Flame retardants (FR) are chemical compounds added to or otherwise incorporated into plastic compounds to provide varying degrees of flammability protection. For example, many plastics are highly flammable and therefore their fire resistance is increased by adding flame retardants in order to reduce the risk of fire.
The global ATH Flame Retardant market
is valued at USD 578.53 million in 2018 and is expected to reach USD 718.93 million by the end of 2025, growing at a CAGR of 3.56% between 2019 and 2025. Overall, the ATH Flame Retardant products performance is positive with the current environment status.
The following manufacturers are covered:
J.M. Huber Corporation
Chalco Aluminium Corp of China
Alcoa World Alumina Minerals
TOR Minerals Europe
MAL Magyar Aluminium
Alumina Chemicals & Castables
The market is concentrated for now and is not seeing to be more dispersed.
In market, revenue of ATH Flame Retardant in Europe will increase to be 284.13 M USD in 2025 from 236.93 M USD in 2018, which is the biggest consumption area in current market pattern. North America ranks the second largest consumption area, with sales revenue and market share of 138 M USD in 2018.
There are two different types of ATH Flame Retardant. The market can be segmented into: Ground/Milled ATH Flame Retardant and Precipitated ATH Flame Retardant. Precipitated ATH Flame Retardant is the most commonly used and efficient types and took 63% market share in 2018. By application, Electrical and Electronics and Building and Construction is the largest consumer group, with market share of 69% in 2018.
Companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The total competition market for ATH Flame Retardant will become more intense, while the market is going to be more concentrated for high end ATH Flame Retardant.