The Alumina Trihydrate Flame Retardant Market size is estimated to reach US$332.8 million by 2027, after growing at a CAGR of 6.1% during the forecast period 2022-2027. The use of the Alumina Trihydrate
Flame Retardant Market in electrical & electronics has increased
significantly. Alumina Trihydrate (ATH) Flame Retardant is used in a variety of
electronics applications, including conductive tracks, circuit electrodes,
screens and others. The growing electrical and electronics sector is driving the
market and offering major growth opportunities in the Alumina Trihydrate
Flame Retardant industry. According to the India Brand Equity Foundation (IBEF),
the electronics manufacturing industry in India is projected to reach US$520
billion by the year 2025.
APAC Alumina Trihydrate Flame Retardant Market: Leading Segment is the Electrical & Electronics Market
On the basis of the end-use industry, the Alumina Trihydrate Flame Retardant market can be segmented into transportation, electrical & electronics and others. The Alumina Trihydrate Flame Retardant market’s leading segment has been evaluated to be electrical & electronics. During the forecast period 2022-2027, the electrical & electronics segment is expected to grow with a CAGR of 5.6%. Flame retardants are treated materials in electronics and electrical devices such as computers, laptops, phones, televisions, household appliances, and wires and cables to prevent fires from starting, limit the spread of fires, and minimize fire damage. The growing use of electrical and electronic products is propelling the market. Consumer demand for electronics products is expected to rise as the population grows, and as a result, APAC Alumina Trihydrate Flame Retardant products are seeing emerging growth in the segment.
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APAC Alumina Trihydrate Flame Retardant Market: Leading Region in China
On the basis of geography, the APAC Alumina Trihydrate Flame Retardant market can be segmented into India, China, Japan, Australia, South Korea, New Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC. According to IndustryARC’s analysis, China has emerged as the most profitable region in the market. In 2022, the China region held a 47.1% share of the total revenue earned by the market globally. 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. APAC countries including India and China are ahead comparatively in terms of consumer electronics products in the Asia-Pacific region. The APAC Alumina Trihydrate Flame Retardant market will also gain demand from India. Japan is emerging as a competitive country in the APAC Alumina Trihydrate Flame Retardant market.
APAC Alumina Trihydrate Flame Retardant Market: Competitive Landscape
Key companies holding major shares in the sorbitol market are Nabaltec, Albemarleoration, Huber Engineered Materials, TOR Minerals, Almatis, Shandong Chuanjun Chemical, R.J. Marshall, Safic-Alcan UK, Niknam Chemicals Private, Akrochem Corporation.