Alumina Trihydrate (ATH) Flame Retardant Market size is forecast to reach $ 836.20 Million by 2025, after growing at a CAGR of 4.52% during 2020-2025. The growth of the global Alumina Trihydrate (ATH) Flame Retardant Market is due to fast growing construction sector and ever increasing electronics industry. The consumption of ATH flame retardants in American region is high and clearly seen the growth, because the availability of low-priced raw materials and comparatively less labor cost. Presence of major manufacturing firms in the electrical and electronic industry is estimated to positively affect the market owing to the increasing product launches by the companies.
- ATH flame retardant is the most widely used inorganic flame retardant because of its low cost and nontoxic properties. Apart from this, it can also be easily integrate into plastics. The production of ATH flame retardants at global level is expanding rapidly because of the government regulations that had been laid to prohibit halogenated flame retardants. Which in turn gave an opportunity for the ATH flame retardant market to grow.
- Owing to the relatively low entry barriers and simple technology, the market is competitive with a few major players, of various sizes and highly consolidated across the value chain. An increasing use of plastics in various sectors such as electrical, electronic and construction industries will drive the ATH flame retardant market.
- With the growing demand for accommodating increasing population the government across the region has invested in building houses using proper flame-retardant materials in order to avoid increasing fire accidents. Recent temporary lockdown imposed by government regulations for respective countries due to COVID-19 pandemic has impacted the economic growth as well as industrial activities. Thus, Alumina Trihydrate (ATH) Flame Retardant can be incorporated and the growth of this market in 2020 can be limit.
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Drivers – Alumina Trihydrate (ATH) Flame Retardant Market
- ATH flame retardants consumption in thermoplastics such as Polyvinylchloride (PVC) and Polyethylene is rapidly increasing than any other flame retardants
Major players in the Alumina Trihydrate (ATH) Flame Retardant Market are TOR Minerals, Huber Engineered Materials, The R.J. Marshall Company, Almatis GmbH, Showa Denko K.K., Ashland Global Holdings Inc., Nabaltec AG, Israel Chemicals Ltd., Jinan TaiXing Fine Chemical Co., Ltd, Hubron Speciality Ltd., and among other.
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