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Flame Retardant Masterbatches Market By Flame Retardant Type (Alumina Trihydrate ), By Application (Engineering Plastics, Rubber, Epoxy Resins, Polyvinyl Chloride (PVC), Others), By End-Use Industry (Automotive, Construction, Textile, Electronics, Aerospace, Paints & Coatings, Packaging, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

In terms of revenue, the global market for flame retardant masterbatches was valued at US$ 1,625.2 million in 2017, which is expected to reach US$ 3,667.9 million by 2026, witnessing a CAGR of 9.6% during the period. Asia Pacific accounted for the major share of the flame retardant masterbatches market in 2017, followed by North America.

Flame retardants are chemicals added to different materials, such as fabrics, plastics, etc., to increase their resistance to ignition, reduce flame spread, and suppress smoke. These chemicals are added during masterbatches formulation and then incorporated as additives with various polymers such as polyolefins, polycarbonate, polyamides, polyester, and other polymers in the plastics industry. Flame retardants are available in different types, such as alumina trihydrate, antimony trioxide, phosphorus flame retardants, and so on, that are added to masterbatches with other additives depending upon the requirements to provide them with flame resistance and other necessary properties such as smoke and flame reduction.

Masterbatches are unfinished plastic compounds made up of highly colored pigments and additives. These are used to color plastics and impart other essential properties to the materials. When flame-retardant masterbatches are added to plastic products, they prevent detonation or the spread of the flame. They are used as additives in manufacturing materials, including plastics, textiles, surface finishes, foam, and coatings, that delay the spread of the fire.

At the moment, one of the key driving factors of the global flame retardant masterbatches market is the construction industry's robust growth. Flame retardant masterbatches incorporated with plastics find major use as building materials and products and also help to comply with important fire safety regulations. Flame-retardant masterbatches in plastics raise the temperature at which the substance ignites and limit the spread of the flame. These flame retardants are selected as per codes laid down by the National Fire Protection Act (NFPA).

These codes are set for building, residential, fire, electronic components, roofing, decking, ventilation systems, several combustible exterior products, and fire-resistance-rated assemblies. The robust growth of the construction industry in major countries such as India, China, Germany, Japan, and the U.S. is a major factor driving the demand for flame retardant masterbatches. The global construction sector is expected to grow at an average rate of 2.8% per year. The U.S. is one of the largest construction markets in the world, with expenditures crossing the $1 trillion mark in 2017. Further, construction spending in the private sector amounted to more than $950 billion in 2017.

Market Synopsis

Alumina Trihydrate is Expected to Continue Dominating the Global Flame Retardant Masterbatches Market Throughout the Forecast Period

Based on flame retardant type, alumina trihydrate accounted for the major market share in 2017 and is expected to retain the leading position throughout the forecast period. Further, this segment is also expected to project the fastest growth during the forecast period. Alumina trihydrate, or aluminum trihydroxide, is derived from bauxite ore. It is a white, odorless, and powdery substance that has high smoke-suppressing and flame-retardant properties.

Alumina trihydrate is a better alternative to antimony trioxide since the latter emits toxic antimony fumes when enacted upon a flame. It is used to retard fire even at 220 C and is also a better alternative to halogenated flame retardant masterbatches. Synthetic latex in carpet backing and polyester sheet molding use alumina trihydrate as a filler. ATH is also blended with polymers to inhibit the spread of flame.

The demand for ATH was significantly higher in developing economies like China, India, Brazil, and South Africa, amongst others. The high demand is due to the high demand for thermoplastics, their low smoke properties, and changes in government regulations regarding the use of flame retardants. Brominated flame retardants are restricted due to their adverse effect on the environment, as stated by WEEE (waste electrical and electronic consumption) and ROHS (restriction of hazardous substances). Alumina hydrate is widely utilized in paints and coatings, electronics, aerospace, and construction industries. In the construction industry, it is used as a filler that prevents the spread of flame. Polyester laminates used in home decoration (for walls, roofs, enclosures, etc.) also use alumina hydrate as a flame retardant.

During the forecast period, engineering plastics are expected to grow the fastest.

Based on application, engineering plastics accounted for the major market share in 2017 and are expected to witness the fastest growth during the forecast period. Engineering thermoplastics are subsets of plastic materials that are used in applications that require higher performance in areas demanding heat resistance, chemical resistance, fire retardancy, and mechanical strength. The demand for flame retardant masterbatches-based thermoplastics is expected to increase, owing to the increased need for fire safety in all industries. Flame-retardant masterbatches-based thermoplastics find extensive use in clothing, home furnishings, and the engineering domain owing to their good chemical stability and superior mechanical properties.

The increasing use of flame retardant masterbatches in the automotive and electronics industries, owing to their property of sustaining high temperatures during the production of plastic parts, is anticipated to be a significant factor in market growth.

The construction sector emerged as the dominant segment and is expected to retain market dominance throughout the forecast period.

