Global Alumina Trihydrate Markets 2019-2024: Opportunities and Future Trends in the Increasing Usage in Batteries and Chemicals
The market for alumina trihydrate is anticipated to register a CAGR of 5.63% during the forecast period 2019 and 2024.
- The market for alumina trihydrate is anticipated to register a CAGR of 5.63% during the forecast period 2019 and 2024.
- Increasing demand for plastics from various end-user industries are expected to drive the demand for the market during the forecast period.
- Availability of some non-toxic substitutes such as Magnesium Hydroxide and Calcium Carbonate is likely to hinder the market's growth.
- Increasing usage of alumina trihydrate in the new applications such as batteries, chemicals, etc., is projected to act as an opportunity for the market in the future.