Non-halogenated Flame Retardants Market Size, Share & Trends Analysis Report By Product, By Application, By End-use (Construction, Transportation, Electrical & Electronics & Electronics, Others), By Region, And Segment Forecasts, 2023 - 2030

Non-halogenated Flame Retardants Market Size, Share & Trends Analysis Report By Product, By Application, By End-use (Construction, Transportation, Electrical & Electronics & Electronics, Others), By Region, And Segment Forecasts, 2023 - 2030

Non-halogenated Flame Retardants Market Growth & Trends

The global non-halogenated flame retardants market size is expected to reach USD 9.75 billion by 2030, registering a CAGR of 8.0% during the forecast period, according to a new report by Grand View Research, Inc. Concern for human health and environment has led to many countries banning halogen based flame retardants. These regulations and legislations are key factors positively affecting the demand for halogen free retardants. Polymers are being increasingly used in many end use industries such as automotive, electrical, construction, etc. Increased use of polymers has given a significant rise to risk of fire accidents. Extensive use of non-halogenated flame retardants for countering these instances will lead to its increased demand and eventual market growth. However, issues with processing of these materials are expected to be a challenge for market participants.

Non-halogenated Flame Retardants Market Report Highlights

• The global market for non-halogenated flame retardants is expected to reach USD 9.75 billion, growing at an estimated CAGR of 8.0% from 2023 to 2030.
• Phosphorous based retardants are expected to growing at an fastest CAGR of 8.1% till 2030. It is also estimated to be the fastest growing segment in revenue terms.
• Construction is expected to lead non-halogenated flame retardants end-use segment in terms of revenue, expected to grow at the fastest CAGR of 10.1% over the forecast period.
• Asia Pacific was a dominant consumer of non-halogenated flame retardants in 2022 with 46.1% volume share and is expected to continue this trend with a CAGR of 9.0%.
• Market structure is fragmented with a number of players. Moreover, they are focusing on R&D activities to achieve product differentiation and gain a competitive edge.

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