Flame Retardant Market Key Players, Application Outlook and Revenue Forecast till 2028

San Francisco, California , USA, Aug 23, 2022 — /EPR Network/ —

Flame Retardant Industry Overview

The global flame retardant market size was valued at USD 7.46 billion in 2020 and is forecast to grow at a compound annual growth rate (CAGR) of 8% from 2021 to 2028.

The demand for flame retardants is anticipated to be driven by the growing usage of fire-resistant products in various end-use industries, such as electrical & electronics, transportation, construction, and others. These industries are increasingly using flame retardant-based materials to meet the fire safety and prevention regulations. The product demand is also fueled by the growing awareness among consumers about improving the fire safety of combustible materials and products. In offices and homes, flame retardants eliminate the risk of fire from an increasing number of electrical and consumer goods.

Gather more insights about the market drivers, restrains and growth of the Global Flame Retardant market

They also safeguard modern equipment and materials, such as building insulation, engineering thermoplastics, circuit boards, cables, and others, from the ignition and spread of fire. The growth of halogenated flame retardants, such as brominated, chlorinated, and others, is significantly restrained by the harmful effects of the chemicals on humans and the environment. Certain compounds, such as Hexabromocyclododecane (HBCD), are banned in European Union, Japan, and Canada.

This has majorly driven the market for the development of safer alternatives, such as phosphorous, bromine, and chlorine-based non-halogenated flame retardants. The shifting trend toward the replacement of halogenated flame retardants has mainly driven innovation for new non-halogenated products as it promotes environmental sustainability. For instance, GYC Group, a manufacturer of specialty chemicals and fire resistance products, offers a wide range of halogen-free products.

Manufacturers look for less toxic products to make changes in the product composition, such as aluminum triohydroxide. It is expected that most of the demand will arise from applications, such as polyolefins, epoxy resins, Polyvinyl Chloride (PVC), engineering thermoplastics, rubber, and others. China, Iran, Italy, the U.K., the U.S., and France, are among the worst-hit economies due to the pandemic that resulted in industrial shutdowns, supply chain disruptions, and trade halts. This factor may hamper the market growth to some extent.

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Flame Retardant Market Segmentation

Grand View Research has segmented the global flame retardants market on the basis of product, application, end use, and region:

  • Flame Retardants Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
    • Halogenated
    • Non-Halogenated
  • Flame Retardants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
    • Polyolefins
    • Epoxy Resins
    • UPE
    • PVC
    • ETP
    • Rubber
    • Styrenics
    • Others
  • Flame Retardants End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
    • Construction
    • Transportation
    • Electrical & Electronics
    • Others
  • Flame Retardants Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
    • North America
    • Europe
    • Asia Pacific
    • Central & South America
    • Middle East & Africa

Key Companies profiled:

Some prominent players in the global Flame Retardant market include

  • Clariant
  • LANXESS
  • BASF SE
  • ICL
  • Abermarle Corp.
  • DuPont
  • DSM

Order a free sample PDF of the Flame Retardant Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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