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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

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Market Insights

Flame retardants are widely utilized in several applications to avoid fire and are widely used across the automotive, construction, and electronics industries, among others. Flame retardant 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 prevents a minor fire from turning into a disaster.

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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, and mechanical components, a high risk of fire exists, and thus the use of flame retardant chemicals is necessary for 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 the ignition of the fire.

The rapid growth of major end-use industries such as electrical and 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 safety. Governments are also implementing several regulations on fire prevention and safety, thus driving overall growth. Furthermore, all efforts by major industries to avoid fire-related accidents are expected to accelerate 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 are, in turn, driving the growth of the electronics segment, which is further expected to bolster the demand for flame retardants over the forecast period. Despite the fact that non-halogenated flame retardants are becoming more popular due to their lower toxicity and lower cost, This is resulting in the downfall of halogenated flame retardant chemicals, thus hampering the market growth. Also, increases in manufacturing costs and raw material prices are expected to impede the market growth.

On the basis of the end-use industry, automotive accounts for a major share of the global industrial explosives market, owing to the increasing demand for passenger cars across the globe. Moreover, increases in vehicle production and rising per capita disposable incomes are two other factors driving the growth of the.Also, rising per capita disposable incomes are 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 the 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 market for flame retardant chemicals due to increasing demand for fire-resistant vehicles as well as increasing governmental norms in the region.

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

  • Alumina Trihydrate
  • Antimony Trioxide
  • Phosphorus flame retardants
  • Brominated flame retardants
  • Others (boron compounds, chlorinated flame retardants, etc.)

The alumina trihydrate segment dominated the global flame retardant chemicals market in 2016 and is anticipated to uphold its dominance over the forecast period from 2017 to 2025. This is due to the increasing demand for non-halogenated flame retardants coupled with the high demand for cheaper and more effective flame retardants, especially in automotive applications. Also, the increasing number of environmental regulations against the usage of bromine and chlorine-based flame retardant chemicals is further driving the demand for alumina trihydrate across the globe. Moreover, low cost is one of the key aspects bolstering demand for alumina trihydrate.

In addition, increasing usage of alumina trihydrate in packaging, construction, automotive, and electronics industries is further expected to propel market growth. Also, due to varying scenarios of environmental awareness, especially in the developed economies of North America and Europe, as well as the execution of strict rules regarding the import and production of halogenated flame retardants, the demand for alumina trihydrate is expected to increase in the foreseeable future. Furthermore, rapid transformations in the global construction industry and materials infused with flame retardants, such as structural insulation and plastic, as well as structural elements, are rapidly being utilized, which is also driving the growth of the global flame retardant chemicals market. However, rising regulations regarding carbon emissions and air pollution are some major factors anticipated to hamper the market growth.

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

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

By end-use industry, the construction segment accounted for the largest share of the global flame retardant chemicals market in 2016 and is expected to maintain its dominance over the forecast period. This is primarily due to increased construction activity, particularly in developing economies such as Asia-Pacific and Latin America. Also, increasing infrastructural activities, as well as increasing demand for shopping malls, commercial buildings, and sports complexes, are other major factors driving the growth of the global flame retardant chemicals market. In addition, rapid urbanization, an increasing population, and increasing government 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, are further driving the demand for buildings and apartments, thus accelerating the use of flame retardants in the construction industry. The automotive industry is expected to account for the second largest share of the global flame retardant chemicals market, owing to rising vehicle demand globally as well as rising consumer living standards, particularly in developing economies. Also, increasing governmental regulations regarding fire safety in automobiles, as well as the increasing use of polymers in vehicle production, further drive market growth.

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

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Asia Pacific is anticipated to be the most lucrative region in the global flame retardant chemicals market due to the 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 an 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 are projected to bolster overall growth. Due to growing environmental concerns, particularly in developed economies in Europe, strict guidelines regarding the consumption of harmful halogenated flame retardants are being implemented, which is expected to drive the use of non-halogenated flame retardants.

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Moreover, these guidelines are anticipated to have a direct 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 future due to increasing demand for non-halogenated flame retardants. The North American flame retardant chemicals market accounted for the second-largest share, owing to increasing demand for fire-resistant polymers from the automotive and construction industries. Also, increasing investment in construction renovation activities and the rising use of flame retardant paints and coatings, especially in industrial applications, are expected to drive the North American flame retardant chemicals market over the forecast period.

Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
1.3. Market Segmentation

Chapter 2. Executive Summary
2.1. Global Flame Retardant Chemicals Market Snapshot
2.1.1. Global Flame Retardant Chemicals Market, by Type, 2016
2.1.2. Global Flame Retardant Chemicals Market, by End-Use Industry, 2016
2.1.3. Global Flame Retardant Chemicals Market, by Geography, 2016
2.2. Global Flame Retardant Chemicals Market: Premium Insight
2.2.1. Attractive Market Opportunities in the Global Flame Retardant Chemicals Market
2.2.2. Global Flame Retardant Chemicals Market: Developed vs. Developing Economy
2.2.3. Global Flame Retardant Chemicals Market: Asia-Pacific Market Analysis

Chapter 3. Flame Retardant Chemicals Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography

Chapter 4. Global Flame Retardant Chemicals Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
4.1. Overview
4.1.1. Attractive Investment Proposition: By Type
4.2. Alumina Trihydrate
4.3. Antimony Trioxide
4.4. Phosphorus Flame Retardants
4.5. Brominated Flame Retardants
4.6. Others (boron compounds, chlorinated flame retardants etc.)

Chapter 5. Global Flame Retardant Chemicals Market, by End-Use Industry, 2015 – 2025 (Kilotons, US$ Mn)
5.1. Overview
5.1.1. Attractive Investment Proposition: By End-Use Industry
5.2. Automotive
5.3. Construction
5.4. Textile
5.5. Electronics
5.6. Aerospace
5.7. Paints & Coatings
5.8. Packaging
5.9. Others

Chapter 6. Global Flame Retardant Chemicals Market, by Geography, 2015 – 2025 (Kilotons, US$ Mn)
6.1. Overview
6.2. North America Flame Retardant Chemicals Market Analysis, 2015 – 2025
6.2.1. North America Flame Retardant Chemicals Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.2.2. North America Flame Retardant Chemicals Market, by End-Use Industry, 2015 – 2025 (Kilotons, US$ Mn)
6.2.3. North America Flame Retardant Chemicals Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Flame Retardant Chemicals Analysis, 2015 – 2025
6.3.1. Europe Flame Retardant Chemicals Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.3.2. Europe Flame Retardant Chemicals Market, by End-Use Industry, 2015 – 2025 (Kilotons, US$ Mn)
6.3.3. Europe Flame Retardant Chemicals Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. France
6.3.3.4. Rest of Europe
6.4. Asia Pacific Flame Retardant Chemicals Market Analysis, 2015 – 2025
6.4.1. Asia Pacific Flame Retardant Chemicals Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.4.2. Asia Pacific Flame Retardant Chemicals Market, by End-Use Industry, 2015 – 2025 (Kilotons, US$ Mn)
6.4.3. Asia Pacific Flame Retardant Chemicals Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
6.4.3.1. Japan
6.4.3.2. China
6.4.3.3. India
6.4.3.4. Rest of APAC
6.5. Latin America Flame Retardant Chemicals Market Analysis, 2015 – 2025
6.5.1. Latin America Flame Retardant Chemicals Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.5.2. Latin America Flame Retardant Chemicals Market, by End-Use Industry, 2015 – 2025 (Kilotons, US$ Mn)
6.5.3. Latin America Flame Retardant Chemicals Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Rest of Latin America
6.6. Middle East & Africa (MEA) Flame Retardant Chemicals Market Analysis, 2015 – 2025
6.6.1. MEA Flame Retardant Chemicals Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.6.2. MEA Flame Retardant Chemicals Market, by End-Use Industry, 2015 – 2025 (Kilotons, US$ Mn)
6.6.3. MEA Flame Retardant Chemicals Market, by Region, 2015 – 2025 (Kilotons, US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA

