Global Flame Retardant Market Size & Strategic Insights 2032
from web site
The global flame retardant market size was valued at USD 7.09 billion in 2019 and is projected to reach USD 11.17 billion by 2027, exhibiting a CAGR of 5.9% during the forecast period. Flame retardants are chemicals added to flammable materials such as plastic, coatings, textiles, and others to prevent fire incidents. Flame retardants are also added to products such as electric wires, computers, mattresses, foams, automobile parts, and others for protection against fire. A recently published report by Fortune Business Insights, titled, “Flame Retardant Market Size, Share & Industry Analysis, By Chemistry (ATH, Brominated, Antimony Oxides, Chlorinated, Phosphorous Compounds, and Others), By End User (Automotive, Construction, Wire & Cable, Electrical & Electronics, Textile, and Others), and Regional Forecast, 2025-2032.”
The Report Answers the Following Questions:
- What is the competitive landscape of the market?
- How will end-user applications help promote growth?
- What are the key strategies adopted by players in this market?
- What are the significant industry developments in this market?
Get Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/flame-retardants-market-102909
Drivers & Restraints:
Why is the flame retardant market growing?
- Stringent fire safety regulations are a major driver, compelling manufacturers to use flame retardants in a wide range of products.
- Rising consumption of brominated compounds in consumer and industrial products further boosts demand.
- Development of advanced synergists (innovative additives that enhance flame-retardant performance) is expected to accelerate market expansion.
What factors could restrain the market?
-
Growing health and environmental concerns have led to restrictions on conventional flame retardants.
-
These regulations may temporarily slow market growth.
-
However, the increasing imposition of fire safety norms creates new opportunities as manufacturers shift toward safer, eco-friendly solutions.
Segmentation Analysis:
Which segment holds the largest share?
-
The antimony oxides segment held the highest market share in 2019 (26.6%).
Which segment is expected to dominate in the future?
-
The aluminium trihydrate (ATH) segment is projected to lead during the forecast period because it does not emit toxic smoke while burning, making it the preferred choice in multiple applications.
Regional Analysis:
Which region leads the market?
- Asia Pacific dominated the market in 2019 with USD 3,173.7 million revenue, driven by a strong electronics manufacturing base and rising construction activities.
Which regions will grow significantly in the future?
- North America – Strong growth expected due to mandatory fire safety regulations across industries.
- Europe – Significant rise in adoption due to growing use of flame retardants in the automotive sector.
Competitive Landscape:
Companies Investing Heavily on Innovative Product Development
Most of the global flame retardant market manufacturers are engaging in the development of product innovation and development, and are therefore investing heavily in the same. The others are focusing on manufacturing halogen-free flame retardants for gaining a significant position in the market.
Major Industry Developments of the Market for Flame Retardant include:
- December 2018: LANXESS will invest US$222.3 million in flame retardant products. The company will invest this amount in its plants located in the U.S., Germany, and the UK. The investment will substantially strengthen the company's presence.
- September 2016: ICL Group, a major producer of bromine and bromine-based products, is increasing its bromine compound capacity. The expansion involves an increase in production capacity by 50% of FR1025, an eco-friendly polymeric flame retardant for application in the automotive industry.
Some of the Key Players of the Flame Retardant Market include:
- Thor (UK)
- Italmatch Chemicals S.p.A. (Italy)
- Huber Engineered Materials (United States)
- Kisuma Chemicals (Netherlands)
- Nabaltec AG (Germany)
- Dow (United States)
- Akzo Nobel N.V. (Netherlands)
- BASF SE (Germany)
- ICL Group (Israel)
- Lubrizol Corporation (United States)
- Clariant (Switzerland)
- LANXESS (Germany)
- Others
Ask for Customization:
https://www.fortunebusinessinsights.com/enquiry/customization/flame-retardants-market-102909
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
