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The flame retardants chemicals market is estimated to grow at a CAGR of 4.67% between 2022 and 2027. The size of the market is forecast to increase by USD 1,945.76 million. The growth of the market depends on several factors, including the rise in infrastructure development, the increasing demand for flame retardants in end-user industries, and the growing demand for flame retardants based on nitrogen compounds
This report extensively covers market segmentation by type (halogen, intumescent coatings, inorganic flame retardants, nitrogen flame retardants, and phosphorous), application (building and construction, electricals and electronics, textiles and plastics, and transportation), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global flame retardants chemicals market as a part of the global diversified chemicals market within the global chemicals market. The global diversified chemicals market covers companies engaged in the manufacturing of a diverse range of chemical products that are not included in the categories of industrial gases, commodity chemicals, specialty chemicals or fertilizers, and agricultural chemicals. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The rise in infrastructure development is notably driving the market growth, although factors such as environmental and health concerns caused by flame retardants may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Flame Retardants Chemicals Market Driver
The rise in infrastructure development is a key factor driving the growth of the global flame retardants chemicals market. The construction industry has shown remarkable growth in the past decade, and it is expected to grow during the forecast period. There is an increase in the demand for infrastructure development, both residential and non-residential projects. The construction market in developing countries such as China and India is going through a transition into a consumer- and services-driven economy. This is expected to provide lucrative opportunities for new types of construction in the healthcare, education, and social infrastructure, as well as retail and other consumer-end markets.
Moreover, It is also expected that the construction industry in India will grow at a rate almost twice that of China during the forecast period. Therefore, the growth of the construction industry in the region will increase the demand for construction activities, which, in turn, will fuel the demand for flame-retardant chemicals, which will boost the growth of the market during the forecast period.
Significant Flame Retardants Chemicals Market Trend
The increased demand for non-halogenated flame retardants is the primary trend in the global flame retardant chemicals market growth. Non-halogenated flame retardants are based on elements such as phosphorus and nitrogen. Phosphorus-containing flame retardants are extensively used in standard and engineering plastics, thermosets, coatings, polyurethane foams, and textiles. Flame retardants that are manufactured using phosphate esters are mainly used in engineering plastics, phenolic resins, and coatings.
Though ammonium polyphosphate flame retardants are primarily used in intumescent coatings, they are also effective in rigid and flexible polyurethane foams and injection-molded polyolefins in formulations for phenolics, epoxies, unsaturated polyesters, and coatings for textiles. Nitrogen-based melamine cyanurate is used in nylon and polypropylene intumescent formulations in conjunction with ammonium polyphosphate. These flame retardants are used in abundance, which will boost the growth of the global flame retardant chemicals market during the forecast period.
Major Flame Retardants Chemicals Market Challenge
Environmental and health concerns caused by flame retardants are a major challenge to the growth of the global flame retardants chemicals market. Flame retardants used in different applications contain toxic chemicals which can cause various health risks to humans, such as neurological damage, cancer, and hormone disruption. Flame retardants also bioaccumulate in human bodies, which can cause long-term chronic health problems. Regulatory agencies of various regions have prohibited the use of halogen-containing flame retardants.
The Bromine Science and Environmental Forum (BSEF) members and Environmental Protection Agency (EPA) have prohibited halogen-containing flame retardants as they negatively impact the environment and living beings. In Europe, directives such as REACH, Waste Electrical and Electronic Equipment (WEEE), and RoHS have implemented a ban on the use of toxic and flammable substances. Such stringent restrictions will hinder the growth of the global flame retardant chemicals market during the forecast period.
Key Flame Retardants Chemicals Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Flame Retardants Chemicals Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
kafrit.com - The company offers flame retardant chemical solutions such as CONSTAB flame retardants. Also, this segment focuses on producing polycarbonate sheets, film, agricultural film, injection and blow molding, flame retardant applications, and other related products.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the halogen segment will be significant during the forecast period. Halogen was the largest segment of the global flame retardant chemicals market in 2022 and will continue to remain the largest segment during the forecast period. In this segment, the majority of halogenated flame is retardant, but not all of them, are combined with a synergist to increase their efficacy. Reactive halogen species are discharged from the matrix into the flame in the event of a fire, stopping the combustion reaction. The composite material decomposition is slowed down as a result of the temperature of the fire being lowered. The most common type of flame retardant found in printed circuit board materials is halogenated. The above factors will increase the market growth during the forecast period.
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The halogen segment was valued at USD 2,956.28 million in 2017 and continue to grow by 2021. Halogens are a class of chemical elements that include bromine, chlorine, fluorine, and iodine. The flame, the heart of the fire, is directly affected by halogenated flame retardants. They are said to act in the vapor phase, which means that they alter the flame chemistry. Both chlorinated and brominated retardants are employed in this capacity, but brominated retardants have proven to be more effective. Because of its connection to carbon, bromine is the most potent halogen flame retardant because it can interfere with combustion at a more advantageous time. However, due to their high level of toxicity, some states have banned their use, while others have not.. However, there is a tendency to replace them. Thus, due to the increasing number of countries banning halogen flame retardants, the segment is expected to grow at a slow rate during the forecast period.
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APAC is estimated to contribute 68% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC was the largest geographical segment of the global flame retardant chemicals market in 2022 and will continue to remain the largest segment during the forecast period. The demand for flame retardant chemicals is growing rapidly in APAC. The easy availability of raw materials and low-cost labor in most APAC countries makes it a potential market for flame retardant chemicals. The major countries leading the regional flame retardant chemicals market include India, China, Japan, Indonesia, and Malaysia. Moreover, investments in both the infrastructure and non-residential sectors are also expected to drive the growth of the flame-retardant chemicals market in the region during the forecast period.
In 2020, the outbreak of COVID-19 negatively impacted the growth of the regional flame retardant chemicals market. However, with the resumption of operations in manufacturing sites in the first half of 2021, the market is expected to grow during the forecast period. The increased focus on developing the infrastructure in developing nations such as India is attracting both domestic and international players. The private sector is emerging as a key player in various infrastructure segments, ranging from roads and communications to power and airports. In the Union Budget 2021, the Government of India announced that it would allocate around $8.3 billion for road works and around $7.9 billion for the construction of national highways. The Indian government planned to construct 8,500 km (5281.65 miles) of roads by March 2022. Such factors are expected to fuel the demand for flame-retardant chemicals in the region during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Flame Retardants Chemicals Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.67% |
Market growth 2023-2027 |
USD 1,945.76 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.56 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 68% |
Key countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ADEKA Corp., Akzo Nobel NV, Albemarle Corp., BASF SE, Clariant International Ltd., Dow Inc., Frank Beirne Fabrics, ICL Group Ltd., Intochemicals BV, Italmatch Chemicals Spa, J.M. Huber Corp., Kafrit Industries 1993 Ltd., Lanxess AG, Nabaltec AG, NEWOS GmbH, PENGG KABEL GmbH, Perimeter Solutions LP, PHARMORGANA GmbH, Stahl Holdings B.V., and Wego Chemical Group Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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