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APAC Alumina Trihydrate Flame Retardant Market - Forecast(2023 - 2028)
APAC Alumina Trihydrate Flame Retardant Market Overview
The APAC Alumina Trihydrate Flame Retardant Market size is estimated to reach more than US$332.8 million
by 2027, after growing at a CAGR of 6.1% during the forecast period 2022-2027.
Aluminum trihydrate (ATH), also known as Aluminium trihydroxide (ATH), is a
white crystalline solid made up of three water molecules bound to each
aluminum molecule. The market is expanding due to increased demand for flame
retardant products from major end-use industries such as construction, automotive,
and textile. For instance, according to the Indian Brand Equity Foundation, the
Indian aerospace and defense (A&D) sector is expected to grow to US$ 70
billion by 2030. Moreover, rising residential construction spending, higher
living standards, and rising per capita disposable income is propelling Alumina
Trihydrate (ATH) Flame Retardant expansion. The covid-19 pandemic majorly
impacted the Alumina Trihydrate (ATH) Flame Retardant market due
to restricted production, supply chain disruption, logistics restrictions and a
fall in demand. However, with robust growth and flourishing applications across
major industries, the APAC Alumina Trihydrate Flame Retardant industry is
anticipated to grow rapidly during the forecast period.
APAC Alumina Trihydrate Flame Retardant Market Report Coverage
The “APAC Alumina Trihydrate Flame Retardant Market Report – Forecast (2022-2027)” by
IndustryARC, covers an in-depth analysis of the following segments in the
APAC Alumina Trihydrate (ATH) Flame Retardant industry.
Key Takeaways
- China dominates the APAC Alumina Trihydrate (ATH) Flame Retardant market size. The increase in demand from applications such as polyurethane, polyester epoxy and others, is the main factor driving the region's growth.
- One of the primary factors contributing to the APAC Alumina Trihydrate (ATH) Flame Retardant market's favorable outlook is significant growth in the global automotive industry.
- Rising adoption of engineering plastic in various industries such as automotive, construction, and electronics is also driving APAC Alumina Trihydrate (ATH) Flame Retardant industry growth.
- However, less suitable for high temperatures are limiting the bio-pet market growth.
Figure: APAC Alumina Trihydrate Flame Retardant Market Revenue Share by Geography, 2021 (%)
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APAC Alumina Trihydrate Flame Retardant Segment Analysis – by Application
The Rubber & Latex held a significant
share in the APAC Alumina Trihydrate (ATH) Flame Retardant market share in 2021
and is projected to grow at a CAGR of 5.2% during the forecast period
2022-2027. Due to their unique load/deflection characteristics and
"traditional" appeal, latex foams are regarded by many users as being
more desirable and rubbers suitable for railroad vehicles with high flame
resistance requirements. Rubber & latex is widely used in various end-use
industries. With
the rise in the demand for Alumina Trihydrate (ATH) Flame Retardant
across the APAC, the demand for APAC Alumina Trihydrate (ATH) Flame
Retardant is
anticipated to rise for various applications, which is projected to boost the
market.
APAC Alumina Trihydrate Flame Retardant Segment Analysis – by End-use Industry
The Electrical & Electronics held
a significant share in the APAC Alumina Trihydrate (ATH) Flame Retardant market
share in 2021 and is projected to grow at a CAGR of 5.6% during the forecast
period 2022-2027. Flame retardants are critical to the overall safety and
performance of electronics. Alumina Trihydrate (ATH) Flame Retardant is used in
a variety of electronics applications, including conductive tracks, circuit electrodes,
screens and others, thereby driving APAC Alumina Trihydrate (ATH) Flame
Retardant in the electrical & electronics industry. According to the Japan Electronics
and Information Technology Industries Association, computer and information
terminal manufacturing in Japan was worth 1,041,122 million yen in 2017 and
1,251,283 million yen in 2019. With the increasing growth in electronics
production, the demand for Alumina Trihydrate (ATH) Flame Retardant for applications
PVC, polyester epoxy, polyurethane and others is growing. The growing
electrical and electronics sector is driving the market and offering major
growth opportunities in the APAC Alumina Trihydrate (ATH) Flame
Retardant industry.
APAC Alumina Trihydrate Flame Retardant Segment Analysis – by Geography
China held the largest share in the APAC Alumina Trihydrate (ATH) Flame Retardant market share in 2021 up to 47.1%. The fueling demand and growth of Alumina Trihydrate (ATH) Flame Retardant in India is influenced by flourishing demand from major industries such as electrical & electronics, automotive and others, along with fueling manufacturing activities across APAC. According to the People’s Republic of China, in 2021, the electronics industry grew by 15.7 percent, an increase of 8 percentage points yearly. According to the Ministry of Industry and Information Technology. In the first seven months of 2022, the electronics manufacturing industry experienced rapid investment growth, with fixed-asset investment increasing 18.6 percent year on year. With the increasing electrical & electronics industry, it is anticipated that the demand for the Alumina Trihydrate (ATH) Flame Retardant market will eventually expand in APAC. Thus, the growth of the APAC Alumina Trihydrate (ATH) Flame Retardant market in the region is being aided by the increasing electrical & electronics sector in APAC, thereby dominating the market in the Asia-Pacific region.
APAC Alumina Trihydrate Flame Retardant Market Drivers
Bolstering Growth of the Transportation Industry:
Alumina Trihydrate (ATH) or Aluminium trihydroxide
(ATH) is primarily used in automobiles as a flame retardant due to its
adaptability and low price. The
automotive sector is rapidly growing due to factors such as the high demand for
passenger vehicles among the middle class, urbanization and flourishing growth
in fuel-efficient vehicle technologies. According to the India Energy Storage
Alliance, the EV market in India is expected to increase at a CAGR of 36% until
2026. According to India Brand Equity Foundation, in 2021, the Indian passenger
car market was valued at US$ 32.70 billion and it is expected to grow to US$
54.84 billion by 2027. With the increase in automotive vehicle production and
growth prospects, the demand for Alumina Trihydrate (ATH) Flame
Retardant is rising
for various applications. Thus, with flourishing demand in automotive such as PVC,
polyester epoxy, polyurethane and others, APAC Alumina
Trihydrate (ATH) Flame Retardant is driving
and growing rapidly.
Rising Demand from Construction Industry:
Alumina Trihydrate (ATH) Flame Retardant is
widely used in the building & construction industry. In the building &
construction industry, aluminum trihydroxide (ATH) is used as a basic raw
material for the manufacture of solid surfaces due to its good chemical
resistance and physical properties, thereby driving the APAC Alumina Trihydrate
(ATH) Flame Retardant market. The Make
in India campaign by the Government of India plans to achieve infrastructural
investment worth US$965.5 million by the year 2040. According to the Department for Promotion of
Industry and Internal Trade, In India, between April 2000 and December 2021, foreign direct investment in the
construction development and construction activity sectors totaled US$ 26.17
billion and US$ 26.30 billion, respectively. Infrastructure operations
accounted for 13% of overall FDI inflows of US$ 81.72 billion in fiscal year
21. With the
increase in construction production and growth prospects, the demand for
Alumina Trihydrate (ATH) Flame Retardant is rising
for applications. Thus, with flourishing demand in construction, APAC Alumina
Trihydrate (ATH) Flame Retardant is driving
and growing rapidly.
APAC Alumina Trihydrate Flame Retardant Market Challenge
Less Suitable for High-Temperature:
Less Suitable for
High-Temperature is anticipated to restrain the market's expansion on a global
scale. Alumina trihydrate is less suitable for high-temperature applications
because it decomposes rapidly when temperatures exceed 200°C. This factor is
expected to limit its use in applications involving high-temperature materials.
Furthermore, the availability of Alumina trihydrate or aluminum trihydroxide
(ATH) substitutes such as zinc hydroxystannate (ZHS), zinc stannate, and
magnesium hydroxide, which are used as flame retardants due to their excellent
flame retardancy and smoke suppression properties, is expected to impede the
market growth of alumina trihydrate. Furthermore, alumina trihydrate is becoming
more popular as adhesives from the paint and coating industries are expected to
stifle the market growth of alumina trihydrate. Thus, these are some of the key
obstacles to the APAC Alumina Trihydrate (ATH) Flame Retardant market.
APAC Alumina Trihydrate Flame Retardant Industry Outlook
Technology launches, acquisitions
and R&D activities are key strategies adopted by players in the APAC
Alumina Trihydrate (ATH) Flame Retardant market. The top 10 companies in the APAC Alumina Trihydrate Flame Retardant Market are:
- Nabaltec
- Albemarleoration
- Huber Engineered Materials
- TOR Minerals
- Almatis
- Shandong Chuanjun Chemical
- R.J. Marshall
- SAFIC-ALCAN UK
- Niknam Chemicals Private
- Akrochem Corporation
Relevant Reports
Report Code: CMR 1197
Report Code: CMR 1014
Report Code: CMR 56637
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