Alumina Trihydrate Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis
The alumina trihydrate market was estimated at USD 1.82 billion in 2022 and is likely to grow at a CAGR of 5.47% during 2023-2028 to reach USD 2.52 billion in 2028.
Market Drivers:
The growing demand for alumina trihydrate is mainly due to its increasing usage as a flame retardant or filler from the building & construction, plastics, paints & coatings and other end-use industries and increasing regulations concerning fire safety, which in turn, is driving the market during the forecast period.