electronic Equipment), and REACH further boosts the consumption of global ATH flame retardant market.
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Global ATH Flame Retardant Market: Region Wise Outlook
The global ATH Flame retardant market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). APAC holds major share in the global ATH Flame retardant materials. This is attributed by growing end use industries in countries such as China, India, Indonesia, South Korea, Taiwan, and Vietnam. North America and Europe followed by Japan are expected to grow moderately during the forecast period since the markets in these regions are matured. The ATH film retardant market in MEA and Latin America are expected to show above average growth during the forecast period.
Global ATH flame retardant market: Key Players
Some of the key players identified in the global ATH Flame retardant market includes:
- JM Huber
- Albemarle Corporation
- Almatis
- Alcoa World Alumina Minerals
- Sumitomo Chemicals
- Magyar Aluminium
- Nabaltec
- Chalco Aluminium Corp of China
- TOR Minerals Europe
- Alteo
Americas held the largest market share in the Alumina Trihyderate Flame Retardant Market:Americas region holds the largest market share and growth in the ATH Flame Retardant Market, and is anticipated to reach $254.8 million by 2023 at a CAGR of 3.32%.
However, APAC is projected to witness the highest growth during the forecast period, and is expected to reach $190 million by 2023 at a CAGR of 5.46%.
The transportation sector was a major consumer of flame retardants in the U.S., and the market for ATH Flame Retardant is poised to reach $77.18 million by 2021.To access / purchase the full report browse the link belowhttps://industryarc.com/Report/17905/alumina-trihydrate-ath-flame-retardants-market.htmlAlumina Trihyderate Flame Retardant Analysis done in the full report:• Electrical and electronics continue to be the main sector for the application of ATH flame retardants.• As majority of the global shares are controlled by three players alone, the market is highly consolidated with a high degree of competition among the players.• The established players are foraying into new sectors, with the hope to increase the revenues generated by the flame retardant businesses.
The increasing M activities are a direct indication for the same.• The growing concerns over the use of halogenated fire retardants has forced the companies to invest in ATH flame retardants which are safer for the environment.
Global automotive leaders such as Fiat, General Motors, Volkswagen, Audi, Renault, and Ford have their manufacturing plants in Brazil.
Government initiatives for FDI and growing automotive consumption are the drivers for the Brazilian dispensing market.• Countries like Russia and Turkey are actively partnering with private companies to invest in the development of infrastructure which drives the use of high quality ATH Flame Retardants.• In addition, growing emphasis on renewable energy facilities also drives the use of ATH Flame Retardants.
Analysis of the Global Flame Retardant Coating Additives MarketA new study published by Fact.MR on the global Aerospace Flame Retardant Coating Additives market includes a global analysis and opportunity assessment for the period 2019-2029.
The report offers a comprehensive assessment of the key market dynamics in detail.
The analysts take into account the historic as well as the current growth parameters to project the growth of the Flame Retardant Coating Additives market with maximum accuracy.Flame retardant coating additives market is poised to surpass US$ 200 Mn by 2020.
Flame retardant coating additives act as key ingredients for manufacturing coating based flame retardants and are also used for enhancing the retardancy of the flame.
The report provides a Y-o-Y growth trend analysis and the current and future market volume projections (Units) for the assessment period.
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