Flame Retardants Industry to Continue Impressive Measured Growth through 2027

Description :

Global Flame Retardants Market: Information By Type (Non-Halogenated (Aluminum Trihydrate, Organo-Phosphorus, Magnesium Hydroxide and Others) and Halogenated (Brominated, Chlorinated and Others), By Resin (Polyethylene, Polypropylene, Epoxy, Unsaturated Polyesters, Polyvinyl Chloride, Styrenics, Engineered Thermoplastics, Rubber and Others), By Application (Building & Construction, Electricals & Electronics, Transportation, Textiles and Others) and Region - Forecast till 2027

Keywods:

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Global flame retardants industry Analysis

Global Flame Retardants Market is estimated to be valued at USD 8,000 Million by 2025 and record a CAGR of over 6.5% during the forecast period.

Global Flame Retardants Market is expected to witness a surging growth in the coming assessment period owing to its widespread usage in diverse end-use industries such as building and construction, transportation, textile, consumer goods, and electronic devices.

The growth is mainly attributed to the growth construction activities, especially in emerging countries such as China and India due to increase in government investments in commercial construction for infrastructural development, booming population and growth in per capita spending of individuals.

Besides, the increase in fire incidents globally has increased the need for improved safety standards with flame retardants in building and construction sector. Moreover, growing demand for plastic components in automotive to reduce the weight of the vehicle has further fueled the growth of the flame retardant market. As plastics are more susceptible to catch fire. Flame retardants are applied to automotive seats, and interior parts of automotive.

However, due to the stringent regulations on the sue of conventional flame retardants is likely to hamper the growth of the market. Nevertheless, increasing demand for recyclable halogen-free flame retardants and growth in the plastic manufacturing is likely to bring lucrative opportunity for the growth of the market in the forecast period.

Top Key Players

Market Research Future (MRFR) recognizes the following companies as the Key Players in the global Flame Retardants industry : Clariant, ICL, LANXESS, BASF SE, RTP Company, Nabaltec AG, Celanese Corporation, Greenchemicals SpA, Kisuma Chemicals, Dow, Akzo Nobel N.V., Amfine Chemical Corporation, J.M. Huber Corporation, and Italmatch Chemicals SpA.

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Report : https://www.marketresearchfuture.com/reports/flame-retardants-market-2506

Regional Analysis

Geographically, the global flame retardants industry has been segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. As per MRFR analysis, Asia-Pacific region dominated the global market, accounting for the largest share of around 50% in 2018 and is expected to register a CAGR over 7.5% during the forecast period.

Asia-Pacific is followed by Europe, which accounted for the second-largest share of the global flame retardants market in 2018.

The European market is expected to exhibit a share of around 25% in 2018. The North America region is expected to witness moderate growth with CAGR 6% over the forecast period. Latin America and Middle East and Africa markets are also likely to witness significant growth with CAGR over 6.5% during the forecast period, 2019–2025.

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