The global flame retardants market is projected to witness a steady growth during the forecast period, 2023-2027. The market growth can be attributed to the high demand for flame retardants across various end-user industries such as transportation, construction, electrical & electronic industry, and an increase in fire safety regulations.
Besides, rising safety concerns and booming sales of electronic products are anticipated to accelerate the global flame retardants market growth in the forecast period. In 2021, the global demand for flame retardants was more than 2.45 million tons, and the number is expected to grow at a formidable rate.
Globally, stricter fire safety laws have prompted industry companies to create cutting-edge flame retardants. As North America and Europe have implemented stringent security measures for the sake of public health and the environment, the demand for flame retardants is expected to increase in the coming years.
Besides, the growing disposable income of consumers and rising internet penetration are boosting the sales of electronic products. Furthermore, the advent of advanced technologies coupled with the ongoing research and development activities are positively influencing the growth of the global flame retardants market.
Increasing investments to advance flame retardant technology with 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.
The global flame retardants market is segmented on the basis of type, polymer, application, regional distribution, and competitive landscape. Based on the polymer type, the market is divided into polyamide, polyesters, epoxy, polyolefin, vinyl ester, polyurethanes, and others.
Epoxy is expected to register the highest growth in the market during the forecast period, owing to its wide applications in the automotive and electronics industries.
Key players operating in the global flame retardants market are 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, among others.
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2027
Objective of the Study:
- To analyze the historical growth in the market size of the global flame retardants from 2017 to 2021.
- To estimate and forecast the market size of global flame retardants market from 2023 to 2027 and growth rate until 2027.
- To classify and forecast the global flame retardants market based on type, polymer, application, region, and company.
- To identify the dominant region or segment in the global flame retardants market.
- To identify drivers and challenges for the global flame retardants market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global flame retardants market.
- To identify and analyze the profiles of leading players operating in the global flame retardants market.
- To identify key sustainable strategies adopted by market players in global flame retardants market.
Report Scope:
In this report, global flame retardants market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Flame Retardants Market, By Type:
- Non-Halogenated
- Aluminium Trihydroxide Organophosphorus Compounds
- Antimony Oxides
- Halogenated
- Brominated & Chlorinated
- Others
Flame Retardants Market, By Polymer:
- Polyamide
- Polyesters
- Epoxy
- Polyolefin
- Vinyl Ester
- Polyurethanes
- Others
Flame Retardants Market, By Application:
- Construction
- Electrical & Electronics
- Manufacturing
- Textile
- Automotive
- Others
Flame Retardants Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Australia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
- Kuwait
For more information about this report visit https://www.researchandmarkets.com/r/b1dd4z