Flame Retardants Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Flame Retardant Market
The flame retardant market size was valued at USD 7.09 billion in 2019, and the market is now projected to grow to USD 11.17 billion by 2027, exhibiting a CAGR of 5.9% during the forecast period of 2023-2030.
COVID- 19 pandemic has extremely affected the complete world. It affected many unexpected disruption and affected the industry. The pandemic caused in declined demand due to a disturbed supply chain, drop in sales of products, delivery lists.
The growing guidelines regarding fire & safety is the key market development driver. Governments of numerous countries around the world are motivated to inhibit fire and outburst related misfortunes in offices, industries, and public spaces. This has led to execution of severe rules and guidelines for the industries, to inspire the use of these retardants. They are used in cables, wires, construction products, insulation materials, textiles, automotive components & interiors, and paints and coatings to slow down the spread of fires. The rules and guidelines across diverse countries have made it compulsory for the producers to use flame retardants in their products.
Strict fire and safety guidelines executed by the government for nearly all the businesses are growing the demand for the growth of advanced retardants. Market performers are developing effective synergists for augmenting their fire retarding property. The addition of synergist in these products can decrease the quantity required to offer same level of non-flammability. Synergists are also planned to overcome difficulties such as corrosively and inform properties such as excellent dispersion and UV stability. The improvement of innovative and effective synergists will enhance the flame retardant market growth.
Comprehensive Analysis of Flame Retardant Market
The market can be segmented in various ways, depending on the focus of analysis such as by chemistry, by end user. Based on chemistry, the market is classified into ATH, brominated, antimony oxides, chlorinated, phosphorous compounds, and others. Based on end user, the market is segmented into automotive, construction, wire & cable, electrical & electronics, textile, and others.
Asia Pacific region is dominating the flame retardant market share due to occurrence of key electronics industries, and growing construction activities.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include LANXESS (Germany), ICL Group (Israel), Albemarle Corporation (United States), Dow (United States), BASF SE (Germany), Nabaltec AG (Germany), Akzo Nobel N.V. (Netherlands), Italmatch Chemicals S.p.A. (Italy), Kisuma Chemicals (Netherlands), Thor (UK), Huber Engineered Materials (United States), Other Key Players these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In December 2018, LANXESS to spend US$ 222.3 million in the flame retardant products. The firm will finance the amount in their plants located in the U.S., Germany, and UK. The investment will significantly support the presence of the company.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year2019
Forecast Period2020-2027
Historical Period2016-2018
UnitValue (USD Billion)
SegmentationBy Chemistry
ATH
Brominated
Antimony Oxides
Chlorinated
Phosphorous Compounds
Others
By End User
Automotive
Construction
Wire & Cable
Electrical & Electronics
Textile
Others
By Geography
North America (the U.S., and Canada)
Europe (Germany, France, UK, Italy, Spain, Russia, and the Rest of Europe)
Asia Pacific (China, Japan, India, Southeast Asia, and the Rest of Asia Pacific)
Latin America (Brazil, Mexico, and the Rest of Latin America)
Middle East& Africa (GCC, Turkey, and the Rest of Middle East & Africa)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Global Flame Retardant Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Chemistry
- 5.2.1. ATH
- 5.2.2. Brominated
- 5.2.3. Antimony Oxide
- 5.2.4. Chlorinated
- 5.2.5. Phosphorous Compounds
- 5.2.6. Others
- 5.3. Market Analysis, Insights and Forecast – By End User
- 5.3.1. Automotive
- 5.3.2. Construction
- 5.3.3. Wire & Cable
- 5.3.4. Electrical & Electronics
- 5.3.5. Textile
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Flame Retardant Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Chemistry
- 6.2.1. ATH
- 6.2.2. Brominated
- 6.2.3. Antimony Oxide
- 6.2.4. Chlorinated
- 6.2.5. Phosphorous Compounds
- 6.2.6. Others
- 6.3. Market Analysis, Insights and Forecast – By End User
- 6.3.1. Automotive
- 6.3.2. Construction
- 6.3.3. Wire & Cable
- 6.3.4. Electrical & Electronics
- 6.3.5. Textile
- 6.3.6. Others
- 6.4. Market Analysis,Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Flame Retardant Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Chemistry
- 7.2.1. ATH
- 7.2.2. Brominated
- 7.2.3. Antimony Oxide
- 7.2.4. Chlorinated
- 7.2.5. Phosphorous Compounds
- 7.2.6. Others
- 7.3. Market Analysis, Insights and Forecast – By End User
