Press release
Non Halogenated Flame Retardants Market Top Key Industry Players: Albermarle, Israel Chemicals and BASF are key players. Other companies in the business include Clariant, Chemtura, DSM, Italmatch Chemicals, Thor Group, Huber, FRX Polymers and DuPont
Global Market Insights, Inc.
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Increasing polymer adoption in automotive and construction industries will impel non halogenated flame retardant market demand. Polymers are base material with chemically linked additives to suppress fire. Chlorine and bromine based additives used in manufacturing polymers will have negative impact on the ecosystem owing to large quantities of toxic materials present.
Rising usage of electronic appliances has positively impacted the product demand. It gives water resistance, good thermal stability which helps the electronic components to last longer and eliminates the chance of fire in the equipment.
This technology has provided high performing alternative for manufacturers, it has different varieties that appeals for cast polymers. Component is used in polyolefin as a major component. Its primary use in electric cables and wires has pumped non-halogenated flame retardants market. It is used for high quality coatings in industrial sector.
Growing electricity consumption at global level is accelerating demand for non-halogenated flame retardant market. From urban to rural, extensive usage of electricity is driving the product demand. Safety issues are major concern for all the manufacturers, its property of suppressing fire has increased its utilization.
North America non halogenated flame retardants market size, led by U.S., will surpass USD 1.3 billion in 2015. Federal government guidelines laid down by the Environment Protection Agency will stimulate sales of bio based products and limit brominated and chlorinated fire suppressors demand. In 2015, North America electrical industry used more than 100 kilos ton fire suppressants.
For Europe non halogenated flame retardants market size by phosphorous based retardants is expected to generate demand exceeding 120 kilo tons by 2024. Aluminum hydroxide is expected to grow over 8% by 2024, subject to wide application in industries including electronics, construction and electrical equipment.
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By Product
• Aluminum Hydroxide
• Phosphorous based flame retardants
By Application
• Polyolefins
• Epoxy resins
• Unsaturated polyester
• Polyvinyl Chloride
• Engineering thermoplastics
• Rubber
• Styrenics
By End Use
• Construction
• Electrical
• Transportation
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Middle East non halogenated flame retardants market share will witness growth over 9% by 2024 owing to large scale infrastructural development coupled with stringent regulations towards safeguarding construction activities. Asia Pacific non halogenated flame retardants industry is set to exceed USD 800 million by 2024, subject to rapid growth in construction industry. China accounted for over 40% of construction sector in the region in 2015. Latin America transportation industry witnessed demand surpassing 3 kilo tonnes by 2015 and will grow significantly over the forecast period.
Non-halogenated flame retardants market is moderately consolidated with the industry share in the hands of top 4 companies, catering to around 30% of the overall demand. Several players are engaged in expanding their product portfolio to sustain in the industry. Key participants include BASF, Clariant, Albemarle, Huber and Adeka Corporation.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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