Halogen-Free Flame Retardants Market Emerging Trends, Competitive Strategies And Forecast By 2024-2033

The halogen-free flame retardants market size has grown rapidly in recent years. It will grow from $5.25 billion in 2023 to $5.82 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to environmental concerns, safety standards, consumer preferences, growth in construction industry, awareness in textile industry, research and development initiatives.

The halogen-free flame retardants market size is expected to see strong growth in the next few years. It will grow to $8.46 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to increasing stringency of regulations, rising focus on circular economy, growth in electrical and electronics (e&e) recycling, urbanization and infrastructure development, shift towards sustainable packaging, health and safety awareness. Major trends in the forecast period include increasing focus on safety in construction materials, rising demand in electronics and electrical applications, innovation in product formulations, research and development in bio-based flame retardants, collaborations and partnerships.

Market Overview -
Halogen-free flame retardants refer to a substance that lacks a certain group of halogen elements and is said to be halogen-free (fluorine, chlorine, bromine, iodine, and astat). In addition to poisonous gases that are hazardous to people, these fire components also cause metals to corrode.

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Environmental Concerns Drive Growth Of Halogen-Free Flame Retardants Market
Growing health concerns regarding the use of halogen-based flame retardants because of the polluted environment are expected to propel the growth of the halogen-free flame retardants market going forward. Several regulations are being introduced for the growing concerns regarding human health through environmental pollution, which had resulted in the ban of several halogen-based flame retardants across the world, and as a result, increases the demand for the halogen-free flame retardants market. For example, in February 2020, the European Union, a Europe-based supranational political and economic union (EU), approved Regulation (EU) 2019/2021, a set of rules. As of March 1, 2021, halogenated flame retardants were also prohibited from being used in plastic enclosures and stands for electronic displays. Therefore, growing health concerns regarding the use of halogen-based flame retardants because of the polluted environment drive the growth of the halogen-free flame retardants market.

Competitive Landscape -
Major companies operating in the halogen-free flame retardants market report are Clariant AG, LANXESS, J.M. Huber Corporation, Israel Chemicals Limited, Nabaltech AG, BASF SE, Italmatch Chemicals s.p.a., Dupont De Nemours Inc., Albemarle Corporation, Akzo Nobel N.V., Chemtura Corporation, DSM N.V., FRX Polymers Inc., Greenchemicals SpA, ICL Industrial Products, Jiangsu Yoke Technology Co. Ltd., Kisuma Chemicals, Kyowa Chemical Industry Co. Ltd., Lanpoly Chemical Industrial Co. Ltd., Nippon Carbide Industries Co. Inc., Oceanchem Group Limited, Sinochem Group, Sumitomo Chemical Co. Ltd., Thor Group Limited, Tosoh Corporation, Zhejiang Wansheng Co. Ltd., Presafer Uluslararası A.Ş., Budenheim Iberica S.L., Aurum Chemicals Corporation, AGC Chemicals Americas Inc.

Technological Advancements And Collaborative Innovation In Halogen-Free Flame Retardants Market
Technological advancement is a key trend in the halogen-free flame retardants market. Major companies in the halogen-free flame retardants market are advancing in their new technologies and research and developments halogen-free flame retardants market. For instance, in July 2022, BASF a Germany - based manufacturer and chemical producer, and THOR GmbH, a Germany-based manufacturer of chemical products, combined their expertise to introduce non -halogenated flame retardance additives- a vital component for plastic components or composites that are frequently used in transportation, construction, domestic, and industrial applications since unintentional exposure to heat and flame can cause catastrophic damage and put lives in danger. For polyolefins, which are traditionally a difficult flame resistance application, the combined flame-retardant additives offer customers and end users with the advanced benefits of BASF's halogen-free flame retardant Flamestab and THOR's phosphonates AFLAMMIT technology.

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Key Segments -
The halogen-free flame retardants market covered in this report is segmented -
1) By Type: Aluminum Hydroxide, Organophosphorous, Other Types
2) By Application: Polyolefins, Epoxy Resin, Unsaturated Polyester, Polyvinyl Chloride, Rubber, Engineered Thermoplastic, Styrenics, Other Applications
3) By End User: Textile, Transportation, Wires And Cables, Electrical And Electronics, Building And Construction

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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