Flame Retardants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Type (Non-Halogenated (Aluminium Trihydroxide Organophosphorus Compounds, Antimony oxides) Halogenated (Brominated & Chlorinated), Others), By Polymer (Polyamide, Polyesters, Epoxy, Polyolefin, Vinyl Ester, Polyurethanes, Others), By Application (Construction, Electrical & Electronics,
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationFlame Retardants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Type (Non-Halogenated (Aluminium Trihydroxide Organophosphorus Compounds, Antimony oxides) Halogenated (Brominated & Chlorinated), Others), By Polymer (Polyamide, Polyesters, Epoxy, Polyolefin, Vinyl Ester, Polyurethanes, Others), By Application (Construction, Electrical & Electronics,
The global flame retardants market is anticipated to witness a growth of steady CAGR in the forecast period, 2023-2027. An increase in fire safety regulations and the high demand for end-user industries such as transportation, construction, electrical & electronic industry are the key factors driving the global flame retardants market growth. Also, the massive sales of electronic products and growing safety concerns among the authorities are expected to accelerate the global flame retardants market growth in the forecast period.
Imposition of Strict Fire Safety Regulation Drives the Market Growth
The global demand for flame retardants was more than 2.45 million tons in 2021, and this number is expected to grow at a significant rate in the forecast period. Fire safety regulations are getting stricter around the globe, making the market players develop innovative flame retardants. High industry standards and stringent legal frameworks play a significant role in manufacturing flame retardants. North America and Europe have adopted strict security measures for health and the environment and have made it necessary to use flame retardant materials in their product. The government's growing focus on safety and security is expected to fuel the global flame retardants market demand in the next five years.
High Sale of Electronic Appliances Supports the Market Growth
The growing disposable income of consumers and the high internet penetration is boosting the sales of electronic products. The advent of advanced technologies and ongoing research and development activities enable the market players to launch innovative electronic products. The majority of electronic products have flammable properties and are prone to fire risks due to electrical short circuits that could ignite and damage the product. Therefore, it is necessary to meet fire safety regulations while manufacturing electronic products. The flame retardants improve the resistivity of electrical products that insulate the electronic products' internal and external parts. The major type of flame retardants in the electronics industry is chlorine, phosphorus, bromine, and nitrogen-based. The electronics industry is developing at a rapid rate, and the sales of electronic products are expected to boost the global retardants market growth through the next five years.
Advancements in Flame Retardant Technology Fuels the Market Growth
Stringent fire safety and regulations imposed by the government are boosting the demand for the development of innovative retardants. Market players invest in developing advanced fire retardants to enhance their fire-resisting properties. The introduction of advanced fire-retardant elements is expected to lower the quantity required to offer the same level of non-flammability. Also, market players are inducing qualities like UV stability, corrosive resistance, and excellent dispersion in flame retardant materials are expected to influence the demand for the global flame retardants market through the forecast period.
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Market Segmentation
The global flame retardants market is segmented into
Market Players
Lanxess AG, The Dow Chemical Company, BASF SE, Clariant Corporation, Dover Chemical Corporation, Nabaltec AG, Akzo Nobel N.V., ICL Industrial Products, Broadview Technologies Inc., Asahi Kasei, Adeka Corporation, Budenheim, LyondellBasell, and DSM, are the market players operating in the global flame retardants market.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type · Polymer · Application |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, France, United Kingdom, Italy, Germany, Spain, China, India, Japan, South Korea, Taiwan, Thailand, Australia, Brazil, Argentina, Colombia, South Africa, UAE, Saudi Arabia, Kuwait |
| Key companies profiled | Lanxess AG, The Dow Chemical Company, BASF SE, Clariant Corporation, Dover Chemical Corporation, Nabaltec AG, Akzo Nobel N.V., ICL Industrial Products, Broadview Technologies Inc., Asahi Kasei, Adeka Corporation, Budenheim, LyondellBasell, and DSM |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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