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Flame Retardants Market Size 2022: Companies Share, Industry Trends, Growth and Future Outlook 2027
Flame Retardants Market Report 2022-2027
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Flame retardants refer to chemicals that are utilized to stop, prevent, or slow down the combustion of flammable materials, such as wood, plastic, paper, rubber, etc. They are produced using organ halogens, organophosphates, and numerous active compounds, including bromine, chlorine, phosphorus, nitrogen, etc. Flame retardants find extensive applications in the manufacturing of automobile bumpers, overhead compartments, seat covers, electronic devices, furnishing products, etc. They are also used in electric cables, polystyrene and polyurethane insulation foams, building and construction materials, etc.
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Flame Retardants Market Trends and Drivers:
The growing product demand across several industries, such as automotive, electronics, construction, aviation, textile, etc., is primarily driving the flame retardants market. Furthermore, the increasing awareness among individuals and organizations regarding adequate fire management solutions to prevent fire accidents and property loss is also propelling the market growth. Besides this, the rising adoption of phosphorous-based flame retardants in rigid polyurethane foams is further augmenting the global market. Moreover, several innovations, including the development of halogen-free variants that are sustainable and safe for humans upon exposure, are catalyzing the market growth. In the coming years, the expanding chemical industry, coupled with the implementation of favorable fire safety regulations, is projected to fuel the flame retardants market.
Flame Retardants Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Almatis GmbH
BASF SE
Borealis GmbH (OMV Aktiengesellschaft)
Budenheim Ibérica S.L.U
Campine NV
Clariant AG
Dover Chemical Corporation (ICC Industries Inc.)
Dow Inc.
ICL Group Ltd
Lanxess AG
Otsuka Chemical Co. Ltd.
RTP Company (Miller Waste Mills Inc.).
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The report has segmented the market based on type, application and end use industry.
Breakup by Type:
Alumina Trihydrate
Brominated Flame Retardants
Antimony Trioxide
Phosphorus Flame Retardants
Others
Breakup by Application:
Unsaturated Polyester Resins
Epoxy Resins
PVC
Rubber
Polyolefins
Others
Breakup by End Use Industry:
Construction
Wires and Cables
Automotive and Transportation
Electrical and Electronics
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
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