The Flame Retardants Market was estimated at $7.8 billion in 2021 and is anticipated to increase to $14.0 billion by 2030, with a CAGR of 6.7% from 2023 to 2030.
Flame retardants refer to a variety of substances that are added to combustible materials to prevent fires from starting or to slow the spread of fire and provide additional escape time. The use of flame retardant is growing in the electronic business because of its property of diminishing the combustibility of burnable substances. The significant usage by the end-users of flame retardant includes building and development, car and transportation, electronics, wires and links, textiles, and different applications.
Increasing incidences of fire accidents have created the demand for material with flame-retarding properties. As well, increasing awareness among consumers about crucial escape time during fire incidents, the efficiency of flame retardants, and their advantages are anticipated to boost the demand for fire-resistant material. Additionally, fire safety standards and regulations formulated across the world are projected to have a positive impact on product demand. All these key aspects are propelling the growth of the global Flame Retardants market.
However, the harmful effects of the chemicals used in flame retardants may restrain the growth of the market. Besides this, many key players are focusing on the development and innovation in products is a crucial fact for the growth of the Flame Retardants market.
Covid-19 Impact on Flame Retardants Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Flame Retardants Market Segment Overview
In the Halogenated Product segment, the Brominated sub-segment has significant growth in the Flame Retardants market. Brominated flame retardants are extensively utilized in electronic castings, circuit handling, printed circuit boards, and other electrical segments to help beat the risks of overheating and fire risks. In addition, HBCD and Tetrabromobisphenol-A are the most commonly utilized brominated flame retardants. Furthermore, in the non-halogenated product segment, the Aluminum Hydroxide sub-segment accounted for the maximum share of the market. Increasing concerns over material health and safety in several industries, particularly in the U.S. and developed countries of Western Europe, coupled with low-cost advantages involved in the manufacturing of aluminum hydroxide flame retardants, are some key factors that intensifying the growth of the segment during the forecast period.
Flame Retardants Market, By Product
- Halogenated
- Brominated
- Chlorinated Phosphates
- Antimony Trioxide
- Others
- Non-halogenated
- Aluminum Hydroxide
- Magnesium Dihydroxide
- Phosphorus Based
- Others
· Polyolefins
· Epoxy resins
· UPE
· PVC
· ETP
· Rubber
· Styrenics
· Others
Flame Retardants Market, By End User
· Construction
· Transportation
· Electrical & Electronics
· Others
Flame Retardants Regional Overview
Regionally, Asia Pacific held the largest share of the global Flame Retardants market and is anticipated to witness the fastest growth throughout the forecast period. The Asia Pacific is expected to gain higher revenues from China and India in the forecast period due to substantial growth in the consumption of resins across both countries. Moreover, to follow the safety standards, the manufacturers in the Asia Pacific are significantly focusing on the production of environment-friendly flame retardant products. This fact is further beneficial for the development of the market in this region. Europe is another major region for Flame Retardants. Factors such as technological advancements in Europe, coupled with expanding application scope of flame retardants are contributed more to the market’s growth in this region.
Flame Retardants Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Flame Retardants Market, Key Players
· Albemarle Corporation
· ICL
· LANXESS A.G.
· Nabaltec A.G
· Clariant International Ltd.
· The Dow Chemical Company
· BASF SE
· Dover Corporation
· Akzo Nobel N.V.
