BDP Flame Retardants Market - 2017 Revenue, Opportunity, Segment and Key Trends 2024.
BDP flame retardants market is expected to grow owing to its high thermal and hydrolytic stability properties over other bisphosphates products. Being a halogen free FR, increasing construction activities across the world will flourish the industry market. Several government entities are upcoming with new regulations to lower the VOC levels in fire mishaps, so BDP flame retardants are the effective products.
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Flame retardants includes a varied group of chemicals which are added to manufactured materials including textiles and plastics, and coatings & surface finishes. It delays the spread of fire by forming a protective layer on the surface of the materials. The product can withstand high temperatures which is required during processing of several engineered resins. Currently, there are two well-known methods in the industry: halogen and halogen free (non-halogen) FR. Halogen FR uses chlorine and bromine chemical to suppress fire however, rising environment safety awareness halogen free FR are preferred over halogenated FR.
Halogen free FR includes phosphorus, antimony trioxide, nitrogen, magnesium hydroxide and alumina trihydrate FR. Its high resistance to fire property delays the combustion process of fire which is considered to enhance the product demand. Further, it possesses superb properties which include high thermal stability, high processing temperature, excellent hydrolytic stability and low volatility which is considered to fuel the BDP flame retardants market.
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North America is the fastest growing BDP flame retardants market owing to growing aircraft and aerospace industry. Escalating regulatory agencies in the region including Environmental Protection Agency (EPA) and Bromine Science and Environmental Forum (BSEF) have raised the product demand. Latin America, Mexico is predicted to drive the industry with rapidly growing infrastructure and industries in the region.
Europe BDP flame retardants market holds the largest share due to favourable regulations adopted by government and other legal entities. Also, ban against toxic and flammable materials usage by WEEE, RoHS and REACH is expected to have a positive impact on the industry growth. Upsurge in automotive industries in the region has raised the need for engineered resins, thus propelling BDP flame retardants market.
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Regionally, Global Market Insights, Inc.’s BDP flame retardants market research has the most in-depth, country focused estimates and forecasts for decision makers across the globe. An exhaustive list of company profiles for organizations active in the BDP flame retardants market supports the regional analysis and information offering a competitive outlook on the industry. For each segment analyzed in this research, whether it is by product, application, material or end-use, a regional overview with historical data and BDP flame retardants market forecast is provided to the reader. Such a cross-segmentation research analysis is also unique to reports by Global Market Insights, Inc.
Global BDP flame retardants market is moderately consolidated and competitive in nature owing to the presence of large and small regional & international players globally. Several key players for the industry are ADEKA, ICL, Zhejiang Wansheng, Shandong Moris, Albemarle, Daihachi Chemical and Jiangsu Yoke. Some other well-known participants who operate in the same field are Ocean Chem, Arbon, Qingdao Fundchem and Shengmei Plastify.
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