The Global Alumina Trihydrate Market report gives a holistic view of the prevalent trends in the industry, market valuation, and the leading vendors to help the readers assess the products and services, hence realizing their revenue generation goals and cost-effectiveness of their investment. The recent trends observed in the packaging industry include sustainable material, environmentally-friendly packaging, smart packaging, vintage packaging designs, and minimalist packaging.
The study gives accurate industry insights into the future of the global Alumina Trihydrate market will help the reader comprehend the dominant and future aspects of the industry, while also helping readers strategize their executive moves for your business. The sector revolving around fit-to-product (FTP) packaging promises to disrupt the market in the forecast years. RFID technology and smart packaging will be a necessity in the following years for streamlining the process right from packaging to delivery and making tracking packages simpler. Gamification is one of the key strategies adopted by leading companies to advertise and appeal to a wider audience, especially for tech-savvy consumers.
The global Alumina Trihydrate Market was valued at USD 1.54 Billion in 2018 and is expected to reach USD 2.36 Billion by year 2026, at a CAGR of 5.6%. Alumina Trihydrate Market is driven by the increase demand for flame retardant material, increase in usage of ATH in paint and coating industries. Government regulations for the safety of people creates the demand for the flame retardant material. Properties of alumina trihydrate such as flame retardant, amphoteric, Antacid makes it popular for industries like Electrical, Pharmaceutical, Building and construction, Plastic, Automotive, paints and coating and other. Alumina trihydrate is also known as aluminum hydroxide. It is a non- abrasive powder which is obtain from bauxite using Bayer process.
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Key Players Profiled in the Report Include:
- Southern Ionics Incorporated,
- Jinan Chenxu Chemical Co. Ltd.,
- KC Corporation, Hayashi Kasei Co., Ltd,
- Dadco Group,
- Alumina Chemicals & Castables,
- Spectrum Chemical Mfg. Corp,
- Albemarle Corporation,
- Huber Engineered Materials,
- Sumitomo Chemical Company, Limited,
- SCR – Sibelco NV,
- The R.J. Marshall Company
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The Alumina Trihydrate market Share is segmented on the basis of product types and applications offered by the market to impart an easy understanding of the Alumina Trihydrate market operations and covers:
By Product Type:
- Ground ATH
- Double Precipitated ATH
By Application:
- Flame Retardant
- Filler
- Antacid
- Others
Regional Perspective:
The global Alumina Trihydrate market Size has been categorized into several significant regions, such as North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. This section of the report analyzes the presence of the global Alumina Trihydrate market across the major regions. It determines the market share, market size, revenue contribution, sales network and distribution channel, and other key elements of each regional segment.
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Key market trends:
The increasing prevalence of biodegradable plastics promises to be a popular trend dominating the industry in the forecast years. The growing environmental awareness and the stringent government-imposed regulations for governing the consumption of plastics are pushing the overall industry towards the use of biodegradable packaging.
Another major packaging market trend that is speedily gaining momentum is the introduction of innovative lightweight glass packaging aimed at improving end-user usability and waste reduction. These packaging designs offer recyclability, easy transportability, and cost-effectiveness, which has urged manufacturers to produce water-resistant and eco-friendly corrugated box packaging solutions.
Another significant packaging market trend quickly gaining momentum is the development of new lightweight glass packaging to improve end-user usability and reduce wastage. These packaging designs are recyclable, economical, and easy-to-transport, urging manufacturers to produce water-resistant, eco-friendly, and smart corrugated packaging technology.
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