Flame Retardant Chemicals Market Research Study for the Period 2016 - 2024

Global Flame Retardant Chemicals Market: Overview

Flame retardant chemicals are phosphorous, nitrogen, and halogen that contain compounds which are mixed with rubber and plastics for the purpose of reducing the magnitude of inhibit and burning flames. Flame retardants are type of components that are known for further reducing the effect of fire and can be also added to textiles for treating flammable substances.

These flame retardants are being incessantly employed in the manufacturing of textiles, automobile and electronic parts, and construction of buildings. Flame retardant chemicals do not modify the properties of the parent component but delays the burning of the material if it cannot completely stop it. The use of these flame retardant chemicals is rising substantially and it has gained importance over the past few years owing to the rising safety regulations implemented by governments with regards to the high use of flammable materials and the risk of fire.

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The report is an enquiry in the growth of the global flame retardant chemicals market over the last few years and in the upcoming years. The market research study further reasons out the causes of the alterations in the market worldwide. It performs this task by presenting a valuation of the dynamics and the trends ubiquitous from the last few years and the ones that are likely to keep hold of a strong presence during the forecast period. The Porter’s five forces analysis has been taken into consideration by the analysts to offer a clear view of the vendor landscape to the readers. Mergers, agreements, acquisitions, and other partnerships have also been highlighted in the market research report. The study also delves into the working of several major companies along with information on their products, strategies, and shares in question.

Global Flame Retardant Chemicals Market: Trends and Prospects

The global market for flame retardant chemicals is likely to grow exponentially over the coming years owing to several advancements being made in fire safety standards and solutions. The market is likely to benefit from the growing demand from several end-use industries. The global flame retardant chemicals on the products can be classified into phosphorous, antimony oxide, brominated, and chlorinated. On the basis of end user, the market can be segmented into textiles, electronics, electric , wires and cables, automobiles, and buildings and construction.

Construction industry is likely to emerge as one of the prime consumers of flame retardant chemicals owing to the rising development activities in developing countries. The growing demand from transportation and automobile industry is also a driving aspect for the growth of the global flame retardant chemicals market. The demand from home furnishing industry is also expected to intensify over the coming years. The steady growth of several other application sectors such as electronics and wires and cables is also anticipated to bode well for the market in the near future.

Global Flame Retardant Chemicals Market: Regional Outlook

Asia Pacific is expected to emerge as the leading region in terms of consumption owing to exponential growth in the manufacturing industry and rising construction in developing countries. Developed regions such as Europe and North America may also witness growing demand due to renovation of existing infrastructure.

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Global Flame Retardant Chemicals Market: Companies Mentioned in the Report

Some of the companies striving to gain a leading position in the market are Lanxess AG, DuPont, Dow Chemical Company, Albemarle Corp., Clariant AG, BASF SE, and AkzoNobel N.V.

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This release was published on openPR.