The Flame Retardants Market Size was valued at expected to reach USD 11.36 billion by 2030, and USD 7.57 billion in 2022 and grow at a CAGR of 5.2% over the forecast period 2023-2030. The Flame Retardants Market Report provides in-depth analysis of the Flame Retardants business. It provides and covers the most significant factors, which contain a variety of terminology. Challenges, charges, capacity, share, size, marketplace expansion, and technological improvements are among the factors included in the report's primary overview. The market overview also includes important vendors and players, as well as opportunities.
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Flame retardants are chemicals that are added to materials including fabrics, plastics, and coatings to prevent fires from starting. Transportation, construction, building, and electronics accessories are just a few of the end-user uses for flame retardants. This is also utilised in the polymerization, moulding, and extrusion processes. There are two types of flame retardants in the market: halogenated and non-halogenated flame retardants. owever, it also raises some severe environmental and health concerns. The Environmental Protection Agency (EPA), the European Union, and the United States have all banned the use of most halogenated flame retardants. These flame retardants are widely employed in a variety of end-use applications and have gotten a lot of attention as a result of the rising demand for flame retardants.
Drivers:
Increase this market's revenue using end use industries
High Demand in plastic component in the market of transportation and infrastructure sector
Restraints:
The disparity in raw material prices
In several nations, there are restrictions on the use of halogenated flame retardants
Opportunity:
Wire and cable compounds are in high demand
Challenge:
The importance of environmental protection and sustainability is increasing
Multiple businesses and regions are affected by the current covid epidemic. It has a negative influence on individuals as well as private and public institutions. The COVID 19 epidemic educates the market to recognise supply and demand chain gaps. The Covid 19 research also assists you in evaluating the value of market demand data for flame retardants. COVID 19 has hampered the market for flame restrictions, as it has any other business. Sales demand was disrupted and lowered, forcing the sector to implement additional measures. Several important actors and analysts are developing ideas to produce new measures that will assist the sector return to normal. The government proposed a number of efforts for the industry's growth targets in the current forecast years to avoid COVID 19 harming market statistics. As a result, the market is stable, and revenue generation is improved as a result of the increased potential.
By Type
Aluminum Trihydrate
Antimony Oxide
Brominated
Chlorinated
Phosphorous
Nitrogen
Others
By End-Use Industry
Building & Construction
Electronics & Appliances
Automotive & Transportation
Wires & Cables
Textile
Others
By Application
Epoxy
Unsaturated Polyester
Polyolefin
Polyvinyl chloride
Polyurethane
Polystyrene
Others
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During the projection period, Asia Pacific is expected to grow at the fastest rate. Over the projected period, Asia Pacific is expected to generate increased revenues from China and India due to strong expansion in resin consumption across both nations. Furthermore, because a substantial percentage of their output is exported to other nations, manufacturers in Asia Pacific are focussing their efforts on manufacturing environmentally friendly flame retardant products in order to meet the safety standards of North America or Europe. The growth of the regional market is supported by an increase in transportation and industrial operations in Asia Pacific, as well as other factors including low labour costs and inexpensive raw materials.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Amfine Chemical Corporation, Clariant, RTP Company Clariant, Akzo Nobel N.V., BASF SE, Green chemicals SpA, Nabaltec AG, ICL, Celanese Corporation, Italmatch Chemicals SpA, LANXESS, Kisumu Chemicals, M. Huber Corporation, Dow, and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 7.57 Billion |
| Market Size by 2030 | US$ 11.36 Billion |
| CAGR | CAGR of 5.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Aluminum Trihydrate, Antimony Oxide, Brominated, Chlorinated, Phosphorous, Nitrogen, Others) • By end-use industry (Building & Construction, Electronics & Appliances, Automotive & Transportation, Wires & Cables, Textile, Others) • By application (Epoxy, Unsaturated Polyester, Polyolefin, Polyvinyl chloride, Polyurethane, Polystyrene) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Amfine Chemical Corporation, Clariant, RTP Company Clariant, Akzo Nobel N.V., BASF SE, Green chemicals SpA, Nabaltec AG, ICL, Celanese Corporation, Italmatch Chemicals SpA, LANXESS, Kisumu Chemicals, M. Huber Corporation, Dow, and other players. |
| DRIVERS | • Increase this market's revenue using end use industries. • High Demand in plastic component in the market of transportation and infrastructure sector. |
| Restraints | • The disparity in raw material prices •In several nations, there are restrictions on the use of halogenated flame retardants. |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Amfine Chemical Corporation (US), Clariant (US), RTP Company Clariant (US), Akzo Nobel N.V. (The Netherlands), BASF SE(Germany), Green chemicals SpA (Italy), Nabaltec AG(Germany), ICL (Israel), Celanese Corporation (US), Italmatch Chemicals SpA (Italy), LANXESS(Germany), Kisumu Chemicals (The Netherlands), M. Huber Corporation (US) and Dow (US).
Ans: Wire and cable compounds are in high demand are the opportunity for Flame Retardants Market.
Ans: Flame retardants are chemicals that are added to materials including fabrics, plastics, and coatings to prevent fires from starting.
Ans: Flame Retardants Market Size was valued at expected to reach USD 10.35 billion by 2028, and USD 7.2 billion in 2021 and grow at a CAGR of 5.2 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Flame Retardants Market Segment, By Type
8.1 Aluminum Trihydrate
8.2 Antimony Oxide
8.3 Brominated
8.4 Chlorinated
8.5 Phosphorous
8.6 Nitrogen
8.7 Others
9. Flame Retardants Market Segment, By End-Use Industry
9.1 Building & Construction
9.2 Electronics & Appliances
9.3 Automotive & Transportation
9.4 Wires & Cables
9.5 Textile
9.6 Others
10. Flame Retardants Market Segment, By Application
10.1 Epoxy
10.2 Unsaturated Polyester
10.3 Polyolefin
10.4 Polyvinyl chloride
10.5 Polyurethane
10.6 Polystyrene
10.7 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profile
12.1 Amfine Chemical Corporation,
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Clariant
12.3 RTP Company Clariant
12.4 Akzo Nobel N.V.
12.5 BASF SE
12.6 Green chemicals SpA
12.7 Nabaltec AG
12.8 ICL
12.9 Celanese Corporation
12.10 Italmatch Chemicals SpA
12.11 LANXESS
12.12 Kisumu Chemicals
12.13 M. Huber Corporation
12.14 Dow
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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