ATH flame retardant market is anticipated to see an upsurge during the forecast period 2017-2021 and is expected to grow at a CAGR of 4.18% for the same period.According to the market research report, “Alumina Trihydrate (ATH) Flame Retardants Market: By End Users (Electrical and Electronics, Building and Construction, Adhesives, Sealants & Coatings, Textiles, Transportation and Furnishings); By Application (Fillers and Additives) & Geography -Forecast (2017-2021)” published by IndustryARC, estimates the market to reach $635.72 m by 2021.
Browse 7 Market Tables, 118 Figures spread through 162 slides and an in-depth TOC on “Alumina Trihydrate (ATH) Flame Retardants Market (2017 – 2021)”
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Flame retardants are chemicals that are being added to combustible materials to make them more resistant to ignition. Being inert and having low absorptivity towards oil, it is sometimes surface treated to make it hydrophobic. Apart from being a flame retardant, it is replacing titanium di-oxide because of its high brightness without color darkening. Moreover inorganic retardants such as alumina tri-hydrate (ATH) are used more commonly to achieve flame resistance in fiber reinforced polymer (FRP).
Due to fast growing construction sector and ever increasing electronics industry, the consumption of ATH flame retardants in APAC is high as compared to American region as is clearly seen from the graph. But, the global share of revenue generated from APAC is less than Americas due to the availability of low priced raw materials and comparatively less labor cost. In transport sector, broad ranges of ATH fire retardant solutions are used due to their efficiency. In automobiles, ATH flame retardant plastics are used under the bonnet and in the passenger compartments. Moreover, the rise in usage of mass transportation globally has led to the increase in safety concern of passengers and vehicles where in ATH flame retardants are being used as coatings for steels and paints being used in automobiles industry.
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The global ATH flame retardant market is estimated to grow at a CAGR of over 3.69% during the forecasted period and will reach $635.72 million in 2021. The ATH flame retardant market is classified on the basis of applications, end-use industry and geographical regions. ATH flame retardants have a versatile set of applications and are used as fillers and additives in various major sectors such as electrical and electronics, construction, transportation and many more. The market has also been analyzed based on geographic locations comprising of Americas, Europe, Asia-Pacific and Rest of the World. These regions are further sub-segmented into major countries providing deep analysis of the ATH flame retardant market.
The market has been segmented into Americas, Asia-Pacific, Europe and Rest of the World (RoW) on basis of geography. In the Asia-Pacific region, China and India are the frontrunners for the ATH flame retardant market. In the Americas, USA, Brazil and Canada are the frontrunners for the ATH flame retardant market. The U.S. is a major market for ATH flame retardant in Americas and is followed by Brazil and Canada. Germany, U.K and France are the key countries in the European region for halogen free flame retardants such as ATH because of stringent norms and regulations for halogenated flame retardant compounds in European region.
The Prominent Players in ATH Flame Retardant Market Include
- Israel Chemicals Ltd.
- Huber Engineered Materials
- Albemarle Corporation
Israel Chemicals Ltd., Huber Engineered Materials and Albemarle Corporation are key players of the ATH flame retardant market in 2016 with a combined share of 57%. With various product launches, mergers, acquisitions, collaborations and other strategies, the key players are focused on increasing market shares in the industry.
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