Flame Retardants Industry Report 2023-2030: Expansion into Emerging Markets Generates New Growth Opportunities

Allied Market Research recently published a report titled, "Flame Retardants Market by Type (Alumina Trihydrate, Brominated Flame Retardants, Antimony Trioxide Phosphorus Flame Retardants, and Others), Application (Unsaturated Polyester Resins, Epoxy Resins, Polyvinyl Chloride (PVC), Rubber, and Polyolefins), and End-use Industry (Construction, Automotive & Transportation, and Electronics): Global Opportunity Analysis and Industry Forecast, 2021-2030." According to the report, the global flame retardants market generated $7.4 billion in 2020 and is projected to reach $14.0 billion by 2030, growing at a CAGR of 6.6% from 2021 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/1895

Market Drivers, Restraints, and Opportunities

The market is driven by technological advancements, increased R&D efforts, and a surge in applications in sectors like construction and electronics. However, concerns over environmental and health risks associated with flame retardants are limiting market growth. On the other hand, growing regulations around fire safety present new opportunities for market expansion in the coming years.

Segment Highlights

Antimony Trioxide: This segment dominated the market in 2020, accounting for nearly one-third of total revenue. Its combination with halogenated compounds makes it a highly effective flame retardant used across sectors such as construction, oil & gas, and chemical manufacturing.

Alumina Trihydrate: This segment is expected to witness the fastest growth, with a CAGR of 6.8% from 2021 to 2030. Its smoke suppression capabilities and adoption in various industries drive this growth.

End-Use Industry Insights

The electronics sector held the largest market share in 2020, contributing nearly two-fifths of the global flame retardants market. It is also expected to grow at the highest CAGR of 7.0% through 2030, driven by technological advancements and increased R&D efforts. Flame retardants are increasingly used in electronics to prevent chemicals from leaching into the environment or causing potential health hazards.

Regional Outlook

Asia-Pacific, followed by Europe and North America, was the largest market in 2020, accounting for nearly two-fifths of the global market revenue. The region is expected to maintain its dominance, registering the highest CAGR of 7.4% through 2030, driven by the growing demand for flame retardants in industries such as construction, automotive, electronics, and textiles.

Leading Market 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

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/flame-retardants-market

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