Flame Retardants Market
Flame Retardants Market Forecasts to 2030 - Global Analysis By Chemical Type (Halogenated and Non-halogenated), End User (Electrical & Electronics, Transportation, Construction, Automotive and Other End Users) and By Geography
According to Stratistics MRC, the Global Flame Retardants Market is accounted for $10.31 billion in 2024 and is expected to reach $17.58 billion by 2030 growing at a CAGR of 9.3% during the forecast period. Flame retardants are chemicals added to materials or surfaces to slow down or prevent the spread of fire. They are commonly used in textiles, plastics, foams, and electronics to enhance fire safety by reducing the flammability of these materials. Flame retardants work through various mechanisms such as cooling the material, forming a protective layer, or interfering with the chemical reactions that occur during combustion. Flame retardants play a crucial role in improving fire safety and meeting regulatory standards, concerns have been raised about their environmental and health impacts.
According to the International Trade Administration, in 2021, the local production of medical devices in South Korea was valued at USD 11,257 million. The exports of medical devices stood at USD 8,629 million, while the imports from the United States stood at USD 5,353 million.
Market Dynamics:
Driver:
Rising demand for fire safety
Flame retardants are chemical compounds added to materials such as plastics, textiles, and foams to inhibit or delay combustion and reduce the spread of fires. This rise in demand is driven by stringent regulatory requirements aimed at improving public safety and reducing fire-related risks. Heightened awareness among consumers and businesses about the potential hazards of fire has further propelled the adoption of flame retardant materials in everyday products. As industries strive to meet these safety standards and protect both property and lives, the development and application of advanced flame retardant technologies continue to evolve.
Restraint:
Cost considerations
Cost considerations often hinder the widespread adoption of flame retardants in various industries. While these chemicals are crucial for enhancing fire safety by reducing the flammability of materials, their incorporation adds significant expenses to manufacturing processes. Flame retardants must meet stringent safety and environmental standards, which further escalates production costs. For industries like electronics, textiles, and construction, where fire safety regulations are stringent, the cost of integrating flame retardants can be a barrier. Manufacturers must weigh the expense of these additives against regulatory compliance and consumer safety, often opting for cheaper, less effective alternatives or delaying adoption altogether.
Opportunity:
Infrastructure development
Infrastructure development aimed at enhancing flame retardants involves advancing technologies and materials used to improve fire safety in buildings, transportation, and industrial applications. This includes developing more effective flame retardant chemicals and incorporating them into various products such as textiles, plastics, and construction materials. Innovations in infrastructure for flame retardants often focus on increasing durability, efficiency, and environmental sustainability. Research efforts are directed towards creating flame retardants that not only meet stringent safety standards but also minimize potential environmental and health impacts.
Threat:
Environmental and health concerns
Flame retardants, once hailed for their ability to slow down the spread of fires and save lives, now face significant scrutiny due to environmental and health concerns. These chemicals are ubiquitous in everyday items like furniture, electronics, and building materials, where they are intended to meet safety standards. However, studies have linked certain flame retardants to adverse health effects such as hormone disruption, developmental delays and even cancer. These chemicals persist in the environment, accumulating in wildlife and potentially entering the human food chain.
Covid-19 Impact:
The Covid-19 pandemic significantly impacted the flame retardants market due to disruptions in supply chains, shifts in demand dynamics, and regulatory delays. Initially, production and distribution were hampered as lockdowns and restrictions limited workforce availability and logistics. The closure of manufacturing facilities and reduced economic activity led to fluctuating raw material prices and constrained availability of key chemicals used in flame retardants. As the global economy gradually stabilizes post-pandemic, the flame retardants sector is navigating through these challenges, adapting strategies to meet evolving safety standards and sustainable practices while seeking to restore pre-pandemic growth trajectories.
