Inorganic Flame Retardant Chemical Market Trends, Business Overview, Industry Growth and Forecast to 2031

The global inorganic flame retardant chemical market is expected to grow at a significant CAGR during the forecast period (2024-2031). 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.

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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

Segment Covered-
o By Type

o By Application

Regions covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- 3M Company, Adeka Corp., AkzoNobel N.V., Albemarle Corp., and Daihachi Chemical Industry Co. Ltd.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Inorganic Flame Retardant Chemical Market- Segmentation

By Type

Non-Halogenated Inorganic Flame Retardant Chemical
o Aluminium Hydroxide

o Magnesium Hydroxide

o Boron Compounds

Halogenated Inorganic Flame Retardant Chemical

By Application

Building and Construction
Electronics and Appliances
Wire and Cable
Automotive
Others


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