Flame Retardants Market by Type (Alumina Trihydrate, Brominated Flame Retardants, Antimony Trioxide, Phosphorus Flame Retardants, and Others), by Application (Unsaturated Polyester, Resins, Epoxy Resins, PVC, Rubber, Polyolefins, and Others) by End Use (Construction, Automotive & Transportation, Electronics, and Others) - Global Opportunity Analysis and Industry Forecast, 2022 – 2030

Market Definition:

The Global Flame Retardants Market was valued at $8.20 billion in 2021, and is expected to reach $13.60 billion by 2030, with a CAGR of 5.9% during the forecast period 2022-2030.

Flame Retardants are a diverse group of chemicals that are applied on textile, wood, plastic or semiconductors in order to prevent fast growth of fire. Use of flame retardants play a vital defensive role in saving property and lives by decreasing the fire risk associated with the usage of highly combustible materials in products such as plastic, textile and many more. For instance, steel is coated with flame retardants to provide thermal insulations in case of fire. Flame retardants are also used in forest fire in order to reduce the speed of fire spread.

Market Dynamics and Trends:

Flame retardants market has been witnessing rapid growth in sales due to the growing industrialization and rising number of newly constructed commercial buildings. Flame retardants, when added to materials increases its durability and makes it fire-proof. For instance, in the aircraft manufacturing industries, flame retardants are used in panels, carpet and flooring to minimize the risk of fire. Furthermore, the high productivity and low cost are some of the factors leading to the growth of flame retardants market.

On the contrary, the health risks associated with flame retardants such as endocrine disruption, reproductive toxicity, cancer, etc. hinders the market growth. However, the producers of flame retardants have responded to these concerns, and are developing more environmentally compatible products, mainly non-halogenated alternatives. Also, the sudden growth in demand for flame retardants in industries manufacturing aircrafts, vehicles, electronic appliance, buildings and many more to avoid fire and for other applications, will be the key factor providing opportunities for the flame retardant market growth.

Market Segmentations and Scope of the Study:

The global flame retardants market has been segmented on the basis of type, application, end use industry, and geography. Based on type, the market is divided into alumina tri-hydrate, brominated flame retardants, antimony trioxide, phosphorus flame retardants, and others. On the basis of application, the global flame retardants market is bifurcated into unsaturated polyester resins, epoxy resins, PVC, rubber, polyolefins, and others. By end user industry, the global flame retardants market is segmented into construction, automotive & transportation, electronics, and others (textile, aerospace, and adhesives). Geographically, the global flame retardants market is segmented into North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North-America has been dominant in the consumption of flame retardants compared to other regions due to the increasing fire safety regulations. According to the report, North America itself has around 8 million buildings which require fire safety measures. Furthermore, the expansion of industries and the construction of innumerable commercial buildings with proper fire safety measures is another reason favouring the growth of flame retardant market.

However, the region of Asia Pacific will witness greater consumption of flame retardants due to the rapid rise in population and migration of people from rural to urban areas making it densely populated.

Competitive Landscape:

According to the report, the leading manufacturers of flame retardents are Broadview Technologies Inc. The Dow Chemical Company, BASF SE, Clariant Corporation, Dover Corporation, Akzo Nobel N.V., ICL Industrial Products, Albemarle Corporation, Nabaltec AG.,Lanxess AG. These players have been investing huge capital in R&D activities to develop advanced products to cater to the demand of end users.

KEY BENEFITS:

• The flame retardant market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the flame retardant market trend including the current and future trends for depicting the prevalent investment pockets in the market

• The information related to key drivers, restraints and opportunities and their impact on the data flame retardant market is provided in the report.

• The market share of the players in the global flame retardant market along with their competitive analysis.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Key Segments:

By Type 

• Alumina Trihydrate

• Brominated Flame Retardants

• Antimony Trioxide

• Phosphorus Flame Retardants

• Others

By Application

• Unsaturated Polyester

• Resins

• Epoxy Resins

• PVC

• Rubber Polyolefins

• Others

By End Use Industry

• Construction

• Automotive & Transportation

• Electronics

• Others

By Geography

• North America

  • U.S.

  • Mexico

  • Canada

• Europe

  • Germany

  • UK

  • Russia

  • Rest of Europe

• Asia-Pacific

  • India

  • China

  • Japan

  • Rest of Asia-Pacific

• RoW

  • Brazil

  • South Africa

  • Turkey

  • Remaining countries

REPORT SCOPE AND SEGMENTATION: