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The flame retardants chemicals market is estimated to grow by USD 1.94 billion at a CAGR of 4.67% between 2022 and 2027. Market expansion hinges on several factors, including the upsurge in infrastructure development, escalating demand across end-user industries, and the growing preference for flame retardants derived from nitrogen compounds. The burgeoning infrastructure projects worldwide drive the need for fire safety solutions, propelling the demand. Additionally, industries are increasingly recognizing the importance of flame retardants in enhancing safety standards, further boosting market growth. Moreover, the shift towards flame retardants based on nitrogen compounds, known for their efficacy and environmental friendliness, underscores a significant trend in the market. These factors collectively underscore the multifaceted growth drivers influencing the market, emphasizing the critical role of fire safety in various sectors.
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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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).
The market share growth by the halogen segment will be significant during the forecast period. Halogen was the largest segment of the 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 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 2.95 billion in 2017. 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 carbon connection, 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 market in 2022 and will continue to remain the largest segment during the forecast period. The demand is growing rapidly in APAC. The easy availability of raw materials and low-cost labor in most APAC countries makes it a potential market. The major countries leading the regional 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 market in the region during the forecast period.
The market is driven by fire safety laws and building standards, which require the use of flame-retardant materials in construction. These chemicals are used in various applications, including insulation, flooring, and cables, to reduce the risk of fire accidents. The market is also influenced by sustainability trends, as companies seek environmentally friendly solutions to meet regulations. However, concerns exist regarding the use of persistent organic pollutants and their impact on ecosystems and wildlife. Major players market include producers of ATH, antimony oxides, and FR1025, who play a crucial role in ensuring fire safety in infrastructure development projects and the growing adoption of electric vehicles (EVs) and renewable energy systems. 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 Market Driver
The rise in infrastructure development is a key factor driving the growth of the 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, which will boost the growth of the market during the forecast period.
Significant Market Trend
The increased demand for non-halogenated flame retardants is the primary trend in the 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 retardants are used in abundance, which will boost the growth of the market during the forecast period.
Environmental and health concerns caused by flame retardants are a major challenge to the growth of the market. These retardants used in different applications contain toxic chemicals that can cause various health risks to humans, such as neurological damage, cancer, and hormone disruption. They 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 the 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 market during the forecast period.
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 Market Customer Landscape
Companies 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 Industries 1993 Ltd. - 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 companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.
The market is crucial for ensuring fire safety in various industries, including construction materials, wires & cables, and telecommunications. However, concerns exist regarding the use of harmful chemicals and their impact on human health, including neurological and developmental issues. To address these concerns, there is a growing demand for environmentally friendly options that comply with fire performance standards and regulation limits set by local building authorities.
Furthermore, companies like Dow Corning play a significant role in developing flame retardant synergists for applications such as building insulation, engineering thermoplastics, and circuit boards. Despite challenges such as industrial shutdowns and supply chain disruptions, the market continues to innovate to meet the demand for safer products. The flame retardants market ecosystem is influenced by health effects, including neurological issues, associated with endocrine disruptors used in manufacturing. Rapid urbanization has led to increased use of combustible materials, prompting stricter fire and safety regulations. Flame retardant synergists like hexabromocyclododecane (HBCD) and aluminum trihydroxide are key considerations for manufacturers and consumers alike.
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 1.94 billion |
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 companies, Market Positioning of companies, 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 Forecasting, 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 market 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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