Flame Retardants Chemical Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Single User License $3500

Flame Retardants Chemical Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : January, 2022 | Chemical & Materials

Report Digest


Global Flame Retardants Chemical Market: Snapshot

Flame retardant chemicals are very compelling in anticipating and checking the advancement of residential flames. Be that as it may, examines have shown that the presence of halogenated flame retardant chemicals makes the emanations more lethal and breathing in those discharges could prompt a genuine wellbeing hazard. Flame retardant chemicals don't change the properties of the parent part however defers the consumption of the material to a large extent.

Flame retardants have been utilized since Roman period for applications, for example, materials and wood. The flame retardant market sees a gargantuan growth in the 1970s when engineered materials ended up well known in the production of products. The interest for and the utilization of these combustible manufactured based products prompted governments around the globe requiring organizations delivering these engineered products to make them more secure from flame. In this way, in many regions, consumers in the flame retardant chemicals market are highly driven by government controls.

Recently, The Fire Retardant Additives specialty unit, some portion of the Huber Engineered Materials division of J.M. Huber Corporation, reported a significant capital venture to expand the generation limit with regards to Martinal LEO encouraged alumina trihydrate at its Martinswerk Plant in Bergheim, Germany. Execution of trend setting innovation as appeared by this illustration is required to fuel the global flame retardants chemical market in the approaching years.

In the meantime, the global flame retardant chemicals market may see solid development in construction applications. Extensive use of plastic and plastic-derived car production on account developing fuel proficiency demand and constraining carbon discharges may support flame retardant chemicals market. Moreover, increased demand from electrical and electronic applications such as cellular phones, laptops, and other consumer goods may boost the growth of the global flame retardants chemical market.

Global Flame Retardants Chemical Market: Overview

Flame retardant chemicals are basically added to consumer goods, namely clothing, furniture, coverings for electronic products, and for baby products to lessen their flammability. They do not alter the flammable property of the parent material but they do thwart the quickness of the burning of the material. Take for example polybrominated diphenyl ethers or PBDEs which are organobromine compounds used as flame retardant. Akin to various other brominated flame retardants, PBDEs find application in a range of products such as electronics, building marterials, motor vehicles, furnishings, airplanes, polyurethane foams, and textiles. The other kinds of flame retardant chemicals available in the market are be broadly classified as antimony oxide, chlorinated, and phosphorus.

Global Flame Retardants Chemical Market: Drivers and Restraints

At the forefront of driving demand in the market for flame retardants chemicals are the increasing regulations pertaining to fire safety. Further, flourishing end use industries such as electrical and electronics, and construction has also stoked the market big time. Flame retardant chemicals serve to lower the flammability of combustible surfaces and components. As a result, they find usage in making automobile parts and home furnishings. Both of these end use segments are seeing rapid growth because of the rising disposable incomes of people, particularly in nations of India and China.

Despite such a promising outlook on account of the aforementioned drivers, the global market for flame retardants is not being able to achieve its full potential because of the rising prices of raw materials, which in turn, is because of their shortage. Another factor posing a major challenge to the market growth is the toxicity issues with the product which can cause harm to human health. For example, the brominated flame retardants, including the PBDEs, which are a widely used class of chemicals can cause thyroid and cancer, and even interfere with the brain development of children. As a result, commercial usage of such chemicals are being phased out. This is one crucial roadblock the market needs to overcome.

Global Flame Retardants Chemical Market: Trends and Opportunities

A noticeable trend in the global market for flame retardants chemical is companies pouring money into research and development to come up with products that comply with strict rules pertaining to their chemical compositions. Realizing the harm it can cause to the environment, and more importantly to human health, governments of various nations have framed stringent regulations regarding their production and usage. As a result, savvy manufacturers are seen working on improved production processes for bio-based flame retardant chemicals which might provide a much needed fillip to the market in the near future.

In order to overcome the various challenges in the market, players are also seen developing substitutes for traditional raw materials that are cost effective and available easily. They are also banking upon different promotional activities to tap into the relatively underpenetrated markets of the Middle East and Africa.

Global Flame Retardants Chemical Market: Regional Analysis

From a geographical perspective, Asia Pacific is an attractive market owing to the burgeoning electronics and construction industry in the region. This is mainly account of the large developing and populous economies of India and China. Europe and North America are other key markets that are responsible for substantial sales.

Global Flame Retardants Chemical Market: Competitive Landscape

Some of the key participants in the global market for flame retardants that have been profiled in the report are Dow Chemical Company, Clariant AG, Lanxess AG, BASF SE, Du Pont, Albemarle Corp., and Akzo Nobel N.V.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?