Based on end-use industries, the construction sector accounted for the largest market share in 2017 and is expected to retain market dominance throughout the forecast period. In the construction industry, building engineers and architects find creative ways to inculcate flame retardants into masterbatches during the construction of homes and public buildings. These flame-retardant masterbatches are selected as per the codes laid down by the National Fire Protection Act (NFPA). These codes are set for building, residential, fire, electronic components, ventilation systems, decking, roofing, various combustible exterior products, and fire-resistance-rated assemblies. Furthermore, as per the REACH Annex XV report, brominated floor retardant compounds such as hexabromocyclododecane (HBCDD) find 90% usage in the construction industry as they provide rigid thermal insulation to buildings and other constructions. Hexabromocyclododecane (HBCDD) is further synergized with dicumyl peroxide to enhance its compressive strength for more usage in roofs and ceilings, floors, walls, and foundations. In buildings, at certain temperatures, steelwork often loses its ability to bear weight and can buckle or collapse. Flame-retardant masterbatches on steel protect structural integrity by insulating from the heat in the event of a fire.

Asia Pacific is expected to continue dominating the flame retardant masterbatches market throughout the forecast period.

Asia Pacific dominated the global flame retardant masterbatches market in 2017 and is expected to retain market dominance throughout the forecast period. The robust growth of the automotive, packaging, and construction industries is one of the key factors responsible for the growth of the flame retardant masterbatches market in the region. Growing construction and automotive sectors in countries such as India, China, and Japan are greatly fueling the market growth of flame retardant masterbatches in the region. The Asia Pacific automotive industry is constantly developing lightweight transportation systems, as light vehicles require far less energy.

Thus, the accumulation of additional plastics and polymer composites would encourage the use of more flame-retardant masterbatches. Seats in automobiles are required to fulfill smoke density requirements and smoke toxicity requirements. Therefore, expandable graphite, in combination with liquid phosphates and melamine foam, is added as an additive to flame retardants to maintain fire-blocking layers in seats.

China is the leading country for the sale of light vehicles. The global sale of passenger vehicles stood at 94 million units in 2017, with China accounting for nearly 30% of the total volume sales. The growing automotive industry in China has lured several international brands to enhance their productivity in the country. High technological developments and low production costs are key factors responsible for the growth of the automotive sector in China, which in turn is fueling market growth for flame retardant masterbatches in the country.

Capacity expansion is one of the key strategies of the companies associated with flame retardant masterbatches.

Some of the key players operating in the global flame retardant masterbatches market include Akzonobel N.V., Albermarle Corporation, BASF S.E., Clariant S.E., Dover Corporation, Lanxess A.G., DowDupont Inc., Polyplast Muller GmbH, Ampacet Corporation, and Cromex S.A., among others. Product innovations, joint ventures and partnerships, mergers and acquisitions, and geographical expansions are some of the key strategies adopted by these companies to ensure long-term sustenance in the flame retardant masterbatches market.

In April 2016, Clariant S.E., one of the key players operating in the global flame retardant masterbatches market, started an additional capacity for phosphate esters at its plant in Gendrof, Germany, in order to extend the existing production at its Knapsack facility for specialty chemicals and flame retardants.

Periods of History and Forecast

Our study analyzed each market segment during the period of 2016 to 2026,with 2017 as the base year. The forecast period between 2018 and 2026 is considered for the CAGR calculation.

Report Scope

The report provides a thorough outline of the global flame retardant masterbatches market by categorizing it into the different segments given below:

This research report describes leading continents and their major countries, along with profiles of key players operating in the overall market and their planned developments. Our report further defines the overall market dynamics, such as drivers, challenges, and opportunities prevalent in the market, to understand the global flame retardant masterbatches market more explicitly. Our in-depth quantitative and qualitative analysis of each segment up to the country level highlights revenue pockets and investment opportunities in the market.

Key questions are answered in this report.

  • What are the current market trends in the flame retardant masterbatches market, and what opportunities exist for players?
  • How do environmental regulations affect global as well as regional markets?
  • Which are the prominent technologies and recent innovations in the market?
  • Which is the most lucrative region for investment?
  • What are the market size and trends in emerging markets?
  • Which are the prime end-use industries of flame retardant masterbatches across different geographies?
  • Which are the major application areas of flame retardant masterbatches and their market sizes?
  • Which are the major types of flame retardant masterbatches, and what are their market sizes?
  • Which are the leading players and their market positions?

Frequently Asked Question:

The market for Flame Retardant Masterbatches Market is expected to reach USD$ 3,667.9 Mn in 2025.

The Flame Retardant Masterbatches Market is expected to see significant CAGR growth over the coming years, at 9.6%.

The report is forecasted to 2018-2026.

The base year of this report is 2017.

Akzonobel N.V., Albermarle Corporation, BASF S.E., Clariant S.E., Dover Corporation, Lanxess A.G., DowDupont Inc., Polyplast Muller GmbH, Ampacet Corporation, and Cromex S.A. are some of the major players in the global market.

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Godaddy
Published Date:  Sep 2018
Category:  Chemicals
Report ID:   59301
Report Format:   PDF
Pages:   120
Rating:    4.4 (60)
Delivery Time: 24 Hours to 48 Hours   
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