CIMBAR Performance Minerals Inc. (CPM, Chatsworth, Ga., U.S.) a division of United Minerals and Properties Inc., announced on April the completion of its acquisition of the North American Barite and Alumina Trihydrate manufacturing assets and business of TOR Minerals (Corpus Christi, Tex., U.S.), a company that develops high-performance specialty mineral products including fillers, which, when added to resin systems, enhance fire/smoke suppression and other properties.
“With this acquisition complete, CIMBAR has delivered on a key component of our growth strategy,” says Albert Wilson, president and CEO of CPM. “The TOR manufacturing site broadens our portfolio and will further support our primary goal of providing products to our customers from multiple locations, thus offering superior product security, availability and business continuity. I am delighted to officially welcome all of the employees and associates of TOR Minerals to CIMBAR and look forward to the growth
Global Alumina Trihydrate Market (2020 to 2025) - Growing Use of Polymers in the Automotive Industry Presents Opportunities yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
The ground type segment is estimated to account for the largest share of the alumina trihydrate market in 2020.
Based on type, the ground segment is estimated to account for the largest share of the alumina trihydrate market in 2020 in terms of volume. It is widely used in insulating devices, plastics, rubber, catalyst, paper, glass, artificial stone, glass steel, potting, resin, adhesives, grille, carpet, and other industries. It has a higher surface area, irregular particle morphology, and wide particle size distribution. The particle size of ground alumina trihydrate ranges from 1 micron-50 micron. It is an economical and cost-effective fire retardant.
The flame retardant application segment is estimated to account for the largest share of the alumina trihydrate market in 2020.
Alumina Trihydrate Market worth $1.9 billion by 2025 - Exclusive Report by MarketsandMarkets Alumina Trihydrate Market
by Type (Ground, Wet, Dry, Precipitate), Application (Flame Retardant, Filler, Antacid), End-Use Industry (Plastic, Building & Construction, Paints & Coatings, Pharmaceuticals, Glass, Rubber), Region - Global Forecast to 2025 , published by MarketsandMarkets, the global Alumina Trihydrate Market size in 2020 is estimated at USD 1.5 billion and is projected to reach USD 1.9 billion by 2025, at a CAGR of 5.5% from 2020 to 2025. The major drivers for the market include the rising consumer demand for alumina trihydrate in different applications and end-use industries, such as flame retardants, and paints & coatings. However, the substitutes present in the market, for instance, magnesium hydroxide, can restrain the market growth.