Flame Retardants Market | Key players operating in the market include Albemarle Corp, Clariant AG, Israel Chemicals, LANXESS AG, BASF SE

According to recent market research "Flame Retardants Market for Engineering Resins Market by Type (Brominated, Phosphorous), Application (PA, ABS, PET & PBT, PC, PC /ABS Blends), End-use (Electrical & Electronics and Automotive & Transportation) - Global Forecast to 2026", is projected to reach USD 2.3 billion by 2026, at a CAGR of 7.2% from USD 1.7 billion in 2021. Factors such as the growth of end-use industries and increasing fire safety regulations will drive the flame retardants market for the engineering resins market. The major restraint for the market will be environmental and health concerns and high loading levels associated with mineral-based flame retardants. However, the innovation in technology and the development of more effective synergist compounds for better performance will act as an opportunity for the market.

Browse 226 market data Tables and 62 Figures spread through 245 Pages and in-depth TOC on "Flame Retardants Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/flame-retardants-market-31577769.html

Brominated flame retardants is the largest type segment of the flame retardants market for the engineering resins market. North America was the largest market for flame retardants market for engineering resins in 2020, in terms of both volume and value. Factors such as the growth of end-use industries and increasing fire safety regulations will drive the flame retardants market for the engineering resins market.

The other flame retardants include antimony oxide, chlorinated flame retardants, and other flame retardants that are stable at high temperatures. They require less loading in the polymer blend and provide effective fire-retardant properties by either diluting the polymer by releasing water or forming an intumescent coating of char, resisting the expansion of flames. These chemicals have applications in building & construction, automobile & transportation, electronics, textiles, and wire & cable insulation segments. These flame-retardants are widely used as synergists with boron and zinc, providing enhanced properties to inhibit flames.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=31577769

The flame retardants market for engineering resins market size is estimated to be USD 1.7 billion in 2021 and is expected to reach USD 2.3 billion by 2026, at a CAGR of 7.2% during the forecast period. Factors such as the growth of end-use industries and increasing fire safety regulations will drive the flame retardants market for engineering resins market. The major restraint for the market will be environmental and health concerns and high loading levels associated with mineral-based flame retardants. However, the innovation in technology and the development of more effective synergist compounds for better performance will act as an opportunity for the market.

The key market players profiled in the report include Albemarle Corporation (US), Clariant AG (Switzerland), Israel Chemicals Ltd (Israel), LANXESS AG(Germany), BASF SE(Germany), Huber Engineered Materials (US), DuPont de Nemours (US), Nabaltec AG (Germany), Italmatch Chemicals S.p.A(Italy), RTP Company (US) and Budeheim Chemicals KG (Germany).

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=31577769

Clariant AG is one of the major players in the flame retardants market for engineering resins. In order to strengthen their product portfolio, the company is moving towards sustainable flame retardants in the construction application. For instance, in 2019, Company started developing oligomeric and reactive phosphorous compounds for polyurethane and polyisocyanurate and polyamides. In 2020, the company collaborated with Floreon to expand its high-performance biopolymer applications to additional markets. Company also collaborated with Lavergne and developed halogen free compounds from ocean bound plastics with a high-performance life for plastic waste. With these developments Clariant AG aims to become the global leader in flame retardants market for engineering resins market.

On the other hand, LANEXESS AG has launched new products in 2019, Phosphorus based flame retardants, a sustainable flame retardant used in the construction application. Company also acquired IPEL productos Especiais Ltd., a biocide manufacturer from Brazil which can enhance LANXESS’s position as one of the largest producers and manufacturers of speciality additives.
Another player, BASF SE, another major player in this market. In 2020, company launched phosphorous-based flame retardant, which are majorly used in construction industry, electrical & electronic applications. Company also aims to enhance its chemical production with its joint venture with Sinopec Group.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/flame-retardants.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/flame-retardants-market.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.