NEW YORK, Sept. 27, 2016 /PRNewswire/ --
According to a new market report published by Lucintel, the future of the alumina trihydrate (ATH) flame retardant market looks good with opportunities in the electrical and electronics, building and construction, and wire and cable industries. The global ATH flame retardant market is forecast to grow at a CAGR of 4.9% from 2015 to 2020. The major drivers of growth for this market are stringent governmental regulations related to prohibition on use of halogenated flame retardants, growing awareness on fire safety, and increasing market penetration of ATH flame retardants in various end-use industries. ATH flame retardants are used in a variety of applications with materials like polyolefin, epoxy, rubber, unsaturated polyester resin, polyvinyl chloride, and others. Lucintel predicts that the demand for polyolefin is likely to experience the highest growth in the forecast period supported by growing demand in end product manufacturing. On the basis of comprehensive research, Lucintel forecasts that wire and cable segment is expected to show highest growth during the forecast period.
Within the ATH flame retardant market, the building and construction segment is expected to emerge as the largest market by value. The changes in regulatory requirement and strong demand of halogen free flame retardants are expected to spur growth for this segment over the forecast period. North America is expected to remain the largest market by value and volume both due to growth in end use applications and wider acceptance of ATH flame retardants in various end-use industries. Asia Pacific and the Rest of the World are expected to witness significant growth over the forecast period because of growing awareness on fire safety, and restriction on some halogenated flame retardants. For market expansion, report suggests innovation and new product development, where the unique characteristics of ATH flame retardants can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and development of lowcost solutions for the end user.
Emerging trends, which have a direct impact on the dynamics of the industry, include the growing consumption of nano-particle ATH and original equipment manufacturers (OEM's) commitments towards the use of non-halogenated flame retardants. Nabaltec AG, Albemarle Corporation, Huber Engineered Materials, and TOR Minerals are among the major suppliers of the ATH flame retardants. Some companies are opting for M&A as a strategic initiative for driving growth. Lucintel, a leading global strategic consulting and market research firm, has analyzed the global ATH flame retardant market by end-use industry, application, and region, and has come up with a comprehensive research report, "The Global Alumina Trihydrate (ATH) Flame Retardant Market 2015-2020: 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 of the global ATH flame retardant market through 2020, segmented by end-use industry, applications, and region as follows:
By end-use industry [Volume (M lbs/Kilotons) and $M shipment analysis for 2009 – 2020]:
• Building and Construction
• Electricals and Electronics
• Wires and Cables
Others By application [Volume (M lbs/Kilotons) and $M shipment analysis for 2009 – 2020]:
• Unsaturated Polyester Resin
• Polyvinyl Chloride
• Others By region [Volume (M lbs/Kilotons) and $M shipment analysis for 2009 – 2020]:
• North America
• Asia Pacific
Rest of World This report answers following 11 key questions:
Q.1: What are some of the potential, high-growth opportunities for global alumina trihydrate (ATH) market by applications, end user industry and regions?
Q. 2. Which segments will grow at a faster pace and why?
Q.3: Which regions will grow at a faster pace and why?
Q.4: What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5: What are the business risks and threats to the market?
Q.6: What are emerging trends in this market and reasons behind them?
Q.7: What are some changing demands of customers in the market?
Q.8: What are the new developments in the market? Which companies are leading these developments?
Q.9: Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10: What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via materials / product substitution
Q.11: What are M & A activities in the last 5 years in this market? What reasons can be attributed to these activities and how have they impacted the industry?
Read the full report: http://www.reportlinker.com/p03871144-summary/view-report.html
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