Halogen-Free Flame Retardants Market | Key players operating in the market include Clariant AG, Lanxess AG, Israel Chemicals, Nabaltec AG, BASF SE

According to recent market research "Halogen-Free Flame Retardants Market by Type (Aluminum Hydroxide, Organophosphorus), Application (Polyolefins, UPE, ETP, Styrenics), End-Use Industry (Electrical & Electronics, Construction, Transportation), Region - Global Forecasts to 2025", The halogen-free flame retardants market is projected to reach USD 6.2 billion by 2025, at a CAGR of 8.60% from USD 4.1 billion in 2020.

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The growth of the halogen-free flame retardants market is primarily triggered by stringent governmental regulations for the use of toxic flame retardants. Halogenated flame retardants, along with their synergists (antimony trioxide and zinc-based substances), are highly toxic in nature as they produce harmful gases/fumes on exposure to fire. Apart from human health, halogenated flame retardants and some of their derivatives could also have harmful effects on the environment, especially if these pollutants accumulate beyond certain levels in vegetation and water sources. With the increasing environmental consciousness and growing popularity of and demand for flame retardants in almost every end-use industry, there is a need to switch to better alternatives that adhere to environmental regulations. This shift towards more environment-friendly alternatives will increase the demand for halogen-free flame retardants, which, in turn, will drive market growth.

Aluminum hydroxide is a low-cost mineral-based or inorganic halogen-free flame retardant. It is added physically into the polymer matrix, where the polymers processing temperature is below 200ºC. When exposed to a heat source, inflammable gases (for instance, carbon dioxide) and water are released. The large share of this market segment can primarily be attributed to the more effective properties and better stability of organophosphorus halogen-free flame retardants than aluminum-based halogen-free flame retardants.

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The halogen-free flame retardants market size is projected to reach USD 6.2 billion by 2025 from USD 4.1 billion in 2020, at a CAGR of 8.60%. stringent regulations against use of toxic halogenated flame retardants is expected to support the growth of the halogen-free flame retardants market. However, high loading level of mineral based flame retardants is restraining the growth of the market. On the other hand, the introduction of more efficient products has created opportunities for manufacturers.

Clariant AG (Switzerland), Lanxess AG (Germany), Israel Chemicals Ltd. (Israel), Nabaltec AG (Germany), and Huber Engineered Materials (US) are the major players in this market.

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Clariant AG is one of the the largest players in the halogen-free flame retardants market. It has a strong brand name in the industry. Clariant AG is a renowned leader in specialty chemicals. Its units are well managed in the following business areas-care chemicals, catalysis, and natural resources. The company has a vast product line, catering to a wide range of industries.

Israel Corporation Limited is also a large player in the halogen-free flame retardants market. Israel Chemicals Ltd. is a leading manufacturer of specialty fertilizers, phosphate products, and flame retardants. The company has four segments, namely, Industrial Products, Potash, Phosphate Solutions, and Innovative Agricultural Solutions. Its well-established distribution network and brand value serve as an important factor for its future growth prospects.

BASF SE is the second-largest player in the halogen-free flame retardants market. The company leverages digital technologies and data to create additional value-added services for its customers. BASF SE is focusing on enhancing its market reach by foraying into new markets. The company has launched new products to strengthen its product portfolio.

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