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Flame Retardants Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Flame Retardants Market
Flame Retardants Market Size, Growth Rate, And Forecast
The global flame retardants market size is expected to grow from $7.49 billion in 2022 to $7.99 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The flame retardants market size is expected to grow to $10.13 billion in 2027 at a CAGR of 6.1%.
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Flame Retardants Market Drivers
The increasing demand for electronic products will drive the flame retardants market going forward. The demand for electronics is rising due to technological advancements, fast replacement cycles, growing disposable income, and changing consumer preferences. During manufacturing, flame retardants are chemically adhered to the circuit boards of electronics, preventing any chemicals from leaching into the environment or potentially harming users' health.
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Flame Retardants Market Segments
• By Type: Alumina Trihydrate, Brominated Flame Retardants, Antimony Trioxide, Phosphorous Flame Retardants, Other Types
• By Application: Unsaturated Polyester Resins, Epoxy Resins, PVC, Rubber, Polyolefins, Other Applications (Engineering Thermoplastics and PET)
• By End User: Construction, Automotive and Transportation, Electronics, Other End-Users (Textiles, Aerospace, and Adhesives)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the flame retardants market.
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Flame Retardants Market Key Players
Major competitors in the flame retardants market include Clariant AG, Lanxess AG, BASF SE, ICL Group Limited, Albemarle Corporation, Huber Engineered Materials, Italmatch Chemicals SPA, Nabaltec AG
The Business Research Company's "Global Flame Retardants Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Flame Retardants Market Include:
1. Executive Summary
2. Flame Retardants Market Characteristics
3. Flame Retardants Market Trends And Strategies
4. Flame Retardants Market - Macro Economic Scenario
5. Flame Retardants Market Size And Growth
……
26. Africa Flame Retardants Market
27. Flame Retardants Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Flame Retardants Market
29. Flame Retardants Market Future Outlook and Potential Analysis
30. Appendix
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