The global Flame Retardants market was valued at USD 5.08 billion in 2016 and is projected to reach USD 7.23 billion by 2025, growing at a CAGR of 4.0% from 2017 to 2025.
The occurrences of a building catching fire are increasing at an alarming rate. Many construction companies and other industries are now taking care while construction or up-gradation of an existing facility. Flame retardants are gaining a lot of importance and with a rise in construction activity, the demand for flame retardants is expected to grow rapidly.
Sample Infographics:
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Market Dynamics:
1. Market Drivers
1.1 Stricter fire safety regulations
1.2 Increasing demand in end-use industries
2. Market Restraints
2.1 Environmental and health concerns regarding the usage of flame retardants
Market Segmentation:
The global Flame Retardants market is segmented on the basis of product, application, end-use, and region.
1. By Product:
1.1 ATH
1.2 Phosphorous Flame Retardants
1.3 Brominated Flame Retardants
1.4 Chlorinated Flame Retardants
1.5 Antimony Oxide
1.6 Others
2. By End-Use:
2.1 Automotive
2.2 Textiles
2.3 Building and Construction
2.4 Wires & Cables
2.5 Electronics
2.6 Others
3. By Application:
3.1 Polyolefins
3.2 Unsaturated Polymer
3.3 Epoxy
3.4 PVC
3.5 Polystyrene
3.6 Polyurethane
3.7 Polyamide
3.8 ABS
3.9 PET and PBT
4. By Region:
4.1 North America U.S., Canada, Mexico
4.2 Europe Germany, UK, France, Rest of Europe
4.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
4.4 Latin America Brazil, Argentina, Rest of Latin America
4.5 the Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Chemtura Corporation
2. Clariant International Ltd.
3. Israel Chemicals Ltd.
4. Lanxess AG
5. DOW Chemical Company
6. AkzoNobel
7. Albemarle Corporation
8. Nabaltec AG
9. Huber Engineered Materials
10. BASF SE
11. Italmatch Chemicals
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports:
Research study on the Flame Retardants market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check, and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also, market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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