· Broadview Technologies Inc.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Flame Retardants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Halogenated
- 5.2.1.1. Brominated
- 5.2.1.2. Chlorinated Phosphates
- 5.2.1.3. Antimony Trioxide
- 5.2.1.4. Others
- 5.2.2. Non-halogenated
- 5.2.2.1. Aluminum Hydroxide
- 5.2.2.2. Magnesium Dihydroxide
- 5.2.2.3. Phosphorus Based
- 5.2.2.4. Others
- 5.2.1. Halogenated
- 5.3.1. Polyolefins
- 5.3.2. Epoxy resins
- 5.3.3. UPE
- 5.3.4. PVC
- 5.3.5. ETP
- 5.3.6. Rubber
- 5.3.7. Styrenics
- 5.3.8. Others
- 5.4.1. Construction
- 5.4.2. Transportation
- 5.4.3. Electrical & Electronics
- 5.4.4. Others
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Flame Retardants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Halogenated
- 6.2.1.1. Brominated
- 6.2.1.2. Chlorinated Phosphates
- 6.2.1.3. Antimony Trioxide
- 6.2.1.4. Others
- 6.2.2. Non-halogenated
- 6.2.2.1. Aluminum Hydroxide
- 6.2.2.2. Magnesium Dihydroxide
- 6.2.2.3. Phosphorus Based
- 6.2.2.4. Others
- 6.2.1. Halogenated
- 6.3.1. Polyolefins
- 6.3.2. Epoxy resins
- 6.3.3. UPE
- 6.3.4. PVC
- 6.3.5. ETP
- 6.3.6. Rubber
- 6.3.7. Styrenics
- 6.3.8. Others
- 6.4.1. Construction
- 6.4.2. Transportation
- 6.4.3. Electrical & Electronics
- 6.4.4. Others
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Flame Retardants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Halogenated
- 7.2.1.1. Brominated
- 7.2.1.2. Chlorinated Phosphates
- 7.2.1.3. Antimony Trioxide
- 7.2.1.4. Others
- 7.2.2. Non-halogenated
- 7.2.2.1. Aluminum Hydroxide
- 7.2.2.2. Magnesium Dihydroxide
- 7.2.2.3. Phosphorus Based
- 7.2.2.4. Others
- 7.2.1. Halogenated
- 7.3.1. Polyolefins
- 7.3.2. Epoxy resins
- 7.3.3. UPE
- 7.3.4. PVC
- 7.3.5. ETP
- 7.3.6. Rubber
- 7.3.7. Styrenics
- 7.3.8. Others
- 7.4.1. Construction
- 7.4.2. Transportation
- 7.4.3. Electrical & Electronics
- 7.4.4. Others
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Flame Retardants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Halogenated
- 8.2.1.1. Brominated
- 8.2.1.2. Chlorinated Phosphates
- 8.2.1.3. Antimony Trioxide
- 8.2.1.4. Others
- 8.2.2. Non-halogenated
- 8.2.2.1. Aluminum Hydroxide
- 8.2.2.2. Magnesium Dihydroxide
- 8.2.2.3. Phosphorus Based
- 8.2.2.4. Others
- 8.2.1. Halogenated
- 8.3.1. Polyolefins
- 8.3.2. Epoxy resins
- 8.3.3. UPE
- 8.3.4. PVC
- 8.3.5. ETP
- 8.3.6. Rubber
- 8.3.7. Styrenics
- 8.3.8. Others
- 8.4.1. Construction
- 8.4.2. Transportation
- 8.4.3. Electrical & Electronics
- 8.4.4. Others
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Flame Retardants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Halogenated
- 9.2.1.1. Brominated
- 9.2.1.2. Chlorinated Phosphates
- 9.2.1.3. Antimony Trioxide
- 9.2.1.4. Others
- 9.2.2. Non-halogenated
- 9.2.2.1. Aluminum Hydroxide
- 9.2.2.2. Magnesium Dihydroxide
- 9.2.2.3. Phosphorus Based
- 9.2.2.4. Others
- 9.2.1. Halogenated
- 9.3.1. Polyolefins
- 9.3.2. Epoxy resins
- 9.3.3. UPE
- 9.3.4. PVC
- 9.3.5. ETP
- 9.3.6. Rubber
- 9.3.7. Styrenics
- 9.3.8. Others
- 9.4.1. Construction
- 9.4.2. Transportation
- 9.4.3. Electrical & Electronics
- 9.4.4. Others
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Albemarle Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. ICL
- 10.6. LANXESS A.G.
- 10.7. Nabaltec A.G
- 10.8. Clariant International Ltd.
- 10.9. The Dow Chemical Company
- 10.10. BASF SE
- 10.11. Dover Corporation
- 10.12. Akzo Nobel N.V.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
