Global Flame Retardants Market to Reach $9.5 Billion by 2028

The report "Flame Retardant Market by Type (Aluminum Trihydrate, Antimony Oxide, Brominated), Application (Epoxy, Polyolefin, Unsaturated Polyester), End-Use Industry (Building & Construction, Electronics & Appliances), and Region - Global Forecast to 2028", size was USD 7.0 billion in 2022 and is projected to reach USD 9.5 billion by 2028, at a CAGR of 5.2%, between 2023 and 2028.

Flame retardants are used in various end-use industries including building & construction, electronics & appliances, automotive & transportation, wires & cables, textiles, and others. Flame retardants are chemicals or materials that are added to various products to reduce their flammability and slow down the spread of fires. They are used in a wide range of industries and applications to enhance fire safety.

Nitrogen is projected to register the highest CAGR, in terms of value, of the global flame retardants during the forecast period.

The increasing demand for nitrogen-based flame retardants is driven by several factors, including concerns about the environmental and health impacts of traditional flame retardants, regulatory changes, and the need for effective fire safety solutions. Nitrogen-based flame retardants have gained attention due to their potential to provide fire protection while addressing some of the shortcomings associated with other types of flame retardants. All these factors are expected to drive the demand for nitrogen type of flame retardant during the forecast period.

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