FINE HYDRATE MARKET ANALYSIS

Fine Hydrate MarketSize and Trends

Global fine hydrate market was valued at US$ 391.4 Mn in 2023, exhibiting a CAGR of 9.8% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 751.3 Mn by 2030. Fine hydrate is a non-halogenated flame retardant additive used across several applications such as injection molding, wire, and cable compounds, and paints & polymer. It belongs to the class of fine alumina trihydrate (ATH) compounds, which is produced by using Bayer’s process. Fine alumina hydrate is an eco-friendly, mineral-based flame retardant, that is used in a variety of polyolefin resins. Some of the other applications of fine hydrate are cable compounds, sheet molding compounds, and bulk molding compounds. Moreover, it is also used to produce lightweight plastics for automobiles, which reduce the overall weight of the automobile, thus making fuel-efficient vehicles. Furthermore, fine hydrate is also used in the production of pigment.

Global Fine Hydrate Market - Market Trends

The rising trend of nano technology in new products is projected to propel the market growth of fine hydrate. Various polymer producers are adding flame retardants such as fine hydrate with nanoclays, which improve the performance of polymer additives as nanoclays have help in anti-dripping and slowing down fire, and they also produce surface char, all these enhance the quality of non-halogenated flame retardants. This factor is projected to propel the market growth.

Increasing sales of fine hydrate in the Asia Pacific region due to the rising production of consumer electronics in the Asia Pacific region is projected to fuel the market growth. Moreover, expanding the construction industry and the development of infrastructure in Asian countries such as China, India, and South Korea is further projected to propel the market growth of fine hydrate.