Global Non-Halogenated Flame Retardants Market to value $3.4bn by 2024: BASF, Albemarle, FRX Polymers, DuPont and Italmatch Chemicals

Key industry players include in Non-Halogenated Flame Retardants Market are Italmatch Chemicals, BASF, Albemarle, FRX Polymers, and DuPont.

A Graphical Research study, titled, “Non-Halogenated Flame Retardants Market Size & Share By Product, By Application, By End Use Industry (Construction, Electrical, Transportation), Regional Analysis and Industry Forecast, 2018 – 2024”.

Non-halogenated flame retardants industry size worth over USD 1.6 billion in 2017, is projected to register a CAGR of around 8% over 2018-2024. Factors like wide applications of polymers in automobile and construction sectors to improve their fire resistance is predicted to boost the industry growth. However, ecological issues related to the use of brominated products is predicted to negatively impact the environment hindering the industry growth. Furthermore, scarcity of key raw materials like Phosphorus and Aluminum hydroxide can pose a threat to industry growth due to its high loading features.

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Aluminum hydroxide segment is predicted to exceed 1.8 million tons growing at a rate of around 7% over 2018-2024 as a result of its cost-effectiveness and thermodynamic properties. Furthermore, its extensive use in paints, rubber and polymers have added to segment growth.

Epoxy resins market size is anticipated to witness a high growth rate of around 7.5% over forecast timeframe due to applications in paints & coatings, adhesives, and electronic devices as a result of its fire resistance characteristics. Engineering thermoplastics segment can exceed USD 280 million by the end of 2024 owing to its use in the production of medical devices and vehicle parts.

Polyolefins market size worth over USD 450 million in 2017, is predicted to record a CAGR of 8.5% over the forecast timeframe. Its applications in wires & cables and laboratory equipment for safety purposes is predicted to drive the application segment growth.

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Construction industry is predicted to exceed USD 1.2 billion by the end of 2024. The growing use of polymers as safety materials in switchboards and wires & cables in construction industry along with applications in paints & coatings is predicted to drive the segment growth over the period of 2016-2024.

Electrical industry segment is predicted to register a CAGR of around 7.5% over the forecast timeline. The growth of the segment can be attributed to the smoke, acidity, and toxin reducing properties of halogen free cables used in electrical applications for environmental safety.

North America non-halogenated flame retardants market size worth over USD 750 million in 2017, is predicted to produce over USD 1.25 billion by the end of 2024. U.S. non-halogenated flame retardants industry dominated the North American industry in terms of revenue, with Aluminum Hydroxide contributing to a major portion of the overall revenue share over the forecast timeline.

Asia Pacific non-halogenated flame retardants market is predicted to grow at a CAGR of around 8% over 2018-2024. Factors such as fire safety issues and the huge presence of production units are predicted to contribute towards the growth. Countries like India, China, and Indonesia are predicted to contribute towards the regional growth as a result of heavy investments in the construction sector.

Latin America is predicted to contribute towards the industry growth over the forecast timeline due to the presence of a large amount of automobile manufacturers. Middle East & Africa with good infrastructure facilities in countries like South Africa, Saudi Arabia, UAE, and Qatar are predicted to promote the industry growth over the forecast timeline.

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Segments Covered in this Report:

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

The above information is provided on a regional and country basis for the following:
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Russia
Poland
Asia Pacific
China
India
Japan
Malaysia
Thailand
Indonesia
Australia
South Korea
Middle East & Africa
UAE
Saudi Arabia
South Africa
Latin America
Brazil

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