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Flame Retardant Chemicals Market By Type (Alumina Trihydrate, Antimony Trioxide, Phosphorus Flame Retardants, Brominated Flame Retardants), By End-Use (Automotive, Construction, Textile, Electronics, Aerospace, Paints & Coatings, Packaging) – Growth, Future Prospects And Competitive Analysis, 2017 – 2025

Flame retardants are widely utilized in several applications to avoid fire and are widely used across automotive, construction and electronics industry among others. Flame retardants chemicals are added to polypropylene fabrics, nylon fabrics and polyester fabrics to make them fire resistant. Polypropylene is used in cable and wire jacketing, garden tools, electronic appliances, toys, furniture and kitchen tools among others. Flame retardants are mixed with thermoplastic elastomers in low concentrations to fuel the resistance of a material to its ignition and diminish the degree of flame spread. The utilization of flame retardants in the form of additives avoids a minor fire from turning into a disaster. Several materials such as alumina trihydrate, brominated flame retardants, phosphorus flame retardants, antimony trioxide and zinc borate are used as flame retardant additives in several automotive and construction applications. Since flammable plastics are widely applied in foams, modern vehicles, textiles, cables, polymer formulations as well as mechanical components, a high risk of fire exists and thus the use of flame retardant chemicals is necessary in such applications. Thus, flame retardant chemicals are added to these components to stop fires in structural, mechanical and decorative components. Flame retardants are also added to vehicle seats to confirm passenger safety since matches and cigarettes might prompt ignition of fire.

The rapid growth of major end-use industries such as electrical & electronics, construction and transportation is projected to bolster the demand for flame retardant chemicals over the forecast period. Flame retardants are being increasingly used by the aforementioned end use industries in order to fulfill regulations regarding fire prevention and fire safety. Governments are also implementing several regulations on fire prevention and safety thus driving the overall growth. Moreover, forestall attempts from major industries to avoid accidents caused due to fire are further anticipated to accelerate the overall growth. Flame retardants are widely utilized in several consumer electronic products such as refrigerators, smartphones, TV sets, vacuum cleaners, printed circuit boards and laptops among others. Increasing per capita disposable incomes is in turn driving the growth of electronics segment which is further expected to bolster the demand for flame retardants over the forecast period. Although, non-halogenated flame retardants are gaining more preference owing to less toxicity and cheaper price. This is resulting in the downfall of halogenated flame retardant chemicals thus hampering the market growth. Also, increase in manufacturing cost and raw material prices are also expected to impede the market growth.

On the basis of end-use industry, automotive accounts for a major share in the global industrial explosives market owing to increasing demand for passenger cars across the globe. Moreover, increase in vehicle production and rise in per capita disposable incomes are several other factors driving the growth of automotive segment in the global flame retardant chemicals market.

Asia Pacific is projected to be the dominant region owing to increasing growth of the construction and automotive industries in the region. Also, rising per capita disposable incomes is further supplementing the demand for consumer electronics especially in India and China. Thus, major market players in the electronic industry are focusing on setting up their manufacturing facilities in Asia Pacific due to increasing demand for consumer electronics which is further expected to supplement the market growth. North America is expected to account for the second largest share in the global flame retardant chemicals market due to increasing demand for fire resistant vehicles as well as increasing governmental norms in the region.

Flame Retardant Chemicals Market

The global flame retardant chemicals market can be categorized on the basis of application as:

  • Automotive
  • Construction
  • Textile
  • Electronics
  • Aerospace
  • Paints & Coatings
  • Packaging
  • Others

Flame Retardant Chemicals Market

By end-use industry, construction segment accounted for the largest share in the global flame retardant chemicals market in 2016 and expected to maintain its dominance over the forecast period. This is mainly due to growth in construction activities especially in developing economies of Asia-Pacific and Latin America. Also, increasing infrastructural activities as well as increasing demand for shopping malls, commercial building and sports complexes is another major aspect driving the growth of the global flame retardant chemicals market. In addition, rapid urbanization, increasing population, increasing governmental initiatives to offer reasonable housing have promoted the construction industry over the past few years which is anticipated to continue throughout the forecast period. Moreover, rising per capita disposable incomes as well as increasing consumer spending is further driving the demand for buildings and apartments, thus accelerating the use of flame retardants in the construction industry. Automotive industry is anticipated to account for the second largest share in the global flame retardant chemicals market owing to increasing demand for vehicles across the globe as well as rising living standards of consumers especially in the developing economies. Also, increasing governmental regulations regarding fire safety in automobiles as well as increasing use of polymers in vehicle production further drives the market growth.

The global flame retardant chemicals market can be categorized on the basis of regions and countries as:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • Rest of MEA

Flame Retardant Chemicals Market

Asia Pacific is anticipated to be the most lucrative region in the global flame retardant chemicals market due to increasing demand for effective flame retardants from the construction industry. Developing economies such as India, China, Korea etc. are witnessing rapid urbanization, infrastructural development and increasing population, which is further driving construction activities in the region. Also, Thailand and Indonesia are estimated to witness a rapid increase in vehicle production due to advantageous government policies for original equipment manufacturers, which is projected to bolster the overall growth. Due to increasing environmental concerns especially in developed economies of Europe, strict guidelines are being implemented related to the consumption of harmful halogenated flame retardants which is projected to drive the use of non-halogenated flame retardants. Moreover, these guidelines are anticipated to pose a straight influence on emerging economies such as Malaysia, China, India and Indonesia which export a substantial quantity of flame retardant polymers to several European countries. Thus, the Asia Pacific flame retardant chemicals market is expected to grow significantly in the foreseeable years due to increasing demand for non-halogenated flame retardants. The North America flame retardant chemicals market accounted for the second largest share owing to increasing demand for fire resistant polymers from automotive and construction industry. Also, increasing investment towards construction renovation activities and rising use of flame retardant paints & coatings especially in industrial applications are expected to drive the North America flame retardant chemicals market over the forecast period.

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Published Date:  Dec 2017
Category:  Chemicals
Report ID:   58884
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
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