Chlorinated Flame Retardants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Chlorinated flame retardants belong to a group of chemical compounds that are used as additives to suppress fire in plastics and other products. They are used to reduce the devastating effect of fire on environment and people. Flame retardants suppress fire in two ways: either they stop the process from starting or they gradually slow down the chemical reaction. They are mixed or chemically bonded with the base material. They do not modify the properties of the base material but delay the burning process by intervening in the fire cycle and hindering the chemical chain reaction. Increasing safety awareness regarding fire-proof products has led to growth of the chlorinated flame retardants market.

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Based on chemistry, the market for chlorinated flame retardants can be segmented into aromatic, aliphatic, and cycloaliphatic compounds. Based on application, the market has been segmented into polyvinyl chloride, polyefins, rubber, epoxy resins, and unsaturated polyesters. Based on the end–use, the market can be segregated into building & construction, electrical & electronics, textiles, and automotive.
The market for chlorinated flame retardants is anticipated to expand moderately during the forecast period, owing to the increasing awareness among consumers about fire-proof products. Another driver for this market is stringent safety regulations regarding fire safety across industries. However, stern government regulations regarding some of the chlorinated flame retardants such as polychlorinated biphenyl (PCB) are adversely affecting the market.

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Among chemistry segments, the aliphatic compounds segment held a significant share of the market in 2015. The segment is projected to expand at a moderate rate during the forecast period, owing to good thermal stability of chlorinated aliphatic compounds. They are used not only in polyefins and polyamides but also in the fabrics & paints industry. Rising use of polyefins in roofing, cables, and automotive products is likely to increase the demand for chlorinated flame retardants in the next few years. The market for unsaturated polyesters and polyvinyl chloride is expanding, due to their several applications in industries such as building & construction, automotive, and wires. A restraint for the chlorinated flame retardants market is high toxic levels of these flame retardants, which is the cause of bio-accumulation in plants and living beings. Availability of alternatives such as non-halogenated flame retardants are likely to hinder the growth of the market during the forecast period. High cost and high loading levels are factors anticipated to restrain the growth of the chlorinated flame retardants market during the same period.
Asia Pacific holds a significant share of the global chlorinated flame retardants market. The region is projected to offer immense growth potential for the market in the next few years. Increasing awareness among consumers regarding fire-safe products and growth of end-use industries in the region are estimated to drive the chlorinated flame retardants market in Asia Pacific. Due to rapidly expanding automotive and electronics industries in the region, demand for chlorinated flame retardants is expected to rise. High investments in the building & construction sector are likely to increase the demand for chlorinated flame retardants in the developing economies of Asia Pacific such as India and China. Asia Pacific is followed by Europe and North America, owing to the increasing awareness among consumers about fire-safe electronic products and the concern about safety of human health and environment in the two regions. The chlorinated flame retardants market in Middle East & Africa is anticipated to expand at a significant rate during the forecast period, owing to the robust manufacturing industry in the region.

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Key players operating in the chlorinated flame retardants market include Akzo Nobel N.V, Israel Chemicals Limited, Kisuma Chemicals, and Dover Chemical Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
• North America
• Asia Pacific
• Europe
• Latin America
• The Middle East and Africa
Companies in the Chlorinated Flame Retardants market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.

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