The Halogenated segment is expected to be the largest during the forecast period
Halogenated segment is expected to be the largest during the forecast period. Halogenated segments enhance flame retardants by imparting fire resistance to materials through a chemical mechanism involving the release of halogen atoms during combustion. Halogens such as chlorine and bromine are highly effective because they interfere with the combustion process at various stages, including ignition, flame spread, and heat release. When a material treated with halogenated flame retardants ignites, the heat triggers a reaction that releases halogen radicals. These radicals disrupt the chain reaction of combustion by scavenging free radicals and inhibiting the formation of flammable gases.
The Automotive segment is expected to have the highest CAGR during the forecast period
Automotive segment is expected to have the highest CAGR during the forecast period. In the automotive industry, the enhancement of flame retardants plays a crucial role in ensuring vehicle safety and compliance with stringent regulatory standards. Flame retardants are additives incorporated into various materials used in car interiors, such as plastics, foams, and textiles to reduce their flammability and delay the spread of fire in case of accidents or incidents involving heat sources. The advancement in flame retardant technologies focuses on achieving higher levels of fire resistance while minimizing the environmental and health impacts associated with traditional formulations.
Region with largest share:
Asia Pacific region commanded the largest share of the market over the extrapolated period. As cities expand and industrial activities grow, there is a heightened focus on fire safety regulations and standards, driving the need for materials that can inhibit or resist the spread of fire across the region. Flame retardants are crucial additives used in various products such as electronics, textiles, and construction materials to meet these safety requirements throughout the region. Countries like China, India, and Southeast Asian nations are witnessing a surge in construction of residential and commercial buildings, infrastructure projects and manufacturing facilities.
Region with highest CAGR:
Europe region is poised to hold profitable growth throughout the projected period. Stringent legislation, such as the REACH regulation (Registration, Evaluation, Authorization, and Restriction of Chemicals), mandates rigorous testing and approval processes for flame retardant substances used in various products across the region. These regulations prioritize public health and environmental safety, aiming to minimize the risks associated with fire hazards while ensuring the sustainability of materials throughout the region. As a result, manufacturers in the region are compelled to innovate and develop safer, more effective flame retardant solutions that comply with these stringent standards.
Key players in the market
Some of the key players in Flame Retardants market include Albemarle Corporation, BASF SE, Chemtura Corporation, Clariant AG, DIC Corporation, DuPont de Nemours, Inc, Nabaltec AG, Sumitomo Chemical Company, Limited, Thor Group Limited and Tosoh Corporation.
Key Developments:
In September 2022, LANXESS launched new phosphorous-based flame retardants which have unique properties such as thermal and mechanical stability and are compatible with engineering plastics.
In July 2022, BASF SE partnered with THOR GmBH, a fire-fighting product-based company. This strategic move will strengthen the product portfolio of non-halogenated flame retardant additives.
In January 2022, Huber Engineered Materials acquired MAGNIFIN Magnesiaprodukte GmbH & Co KG (MAGNIFIN). The product lineup previously presented by MAGNIFIN and represented by Martinswerk GmbH has seamlessly become an integral part of Huber's strategic business unit, Fire Retardant Additives (FRA). This strategic integration bolsters Huber's array of smoke suppressants, halogen-free fire retardants, and specialized aluminum oxides, significantly amplifying its worldwide market influence.
