Flame Retardants Market Research Estimated by CAGR of 5.86%, Industry Share, Size, Growth Trends, Key Players, Global Analysis 2022
Global Flame Retardants Market Information- By Type(Brominated, Phosphorus, Nitrogen, Chlorinated, Metal Hydrate), Application (Plastics, Fabrics, Cable and Wires, Polyurethane Foam) End User (Transportation, Packaging Industry, Military & Aerospace Industry, Building & Construction, Electronics) and By Region Forecast till 2022
Pune, India – March 28, 2019 /MarketersMedia/ —
Flame Retardants Market Overview:
The Global Flame Retardants Market is expected to witness a CAGR of 5.86% during the forecast period of 2018 to 2022. According to Market Research Future, this projection indicates a consistent upward trend in the global market. Flame retardants are popularly added to various chemicals and materials to imbue them with the ability to resist fire or to reduce the impact of a fire. Flame retardants are vital in the treatment of various materials which would otherwise be flammable, this essential feature of flame retardants is a key factor driving growth for the market.
Flame retardants refer to a variety of chemical substances that help prevent fire and slow down the ignition from spreading. They are added to combustible materials to increase their fire safety and reduce the risk of the same. It has considerably helped increase fire safety and has curbed down the destructive impact of fires on properties, people, and the environment. They are added to potentially flammable materials like textiles and plastics to prevent it from any fire hazard. These retardants are found in a wide variety of applications like cables and wires, plastics, polyurethane foam, fabrics, and others.
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Flame Retardants Market Key Players:
Prominent players who have been included in the analysis of the competitive landscape in the report on the global flame retardants market include Albemarle Corporation, BASF SE, The Dow Chemical Company Co., Chemtura Corporation, Clariant International Ag, China Antimony Chemicals Co. Ltd, AkzoNobel NV, and others.
Flame Retardants Market Segmentation:
The global flame retardants market has been segmented on the basis of types, application, end-users, and region. By types, the market has been segmented into brominated, phosphorus, nitrogen, chlorinated, metal hydrate and others.
By application, the market has been segmented into plastics, fabrics, cable & wires, polyurethane foam, and others.
By end-user, the market has been segmented into transportation packaging industry, military & aerospace industry, building & construction, electronics, and others.
By region, the global market has been segmented into North America, Europe, Latin America, the Middle East & Africa and the Asia-Pacific.
Flame Retardants Market Regional Analysis:
Globally, Asia Pacific is the leading region in the market on account of growing consumption of fire prevention materials in construction, electrical & electronics, and military sectors. These coverings are used to impart corrosion resistance and responsive nature to the final product. Growing population and a surge in demand are the major drivers behind the growth in the market during the assessment period. This market is expected to grow at a higher rate due to highest penetration of aluminium hydroxide in the non-halogenated segment. The North America and Europe region is expected to witness moderate growth in U.S., Canada and Mexico due to stringent regulations proposed by the government regarding the toxicity of the product.
Electrical & electronics and construction industries has realized the importance of Flame Retardants in the industry and anticipated to continue its rising growth over the assessment period. Epoxy resins and polyolefin are the most used advanced coatings in the industry as they offer extraordinarily high flame-retardant flame capacity and used as a coating in the end-use industries. The use of fire-resistant materials in construction industry is expected to grow in the coming years due to its insulation ability offered by the product. Additionally, the growing investments and rise in the disposable income have resulted into a notable growth in the market in the last couple of years.
Flame Retardants Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Flame Retardants Market
Flame Retardants Market Table of Content to be Continue…….,
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