- 7.3.1. Automotive
- 7.3.2. Construction
- 7.3.3. Wire & Cable
- 7.3.4. Electrical & Electronics
- 7.3.5. Textile
- 7.3.6. Others
- 7.4. Market Analysis – By Country
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. UK
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
- 8. Asia Pacific Flame Retardant Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Chemistry
- 8.2.1. ATH
- 8.2.2. Brominated
- 8.2.3. Antimony Oxide
- 8.2.4. Chlorinated
- 8.2.5. Phosphorous Compounds
- 8.2.6. Others
- 8.3. Market Analysis, Insights and Forecast – By End User
- 8.3.1. Automotive
- 8.3.2. Construction
- 8.3.3. Wire & Cable
- 8.3.4. Electrical & Electronics
- 8.3.5. Textile
- 8.3.6. Others
- 8.4. Market Analysis – By Country
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. Southeast Asia
- 8.4.5. Rest of Asia Pacific
- 9. Latin America Flame Retardant Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Chemistry
- 9.2.1. ATH
- 9.2.2. Brominated
- 9.2.3. Antimony Oxide
- 9.2.4. Chlorinated
- 9.2.5. Phosphorous Compounds
- 9.2.6. Others
- 9.3. Market Analysis, Insights and Forecast – By End User
- 9.3.1. Automotive
- 9.3.2. Construction
- 9.3.3. Wire & Cable
- 9.3.4. Electrical & Electronics
- 9.3.5. Textile
- 9.3.6. Others
- 9.4. Market Analysis – By Country
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 10. Middle East & Africa Flame Retardant Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Chemistry
- 10.2.1. ATH
- 10.2.2. Brominated
- 10.2.3. Antimony Oxide
- 10.2.4. Chlorinated
- 10.2.5. Phosphorous Compounds
- 10.2.6. Others
- 10.3. Market Analysis, Insights and Forecast – By End User
- 10.3.1. Automotive
- 10.3.2. Construction
- 10.3.3. Wire & Cable
- 10.3.4. Electrical & Electronics
- 10.3.5. Textile
- 10.3.6. Others
- 10.4. Market Analysis – By Country
- 10.4.1. GCC
- 10.4.2. Turkey
- 10.4.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.1.1. Clariant
- 11.1.1.1. Overview,
- 11.1.1.2. Products & services,
- 11.1.1.3. SWOT analysis,
- 11.1.1.4. Recent developments,
- 11.1.1.5. strategies,
- 11.1.1.6. financials (based on availability)
- 11.1.2. Lubrizol Corporation
- 11.1.2.1. Overview,
- 11.1.2.2. Products & services,
- 11.1.2.3. SWOT analysis,
- 11.1.2.4. Recent developments,
- 11.1.2.5. strategies,
- 11.1.2.6. financials (based on availability)
- 11.1.3. LANXESS
- 11.1.3.1. Overview,
- 11.1.3.2. Products & services,
- 11.1.3.3. SWOT analysis,
- 11.1.3.4. Recent developments,
- 11.1.3.5. strategies,
- 11.1.3.6. financials (based on availability)
- 11.1.4. ICL Group
- 11.1.4.1. Overview,
- 11.1.4.2. Products & services,
- 11.1.4.3. SWOT analysis,
- 11.1.4.4. Recent developments,
- 11.1.4.5. strategies,
- 11.1.4.6. financials (based on availability)
- 11.1.5. Albemarle Corporation
- 11.1.5.1. Overview,
- 11.1.5.2. Products & services,
- 11.1.5.3. SWOT analysis,
- 11.1.5.4. Recent developments,
- 11.1.5.5. strategies,
- 11.1.5.6. financials (based on availability)
- 11.1.6. Dow
- 11.1.6.1. Overview,
- 11.1.6.2. Products & services,
- 11.1.6.3. SWOT analysis,
- 11.1.6.4. Recent developments,
- 11.1.6.5. strategies,
- 11.1.6.6. financials (based on availability)
- 11.1.7. BASF SE
- 11.1.7.1. Overview,
- 11.1.7.2. Products & services,
- 11.1.7.3. SWOT analysis,
- 11.1.7.4. Recent developments,
- 11.1.7.5. strategies,
- 11.1.7.6. financials (based on availability)
- 11.1.8. Nabaltec AG
- 11.1.8.1. Overview,
- 11.1.8.2. Products & services,
- 11.1.8.3. SWOT analysis,
- 11.1.8.4. Recent developments,
- 11.1.8.5. strategies,
- 11.1.8.6. financials (based on availability)
- 11.1.9. Akzo Nobel N.V.
- 11.1.9.1. Overview,
- 11.1.9.2. Products & services,
- 11.1.9.3. SWOT analysis,
- 11.1.9.4. Recent developments,
- 11.1.9.5. strategies,
- 11.1.9.6. financials (based on availability)
- 11.1.10. Italmatch Chemicals S.p.A.
- 11.1.10.1. Overview,
- 11.1.10.2. Products & services,
- 11.1.10.3. SWOT analysis,
- 11.1.10.4. Recent developments,
- 11.1.10.5. strategies,
- 11.1.10.6. financials (based on availability)
- 11.1.11. Kisuma Chemicals
- 11.1.11.1. Overview,
- 11.1.11.2. Products & services,
- 11.1.11.3. SWOT analysis,
- 11.1.11.4. Recent developments,
- 11.1.11.5. strategies,
- 11.1.11.6. financials (based on availability)
- 11.1.12. Thor
- 11.1.12.1. Overview,
- 11.1.12.2. Products & services,
- 11.1.12.3. SWOT analysis,
- 11.1.12.4. Recent developments,
- 11.1.12.5. strategies,
- 11.1.12.6. financials (based on availability)
- 11.1.13. Huber Engineered Materials
- 11.1.13.1. Overview,
- 11.1.13.2. Products & services,
- 11.1.13.3. SWOT analysis,
- 11.1.13.4. Recent developments,
- 11.1.13.5. strategies,
- 11.1.13.6. financials (based on availability)
- 11.1.14. Other Key Players
- 11.1.14.1. Overview,
- 11.1.14.2. Products & services,
- 11.1.14.3. SWOT analysis,
- 11.1.14.4. Recent developments,
- 11.1.14.5. strategies,
- 11.1.14.6. financials (based on availability)
- 12. Strategic Recommendations
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