- Flame retardants are chemical substances added to materials to reduce their flammability and slow down the spread of fire. These additives can be incorporated into various materials, including plastics, textiles, and construction materials, to enhance their fire resistance
- The escalating demand for flame retardants is primarily fueled by stricter fire safety regulations, rapid urbanization, growth in electrical and electronics manufacturing, and a rising emphasis on sustainable, halogen-free flame retardant solutions across industries
- Asia-Pacific dominated the flame retardants market with a share of 56.6% in 2024, due to industrial expansion, rising construction activities, and robust demand from electronics manufacturing hubs
- North America is expected to be the fastest growing region in the flame retardants market during the forecast period due to stringent flammability standards in construction materials, electronics, and transportation equipment
- Non-halogenated segment dominated the market with a market share of 61.4%% in 2024, due to stringent environmental regulations and growing concerns over toxic emissions from halogenated compounds. Non-halogenated flame retardants such as aluminium hydroxide and organophosphorus compounds are gaining traction for their lower toxicity and better recyclability, especially in green building materials and sustainable product designs
