Flame Retardant market growth

The Flame Retardant Market is projected to hit $14.2 billion by 2030, growing at a CAGR of 6.9% during the forecast period.

Automobile Sector to Influence Flame Retardant Market

The rise in demand for plastic components in the growing automotive sector to decrease the weight of vehicles can fuel the Flame Retardants Market upsurge. As plastics are highly susceptible to fire, Flame Retardants are integrated into automotive seats and other interior parts of vehicles. On the contrary, an increase in stringency in regulations on the enforcement of conventional flame retardants can hinder the market upsurge in the years to come. However, the growing utility of recyclable halogen-free Flame Retardants and surge in plastic manufacturing can bring lucrative opportunities for the worldwide flame retardants market  in the evaluation period.

Market Segmentation:

The Segment Study of the Global Flame Retardants Market is done by Application, Type, and Resin.

Non-Toxic Halogen-Free Flame Retardants to Witness High Sales

The Type-Based Segments of the Global Flame Retardants Market are halogenated Flame Retardants and non-halogenated retardants. The non-halogenated segment can hold over 60% of the worldwide market by 2025. The segment can thrive at 7% CAGR in the analysis period due to an increase in preference for people towards non-toxic halogen-free Flame Retardants. In addition, the enforcement of stringent regulations on different conventional Flame Retardants can also boost the segment.

The Resin-Based Segments of the Global Flame Retardants Market are polypropylene, polyethylene, epoxy, polyvinyl chloride, unsaturated polyesters, styrenics, rubber, and engineered thermoplastics among others. The polyethylene segments can secure the highest share in the worldwide market. The segment can thrive owing to the versatile physical properties of polyethylene, such as high strength, toughness, and rigidity. Moreover, the surge in demand for Flame Retardant polyethylene in the production of automotive components, and building and construction solutions, is another key cause that supports the expansion of the segment in the years to come. The polyethylene segment can witness 8% CAGR between 2019 and 2025 and can earn about USD 3,500 Mn by 2025.

The Application-Based Segments of the Worldwide Flame Retardants Market are electricals & electronics, building & construction, transportation, and textiles among others. The building and construction segment can hold the largest market share in the years to come. The surge in refurbishment activities across Indonesia, China, and India; and the hike in government investments for multiple infrastructural developments can support the expansion of the segment. The widescale application of polymers in the construction and building industry can favor market expansion. As per the MRFR study, the flame retardants market can rise at 7.5% CAGR across the study period from 2019 to 2025.

Request For A Free Sample Report — https://www.marketresearchfuture.com/sample_request/2506

Key Players Locking Horns:

The worldwide flame retardants market is characterized by the existence of numerous local vendors, and global, and regional vendors. These eminent players in the global flame retardants market are deploying numerous strategies, such as; alliances, expansion, joint ventures, mergers & acquisitions, and expansion to gain a global foothold. The increase in the geographic presence of certain companies, along with and product launches, can aid in gaining a competitive edge over other. Multiple players are deploying robust growth strategies to capture the maximum market share.

Some Reputed Companies in the Flame Retardants Market that are listed by MRFR are:

  • LANXESS
  • Clariant
  • ICL
  • BASF SE
  • Nabaltec AG
  • RTP Company
  • Celanese Corporation
  • Kisuma Chemicals
  • Dow
  • Greenchemicals SpA
  • Amfine Chemical Corporation
  • Akzo Nobel N.V.
  • Italmatch Chemicals SpA,
  • J.M. Huber Corporation

Regional Status:

The Identification of Regional Growth Pockets of the Global Flame Retardants Market is studied for North America, Asia-Pacific, Middle East & Africa, Europe, and Latin America.

Increase in Dwellings for Nuclear Family to Benefit APAC and EU Market

In Asia Pacific, the Flame retardant polymers can thrive due to rise in construction activities owing to the increase in need for nuclear family dwellings. As per the MRFR study, the Flame Retardants Market in APAC can thrive at 7.5% CAGR by 2025. The surge in the application of flame retardants in electrical, consumer electronics, and automotive industries can support the expansion of the regional market. In North America, the hike in per capita spending on different infrastructural developments by individuals and governments can favor the regional market in the near future. MRFR study suggests that the EU Flame Retardants Market can rise at 5.5% CAGR in the analysis period. In North America, the market is expected to hold about 20% share of the worldwide market. By 2025, the Flame Retardants Market can rise at nearly 6% CAGR.

Related report — 

  1. AdBlue Market Size https://www.etimeweekly.com/2023/01/16/adblue-%e5%b8%82%e5%9c%ba%ef%bc%8c%e6%8a%a5%e5%91%8a%e5%8c%85%e6%8b%ac%e5%8a%a8%e6%80%81%e3%80%81%e5%8c%ba%e5%9f%9f%e6%94%b6%e5%85%a5%e9%a2%84%e6%b5%8b%e3%80%81%e4%ba%a7%e5%93%81%e5%92%8c%e5%ba%94/

  2. Swimming Pool Treatment Chemicals Industry https://www.etimeweekly.com/2023/01/16/swimming-pool-treatment-chemicals-industry-qualitative-analysis-on-demand-ineos-uk-sumitomo-chemical-co-ltd-agc-inc-ercros-s-a/

  3. Flat Steel Market https://www.etimeweekly.com/2023/01/16/2022-2030-%e5%b9%b4%e6%89%81%e9%92%a2%e5%b8%82%e5%9c%ba%ef%bc%9a%e5%bd%b1%e5%93%8d%e5%a2%9e%e9%95%bf%e7%9a%84%e7%89%b9%e5%ae%9a%e8%a1%8c%e4%b8%9a%e6%9c%ba%e9%81%87%e5%92%8c%e8%b6%8b%e5%8a%bf/

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com