Flame Retardants Market Trends, Business Strategies and Opportunities with Key Players Analysis 2030

Technological advancements, rise in R&D activities, and surge in applications in the construction and electronics sector drive the growth of the global flame retardants market. However, rise in environmental & health issues associated with the use of flame retardants restrain the market growth. On the other hand, surge in number of regulations about fire and safety creates new opportunities in the coming years.

A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.

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The global flame retardants industry generated $7.4 billion in 2020, and is expected to reach $14.0 billion by 2030, witnessing a CAGR of 6.6% from 2021 to 2030.

The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.

Based on type, the antimony trioxide segment held the highest market share in 2020, accounting for nearly one-third of the global flame retardants market, and is projected to continue its lead position in terms of revenue throughout the forecast period. This is due to its combination with halogenated compounds that serves as an excellent flame retardant for usage in a wide range of sectors including construction, oil & gas, chemical manufacturing, and others. However, the alumina trihydrate segment is projected to witness the largest CAGR of 6.8% from 2021 to 2030, owing to its high loading and smoke suppressing properties and rise in adoption in several end use sectors.

The Flame retardants market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.

Flame Retardants Companies Covered Market: Albemarle Corporation, BASF SE, DOW, Eastman Chemical Company, Hangzhou Lingrui Chemical Co. Ltd., Hongbaoli Group Co. Ltd., Huntsman International Llc, Lanxess, Muby Chemicals and Other.

Based on end-use industry, the electronics segment contributed to the highest market share in 2020, accounting for nearly two-fifths of the global flame retardants market, and is projected to maintain its lead position during the forecast period. Moreover, this segment is projected to manifest the fastest CAGR of 7.0% from 2021 to 2030. This is attributed to increase in technological advancements and R&D activities that led the electronics sector. Moreover, the adoption of flame retardants increased to keep any chemicals from seeping into the environment or possibly causing health repercussions for consumers. The research also analyzes the segments including construction, automotive and transportation, and others.

Analysis of COVID-19 impact:

The outbreak of the pandemic has had a massive impact on the majority of industries and the Flame retardants market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Flame retardants market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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