Flame Retardant Chemicals Market by upping the CAGR by 8.0% during the given forecast period 2017-2022

The Global Flame Retardant Chemicals Market was valued at USD XX.XX in 2015 and is projected to reach USD XX.XX by 2020, at a CAGR of XX.XX% during the forecast period from 2015 to 2020. Flame-retardants are compounds added to or applied in surface treatment of potentially flammable materials, including textiles and plastics.

They inhibit, delay production of, or suppress flames to curb the spreading of fire. With 47.0% of the global market share, Asia-Pacific is the largest market for flame-retardants and it is also the fastest-growing market, which is principally driven by China. The second largest market is North America, which is closely followed by Europe.

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The global flame retardant chemicals market is segmented on the basis of end-use application into electrical & electronics, building insulation, wire & cable, automotive, textiles, and others. On the basis of type, the market has been segmented into inorganic compounds (aluminium hydroxide, magnesium hydroxide, zinc borate and stannate, antimony oxides), brominated, chlorinated, nitrogen based, phosphorous based, nanocomposites, and others.

On the basis of geography, the market has been segmented into Asia-Pacific (China, India, Japan, others), Europe (Germany, Russia, France, United Kingdom, Italy, others), North America (USA, Canada, Mexico), and the Rest of the World (Brazil).

The electronic & electrical appliances along with wire & cable are the fastest-growing markets; this growth can be credited to the global rise in the demand for consumer electronics goods. This rise in demand helps the flame-retardants market by upping the CAGR by 8.0% during the given forecast period. The automotive flame-retardant market is expected to grow with the growth of the automotive industry in Asia-Pacific.

Increasing economic prosperity worldwide, especially in emerging economies, has helped in shifting the preference towards low-risk fire resistant materials. The demand for flame-retardants is in correspondence to GDP growth. A high GDP growth correlates to the high construction activities and the rise in the standard of living of people. The emergence of stringent fire safety standards and legislations across Europe, North America, and the BRICS countries acts as a major growth driver for the global flame-retardants market.

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By composition, the key flame-retardants in the Asia-Pacific market are aluminium hydroxide, halogenated compounds, organophosphorus, nitrogen based compounds, inorganic compounds, and organic compounds, such as nanocomposites and expandable graphite. Aluminium hydroxide is the most widely used and is a fast growing segment owing to its low adverse health effects and effectiveness as a smoke suppressant.

Halogenated flame-retardants, which occupy about 30.0% of the global market share, are facing reduced dependence and a gradual phasing out, due to their unfavourable health effects and emergence of alternative raw materials including metal hydroxides. In Europe, the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) and the EU Directive on the Restriction of Hazardous Substances Directive (RoHS) has banned several halogenated compounds and other materials from use as additives in plastics.

In the US, the EPA probes the health and environmental effects of several chemicals but lacks sufficient power to ban them. However, several harmful chemicals have been restricted through legislations in various countries or have been voluntarily phased out by manufacturers due to their health concerns.

The major players in this market are BASF SE, AkzoNobel N. V., Clariant AG, and DuPont among others.

Key Deliverables in the Study

Market analysis for the Global Flame Retardant Chemicals Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global flame retardant chemicals market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

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