Global Flame Retardant Market Trends, Competitive Landscape, Company Profiles And Forecast 2027
Global Flame Retardants Market Scope and Market Size
Flame retardants market is segmented on the basis of product, application and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the flame retardants market is segmented into halogenated and non-halogenated. Halogenated have been further segmented into brominated FR, chlorinated phosphates, antimony trioxide and others. Non-Halogenated have been further segmented into aluminum hydroxide, magnesium dihydroxide, phosphorous bases and others.
- Based on end-use industries, the flame retardants market is segmented into building & construction, electronics & appliances, automotive & transportation, wires & cables, textiles and others.
- The application segment for flame retardants market include epoxy, unsaturated polyester, polyolefins, PVC, ABS, polyamide, polystyrene, polyurethane (PU), polyethylene terephthalate (PET) & polybutylene terephthalate (PBT).
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Market Analysis and Insights: Global Flame Retardants Market
Rising demand in automobile industry along with increasing usage of fire retardants in optical fibers, adoption of flame retardant for security measures and development of insulation material such as polystyrene and polyutherane in construction are some of the factors that will enhance the growth of the market in the forecast period of 2020-2027. Introduction of more efficient and effective synergist compounds, and adoption of emerging technologies will further create new opportunities for the growth of the market in the above mentioned forecast period.
Growing environmental and health concern, high prices of flame retardant products and increasing issues related to toxic content will hamper the growth of the flame retardants market in the above mentioned forecast period.
Flame retardants market will reach an estimated valuation of USD 13.12 billion by 2027, while registering this growth at a rate of 4.75% for the forecast period of 2020 to 2027. Flame retardant market report analyses the growth, which is currently being owed to the focus on increasing in the levels of fire safety regulations and security measures across end-use industries.
Flame retardants is a type of chemical that are used for slow down the development of ignition and prevent fires, while used in different type of manufactured materials such as plastics, textiles, surface finishing and coatings.
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Competitive Landscape and Flame Retardants Market Share Analysis
Flame retardants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flame retardants market.
The major players covered in the flame retardants market report are Albemarle Corporation., ICL, Chemtura Corporation, Clariant, LANXESS, Nabaltec AG, DuPont, BASF SE, Akzo Nobel N.V., Italmatch Chemicals S.p.A., J.M. HUBER CORPORATION, Thor, DSM, DIC CORPORATION, MPI Chemie B.V., Nano Technologies Inc., RTP Company, TOR Minerals among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Flame Retardants Market Country Level Analysis
Flame retardants market is analysed and market size, volume information is provided by country, product, application and end-use industry as referenced above.
The countries covered in the flame retardants market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Asia-Pacific dominates the flame retardants market because of the increasing demand from different regions such as India, China and Japan. Rising growth of construction and automotive industry, prevalence of electrical and electronics manufacturing hubs in these regions.
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