Chapter 7. Company Profiles
7.1. The Dow Chemical Company
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Lanxess AG
7.2.1. Business Description
7.2.2. Financial Information (Subject to data availability)
7.2.3. Product Portfolio
7.2.4. Key Developments
7.3. BASF SE
7.3.1. Business Description
7.3.2. Financial Information (Subject to data availability)
7.3.3. Product Portfolio
7.3.4. Key Developments
7.4. Albemarle Corporation
7.4.1. Business Description
7.4.2. Financial Information (Subject to data availability)
7.4.3. Product Portfolio
7.4.4. Key Developments
7.5. Dover Corporation
7.5.1. Business Description
7.5.2. Financial Information (Subject to data availability)
7.5.3. Product Portfolio
7.5.4. Key Developments
7.6. Clariant Corporation
7.6.1. Business Description
7.6.2. Financial Information (Subject to data availability)
7.6.3. Product Portfolio
7.6.4. Key Developments
7.7. Akzo Nobel N.V.
7.7.1. Business Description
7.7.2. Financial Information (Subject to data availability)
7.7.3. Product Portfolio
7.7.4. Key Developments
7.8. Nabaltec AG
7.8.1. Business Description
7.8.2. Financial Information (Subject to data availability)
7.8.3. Product Portfolio
7.8.4. Key Developments
7.9. Broadview Technologies Inc.
7.9.1. Business Description
7.9.2. Financial Information (Subject to data availability)
7.9.3. Product Portfolio
7.9.4. Key Developments
7.10. ICL Industrial Products
7.10.1. Business Description
7.10.2. Financial Information (Subject to data availability)
7.10.3. Product Portfolio
7.10.4. Key Developments

List of Figures

FIG. 1 Flame Retardant Chemicals: Market Segmentation
FIG. 2 Attractive Investment Proposition, by Geography
FIG. 3 Global Flame Retardant Chemicals Market Value, by Type, 2016 (Share, %)
FIG. 4 Global Alumina Trihydrate Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 5 Global Antimony Trioxide Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 6 Global Phosphorus Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 7 Global Brominated Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 8 Global Other Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 9 Global Flame Retardant Chemicals Market Value, by End-Use Industry, 2016 vs. 2025 (Share, %)
FIG. 10 Global Flame Retardant Chemicals in Automotive Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 11 Global Flame Retardant Chemicals in Construction Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 12 Global Flame Retardant Chemicals in Textile Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 13 Global Flame Retardant Chemicals in Electronics Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 14 Global Flame Retardant Chemicals in Aerospace Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 15 Global Flame Retardant Chemicals in Paints & Coatings Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 16 Global Flame Retardant Chemicals in Packaging Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 17 Global Flame Retardant Chemicals in Others Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 18 Global Flame Retardant Chemicals Market Value, by Geography, 2016 (Share, %)
FIG. 19 U.S. Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 20 Canada Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 21 U.K. Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 22 Germany Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 23 Spain Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 24 France Flame Retardant Chemicals Market, 2015-2025 (Kilotons, US$ Mn)
FIG. 25 Italy Flame Retardant Chemicals Market, 2015-2025 (Kilotons, US$ Mn)
FIG. 26 Rest of Europe Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 27 Japan Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 28 China Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 29 India Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 30 Rest of Asia Pacific Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 31 Brazil Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 32 Mexico Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 33 Rest of Latin America Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 34 GCC Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 35 Rest of Middle East and Africa Flame Retardant Chemicals Market, 2015 – 2025 (Kilotons, US$ Mn)

