Press release
Flame Retardants Market Report 2024-2033 - Key Trends and Growth Analysis
Flame Retardants Market Report
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=8141&type=smp
According to The Business Research Company's, The flame retardants market size has grown strongly in recent years. It will grow from $7.94 billion in 2023 to $8.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to consumer goods manufacturing, safety concerns in transportation, awareness of fire hazards, electronics industry growth, stringent fire safety regulations.
The flame retardants market size is expected to see strong growth in the next few years. It will grow to $10.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rapid urbanization, increasing electronic device usage, demand for environmentally friendly flame retardants, global efforts to reduce fire incidents. Major trends in the forecast period include advancements in nanotechnology, demand in automotive applications, collaborations for research and development, consumer awareness and product labeling, use in textiles and upholstery, global expansion and market penetration.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/flame-retardants-global-market-report
Market Drivers and Trends:
The increasing growth of the construction industry is expected to propel the growth of the flame retardant market in the coming years. The construction business includes a wide range of operations that involve the organizing, development, design, and infrastructure, and buildings. Flame retardants play a crucial role in enhancing fire safety within the construction industry, as they are incorporated into various materials and products to reduce the risk of ignition, slow down the spread of flames, and decrease smoke production. For instance, in November 2023, according to the U.S. Census Bureau, a US-based principal organization within the US Federal Data System responsible for generating population and economic data, the predicted seasonally adjusted annual rate of construction spending in September 2023 was $1,996.5 billion, which represents an increase of 8.7 percent (±1.8 %) over the September 2022 projected amount of $1,836.9 billion. Therefore, the increasing growth of the construction industry is driving the flame retardant market.
Product innovations have emerged as the key trend gaining popularity in the flame retardants market. Major companies operating in the flame retardants sector are focused on developing innovative products to meet customer demand. For instance, in November 2021, Italmatch Chemicals S.p.A., an Italy-based flame retardants company, launched 'Liquid Masteret,' a new phosphorus-based flame retardant. The business introduced its concentrated mixtures of micro-encapsulated and stabilized red phosphorus (RP). The product is utilized in the transportation, electrical & electronics, and construction industries, particularly when halogen is not recommended because of the very corrosive smoke it produces in the event of a fire.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
BASF SE, ICL Group Limited, Albemarle Corporation, J.M. Huber Corporation, Italmatch Chemicals S.p.A., Nabaltec AG, Du Pont de Nemours and Company, Koninklijke DSM NV, Israel Chemicals Limited, Budenheim Chemicals KG, Eastman Chemical Company, Hangzhou Lingrui Chemical Company Limited, Hongbaoli Group Company Limited, Huntsman International LLC, Apexical Inc., Daihachi Chemical Industry Co. Ltd., DIC Corporation, Dow Chemical Company, Nyacol Nano Technologies Inc., Rinkagaku Kogyo Co. Ltd., RTP Company, Sanwa Chemical Co. Ltd., Shandong Brother Sci. & Tech. Co. Ltd., Tor Minerals International Inc., Tosoh Corporation, UFP Industries Inc., Lubrizol Corporation, Akzo Nobel NV, Broadview Technologies Inc., Chemtura Corporation, Clariant International Ltd., Rio Tinto Group Corp., Sinopec Shanghai Petrochemical Company Limited
Flame Retardants Market 2024 Key Insights:
• The flame retardants market size is expected to see strong growth in the next few years. It will grow to $10.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• Flame Retardants Market Set To Surge Driven By Soaring Demand For Electronic Products
• Innovative Trends Ignite Growth Flame Retardants Market Surges With Cutting-Edge Product Developments
• Asia-Pacific was the largest region in the flame retardants market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=8141&type=smp
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Flame Retardants Market Report 2024-2033 - Key Trends and Growth Analysis here
News-ID: 3743199 • Views: …
More Releases from The Business research company
Surgical Meshes Market Landscape to 2034: Key Forces Shaping the Next Decade of …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Surgical Meshes Market Size By 2025?
In the past few years, the market size of surgical meshes has seen significant growth. It is projected to expand from $2.03 billion in 2024 to $2.18 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 7.3%.…
Rehabilitation Equipment Market Poised to Hit $23.97 Billion by 2029 with Accele …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Rehabilitation Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant growth in the size of the rehabilitation equipment market. Projected to increase from $17.36 billion in 2024, it is expected to reach $18.49 billion in 2025, with a compound annual…
Future of the Pediatric Neurology Device Market: Strategic Analysis and Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Pediatric Neurology Device Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for pediatric neurology devices has seen significant expansion in recent years, climbing from $2.5 billion in 2024 to an anticipated $2.65 billion in 2025, reflecting a compound annual growth rate (CAGR)…
Key Trends Influencing the Growth of the Orthokeratology Lens Market in 2025: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Orthokeratology Lens Market Through 2025?
The market for orthokeratology lenses has seen a significant increase in size over recent years. It's projected to expand from $2.56 billion in 2024 to $2.75 billion in 2025, with a compound annual growth rate (CAGR) of…
More Releases for Flame
Emerging Trends Influencing The Growth Of The Flame Arrestor Market:New Product …
The Flame Arrestor Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Flame Arrestor Market Size Expected to Be by 2034?
In recent years, the flame arrestor market has seen substantial growth. The market, which stood at $5.49 billion in 2024, is predicted…
Flame Proof Lighting Market by Product Type (Flame Proof Fluorescent Lighting, L …
Flame proof lightning is popularly known as intrinsically safe and lights hazard location lighting. These lighting systems are commonly used in areas where flammable petrochemical pulverized dust and vapors have potential to exist, such as, gas and oil industry, where volatile and highly flammable matters are handled. Flame proof lightning systems have a long duration working potential without any start up complications or production of heat. In addition, flame proof…
Global Flame Retardants Market Witnesses Vivid Opportunities due to Increase in …
At present, the global flame retardants market witnesses vivid opportunities due to the increase in demand for flame retardant chemicals in a wide number of end use industries. Flame retardants such as polyolefin nanocomposites find major use in the automotive industry and other end user industries such as packaging, building and construction, appliances, electrical and electronics, tools and sporting equipment.
Flame Retardants Market Report, published by Allied Market Research, projects that…
Flame Proof Lighting Market by Product Type (Flame Proof Fluorescent Lighting, L …
Flame proof lightning is popularly known as intrinsically safe and lights hazard location lighting. These lighting systems are commonly used in areas where flammable petrochemical pulverized dust and vapors have potential to exist, such as, gas and oil industry, where volatile and highly flammable matters are handled. Flame proof lightning systems have a long duration working potential without any start up complications or production of heat. In addition, flame proof…
Flame Retardant Fabric Market Report 2018: Segmentation by Product (Inherent Fla …
Global Flame Retardant Fabric market research report provides company profile for SSM Industries, Carrington, Klopman, Trevira, Gore, Safety Components, Delcotex, ITI, Milliken, Tencate, Dupont, Mount Vernon and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025,…
Global Flame Retardant Fabric Market 2017 - Leading Manufacturers Analysis in Fl …
Worldwide Flame Retardant Fabric 2017 Research Report presents a professional and complete analysis of Global Flame Retardant Fabric Market on the current situation.
In the first part, the report provides a general overview of the Flame Retardant Fabric industry 2017 including definitions, classifications, Flame Retardant Fabric market analysis, a wide range of applications and Flame Retardant Fabric industry chain structure. The 2017's report on Flame Retardant Fabric industry offers the global…
