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Flame Retardants Market Growth Analysis 2024 | Global Industry Developments, Market Size, Competitive Landscape and Forecast to 2030
Flame Retardants Market
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Publisher: Allied Market Research
Market Size:
2020: $7.4 billion
2030: $14.0 billion
CAGR: 6.6% (2021-2030)
Market Dynamics
Drivers:
- Technological Advancements: Continuous innovations in flame retardant technologies.
- R&D Activities: Increased focus on developing efficient and safe flame retardants.
- Application Expansion: Growing use in construction and electronics sectors.
Restraints:
Environmental & Health Concerns: Risks associated with certain flame retardants can hinder market growth.
Opportunities:
Regulatory Changes: New fire and safety regulations are likely to boost demand for flame retardants.
Segment Analysis
By Type:
- Antimony Trioxide: Held nearly one-third market share in 2020; dominant through 2030.
- Alumina Trihydrate: Expected to have the highest CAGR (6.8%) due to its high loading capacity and smoke suppression.
By Application:
- Unsaturated Polyester Resins
- Epoxy Resins
- Polyvinyl Chloride (PVC)
- Rubber
- Polyolefins
- By End-use Industry:
Electronics: Largest share in 2020, projected fastest CAGR (7.0%); driven by technological advancements and increased R&D.
- Construction
- Automotive & Transportation
- Regional Insights
Asia-Pacific: Leading region in 2020; expected to maintain dominance with the fastest CAGR (7.4%) through 2030. Key drivers include demand in construction, automotive, electrical & electronics, and textiles.
Leading Players
- Albemarle Corporation
- BASF SE
- DOW
- Eastman Chemical Company
- Hangzhou Lingrui Chemical Co. Ltd.
- Hongbaoli Group Co. Ltd.
- Huntsman International LLC
- Lanxess
- Muby Chemicals
- Sasol
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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