Press release
Flame Retardants Market - Latest Trends and Future Growth Study 2022-2030
The phrase "flame retardant" describes a property, not a class of substances. Several distinct chemistries with various characteristics and molecular structures are used as flame retardants. These compounds are frequently mixed for efficiency.
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Flame retardants give consumers a crucial layer of fire protection, which can be crucial in lowering the hazards connected with fire. The four primary industries that employ flame retardants nowadays are electronics, building and construction materials, furniture, and transportation.
By 2030, it is predicted that the flame retardants market will reach $12,028.4 million. This can be attributed to developing end-use sectors, rising R&D activity, and technical breakthroughs.
Which Is the Largest Revenue Contributor Region?
Around 50% of the worldwide flame retardants market was accounted for by the APAC region, which is also expected to provide the most revenue for the industry in the future. This can be attributed to the region's active infrastructure development programs and fast burgeoning manufacturing sector.
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Additionally, APAC produces 70-75% of the world's electronics, making it the largest manufacturer in the world. A wide variety of electrical components are produced by Japan, South Korea, and China, and they are supplied to several businesses worldwide.
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