The Global Flame Retardants Market was valued at $8.39 billion in 2019, and is expected to reach $16.60 billion by 2030, with a CAGR of 6.4% during the forecast period 2020- 2030. Flame Retardants are a diverse group of chemicals that are applied on textile, wood, plastic or semiconductors in order to prevent fast growth of fire. Use of flame retardants play a vital defensive role in saving property and lives by decreasing the fire risk associated with the usage of highly combustible materials in products such as plastic, textile and many more. For instance, steel is coated with flame retardants to provide thermal insulations in case of fire. Flame retardants are also used in forest fire in order to reduce the speed of fire spread. Market Segmentations and Scope of the Study: The global flame retardants market has been segmented on the basis of type, application, end use industry, and geography. Based on type, the market is divided into alumina trihydrate, brominated flame retardants, antimony trioxide, phosphorus flame retardants, and others. On the basis of application, the global flame retardants market is bifurcated into unsaturated polyester resins, epoxy resins, PVC, rubber, polyolefins, and others. By end user industry, the global flame retardants market is segmented into construction, automotive & transportation, electronics, and others (textile, aerospace, and adhesives). Geographically, the global flame retardants market is segmented into North America, Europe, Asia-Pacific, and RoW. Request
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https://www.nextmsc.com/flame-retardants-market/request-sample Geographical Analysis: North-America has been dominant in the consumption of flame retardants compared to other regions due to the increasing fire safety regulations. According to the report, North America itself has around 8 million buildings which require fire safety measures. Furthermore, the expansion of industries and the construction of innumerable commercial buildings with proper fire safety measures is another reason favouring the growth of flame retardant market. However, the region of Asia Pacific will witness greater consumption of flame retardants due to the rapid rise in population and migration of people from rural to urban areas making it densely populated. Inquire
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According to the report, the leading manufacturers of flame retardants are Broadview Technologies Inc. The Dow Chemical Company, BASF SE, Clariant Corporation, Dover Corporation, Akzo Nobel N.V., ICL Industrial Products, Albemarle Corporation, Nabaltec AG, Lanxess AG. These players have been investing huge capital in R&D activities to develop advanced products to cater to the demand of end users. About Us: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts. For more insights, please visit, https://www.nextmsc.com
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