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Non Halogenated Flame Retardants Market to grow at a healthy CAGR up to 2025, North America to show steady growth
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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.
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.
Worldwide consumption of polyolefins has significantly increased lately, which is leaving a subsequent impact on non halogenated flame retardants market. Halogen free polyolefins including LDPE, PE, PP, EVA, LLPE, and MDPE are widely deployed in the manufacturing of electric wires and cables and also in transportation and construction sector. On these grounds, polyolefins applications in the forthcoming years are projected to witness an appreciable growth at 7% CAGR over 2016-2024. Rapid industrial growth has led to an increasing demand for high-quality coatings, which substantially escalates non-halogenated flame retardants market demand from epoxy resin application. As per estimates, this application is forecast to witness gains at around 7% CAGR over 2016-2024.
The construction industry is generating a substantial momentum worldwide. Statistics depict that the overall construction spending will cross over USD 13 trillion by 2023, a prime factor that will be responsible for non-halogenated flame retardants market growth, particularly across BRICS nations. Polymers amalgamated with chemically linked adhesives are extensively utilized as base materials in buildings, switchboard, wires, and cables to suppress fire. With growing demand for fire safety materials in the building infrastructures, non halogenated flame retardants market share from construction application is expected to hold a valuation of USD 1 billion by the end 2024.
Non halogenated flame retardants market share from polyolefins is set to grow over 7% by 2024. Halogen free polyolefins include PP, LDPE, PE, LLDPE, EVA and MDPE. They are primarily used in electric cables & wires, construction and transportation sectors. Market share from epoxy resins applications will witness significant growth of over 7% by 2024. Increasing epoxy resin demand utilized for high quality coatings coupled with rapid industrial growth will propel the industry.
Browse key industry insights spread across 113 pages with 168 market data tables & 24 figures & charts from the report, “Non Halogenated Flame Retardants Market Size” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/non-halogenated-flame-retardants-market-report
In Non Halogenated Flame Retardants Market, notable industry participants including Albermarle, Nabaltec, BASF, Israel Chemicals, Clariant, Chemtura, Italmatch Chemicals, and Huber. The companies integrate backwards to negate possible raw material scarcity. Industry players are increasingly focusing on broadening their product portfolio by adding fire suppressants with low toxicity made from magnesium hydroxide, melamine and phosphorus. Demand supply deficit of raw material may jeopardize non halogenated flame retardants market price.
Glimpse of Table of Content (ToC)
Chapter 4 Non Halogenated Flame Retardants Market Product Insights
4.1 Global non halogenated flame retardants market volume share by product, 2015 & 2024
4.2 Aluminum Hydroxide
4.2.1 Market estimates and forecast, 2013-2024, (Kilo Tons) (USD Million)
4.2.2 Market estimates and forecast, by region, 2013-2024, (Kilo Tons) (USD Million)
4.3 Phosphorous Based Flame Retardants
4.3.1 Market estimates and forecast, 2013-2024, (Kilo Tons) (USD Million)
4.3.2 Market estimates and forecast, by region, 2013-2024, (Kilo Tons) (USD Million)
4.4 Others
4.4.1 Market estimates and forecast, 2013-2024, (Kilo Tons) (USD Million)
4.4.2 Market estimates and forecast, by region, 2013-2024, (Kilo Tons) (USD Million)
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/non-halogenated-flame-retardants-market-report
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