Inorganic Flame Retardant Chemical Market Is Expected to Exhibit Significant Growth Over 2031 3M Company, Adeka Corp., AkzoNobel N.V., Albemarle Corp., and Daihachi Chemical Industry Co. Ltd.

Inorganic flame retardant chemical market is expected to grow at a significant CAGR during the forecast period. The major factors contributing to the growth of the market include the rising application in the building and construction industry due to stringent safety regulations. According to the United States Fire Administration and the National Fire Protection Association (NFPA), 1.3 million fires were recorded in the US in 2019, resulting in 3,700 human fatalities, 16,600 civilian injuries, and $14.8 billion in property damage. 

Flame retardants are especially crucial nowadays, as high amount of electrical and electronic equipment in today's buildings, along with a higher volume of combustible materials, might raise the risk of fire. Flame retardants can be found in a range of building and construction materials used in houses, workplaces, and public facilities, such as schools and hospitals, to improve fire safety. Flame retardants are the chemicals that are added to thermosensitive materials such as wood, plastic, rubber, fibers, etc. to make prevent them from catching fire or spreading fire. Nitrogen, graphite, silica, and inorganic phosphates, and poly phosphate-based products are included in inorganic flame retardant chemicals. Furthermore, the demand for inorganic flame retardant chemicals in electrical and electronic devices is boosting the growth of the market.

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Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Type
By Application

Regions covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- 3M Company, Adeka Corp., AkzoNobel N.V., Albemarle Corp., and Daihachi Chemical Industry Co. Ltd.

Inorganic Flame Retardant Chemical Market- Segmentation

By Type                                                            

Non-Halogenated Inorganic Flame Retardant Chemical

Aluminium Hydroxide 
Magnesium Hydroxide
Boron Compounds

Halogenated Inorganic Flame Retardant Chemical

By Application

Building and Construction
Electronics and Appliances
Wire and Cable
Automotive
Others

A full Report of Inorganic Flame Retardant Chemical Market is Available at:  https://www.omrglobal.com/industry-reports/inorganic-flame-retardant-chemical-market

 Inorganic Flame Retardant Chemical Market-By region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

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