Non-Halogenated Flame Retardants Market Analysis Report & Opportunities: industry to grow over 8% from 2016 to 2024.

North America non-halogenated flame retardants market size, led by U.S., will surpass USD 1.3 billion in 2015. Federal government guidelines laid down by the Environment Protection Agency will stimulate sales of bio based products and limit brominated and chlorinated fire suppressors demand. In 2015, North America electrical industry used more than 100 kilos ton fire suppressants.

Non-halogenated flame retardants market is likely to experience remarkable growth prospects, as per statistics, possibly owing to the extensive usage of the product across the construction and automotive sectors. Polymers are abundantly used in automobiles to reduce the overall weight of the vehicle. In addition, they also help enhance the vehicle’s efficiency. However, it is common knowledge that a polymer component is likely to catch fire subject to excessive heating.

In order to avoid such fatalities, it is recommended that non-halogenated flame retardants be used in automotive parts, thereby stimulating the business trends. Growing awareness among the consumers across the globe about toxicity will also positively influence Non-halogenated flame retardants industry size. According to Global Market Insights, Inc., “Worldwide Non-halogenated flame retardants market, having had a revenue of USD 1 billion in 2015, will generate considerable revenue by 2024, with an annual growth rate of more than 8% over 2016-2024.”

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Of late, emerging economies such as India and China have been witnessing escalating infrastructure developments. In fact, China has reportedly invested more than USD 1 trillion in construction activities. Non-halogenated flame retardants market from the construction sector will surpass a revenue collection of USD 1 billion by 2024. The growth can be attributed to the surging demand for fire safety material across this sector.

The product is mainly used to manufacture various parts useful in infrastructure developments such as wires, cables, switchboards, and building materials. In addition to this, implementation of stringent norms regarding the deployment of fire safety instruments in the residential, industrial, and commercial buildings will also influence non-halogenated flame retardants industry share notably.

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The construction industry is generating a substantial momentum worldwide. Statistics depict that the overall construction spending will cross over USD 13 trillion by 2023, a prime factor that will be responsible for non-halogenated flame retardants market growth, particularly across BRICS nations. Polymers amalgamated with chemically linked adhesives are extensively utilized as base materials in buildings, switchboard, wires, and cables to suppress fire. With growing demand for fire safety materials in the building infrastructures, non-halogenated flame retardants market share from construction application is expected to hold a valuation of USD 1 billion by the end 2024.

Non Halogenated Flame Retardants Industry Insights
3.1 Industry Segmentation
3.2 Industry Size and forecast, 2013 - 2024
3.3 Industry ecosystem analysis
3.4 Industry Impact forces
3.4.1 Growth drivers
3.4.1.1 Positive regulatory outlook
3.4.1.2 Increasing plastic/polymers demand from transportation industry
3.4.1.3 Rising infrastructure and construction spending
3.4.2 Industry pitfalls & challenges
3.4.2.1 Performance deficiency against halogenated flame retardants
3.5 Growth potential analysis
3.5.1 Growth potential analysis – Non halogenated flame retardants
3.5.1.1 Nanotechnology adoption for product development
3.5.1.2 Rising electrical industry market penetration in APAC
3.6 Porter’s analysis
3.7 Non Halogenated Flame Retardants – Company Market Share Analysis, 2015
3.8 PESTEL analysis

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Aluminum hydroxide based products offers superior resistance to smoke. In addition, this product is available at affordable costs, thereby enhancing its demand and leading aluminum hydroxide non-halogenated flame retardants market to record notable annual growth rate over 2016-2024, having had a revenue of USD 300 million in 2015. Aluminum hydroxide based products are mainly used in polymers, FRPs, and rubber. Nowadays, most of the automotive manufacturers are giving preference to polymers instead of metal based products to minimize the weight of the vehicle. This product offers excellent insulation, durability, low heat & smoke emission, and protection, which will fuel its demand in automotive applications. Non-halogenated flame retardants industry from the automotive sector is thus, forecast to exhibit significant CAGR over the years ahead.

Keeping in line with the latest industry trends, market players have been striving to develop eco-friendly products. Their consistent efforts to develop bio-based, cost-effective products will lead non-halogenated flame retardants market to earn considerable revenue over the coming years.

About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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