Global ATH Flame Retardant Market: Overview
Flame retardants are the components which restrict and prevents the spread of fire. Flame retardants can be of a halogenated type and non-halogenated type. ATH called as alumina trihydrate is a non-halogenated type of flame retardant. ATH undergoes endothermic decomposition and functions as a flame retardant by liberating its high water content. This process cools the product and delays its ignition. ATH is widely used in thermoplastics such as poly vinyl chloride (PVC), the most used material in electrical applications. The ATH flame retardants are available in ground, precipitated types. Also, the flame retardants are surface treated for specific high performance applications.The wires and cables is an important sector in consumption of ATH flame retardant followed by building and construction. Also, reinforced composites in automobile body sections, foam seats are an attractive growth area for ATH flame retardant market. The global ATH flame retardant market is anticipated to show significant growth in terms of consumption over the forecast period owing to the strict industrial regulations and standards.
Global ATH Flame Retardant Market: Drivers and Restraints:
The ATH flame retardant market is primarily driven by the increasing adoption of plastic material. Flame retardants are widely used for variety of products from carpets to the building materials. Besides, use of flammable products drives the global ATH flame retardants market. Also, ATH flame retardant is cost effective compared to the other non-halogenated type of flame retardants and thus further gives an advantage for expansion. The regulations such as RoHS (Restriction of Hazardous Substances), WEEE (Waste Electrical and Electronic Equipment), and REACH further boosts the consumption of global ATH flame retardant market.
However, substitutes such as magnesium hydroxide (MDH) for ATH flame retardants might restrain the global ATH flame retardant market.
Global ATH Flame Retardant Market: Segmentation
On the basis of type, ATH flame retardant market is segmented into:-
On the basis of application, ATH flame retardant market is segmented into:-
On the basis of end use industry, ATH flame retardant market is segmented into:-
Global ATH Flame Retardant Market: Region Wise Outlook
The global ATH Flame retardant market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). APAC holds the major share in the global ATH Flame retardant materials. This is attributed by the growth of end use industries in countries such as China, India, Indonesia, South Korea, Taiwan, and Vietnam. North America and Europe followed by Japan are expected to grow moderately during the forecast period since the markets in these regions are matured. The ATH film retardant market in MEA and Latin America are expected to show above average growth during the forecast period.
Global ATH flame retardant market: Key Players
Some of the key players identified in the global ATH Flame retardant market includes:
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