List of Tables

TABLE 1 Global Flame Retardant Chemicals Market, by Type, 2015 – 2025 (Kilotons)
TABLE 2 Global Flame Retardant Chemicals Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 3 Global Flame Retardant Chemicals Market, by End-Use Industry, 2015 – 2025 (Kilotons)
TABLE 4 Global Flame Retardant Chemicals Market, by End-Use Industry, 2015 – 2025 (US$ Mn)
TABLE 5 Global Flame Retardant Chemicals Market, by Geography, 2015 – 2025 (Kilotons)
TABLE 6 Global Flame Retardant Chemicals Market, by Geography, 2015 – 2025 (US$ Mn)
TABLE 7 North America Flame Retardant Chemicals, by Type, 2015 – 2025 (Kilotons)
TABLE 8 North America Flame Retardant Chemicals, by Type, 2015 – 2025 (US$ Mn)
TABLE 9 North America Flame Retardant Chemicals, by End-Use Industry, 2015 – 2025 (Kilotons)
TABLE 10 North America Flame Retardant Chemicals, by End-Use Industry, 2015 – 2025 (US$ Mn)
TABLE 11 North America Flame Retardant Chemicals, by Country, 2015 – 2025 (Kilotons)
TABLE 12 North America Flame Retardant Chemicals, by Country, 2015 – 2025 (US$ Mn)
TABLE 13 Europe Flame Retardant Chemicals, by Type, 2015 – 2025 (Kilotons)
TABLE 14 Europe Flame Retardant Chemicals, by Type, 2015 – 2025 (US$ Mn)
TABLE 15 Europe Flame Retardant Chemicals, by End-Use Industry, 2015 – 2025 (Kilotons)
TABLE 16 Europe Flame Retardant Chemicals, by End-Use Industry, 2015 – 2025 (US$ Mn)
TABLE 17 Europe Flame Retardant Chemicals, by Country, 2015 – 2025 (Kilotons)
TABLE 18 Europe Flame Retardant Chemicals, by Country, 2015 – 2025 (US$ Mn)
TABLE 19 Asia-Pacific Flame Retardant Chemicals, by Type, 2015 – 2025 (Kilotons)
TABLE 20 Asia-Pacific Flame Retardant Chemicals, by Type, 2015 – 2025 (US$ Mn)
TABLE 21 Asia-Pacific Flame Retardant Chemicals, by End-Use Industry, 2015 – 2025 (Kilotons)
TABLE 22 Asia-Pacific Flame Retardant Chemicals, by End-Use Industry, 2015 – 2025 (US$ Mn)
TABLE 23 Asia-Pacific Flame Retardant Chemicals, by Country, 2015 – 2025 (Kilotons)
TABLE 24 Asia-Pacific Flame Retardant Chemicals, by Country, 2015 – 2025 (US$ Mn)
TABLE 25 Latin America Flame Retardant Chemicals, by Type, 2015 – 2025 (Kilotons)
TABLE 26 Latin America Flame Retardant Chemicals, by Type, 2015 – 2025 (US$ Mn)
TABLE 27 Latin America Flame Retardant Chemicals, by End-Use Industry, 2015 – 2025 (Kilotons)
TABLE 28 Latin America Flame Retardant Chemicals, by End-Use Industry, 2015 – 2025 (US$ Mn)
TABLE 29 Latin America Flame Retardant Chemicals, by Country, 2015 – 2025 (Kilotons)
TABLE 30 Latin America Flame Retardant Chemicals, by Country, 2015 – 2025 (US$ Mn)
TABLE 31 Middle East and Africa Flame Retardant Chemicals, by Type, 2015 – 2025 (Kilotons)
TABLE 32 Middle East and Africa Flame Retardant Chemicals, by Type, 2015 – 2025 (US$ Mn)
TABLE 33 Middle East and Africa Flame Retardant Chemicals, by End-Use Industry, 2015 – 2025 (Kilotons)
TABLE 34 Middle East and Africa Flame Retardant Chemicals, by End-Use Industry, 2015 – 2025 (US$ Mn)
TABLE 35 Middle East and Africa Flame Retardant Chemicals, by Country, 2015 – 2025 (Kilotons)
TABLE 36 Middle East and Africa Flame Retardant Chemicals, by Country, 2015 – 2025 (US$ Mn)
TABLE 37 The Dow Chemical Company: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 38 Lanxess AG: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 39 BASF SE: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 40 Albemarle Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 41 Dover Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 42 Dover Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 43 Clariant Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 44 Akzo Nobel N.V.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 45 Nabaltec AG: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 46 Broadview Technologies Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 47 ICL Industrial Products: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)

Frequently Asked Questions

What is the size of Flame Retardant Chemicals Market?

The market for Flame Retardant Chemicals Market is expected to reach USD$ XX Bn in 2025.

What is the Flame Retardant Chemicals Market CAGR?

The Flame Retardant Chemicals Market is expected to see significant CAGR growth over the coming years, at 6.4%.

What is the Forecast period considered for Flame Retardant Chemicals Market?

The report is forecasted from 2017 -2025.

What is the base year considered for Flame Retardant Chemicals Market?

The base year of this report is 2016.

Who are the major players in this market?

The Dow Chemical Company, Lanxess AG, BASF SE, Albemarle Corporation, Dover Corporation, Clariant Corporation. are some of the major players in the global market.

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