Flame Retardant Market by Type Halogenated | Antimony Oxide, Brominated and Non-Halogenated | Aluminum Hydroxide, Magnesium Dihydroxide Type | Global Trends & Forecast to 2023
In 2017, Asia-Pacific region accounted for the largest market share in global flame retardant market accounting for more than 50% market share. It is further expected to grow at the fastest CAGR owning to growing use of flame retardants in China and India followed by Thailand. The demand of flame retardant in North America will rise at a faster pace as compared to other developed regions mainly due to reviving construction market of the US.
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In 2017, Non-halogenated flame retardants market accounted for largest market share of 60% in terms of volume. This product segment is further expected to witness a highest CAGR of 6% in the forecast period owing to high regulations aimed at phasing out halogenated flame retardant usage. Aluminium hydroxide (ATH) accounted for the highest market volume within the non-halogenated product segment at 1 million tons in 2017, and is further expected to grow at an estimated CAGR of 5% during the forecast period.
Electrical & electronics segment is the leading end-user industry of flame retardants with a market of 40% in 2017 and is further expected to witness a highest CAGR of 5% during the forecast period 2018 to 2023. Building & Construction end-user industry is projected to grow at a CAGR of 4.0% from 2018 to 2023 due to high use of flame retardant infused materials in structural insulations and elements.
Major market leaders are acquiring small companies to increase their footprint in the respective region. Companies are focusing more on product innovation to gain market share. Some of the market players active in the industry include Albemarle, BASF ICL, Chemtura, Clariant International Ltd., Italmatch Chemicals, Huber Engineered Materials, BASF, Thor Group Ltd., & DSM.
1.1. Goal & Objective
1.2. Report Coverage
1.3. Supply Side Data Modelling & Methodology
1.4. Demand Side Data Modelling & Methodology
2. Executive Summary
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3. Market Outlook
3.2. Current & Future Outlook
18.104.22.168. Demand Drivers
22.214.171.124. Supply Drivers
3.4. Market Entry Matrix
3.5. Market Opportunity Analysis
3.6. Market Regulations
3.7. Pricing Mix
3.8. Value Chain & Ecosystem
3.9. Key Customers
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