3 Aug 2016
According to a new market report published by Lucintel, the future of the alumina trihydrate (ATH) fillers market looks good with opportunities in the electrical and electronics and transportation applications for the composites industry.
According to a new market report published by Lucintel, the future of the alumina trihydrate (ATH) fillers market looks good with opportunities in the electrical and electronics and transportation applications for the composites industry. Alumina trihydrate (ATH) flame retardants in the global composites industry is forecast to grow at a CAGR of 4.9% by value from 2016 to 2021. The major drivers of growth for this market are the increasing demand for sheet molding and bulk molding compounds from electrical & electronics and transportation sectors.
In this market, electrical & electronics, transportation, construction, and consumer goods are the major end-use applications. Lucintel forecasts that the electrical & electronics industry is expected to remain as the largest market by value and volume consumption supported by stringent safety standards with focus on the use of environmentally friendly materials. On the basis of its comprehensive research, Lucintel predicts that electrical & electronics is expected to show above average growth during the forecast period.
North America is expected to remain the largest market by value and volume due to the growth in electrical & electronics and automotive applications for the composites industry coupled with strict regulations on the restriction of halogenated materials.
Asia Pacific is expected to witness good growth over the forecast period due to the growth in the composites industry supported by growing awareness among customers related to fire safety.
For business expansion, report suggests innovation and new product development which allow higher loading and excellent processing in molding compounds. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for the end user.
Emerging trends, which have a direct impact on the dynamics of the industry, include the growing consumption of nanoparticle ATH filler and original equipment manufacturers (OEMs’) commitment towards the use of non-halogenated materials.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for alumina trihydrate (ATH) flame retardant in the global composites industry by end use application and region and has come up with a comprehensive research report, “Growth Opportunities for Alumina Trihydrate (ATH) Flame Retardant in the Global Composites Industry 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for alumina trihydrate (ATH) flame retardant in the global composites industry by end use application and region as follows:
By end-use application [Volume (M lbs./Kilotons) and $M shipment analysis for 2010 – 2021]:
• Electrical & Electronics
• Transportation
• Construction
• Consumer Goods
• Others
By region [Volume (M lbs./Kilotons) and $M shipment analysis for 2010 – 2021]:
• North America
• Europe
• Asia Pacific
• Rest of the World