Chemical Types Covered:
• Halogenated
• Non-halogenated
End Users Covered:
• Electrical & Electronics
• Transportation
• Construction
• Automotive
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Flame Retardants Market, By Chemical Type
5.1 Introduction
5.2 Halogenated
5.3 Non-halogenated
5.3.1 Aluminum Hydroxide
5.3.2 Magnesium Dihydroxide
5.3.3 Phosphorus Based
6 Global Flame Retardants Market, By End User
6.1 Introduction
6.2 Electrical & Electronics
6.3 Transportation
6.4 Construction
6.5 Automotive
6.6 Other End Users
7 Global Flame Retardants Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Albemarle Corporation
9.2 BASF SE
9.3 Chemtura Corporation
9.4 Clariant AG
9.5 DIC Corporation
9.6 DuPont de Nemours, Inc
9.7 Nabaltec AG
9.8 Sumitomo Chemical Company, Limited
9.9 Thor Group Limited
9.10 Tosoh Corporation
List of Tables
1 Global Flame Retardants Market Outlook, By Region (2022-2030) ($MN)
2 Global Flame Retardants Market Outlook, By Chemical Type (2022-2030) ($MN)
3 Global Flame Retardants Market Outlook, By Halogenated (2022-2030) ($MN)
4 Global Flame Retardants Market Outlook, By Non-halogenated (2022-2030) ($MN)
5 Global Flame Retardants Market Outlook, By Aluminum Hydroxide (2022-2030) ($MN)
6 Global Flame Retardants Market Outlook, By Magnesium Dihydroxide (2022-2030) ($MN)
7 Global Flame Retardants Market Outlook, By Phosphorus Based (2022-2030) ($MN)
8 Global Flame Retardants Market Outlook, By End User (2022-2030) ($MN)
9 Global Flame Retardants Market Outlook, By Electrical & Electronics (2022-2030) ($MN)
10 Global Flame Retardants Market Outlook, By Transportation (2022-2030) ($MN)
11 Global Flame Retardants Market Outlook, By Construction (2022-2030) ($MN)
12 Global Flame Retardants Market Outlook, By Automotive (2022-2030) ($MN)
13 Global Flame Retardants Market Outlook, By Other End Users (2022-2030) ($MN)
14 North America Flame Retardants Market Outlook, By Country (2022-2030) ($MN)
15 North America Flame Retardants Market Outlook, By Chemical Type (2022-2030) ($MN)
16 North America Flame Retardants Market Outlook, By Halogenated (2022-2030) ($MN)
17 North America Flame Retardants Market Outlook, By Non-halogenated (2022-2030) ($MN)
18 North America Flame Retardants Market Outlook, By Aluminum Hydroxide (2022-2030) ($MN)
19 North America Flame Retardants Market Outlook, By Magnesium Dihydroxide (2022-2030) ($MN)
20 North America Flame Retardants Market Outlook, By Phosphorus Based (2022-2030) ($MN)
21 North America Flame Retardants Market Outlook, By End User (2022-2030) ($MN)
22 North America Flame Retardants Market Outlook, By Electrical & Electronics (2022-2030) ($MN)
23 North America Flame Retardants Market Outlook, By Transportation (2022-2030) ($MN)
24 North America Flame Retardants Market Outlook, By Construction (2022-2030) ($MN)
25 North America Flame Retardants Market Outlook, By Automotive (2022-2030) ($MN)
26 North America Flame Retardants Market Outlook, By Other End Users (2022-2030) ($MN)
27 Europe Flame Retardants Market Outlook, By Country (2022-2030) ($MN)
28 Europe Flame Retardants Market Outlook, By Chemical Type (2022-2030) ($MN)
29 Europe Flame Retardants Market Outlook, By Halogenated (2022-2030) ($MN)
30 Europe Flame Retardants Market Outlook, By Non-halogenated (2022-2030) ($MN)
31 Europe Flame Retardants Market Outlook, By Aluminum Hydroxide (2022-2030) ($MN)
32 Europe Flame Retardants Market Outlook, By Magnesium Dihydroxide (2022-2030) ($MN)
33 Europe Flame Retardants Market Outlook, By Phosphorus Based (2022-2030) ($MN)
34 Europe Flame Retardants Market Outlook, By End User (2022-2030) ($MN)
35 Europe Flame Retardants Market Outlook, By Electrical & Electronics (2022-2030) ($MN)
36 Europe Flame Retardants Market Outlook, By Transportation (2022-2030) ($MN)
