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Flame Retardants Market worth $13.26 billion by 2030, growing at a CAGR of 7.12% - Exclusive Report by 360iResearch
Flame Retardants Market | 360iResearch
The Global Flame Retardants Market to grow from USD 8.19 billion in 2023 to USD 13.26 billion by 2030, at a CAGR of 7.12%.
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Flame retardants are a class of chemicals broadly used in various industries to mitigate and prevent the devastating impacts of fire on objects and environments. These unique chemicals are incorporated into or treated on numerous materials, including plastics, textiles, and electronic devices. Meanwhile, stringent government regulations for fire safety boost the demand for flame retardants. Additionally, the increasing adoption of advanced fireproof chemicals in defense and military sectors propels the growth of flame-retardant landscapes. However, the fluctuation in the prices of raw materials and the environmental impact of flame retardants is a significant challenge for manufacturers and providers. Companies are continuously working towards building a strong supply chain channel and adhering to the regulations imposed by the several government bodies to remain agile within the evolving industry spaces. Moreover, advancements in flame retardant materials and solutions, along with their expanding uses in oil and gas processing, impacted the future growth of flame retardants.
In America, countries including the United States and Canada contribute significantly to the global flame retardant market owing to stringent regulations enforced by entities. The defense and military sector's strong presence also contributed to the flame-retardant landscapes in this region. Furthermore, Europe has also substantially contributed to the flame retardant market due to prominent end-use sectors such as electronics and automotive industries. Countries such as Germany, France, and the United Kingdom have adopted rigorous fire safety standards, driving this region's demand for flame retardants. At the same time, the Middle East & Africa region shows a progressive market trend, with forthcoming construction industry opportunities. Moreover, Asia Pacific is set to witness the highest growth rate due to the countries, including China, India, and Japan, are the forerunners in this region. With burgeoning industries such as textiles and consumer electronics, the demand for flame retardants is anticipated to surge in recent years in this region.
Market Segmentation & Coverage:
This research report categorizes the Flame Retardants Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Halogenated and Non-Halogenated. The Halogenated is further studied across Aluminum Hydroxide, Magnesium Dihydroxide, and Organophosphorus. The Non-Halogenated is further studied across Antimony Oxide, Boron Based, Brominated, and Chlorinated. The Halogenated is projected to witness significant market share during forecast period.
Based on Application, market is studied across ABS & blends, Epoxy, Polyolefins, Polystyrene, Polyurethane, Polyvinyl chloride, and Unsaturated polyesters. The Unsaturated polyesters is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Automotive & Transportation, Defense, Electronics, and Industrial. The Automotive & Transportation is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.12% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Flame Retardants Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Flame Retardants Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Flame Retardants Market, highlighting leading vendors and their innovative profiles. These include Akzo Nobel N.V., Albemarle Corporation, Amfine Chemical Corporation, BASF SE, Celanese Corporation, Chemtura Corporation, Clariant AG, DIC Corporation, Dow Chemical Company, DuPont de Nemours, Inc., Greenchemicals S.r.l., ICL Group, Italmatch Chemicals S.p.A., J.M. Huber Group, K.D. Feddersen Holding GmbH, Kisuma Chemicals B.V., Koninklijke DSM N.V., Lanxess AG, MPI Chemie B.V., Nabaltec AG, Niknam Chemicals Private Limited, NYACOL Nano Technologies, Inc., Presafer (Qingyuan) Phosphor Chemical Company Limited, RTP Company, Inc., THOR Group Ltd., TOR Minerals International Inc., Tosoh Corporation, UFP Industries, Inc., and Weifang Mingrun Chemical Co.,Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Flame Retardants Market, by Product
7. Flame Retardants Market, by Application
8. Flame Retardants Market, by End-User
9. Americas Flame Retardants Market
10. Asia-Pacific Flame Retardants Market
11. Europe, Middle East & Africa Flame Retardants Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Flame Retardants Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Flame Retardants Market?
3. What is the competitive strategic window for opportunities in the Flame Retardants Market?
4. What are the technology trends and regulatory frameworks in the Flame Retardants Market?
5. What is the market share of the leading vendors in the Flame Retardants Market?
6. What modes and strategic moves are considered suitable for entering the Flame Retardants Market?
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