Press release
Global Flame Retardant Coating Additives Market Is Forecast To Witness A Positive Growth Of ~5% By 2029
"The global flame retardant coating additives market is in a nascent stage in the life cycle of the product, aided by regulations over traditional products," says the Fact.MR report.
๐ฟ๐ค๐ฌ๐ฃ๐ก๐ค๐๐ ๐๐๐๐ ๐๐๐ข๐ฅ๐ก๐ ๐พ๐ค๐ฅ๐ฎ ๐ค๐ ๐๐๐๐จ ๐๐๐ฅ๐ค๐ง๐ฉ: https://www.factmr.com/connectus/sample?flag=S&rep_id=4613
Prominent players with established market presence in flame retardant coating additives market are
โข Albemarle corporation
โข Israel chemicals,
โข Lanxess AG
โข Clariant AG
โข BASF S.E
โข Dow
โข DuPont
โข Nabaltec AG
โข Italmatch Chemicals.
Flame Retardant Coating Additives Market - Key Takeaways
โข The bromine segment holds a leading market share of more than 30% in the global flame retardant coating additives market.
โข Intermediate functions are projected to surpass 3%, with key applications in flame retardant production.
โข Phosphorus is set to rise at a sluggish 3% growth rate through the end of the assessment period.
โข Europe is a leading market, accounting for 20,000 tons of flame retardant coating additives of the global demand share, with major impetus arising from regional end use industry.
โข South Asia & East Asia is set to rise at a steady rate, due to limited demand in this region through 2029.
Flame Retardant Coating Additives Market - Key Driving Factors
โข The widespread use of bromine in flame retardant materials is driving the growth in flame retardant coating additives market.
โข Rising consumer consciousness to safeguard products from unanticipated fire hazards support growth of global market.
โข The rising efforts to develop and produce sustainable alternatives to conventional flame retardant coating additives has resulted in substantial application, bolstering growth.
โข Stakeholders are transitioning towards circular economy practices, which is propelling the flame retardant coating additives market.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/connectus/sample?flag=RC&rep_id=4613
Flame Retardant Coating Additives Market Segmentation
Fact.MR has studied the flame retardant coating additives market with detailed segmentation on the basis type, end-use and key regions.
By Type :
โข ATH
โข Antimony Oxide
โข Brominated
โข Chlorinated
โข Phosphorous
โข Zinc Sulfide
โข Zinc Oxide
โข Boron Compounds
By End-use :
โข Aerospace
โข Automotive and Transportation
โข Building and Construction
โข Electronics and Appliances
โข Furniture
โข Others
Flame Retardant Coating Additives Market - Key Constraints
โข A number of conventional flame retardant additives have been banned across North America owing to numerous severe health risks, which is impacting market growth.
โข The legal restrictions on the transportation of prohibited products over long distances, is also a challenge, particularly for new entrants.
Impact of COVID-19 on Flame Retardant Coating Additives Market
The outbreak of the coronavirus has been sending ripples across the global economy, and the consequences are already starting to be felt. The ban on travel, quarantines, social distancing practices, and import and export restrictions, are significantly affecting the flame retardant coating additives market in 2020. Europe - the leading regional market - being severely affected by the outbreak is hindering sales in the region on the back of the aforementioned factors.
Likewise, South Asia being the epicenter of the initial outbreak has stringent emergency regulations in place that are posing a challenge to efficient manufacturing due to the shortage of manpower and supply chain disruption due to travel restrictions. However, on the basis of containment of the outbreak, revamp in production in the upcoming quarters can cover the lost ground.
๐๐ฒ๐ ๐๐๐น๐น ๐๐ฐ๐ฐ๐ฒ๐๐ ๐ผ๐ณ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/checkout/4613
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About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.
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