Flame Retardants Market Future Features Overview Size Share Global Industry Trend and Forecast to 2022

Flame Retardants Market / Overview:

In terms of volume the Global Flame Retardants is estimated to be witnessed a significant growth of million metric tons by 2022 with CAGR of 5.86% between 2018 and 2022.

Flame retardants are chemicals which are added to many materials to increase their fire safety it has reduced the devastating impact of fires on people, property and the environment. They are added to or treat potentially flammable materials, including textiles and plastics.

Flame retardants are found in various applications such as plastics, fabrics, cable and wires, polyurethane foam, and others. Increasing in demand for building and construction, electronics and transportation industries will boost the market of flame retardants. Substitutes such as magnesium hydroxide (MDH) for flame retardants might hamper the global flame retardant market.

Increasing in demand of plastic Industry and new regulation to improvement safety towards are the main drivers of flame retardants market. In addition, Flame retardants has a toxicity issue at the time of flame retardant production process which could affect the market near future.

Market Highlights:

Flame retardants are chemicals which are added to many materials to increase their fire safety it reduced the devastating impact of fires on people, property and the environment. They are added to or treat potentially flammable materials, including textiles and plastics.

Flame retardants have been used in many and industrial and consumer products to decrease the ability of materials to ignite. Flame retardants are often added or applied to the following products such as carpets mattresses, curtains, foam, and fabric blinds. In electronics and electrical devices, such as, laptops, televisions, phones, household appliances, computers and wires and cables. In building and construction materials used in electrical wires and cables, and insulation materials, such as polystyrene and polyurethane insulation foams. In transportation products, such as seats, seat covers and fillings, overhead compartments, bumpers and other parts of automobiles, airplanes, and trains.

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Regional Analysis:

Geographically, Asia-Pacific shares the largest market of flame retardants. This share is attributed to growing transportation, packaging industry, military & aerospace industry, building & construction, electronics, and others. Various application like plastics, fabrics, cable and wires, polyurethane foam, and others expected to aid the growth of Flame Retardants market in this region. Countries such as China, India and South Korea are looking forward for expansion in non-conventional resources due to growing population Therefore, it is expected to aid growth in APAC of Flame Retardants market. It is expected that North America will show a significant growth in flame retardants owing to demand in applications such as polyurethane foam, plastics and others followed by Europe.

Segmentation:

The global flame retardants market is majorly segmented on the basis of types, application, end user and region. Based on types of flame retardants market is segmented into brominated, phosphorus, nitrogen, chlorinated, metal hydrate and others. Based on application of flame retardants the market is segmented into plastics, fabrics, cable and wires, polyurethane foam, and others. Based on end user the market segmented into transportation, packaging industry, military & aerospace industry, building & construction, electronics, and others and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.

Key Players:

BASF SE (Germany),
Albemarle Corporation (US),
Chemtura Corporation (US),
The Dow Chemical Co (US),
Clariant International Ag (Switzerland),
Akzo Nobel NV (Netherlands),
China Antimony Chemicals Co. Ltd (China).

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