Fine Hydrate Market Global Trends, Share, Size, Growth, Opportunity and Forecast 2019 - 2027
Fine hydrate is a type of silicon dioxide with a variable amount of water in its chemical formula. When fine hydrate is dissolved in water, it is commonly referred to as silicic acid. It can be found naturally in the form of opal and has been mined as a gemstone for centuries. Fine hydrate is used in the production of a variety of goods, including toothpaste, paints, and varnishes, as well as beer.
The global fine hydrate market has seen a surge in revenue growth in recent years, owing to rising industry preferences for non-halogenated flame retardants over halogenated flame retardants around the world. Furthermore, the growing use of fine hydrate in various end-user industries such as automotive, paint & coatings, construction, and others has contributed to the global fine hydrate market's profitable growth in recent years.
The growing demand for plastic from the automotive industry to reduce vehicle weight is expected to drive fine hydrate market growth. Fine hydrate is widely used in the production of polymers, where it is used as a flame retardant additive. These polymers are in high demand in the automotive industry for use in the production of automobile components that reduce overall weight and produce fuel-efficient vehicles. As a result, the rising demand for plastic from the automotive industry is driving market growth.
The growing use of fine hydrate as a substitute for titanium dioxide in the production of pigments is expected to drive fine hydrate market growth. Paints and coatings are widely used in automotive refinishing, building, protective coatings, and wooden coatings. Fine hydrate is used in paints to keep the shine and lustre, as well as to increase transparency. As a result, the increasing use of fine hydrate as a titanium dioxide substitute is propelling market growth.
The key players operating in the global fine hydrate market are Nabaltec AG, Huber Engineered Materials, Hindalco Industries Limited, Sumitomo Chemical Co. Ltd., Alumina Castables & Chemicals Private Limited, Aluminum Corporation of China Limited (CHALCO), JINAN CHENXU CHEMICAL CO., LTD., and Henan Kingway Chemicals Co., Ltd.
Comments
Post a Comment