Non Halogenated Flame Retardants Market Share, Growth And Forecast Report To 2020 : Radiant Insights,Inc
RadiantInsights.com has announced the addition of “Global Non Halogenated Flame Retardants Market Trends, Growth And Forecast Report Up To 2020 : Radiant Insights, Inc” Market Research Report to their Database.
San Francisco, United States – October 29, 2015 /MarketersMedia/ —
The Non-Halogenated Flame Retardants Market is expected to rise in the future. This is due to construction boom in the economies of Russia and China. The market would reach 2 million tons by 2020. It is estimated to grow at a CAGR of 7.3% during 2014 to 2020 (forecast period).
Non-halogenated flame retardants are compounds mixed with manufacturing materials to suppress flames. They are devoid of halogens, improving the former’s efficiency and safety. These retardants are recyclable and emit less smoke during disposal. They adhere to the guidelines of the EPA (Environmental Protection Agency) in the U.S. and REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) in Europe.
Aluminum hydroxide is the largest product in the non-halogenated flame retardants market. It was valued at more than USD 350 million in 2013. This product was preferred in the U.S. and Western Europe due to safety and low cost features.
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Phosphorus is the second-largest product. It accounted for over 10% shares in 2013. Inorganic and organic are the two sub-segments of this product. The construction sector was the market’s biggest end-user in the same year and contributed about USD 500 million.
Regulations concerning safety and health will also propel the non-halogenated flame retardants market. The construction sector in China has contributed huge revenues to the market. This sector generated around USD 1.7 trillion in 2013. Transportation occupied more than 20% of the market demand that year. Fire safety regulations for this end-user would steer market sales.
Demand for safety materials in wires and pipes and increasing infrastructure for electricity will make transportation the fastest-growing end-user. Polyolefins and rubber are the two main applications. The region of North America led the market in 2013 with revenues exceeding USD 550 million. Europe accounted for over 30% of the overall demand. It would profit further in the forecast period.
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The Asian Pacific non-halogenated flame retardants market expects to grow the fastest. It will display 7.5% CAGR in the aforementioned period. The key market players include Chemtura, Albemarle, DuPont, Clariant International Ltd., and BASF. They are investing on novel products to capture more shares and stay ahead of others.
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