Flame Retardants Market 2022 Manufacturers and Suppliers in the USA

 Flame Retardants Market

The Flame Retardant Market is projected to hit $14.2 billion by 2030, growing at a CAGR of 6.9% during the forecast period.

. The increase in the application of flame retardant across diverse end-use industries, such as; transportation, building and construction, textile, electronic devices, and consumer goods can contribute to the market upsurge. The increase in construction activities across emerging countries as governments invest in different infrastructural development projects and commercial constructions can favor the market rise. The escalation of per capita spending of different individuals can promote market growth in the years to come. Besides, the surge in cases of fire incidents resulting in the enforcement of improved safety standards regarding Flame Retardants in the construction sector can also improve the momentum of the flame retardants market.

Automobile Sector to Influence Flame Retardant Market

The rise in demand for plastic components in the growing automotive sector to decrease the weight of vehicles can fuel the Flame Retardants Market upsurge. As plastics are highly susceptible to fire, Flame Retardants are integrated into automotive seats and other interior parts of vehicles. On the contrary, an increase in stringency in regulations on the enforcement of conventional flame retardants can hinder the market upsurge in the years to come. However, the growing utility of recyclable halogen-free Flame Retardants and the surge in plastic manufacturing can bring lucrative opportunities for the worldwide Flame Retardants Market in the evaluation period.

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Market Segmentation:

The Segment Study of the Global Flame Retardants Market is done by Application, Type, and Resin.

Non-Toxic Halogen-Free Flame Retardants to Witness High Sales

The Type-Based Segments of the Global Flame Retardants Market are halogenated Flame Retardants and non-halogenated retardants. The non-halogenated segment can hold over 60% of the worldwide market by 2025. The segment can thrive at 7% CAGR in the analysis period due to an increase in preference for people towards non-toxic halogen-free Flame Retardants. In addition, the enforcement of stringent regulations on different conventional Flame Retardants can also boost the segment.

The Resin-Based Segments of the Global Flame Retardants Market are polypropylene, polyethylene, epoxy, polyvinyl chloride, unsaturated polyesters, styrene, rubber, and engineered thermoplastics among others. The polyethylene segments can secure the highest share in the worldwide market. The segment can thrive owing to the versatile physical properties of polyethylene, such as high strength, toughness, and rigidity. Moreover, the surge in demand for Flame Retardant polyethylene in the production of automotive components, and building and construction solutions, is another key cause that supports the expansion of the segment in the years to come. The polyethylene segment can witness 8% CAGR between 2019 and 2025 and can earn about USD 3,500 Mn by 2025.

The Application-Based Segments of the Worldwide Flame Retardants Market are electricals & electronics, building & construction, transportation, and textiles among others. The building and construction segment can hold the largest market share in the years to come. The surge in refurbishment activities across Indonesia, China, and India; and the hike in government investments for multiple infrastructural developments can support the expansion of the segment. The widescale application of polymers in the construction and building industry can favor market expansion. As per the MRFR study, the flame retardants market can rise at 7.5% CAGR across the study period from 2019 to 2025.

Key Players Locking Horns:

The worldwide flame retardants market is characterized by the existence of numerous local vendors, and global, and regional vendors. These eminent players in the global flame retardants market are deploying numerous strategies, such as; alliances, expansion, joint ventures, mergers & acquisitions, and expansion to gain a global foothold. The increase in the geographic presence of certain companies, along with product launches, can aid in gaining a competitive edge over others. Multiple players are deploying robust growth strategies to capture the maximum market share.

Some Reputed Companies in the Flame Retardants Market that are listed by MRFR are:

• LANXESS
• Clariant
• ALL
• BASF SE
• Nabaltec AG
• RTP Company
• Celanese Corporation
• Kisumu Chemicals
• Dow
• Green chemicals SpA
• Amini Chemical Corporation
• Akzo Nobel N.V.
• Italmatch Chemicals SpA,
• J.M. Huber Corporation

Regional Status:

The Identification of Regional Growth Pockets of the Global Flame Retardants Market is studied for North America, Asia-Pacific, Middle East & Africa, Europe, and Latin America.

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