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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 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.

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.

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.

Frequently Asked Question:

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

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

The report is forecasted from 2017 -2025.

The base year of this report is 2016.

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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Published Date:  Dec 2017
Category:  Chemicals
Report ID:   58884
Report Format:   PDF
Pages:   120
Rating:    4.8 (70)
Delivery Time: 24 Hours to 48 Hours   
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