Flame Retardants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

Flame Retardants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

The global flame retardants market is projected to witness a steady growth during the forecast period, 2023-2027. The market growth can be attributed to the high demand for flame retardants across various end-user industries such as transportation, construction, electrical & electronic industry, and an increase in fire safety regulations. Besides, rising safety concerns and booming sales of electronic products are anticipated to accelerate the global flame retardants market growth in the forecast period. In 2021, the global demand for flame retardants was more than 2.45 million tons, and the number is expected to grow at a formidable rate. Globally, stricter fire safety laws have prompted industry companies to create cutting-edge flame retardants. As North America and Europe have implemented stringent security measures for the sake of public health and the environment, the demand for flame retardants is expected to increase in the coming years.

Besides, the growing disposable income of consumers and rising internet penetration are boosting the sales of electronic products. Furthermore, the advent of advanced technologies coupled with the ongoing research and development activities are positively influencing the growth of the global flame retardants market. Increasing investments to advance flame retardant technology with qualities like UV stability, corrosive resistance, and excellent dispersion in flame retardant materials are expected to influence the demand for the global flame retardants market through the forecast period.

The global flame retardants market is segmented on the basis of type, polymer, application, regional distribution, and competitive landscape. Based on the polymer type, the market is divided into polyamide, polyesters, epoxy, polyolefin, vinyl ester, polyurethanes, and others. Epoxy is expected to register the highest growth in the market during the forecast peirod, owing to its wide applications in the automotive and electronics industries.

Key players operating in the global flame retardants market are Lanxess AG, The Dow Chemical Company, BASF SE, Clariant Corporation, Dover Chemical Corporation, Nabaltec AG, Akzo Nobel N.V., ICL Industrial Products, Broadview Technologies Inc., Asahi Kasei, Adeka Corporation, Budenheim, LyondellBasell, and DSM, among others.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022

Forecast Period: 2023–2027

Objective of the Study:

• To analyze the historical growth in the market size of the global flame retardants from 2017 to 2021.
• To estimate and forecast the market size of global flame retardants market from 2023 to 2027 and growth rate until 2027.
• To classify and forecast the global flame retardants market based on type, polymer, application, region, and company.
• To identify the dominant region or segment in the global flame retardants market.
• To identify drivers and challenges for the global flame retardants market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global flame retardants market.
• To identify and analyze the profiles of leading players operating in the global flame retardants market.
• To identify key sustainable strategies adopted by market players in global flame retardants market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of the Global flame retardants market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global flame retardants market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Flame Retardants Market, By Type:
• Non-Halogenated
• Aluminium Trihydroxide Organophosphorus Compounds
• Antimony Oxides
• Halogenated
• Brominated & Chlorinated
• Others
• Flame Retardants Market, By Polymer:
• Polyamide
• Polyesters
• Epoxy
• Polyolefin
• Vinyl Ester
• Polyurethanes
• Others
• Flame Retardants Market, By Application:
• Construction
• Electrical & Electronics
• Manufacturing
• Textile
• Automotive
• Others
• Flame Retardants Market, By Region:
• North America
• United States
• Mexico
• Canada
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Australia
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• UAE
• Saudi Arabia
• Kuwait

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global flame retardants market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights