Halogen-Free Flame Retardants Market Estimated Growth Trends, Size, Share And Analysis Report 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Halogen-Free Flame Retardants Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $4.01 billion In 2028 At A CAGR Of 9.9% :

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.

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Halogen-Free Flame Retardants Market Major 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 Driver - 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.

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Prominent Trend - 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.

Halogen-Free Flame Retardants Market Players
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.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the halogen-free flame retardants market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the halogen-free flame retardants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Halogen-Free Flame Retardants Market Report Structure
3. Halogen-Free Flame Retardants Market Trends And Strategies
4. Halogen-Free Flame Retardants Market - Macro Economic Scenario
5. Halogen-Free Flame Retardants Market Size And Growth
…..
27. Halogen-Free Flame Retardants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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