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Halogen-Free Flame Retardants Market to Surpass $9.11 Billion by 2029 | Key Trends & Insights
Halogen-Free Flame Retardants
How Will the Halogen-Free Flame Retardants Market Grow by 2025 in Terms of Size and Growth?
The market size for halogen-free flame retardants has seen a robust growth in the past few years. The market is forecasted to expand from $5.78 billion in 2024 to $6.31 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.0%. Factors such as environmental apprehension, safety regulations, consumer choices, advancements in the construction sector, consciousness in the textile industry, and research and development ventures have all contributed to the growth witnessed in the historical period.
What Are the Estimated Growth Rates for the Halogen-Free Flame Retardants Industry Through 2029?
The market for halogen-free flame retardants is predicted to witness considerable expansion in the forthcoming years. With an anticipated compound annual growth rate (CAGR) of 9.6%, the market is forecasted to reach $9.11 billion by the year 2029. Several factors are aligned to spur this anticipated growth, including stricter regulations, growing emphasis on a circular economy, increase in electronics and electrical (E&E) recycling, urbanization and infrastructure development, a shift toward sustainable packaging methods, and enhanced health and safety awareness among individuals and organizations. Key trends for the predicted period encompass a heightened focus on safety of construction materials, a surge in demand in the electronics and electrical domains, advancements in product formulas, extensive research and development in the field of bio-based flame retardants, and collaborations and partnerships within the industry.
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What Are the Strategic Drivers Boosting Halogen-Free Flame Retardants Market Performance?
The escalating worries about health due to the consumption of halogen-based flame retardants in a polluted environment are predicted to spur the progress of the halogen-free flame retardants market. Various regulations have been implemented due to increasing apprehension about human health risks from environmental pollution, leading to the prohibition of several halogen-based flame retardants globally, thereby augmenting the demand for the halogen-free flame retardants market. For instance, The Copernicus Climate Change Service, a European agency, reported in its ERA5 dataset that a new global daily average high temperature of 17.16°C was set on July 4, beating the former record of 17.09°C achieved a day before on July 21, 2024, and the 17.08°C record from the prior year on July 6, 2023. Hence, the escalating health concerns due to the consumption of halogen-based flame retardants in a polluted environment are fuelling the halogen-free flame retardants market's expansion.
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What Are the Segments in the Halogen-Free Flame Retardants Market?
The halogen-free flame retardants market covered in this report is segmented -
1) By Type: Aluminum Hydroxide, Organophosphorus, Other Types
2) By Application: Polyolefins, Epoxy Resin, Unsaturated Polyester, Polyvinyl Chloride, Rubber, Engineered Thermoplastic, Styrenics, Other Applications
3) By End User: Textile, Transportation, Wires And Cables, Electrical And Electronics, Building And Construction
Subsegments:
1) By Aluminum Hydroxide: Micronized Aluminum Hydroxide, Non-Micronized Aluminum Hydroxide
2) By Organophosphorus: Phosphate Esters, Phosphonates, Phosphinates
3) By Other Types: Magnesium Hydroxide, Intumescent Flame Retardants, Silicate-Based Flame Retardants, Natural Fiber-Based Flame Retardants
What Are the Key Adoption Trends in the Halogen-Free Flame Retardants Market?
The advancement in technology is one significant trend in the halogen-free flame retardants market. Key players in the market are making progress in crafting innovative technologies, conducting research, and developing the halogen-free flame retardants field. An example of this is when BASF, a chemical manufacturer based in Germany, collaborated with THOR GmbH, also a Germany-based chemical products manufacturer, in July 2022. The collaboration aimed to create non-halogenated flame resistance additives, a crucial element for plastic components and composites commonly utilized in industries like transportation, construction, domestic, and industrial due to the potential risk of accidental heat or flame exposure that could cause severe damage and endanger lives. These combined flame retardant additives provide customers and end-users with enhanced benefits from BASF's halogen-free flame retardant Flamestab and THOR's phosphonates AFLAMMIT technology, particularly for polyolefins, which traditionally pose challenges in flame resistance applications.
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Which Companies Lead the Competitive Landscape of the Halogen-Free Flame Retardants Industry?
Major companies operating in the halogen-free flame retardants market are Clariant AG, LANXESS, J.M. Huber Corporation, Israel Chemicals Limited, Nabaltech AG, BASF SE, Italmatch Chemicals s.p.a., Dupont De Nemours Inc., Albemarle Corporation, Akzo Nobel N.V., DSM N.V., FRX Polymers Inc., Greenchemicals SpA, ICL Industrial Products, Jiangsu Yoke Technology Co. Ltd., Kisuma Chemicals, Kyowa Chemical Industry Co. Ltd., Lanpoly Chemical Industrial Co. Ltd., Nippon Carbide Industries Co. Inc., Oceanchem Group Limited, Sinochem Group, Sumitomo Chemical Co. Ltd., Thor Group Limited, Tosoh Corporation, Zhejiang Wansheng Co. Ltd., Presafer Uluslararası A.Ş., Budenheim Iberica S.L., Aurum Chemicals Corporation, AGC Chemicals Americas Inc.
Where Are the Key Halogen-Free Flame Retardants Market Opportunities by Region?
North America was the largest region in the halogen-free flame retardants market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the halogen-free flame retardants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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