Global Flame Retardants Market – Industry Trends and Forecast to 2029

Global Flame Retardants Market, By Type (Alumina Trihydrate, Brominated Flame Retardants, Antimony Trioxide Phosphorus Flame Retardants, Others), Product (Halogenated, Non-Halogenated), Application (Epoxy, Unsaturated Polyester, Polyolefins, Polyvinyl chloride,  Acrylonitrile Butadiene Styrene, Polyamide, Polystyrene, Polyurethane(PU), Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT)), End-Use Industry (Building and Construction, Electronics and Appliances, Automotive and Transportation, Wires and Cables, Textiles, Others) – Industry Trends and Forecast to 2029

Flame Retardants Market Analysis and Size

Over the last few years, increased government spending has further resulted in a considerable increase in the building and construction sector, where flame retardants are utilized to slow down fires and offer enough time to evacuate a structure. As a result, flame retardants have become more popular in the building and construction industry, increasing the flame retardants market's growth immensely over the forecasted period.

Global Flame Retardants Market was valued at USD 12.81 billion in 2021 and is expected to reach USD 20.73 billion by 2029, registering a CAGR of 6.20% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

Flame retardants are chemicals that, when added to materials such as plastics, electrical gadgets, construction materials, or textiles, delay the formation of flames and thereby inhibit fire spread. Aluminum trihydrate, antimony oxides, brominated flame retardants, chlorinated flame retardants, organophosphorus flame retardants, and other flame retardant chemicals are examples of flame retardants.

Flame Retardants Market Report Scope and Market Segmentation

Flame Retardants Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Surging Demand of Flame Retardants

The increased use of fire-resistant products in numerous end-use industries, such as electrical and electronics, transportation, construction, and others, is expected to fuel demand for flame retardants. Furthermore, the increasing demand in the automobile industry, as well as increased use of fire retardants in optical fibers and adoption of flame retardants for security measures are some of the factors that will boost market growth over the forecast period.

The growth in population along with urbanization will further propel the growth rate of flame retardants market. Additionally, the growing awareness among consumers about improving the fire safety of combustible materials and products is projected to bolster the market's growth.

Opportunities

• Development and Innovations

Furthermore, the development of insulation materials such as polystyrene and polyutherane in construction along with the development of safer alternatives, such as phosphorous, bromine and chlorine-based non-halogenated flame retardants are estimated to extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the movement toward replacing halogenated flame retardants with non-halogenated alternatives has primarily fueled innovation for new non-halogenated goods, promoting environmental sustainability and giving market opportunities.

Restraints/Challenges

• Environmental And Health Concerns

The various environmental, as well as the health concerns, are estimated to restrict the growth of conventional flame retardants market.

• High Loading Levels

Also, the high loading levels of halogen-free flame retardants altering final products' properties will pose a challenge for the market growth rate.

This flame retardants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flame retardants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Flame Retardants Market

Coronavirus  outbreak negatively impacted the flame retardants market because of its reliance on the automotive, aerospace, and building and construction industries. The global supply chain for flame retardants has been hampered by the ongoing health issue, which has widened the supply-demand mismatch. In addition, some automotive businesses have shut down or ceased operations due to the risk of illnesses among workers in locations where flame retardants are utilized as automotive foams, such as air intakes, manifolds, pumps, and cam and valve covers. During the COVID-19 period, this briefly slowed the expansion of the flame retardant market.

In addition, a drop in customer money and foreign travel limitations reduced demand for flame retardants in the aerospace industries. Furthermore, the pandemic also caused a temporary halt to a number of aircraft manufacturing projects, reducing demand for flame retardants in the aerospace and aviation industries.

Recent Development

• In January 2020, The polyamide business of Solvay was acquired by BASF SE. With new and well-known products like Technyl®, BASF's polyamide capabilities are expanded. This will enable BASF to provide even better-engineered plastics solutions to its clients, such as for autonomous driving and e-mobility. The deal also gives the corporation better access to emerging markets in Asia and North and South America.

Global Flame Retardants Market Scope

The flame retardants market is segmented on the basis of type, product, application and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Alumina Trihydrate
• Brominated Flame Retardants
• Antimony Trioxide Phosphorus Flame Retardants
• Others

Product

• Halogenated
• Non-Halogenated

Application

• Epoxy
• Unsaturated Polyester
• Polyolefins, Polyvinyl chloride
• Acrylonitrile Butadiene Styrene
• Polyamide, Polystyrene
• Polyurethane(PU)
• Polyethylene Terephthalate (PET)
• Polybutylene Terephthalate (PBT)

End-Use Industry

• Building and Construction
• Electronics and Appliances
• Automotive and Transportation
• Wires and Cables
• Textiles
• Others

Flame Retardants Market Regional Analysis/Insights

The flame retardants market is analyzed and market size insights and trends are provided by country, type, product, application and end-use as referenced above.

The countries covered in the flame retardants market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the flame retardants market because of the surging demand from different regions such as India, China and Japan. Additionally, the rising growth of the construction and automotive industry and the prevalence of the electrical and electronics manufacturing hub within the region also boosts market growth.

On the other hand, North America is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the large-scale production and the growing electrical and electronics, automotive, and construction sectors in the U.S. within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Flame Retardants Market Share Analysis

The flame retardants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to flame retardants market.

Some of the major players operating in the flame retardants market are

• Dupont (U.S.)
• SOLVAY (Belgium)
• DAIKIN (Japan)
• Dow (U.S.)
• Huntsman International LLC (U.S.)
• Bostik (France)
• H.B. Fuller Company (U.S.)
• Sika AG (Switzerland)
• Cardolite Corporation (U.S.)
• Kukdo Chemical Co., Ltd., (South Korea)
• BASF SE (Germany)
• Freudenberg SE (Germany)
• Covestro AG (Germany)
• LANXESS (Germany)
• Mitsui Chemicals Inc. (Japan)
• Wanhua (China)
• Arkema (France)
• Hexion (U.S.)
• Woodbridge (Canada)