Flame Retardants Market size, share | Industry Analysis to 2022

Flame Retardants Market

Opportunities and Forecasts, 2014 - 2022

No Of Pages: 198

Published Date: Feb 2017

Introduction to Flame Retardants Market • Flame Retardants Market Report, published by Allied Market Research, projects that the global market is estimated to reach $10,212 million by 2022, growing at a CAGR of 6.6% from 2016 to 2022.

• The epoxy resins segment held nearly one-fourth of the total market in 2015.

• At present, the global flame retardants market witnesses vivid opportunities due to the increase in demand for flame retardant chemicals in a wide number of end use industries.

• Flame retardants such as polyolefin nanocomposites find major use in the automotive industry and other end user industries such as packaging, building and construction, appliances, electrical and electronics, tools and sporting equipment.

• Flammable plastic materials are used in abundance in modern vehicles, foams, cables, textiles, polymer formulations for electronic applications as well as in mechanical parts.

• This pose a high range of fire risk. Hence, flame retardants are added to these materials to halt fires in mechanical, structural, and decorative components, such as electrical short circuits, mechanical faults, and overheating.

Introduction to Flame Retardants Market • Automotive industry is the largest consumer of brominated flame retardant hexabromocyclododecane (HBCDD).

• HBCDD is used for plastic cabinet and casings, insolation panels and automotive textiles.

• Furthermore, flame retardants are added to seats to ensure safety to passengers as small flames such as cigarettes and matches could prompt ignition.

• Epoxy resins segment accounted for around one-fourth share, in terms of volume, in 2015.

• In response to the perennial modifications in the quality of flame retardants, efficient flame retardant chemicals are currently in high demand across the globe.

• Thus, increase in demand for high-tech flame retardants for epoxy resins along with increase in use of flame retardant rubber in automotive industry are some of the major drivers that fuel the demand for flame retardants across the globe.

Flame Retardants Market Key Segments

Flame Retardants Market

Type

Alumina Trihydrate

Application

Antimony Trioxide

Unsaturated Polyester Resins

Epoxy Resins

Flame Retardants Market Dynamics

➢ Drivers • Increasing use of flame retardant optical fibers • Rising demand of flame retardants in automotive industry

• Increased security measures across end-use industries ➢ Restraints • Issues related to toxicity of flame retardants • Increasing prices of flame retardant chemicals

Key Benefits of Flame Retardants Market

• The report provides an extensive analysis of the current and emerging market trends and opportunities in the global flame retardants market.

• The report includes a detailed qualitative and quantitative analysis of the current market estimations during the forecast period to determine the prevailing market opportunities.

• Comprehensive analysis of factors that drive and restrict the growth of the market is provided in the report.

• Comprehensive regional analysis of the market based on primary as well as secondary sources are provided in this report.

• Extensive analysis of the market is conducted by following key product positioning, and by monitoring the top competitors within the market framework.

• The report provides extensive qualitative insights on the potential and niche segments or regions.

Flame Retardants Market By Geography

North America

Europe

Asia-Pacific

LAMEA

Key Players Operating in Flame Retardants Market •

Lanxess AG

• The Dow Chemical Company • Albemarle Corporation • BASF SE • Clariant Corporation • Dover Corporation

• Nabaltec AG • Akzo Nobel N.V.

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