Know how much kilo tons of flame retardant was sold by Albemarle in the global flame retardant market

Construction sector have been always focusing on building structure and safety, one of the popular regulations that plays a significant role within the market structure is the fire and safety measures. With the increasing adoption of wood for construction purpose, the scope of fire retardant type rises, thereby elevating the market level. Wood is an ideal construction material in areas prone to high-wind. Its elastic limit and ultimate strength are higher when loads are applied for a short time, which tends to be the case in high wind events.

Albemarle has generally seen solid growth over the past five years. Sales are up 27% since 2015 ad net income increased about 60%.
In 2019, the company reported revenue of $3.6 billion, up 6% from the prior year. All three reportable segments grew, powered by higher volumes, favorable pricing impacts, and favorable currency exchange.

Net income decreased by 23% to $533.2 million. The decrease primarily due to gain related to the Polyolefin Catalysts Divestiture in 2018 and increased charges resulting from the acquisition of a 60% interest in the Wodgina Project during 2019, as well as other items noted above.

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The report covers forecast and analysis for the Flame Retardant market on a global and regional level. The study provides historic data of 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue & volume (USD million). 2019 is considered as a base year for the report. The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Flame Retardant market on a global level and regional levels.

In order to give the users of this report a comprehensive view on the Flame Retardant market, we have included a detailed competitive scenario, and service portfolio of key vendors. To understand the competitive landscape in the market, an analysis of porter’s five forces model for the Flame Retardant market has also been included. The study encompasses a market attractiveness analysis, wherein each segment is benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view on the Flame Retardant market by segmenting the market based on the Type, product, application and end user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, South America, and Middle East & Africa.
The report covers a detailed competitive outlook including company profiles of the key participants operating in the global Flame Retardant market.

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