Global Flame Retardant Chemicals Market

The global flame retardant market is expected to register a CAGR of 5.08%, during 2018-2023 (the forecast period). Flame-retardants are compounds added to or applied during the surface treatment of potentially flammable materials, including textiles, and plastics. They inhibit/ delay produce/suppress flames and curb the fire from spreading.

Market Dynamics

The demand for flame retardants is driven by the increase of infrastructure activities in the economies, such as India, China, Indonesia, and others, and the growing consumer demand for electrical & electronic products, across the world. Building & construction industry dominates the flame retardant chemicals market, with a significant share. The growing population, coupled with the increasing purchasing power among middle-class population in the developing economies such as India, South Korea, and ASEAN countries, has boosted the need for infrastructural projects such as recreational centers, shopping malls, sophisticated health care centers, high-rise buildings, and others, thus, accelerating the usage of flame retardant chemicals.

The growing demand and usage of flame retardant chemicals in the manufacture of consumer electrical & electronic goods are expected to boost the market growth.

The global market, based on type, has been segmented into non-halogenated flame retardants, such as inorganic compounds that include aluminum hydroxide, magnesium hydroxide, and boron compounds, phosphorus, nitrogen, and others, and halogenated flame retardants that include brominated and chlorinated compounds.

MARKET SCOPE

In terms of consumption, Asia-Pacific accounted for the major market share with almost 50% of the global market in 2017.

In Asia-Pacific, the major demand for flame retardant chemicals is from building & construction sector, as the construction industry is growing rapidly in the developing economies such as China, India, and ASEAN countries. In addition, the demand for flame retardant chemicals is increasing from electrical & electronics and transportation sector, with electrical & electronics segment being the fastest-growing application in the region.

MARKET DEVELOPMENTS

In Apr 2017, LANXESS completed the acquisition of US-based Chemtura, a leading manufacturer of flame retardant chemicals. The acquisition is expected to aid LANXESS in expanding its consumer base, especially in North America, and China

In May 2017, LANXESS successfully completed a project to increase the capacity of its Emerald Innovation 3000 flame retardant production unit to increase the sustainable output from 10,000 to 14,000 MT per year

In Jun 2016, Nyacol Nano Technologies, Inc., a US-based firm operating in the research, development, and manufacturing of inorganic colloids and nanomaterials, launched a new series of non-halogenated flame retardant, namely, BurnEx 608

WHY PURCHASE THIS REPORT?

Will the growing construction industry help accelerate the flame retardant chemicals market

What will be the impact of LANXESS acquiring Chemtura on the flame retardant chemicals market

Know about: the latest technological advancements in the manufacture of flame retardant chemicals

How regulations against halogenated flame retardant chemicals affecting the flame retardant chemicals market

Analyzing various market perspectives, with the help of porter’s five forces analysis

Which type of flame retardant chemical will dominate the market

Which of the regions will witness the fastest growth during forecast period

Identify the latest developments, market shares, and strategies employed by the major market players, such as:
Nabaltec AG
Huber Engineered Materials
BASF SE
DAIHACHI Chemical Industry Co., Ltd.