Global Flame Retardant Coating Additives Market Is Forecast To Witness A Positive Growth Of ~5% By 2029

The flame retardant coating additives industry is projected to reach a value of US$ 200 Mn by the end of 2020, with a healthy growth through the forecast period (2022 - 2029). The widespread use of bromine in flame retardant additive coating formulations is the key factor bolstering growth. The rising consciousness among consumers about safeguards against fire hazards support the flame retardant coating additives market. This promising growth outlook can be attributed to the regulations associated to conventional products, reveals Fact.MR in its new study.

"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.

𝘿𝙤𝙬𝙣𝙡𝙤𝙖𝙙 𝙁𝙍𝙀𝙀 𝙎𝙖𝙢𝙥𝙡𝙚 𝘾𝙤𝙥𝙮 𝙤𝙛 𝙏𝙝𝙞𝙨 𝙍𝙚𝙥𝙤𝙧𝙩: https://www.factmr.com/connectus/sample?flag=S&rep_id=4613

Prominent players with established market presence in flame retardant coating additives market are

• Albemarle corporation
• Israel chemicals,
• Lanxess AG
• Clariant AG
• BASF S.E
• Dow
• DuPont
• Nabaltec AG
• Italmatch Chemicals.

Flame Retardant Coating Additives Market - Key Takeaways

• The bromine segment holds a leading market share of more than 30% in the global flame retardant coating additives market.
• Intermediate functions are projected to surpass 3%, with key applications in flame retardant production.
• Phosphorus is set to rise at a sluggish 3% growth rate through the end of the assessment period.
• 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.
• 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

• The widespread use of bromine in flame retardant materials is driving the growth in flame retardant coating additives market.
• Rising consumer consciousness to safeguard products from unanticipated fire hazards support growth of global market.
• The rising efforts to develop and produce sustainable alternatives to conventional flame retardant coating additives has resulted in substantial application, bolstering growth.
• Stakeholders are transitioning towards circular economy practices, which is propelling the flame retardant coating additives market.

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: 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 :

• ATH
• Antimony Oxide
• Brominated
• Chlorinated
• Phosphorous
• Zinc Sulfide
• Zinc Oxide
• Boron Compounds

By End-use :

• Aerospace
• Automotive and Transportation
• Building and Construction
• Electronics and Appliances
• Furniture
• Others
Flame Retardant Coating Additives Market - Key Constraints

• A number of conventional flame retardant additives have been banned across North America owing to numerous severe health risks, which is impacting market growth.
• 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.

𝗚𝗲𝘁 𝗙𝘂𝗹𝗹 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝗳 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: 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.

This release was published on openPR.