New York, NY, Feb. 01, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Super Fine Aluminum Trihydroxide Market By Method of Preparation (Mechanical Method and Chemical Method) and By End-User (Electronic Industry, Rubber Industry, Chemical Industry, Plastic Industry, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025” .
“According to the research study, the global Super Fine Aluminum Trihydroxide Market was estimated at USD 520 Million in 2018 and is expected to reach USD 563 Million by 2025. The global Super Fine Aluminum Trihydroxide Market is expected to grow at a compound annual growth rate (CAGR) of 1.1 % from 2019 to 2025”.
Aluminum trihydroxide is also referred to as aluminum hydroxide and it is available in non-abrasive powdered form. Aluminum trihydroxide is also detected in the natural form of the mineral gibbsite. Moreover, the superfine aluminum trihydroxide finds large-scale application as a flame retardant in the rubber as well as the plastic industries. The compound is also used in wastewater treatment and water purification processes. Apart from this, super fine aluminum trihydroxide is also utilized as a raw material in chemical & glass manufacturing sectors and is used massive during the production of cables, wires, and electronic equipment.
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- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
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- 190+ Pages Research Report (Inclusion of Updated Research)
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- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of table & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
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Key Questions Answered in this Report
1) What was the impact of COVID-19 on the Super Fine Aluminum Trihydroxide Market?
2) What is the market size, share of the Super Fine Aluminum Trihydroxide Market?
3) Who are the top market players in Super Fine Aluminum Trihydroxide Market?
4) What will be the future market of the Super Fine Aluminum Trihydroxide Market?
- Market Size & Forecast by Revenue | 2020−2027
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Burgeoning need for flame-retarding plastics to drive the market trends
The growth of the market during the forecast timeline is owing to the huge demand for flame retarding plastic materials across various industries. Moreover, the product is an outstanding smoke suppressant and hence used as a flame retardant. Additionally, the introduction of stringent protocols & guidelines for safety in myriad end-use sectors will steer the super fine aluminum trihydroxide demand over the forecast period.
Furthermore, product affordability is projected to steer the surge in the market growth over the period from 2019 to 2025. Due to its cost-effectiveness, it is widely used in the rubber, chemical, and electronics industries. Moreover, its low costs have made it popular as an insulator, flame retarding product, and filler in wires or cables and in rubber & plastic sectors. However, the low level of awareness pertaining to advantages derived through the use of the product will hamper the business growth over the forecast timeline. Nevertheless, the extensive use of the product in the chemical sector as filler and binder will generate lucrative growth avenues for the market over the forecast period.
Top Market Players
Some of the key participants in the business include Albemarle, Almatis, CHALCO Shandong Advanced Material, Huber, KCC, Shandong Aluminum, and Showa Denko.
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Mechanical Method to lead the method of preparation segment by 2025
The growth of the segment during the period from 2019 to 2025 is attributed to its extensive utilization in producing chemicals. Apart from this, it also does not alter the chemical configuration of the compound and can be easily handled.
Chemical industry segment to record highest CAGR over the forecast timeline
The segment is set to register the highest growth rate of over 1.2% over the forecast period. The segmental growth is credited to the massive application of superfine aluminum trihydroxide in the chemical industry such as the development of many types of aluminum compounds used in treating wastewater and purifying water to make it potable for drinking purposes.
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The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product & service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the Super Fine Aluminum Trihydroxide market by segmenting the market based on method of preparation, end-user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025.
The product affordability is projected to steer the surge in the market growth over the period from 2019 to 2025. Due to its cost-effectiveness, it is widely used in the rubber, chemical, and electronics industries. Moreover, its low costs have made it popular as an insulator, flame retarding product, and filler in wires or cables and in rubber & plastic sectors. However, the low level of awareness pertaining to advantages derived through the use of the product will hamper the business growth over the forecast timeline. Nevertheless, the extensive use of the product in the chemical sector as filler and binder will generate lucrative growth avenues for the market over the forecast period.
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Asia Pacific to dominate the overall market growth by 2025
The regional market growth during the forecast timespan is attributed to countries like China being the largest manufacturer and end-user of the product. In addition to this, countries like India and Japan are likely to contribute lucratively towards the regional market revenue growth over the forecast timeline. Moreover, global firms are also investing in countries like China to expand their base in the chemical business across the Asia Pacific region.
Browse the full “Super Fine Aluminum Trihydroxide Market By Method of Preparation (Mechanical Method and Chemical Method) and By End-User (Electronic Industry, Rubber Industry, Chemical Industry, Plastic Industry, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025″ report at https://www.fnfresearch.com/super-fine-aluminum-trihydroxide-market-by-method-of-299
Key Features of Super Fine Aluminum Trihydroxide Market Report:
- Super Fine Aluminum Trihydroxide Market structure: Overview, industry life cycle analysis, supply chain analysis
- Super Fine Aluminum Trihydroxide Market: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Super Fine Aluminum Trihydroxide Market size, trend, and forecast analysis
- Super Fine Aluminum Trihydroxide Market segments’ trend and forecast
- Super Fine Aluminum Trihydroxide Market’s competitive landscapes: Market share, Product portfolio, New product launches, etc.
- Super Fine Aluminum Trihydroxide Market attractiveness and associated growth opportunities
- Emerging Trends in the Super Fine Aluminum Trihydroxide Market.
- Strategic growth opportunities for the existing and new players
- Key success factors
This report segments the Super Fine Aluminum Trihydroxide market as follows:
Super Fine Aluminum Trihydroxide Market : By Method of Preparation Analysis
- Mechanical Method
- Chemical Method
Super Fine Aluminum Trihydroxide Market: By End-User Analysis
- Electronic Industry
- Rubber Industry
- Chemical Industry
- Plastic Industry
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