37 Europe Flame Retardants Market Outlook, By Construction (2022-2030) ($MN)
38 Europe Flame Retardants Market Outlook, By Automotive (2022-2030) ($MN)
39 Europe Flame Retardants Market Outlook, By Other End Users (2022-2030) ($MN)
40 Asia Pacific Flame Retardants Market Outlook, By Country (2022-2030) ($MN)
41 Asia Pacific Flame Retardants Market Outlook, By Chemical Type (2022-2030) ($MN)
42 Asia Pacific Flame Retardants Market Outlook, By Halogenated (2022-2030) ($MN)
43 Asia Pacific Flame Retardants Market Outlook, By Non-halogenated (2022-2030) ($MN)
44 Asia Pacific Flame Retardants Market Outlook, By Aluminum Hydroxide (2022-2030) ($MN)
45 Asia Pacific Flame Retardants Market Outlook, By Magnesium Dihydroxide (2022-2030) ($MN)
46 Asia Pacific Flame Retardants Market Outlook, By Phosphorus Based (2022-2030) ($MN)
47 Asia Pacific Flame Retardants Market Outlook, By End User (2022-2030) ($MN)
48 Asia Pacific Flame Retardants Market Outlook, By Electrical & Electronics (2022-2030) ($MN)
49 Asia Pacific Flame Retardants Market Outlook, By Transportation (2022-2030) ($MN)
50 Asia Pacific Flame Retardants Market Outlook, By Construction (2022-2030) ($MN)
51 Asia Pacific Flame Retardants Market Outlook, By Automotive (2022-2030) ($MN)
52 Asia Pacific Flame Retardants Market Outlook, By Other End Users (2022-2030) ($MN)
53 South America Flame Retardants Market Outlook, By Country (2022-2030) ($MN)
54 South America Flame Retardants Market Outlook, By Chemical Type (2022-2030) ($MN)
55 South America Flame Retardants Market Outlook, By Halogenated (2022-2030) ($MN)
56 South America Flame Retardants Market Outlook, By Non-halogenated (2022-2030) ($MN)
57 South America Flame Retardants Market Outlook, By Aluminum Hydroxide (2022-2030) ($MN)
58 South America Flame Retardants Market Outlook, By Magnesium Dihydroxide (2022-2030) ($MN)
59 South America Flame Retardants Market Outlook, By Phosphorus Based (2022-2030) ($MN)
60 South America Flame Retardants Market Outlook, By End User (2022-2030) ($MN)
61 South America Flame Retardants Market Outlook, By Electrical & Electronics (2022-2030) ($MN)
62 South America Flame Retardants Market Outlook, By Transportation (2022-2030) ($MN)
63 South America Flame Retardants Market Outlook, By Construction (2022-2030) ($MN)
64 South America Flame Retardants Market Outlook, By Automotive (2022-2030) ($MN)
65 South America Flame Retardants Market Outlook, By Other End Users (2022-2030) ($MN)
66 Middle East & Africa Flame Retardants Market Outlook, By Country (2022-2030) ($MN)
67 Middle East & Africa Flame Retardants Market Outlook, By Chemical Type (2022-2030) ($MN)
68 Middle East & Africa Flame Retardants Market Outlook, By Halogenated (2022-2030) ($MN)
69 Middle East & Africa Flame Retardants Market Outlook, By Non-halogenated (2022-2030) ($MN)
70 Middle East & Africa Flame Retardants Market Outlook, By Aluminum Hydroxide (2022-2030) ($MN)
71 Middle East & Africa Flame Retardants Market Outlook, By Magnesium Dihydroxide (2022-2030) ($MN)
72 Middle East & Africa Flame Retardants Market Outlook, By Phosphorus Based (2022-2030) ($MN)
73 Middle East & Africa Flame Retardants Market Outlook, By End User (2022-2030) ($MN)
74 Middle East & Africa Flame Retardants Market Outlook, By Electrical & Electronics (2022-2030) ($MN)
75 Middle East & Africa Flame Retardants Market Outlook, By Transportation (2022-2030) ($MN)
76 Middle East & Africa Flame Retardants Market Outlook, By Construction (2022-2030) ($MN)
77 Middle East & Africa Flame Retardants Market Outlook, By Automotive (2022-2030) ($MN)
78 Middle East & Africa Flame Retardants Market Outlook, By Other End Users (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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