BUSINESS
Flame Retardants Market Report 2022 | Trends, Share, Size, Growth, Demand and Forecast 2027
According to the latest report by IMARC Group, titled, “Flame Retardants Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027“, The global flame retardants market reached a value of US$ 8.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2027, exhibiting a CAGR of 6.9% during 2022-2027.
Flame retardants refer to chemicals that are utilized to stop, prevent, or slow down the combustion of flammable materials, such as wood, plastic, paper, rubber, etc. They are produced using organ halogens, organophosphates, and numerous active compounds, including bromine, chlorine, phosphorus, nitrogen, etc. Flame retardants find extensive applications in the manufacturing of automobile bumpers, overhead compartments, seat covers, electronic devices, furnishing products, etc. They are also used in electric cables, polystyrene and polyurethane insulation foams, building and construction materials, etc.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/flame-retardants-market/requestsample
Market Trends
The growing product demand across several industries, such as automotive, electronics, construction, aviation, textile, etc., is primarily driving the flame retardants market. Furthermore, the increasing awareness among individuals and organizations regarding adequate fire management solutions to prevent fire accidents and property loss is also propelling the market growth. Besides this, the rising adoption of phosphorous-based flame retardants in rigid polyurethane foams is further augmenting the global market. Moreover, several innovations, including the development of halogen-free variants that are sustainable and safe for humans upon exposure, are catalyzing the market growth. In the coming years, the expanding chemical industry, coupled with the implementation of favorable fire safety regulations, is projected to fuel the flame retardants market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Almatis GmbH
- BASF SE
- Borealis GmbH (OMV Aktiengesellschaft)
- Budenheim Ibérica S.L.U
- Campine NV
- Clariant AG
- Dover Chemical Corporation (ICC Industries Inc.)
- Dow Inc.
- ICL Group Ltd
- Lanxess AG
- Otsuka Chemical Co. Ltd.
- RTP Company (Miller Waste Mills Inc.).
The report has segmented the market based on type, application and end use industry.
Breakup by Type:
- Alumina Trihydrate
- Brominated Flame Retardants
- Antimony Trioxide
- Phosphorus Flame Retardants
- Others
Breakup by Application:
- Unsaturated Polyester Resins
- Epoxy Resins
- PVC
- Rubber
- Polyolefins
- Others
Breakup by End Use Industry:
- Construction
- Wires and Cables
- Automotive and Transportation
- Electrical and Electronics
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/flame-retardants-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Website: https://www.imarcgroup.com
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800