Organic Friction Modifier Additives Market Demand, Size, Share, Scope & Forecast To 2027
Fine hydrate is defined as non-halogenated flame retardant additive which is significantly used in diversified application bases including wire, and cable compounds, injection molding, and paints & polymer. Fine alumina hydrate is considered to one of an eco-friendly, mineral-based flame retardant, which is used invarous polyolefin resins. Rising demand of fine hydrate in various application bases is expected to stipulate the demand of fine hydrate.
The fine hydrate market has witnessed a significant growth owing to factors such as growth of end use industry. Moreover, expanding demand of plastic from the automotive industry provides a huge market opportunity for the key players operating in the fine hydrate market. However, rising use of magnesium hydroxide as antacids in the pharmaceutical industry may restrain the overall growth of the fine hydrate market.
MARKET SEGMENTATION
The global fine hydrate market is segmented on the basis of application. Based on application, the global fine hydrate market is divided cable compounds, sheet molding compounds, bulk molding compounds and others.
MARKET PLAYERS
Alumina Castables and Chemicals Pvt. Limited, Aluminum Corporation of China Limited (CHALCO), ANKUR MINERALS PVT. LTD, Henan Kingway Chemicals Co., Ltd., Hindalco Industries Limited, Huber Engineered Materials, JINAN CHENXU CHEMICAL CO., LTD. Nabaltec AG, Sumitomo Chemical Co. Ltd., Others
The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Fine Hydrate market in these regions.