What are Flame Retardants?
Flame retardants are substances/ chemicals that are used to prevent fires from starting or to slow the spread of fire. Flame retardants have the ability to hamper the igniting power of materials used in many consumer and industrial products. Alumina trihydrate (ATH) is the most widely used flame retardants as it is non-halogen flame retardant and smoke-suppressant. ATH is environmental friendly as it does not emit toxic smoke when burned.
What are the major applications of Alumina Trihydrate (ATH) Flame Retardant?
ATH is utilized as flame retardant in wide range of end user industries such as electronics, wires and cable, building and construction, furnishings, and many more. ATH is mainly used as a filler in different polymer systems such as epoxy resins, polyester resins, PVC, polyurethane, and so on. . ATH is often associated with its role as a non-halogen flame retardant and smoke suppressant, and thus is the largest selling fire retardant additive in the world. ATH flame retardant additives can be used to provide flame resistance for a variety of plastic resins such as Polypropylene, Polyethylene, TPE, TPU, TPV, and others.
Market Research and Market Trends of NAFTA ATH Flame Retardant Market:
Fillers application is estimated to dominate the NAFTA ATH flame retardant market with a share of around 57%, thus crediting a value of $64.80 billion in 2020. The market is forecast to witness a growth of nearly 4.06% projecting to around $81.73 billion by 2025.
As per recent analysis, the NAFTA ATH flame retardant market is forecast to surpass $141.63 million by 2025 majorly driven by growing consumption in thermoplastics such as Polyvinylchloride (PVC) and Polyethylene (PE) and stringent government regulations to prohibit the halogenated flame retardants.
J.M. Hurber Corporation has announced 20% capacity expansion of fire retardant additives (FRA) business at its manufacturing plant in Bauxite, Arkansas (U.S).
Nabaltec AG has acquired the 49% membership interest in the US subsidiary Nashtec LLC a joint venture of Allied Alumina LLC, an affiliate of Sherwin Alumina Company LLC.
Who are the Major Players in NAFTA ATH Flame Retardants market?
The companies referred in the market research report includes J.M. Huber Corporation, Nabaltec AG, Lanxess AG, TOR Minerals, Aluchem, and The R.J. Marshall Company.
What is our report scope?
The report gives in-depth analysis of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics and its impact during the forecast period 2020-2025.
Key Takeaways from this Report
- Evaluate market potential through analyzing growth rates (CAGR %), volume (units) and value ($m). Country level data is provided based on – product types, end use applications and by different industry verticals.
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