Global Flame Retardants Market

Global Flame Retardants Market was valued US$ XX Bn in 2019 and is expected to reach US$ 11.2 Bn by 2027, at a XX % CAGR of around during a forecast period.

Flame retardants refer to the chemical used in various industries including electronics, textile industries, and plastic industries, etc. Such as, flame retardants are used in fabrics, like fabrics, nylon polyester fabrics to upsurge the flame resistance characteristics of the fabrics. Also, flame retardants used in thermoplastic vulcanite elastomers in smaller concentrations in guidance with the hazardous substance limit to augment heat resistance of plastic materials and to reduce the flame spread rate.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

The global flame retardants market dynamics are thoroughly studied and explained in the report, which helps the reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at the global and regional level for the global flame retardants market. Some of the drivers and restraints are illustrated below, their detailed explanation is discussed in the MMR report with other supporting. Some of the major growth factors in the flame retardants market are a rise in infrastructure activities, rapid urbanization, and an increase in safety standards in construction activities.

The global market for flame retardants witnesses vivid opportunities because of the increase in demand for flame retardant chemicals in an extensive number of end-use industries. Furthermore, growth in the use of flame retardants in the electronics industry owing to its property of decreasing the flammability of combustible semiconductors and substances is another major factor that augments the growth of the market.

However, raw material shortages and increasing prices along with toxicity issues relating to product manufacturing are expected to hinder market growth over the forecast period. Harmful effects of flame retardant chemicals to humans are also expected to hamper product demand over the upcoming years.

The MMR report will provide an accurate prediction of the contribution of the various product segments to the growth of the flame retardants market size. Based on product type, non -halogenated flame retardant chemicals segment is dominating the flame retardants market and valued around US$ XX Mn in 2019. Between the halogenated compounds, brominated flame-retardants are majorly used in building materials, furniture, and automobiles to slow the growth of fire. Aluminumtrihydroxide, which is a non-halogenated compound is the most commonly used in the wires, roofing, cables, and furnishing, etc.

Region-wise, Asia Pacific dominates the market for flame retardants, with a market size of US$ XX Mn in 2018 and will be US$ XX Mn in 2026, with a CAGR of XX%. Increasing urbanization, along with rising personal incomes in this region, will stimulate a heightened awareness of fire safety and more strictly required building codes. South America and MEA region will also record above-average sales increases for flame retardants. North American demand will increase at a faster pace than other developed regions because of a forecast rebound in the U.S construction market but will remain below the total average.

In China, flame retardants have been experiencing fast development growth in the world plastics market and also as a result of policy necessities. Brominated flame retardants were once the major competitors in the Chinese market. On the other hand, as a result of environmental issues, the use of brominated compounds has been restricted steadily in recent years.

The competitive landscape section in the flame retardants market offers a deep dive into the profiles of the leading companies operating in the global market landscape. It offers captivating insights on the key developments, differential strategies, and other crucial aspects about the key players having a stronghold in the flame retardants market.

The objective of the report is to present comprehensive analysis of Global Flame Retardants Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Global Flame Retardants Market dynamics, structure by analyzing the market segments, and project the Global Flame Retardants Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Flame Retardants Market make the report investor’s guide.

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Scope of the Global Flame Retardants Market

Global Flame Retardants Market, By Product Type

• Non -Halogenated Flame Retardant Chemicals
o Aluminumtrihydroxide
o Antimony Oxides
o Organophosphorus
o Others
• Halogenated Flame Retardants Chemicals
o Brominated Compounds
o Chlorinated Compounds
Global Flame Retardants Market, By End User

• Building and Construction
• Wire and Cables
• Automotive
• Electrical & Electronics
• Plastic Manufacturing
• Textiles & Furniture
• Others
Global Flame Retardants Market, By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Key players operating in the Global Flame Retardants Market

• Albemarle
• ICL
• Chemtura
• Clariant International Ltd.
• Italmatch Chemicals
• Huber Engineered Materials
• BASF
• Thor Group Ltd.
• Lanxess AG
• DSM
• FRX Polymers
• Nabaltec AG
• Delamin
• Dupont

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