Global Flame Retardant
Market Report
2024
The Flame-retardant market was valued at USD 7.52 billion in 2022 and will reach USD 11.54 billion by 2030, registering a CAGR of 5.5% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Flame-retardant market was valued at USD 7.52 billion in 2022 and will reach USD 11.54 billion by 2030, registering a CAGR of 5.5% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Flame Retardant Market Sales Revenue 2022 | $ 7.52 Billion |
Global Flame Retardant Market Sales Revenue 2030 | $ 11.54 Billion |
Global Flame Retardant Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Type |
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Market Split by Application |
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Market Split by End-users |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Flame Retardant Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Flame retardants are the chemical substance added during the manufacturing of plastic, textile, and coatings. These retardants are activated in the presence of an ignition source and it intended to slow down the further development of the flame. Flame retardants suppress the chemical reactions that occur during combustion. There are several types of flame retardants based on the mode of action and chemical reactions. The nonhalogenated flame retardant material contains nitrogen and phosphorous chemicals, these chemicals avoid scattering and delay the fire production. Flame retardants are widely used in the construction, electric, and electric industries.
Worldwide, electronic and electrical businesses are flourishing due to the increasing demand from end users. Plastic is used for various applications such as printing the circuit board, cable and wire, connection switches, electronic housing and components, and so on. Therefore, flame retardant is currently considered to be an essential component in manufacturing to protect the item from a fire. Rising investment in the electronics sector is expected to drive the market for flame retardants in the upcoming years.
Halogenated flame retardant contains several toxic chemicals that are harmful to aquatic organisms. These chemicals also contaminate the soil and groundwater. Brominated and chlorinated flame retardants are new flame retardants. They also have potential risks. Some flame retardants are non-biodegradable in nature; therefore, they are a persistent long time in the environment. The toxic flame-retardant chemical may create a problem with the neurological and reproductive systems. Therefore, the concern about health and the environment may hamper the market growth of the flame retardant.
The covid 19 pandemic showed positive growth in the flame-retardant market. There was high demand for flame retardant from the healthcare industry. It has been used in personal protective equipment in the medical industry such as PPE kits, face masks, etc. Government investment in fire and safety increased the research and innovation in flame retardants. Therefore, the flame-retardant market experienced positive growth during the pandemic.
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ETRI (Electronic and Telecommunication Research Institute) was developed as the world’s first flurosulfate-based flame-retardant additive.
This flurosulfate-based flame-retardant additive improves flame-retardant properties, cell performance, and electrochemical stability.
Perimeter Solutions acquired Colorado-based LaderaTech
The world leader in the fire safety chemical that is Perimeter Solutions announced that they have completed the acquisition with Colorado-based LaderaTech. This acquisition included LaderaTech's FORTIFY and intellectual property rights.
Top Companies Market Share in Flame Retardant Industry: (In no particular order of Rank)
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Globally, the flame-retardant market on the basis of region is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The largest market share of flame retardant is dominated by Asia Pacific and North America. There is a probability that Asia Pacific will be dominating the flame-retardant market during the projected period. 59.76% global population is held by the APAC region. The increasing population creates the labor force to run the industries and businesses. Due to industrialization and urbanization earning capacity of an individual has increased. The increasing disposable income of an individual creates the demand for luxurious products such as home electronic appliances, cars, etc. Therefore, the growth of the flame-retardant market is due to the growing electronic and automotive industries in developing nations.
North America is also foreseen to account for a remarkable market share in the global Flame-retardant market. This is due to increasing awareness about safety and actions are taken accordingly.
The current report Scope analyzes Flame Retardant Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Flame Retardant Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Flame Retardant Industry growth. Flame Retardant market has been segmented with the help of its Type, Application End-users, and others. Flame Retardant market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The non-halogenated segment is expected to hold the largest market share from the years 2023-2030
The global flame-retardant market is divided into halogenated and non-halogenated. The non-halogenated flame retardant is used to manufacture a polymer. Polymer is the most suitable alternative to metal in the construction industry and it has high durability, toughness, and corrosion resistance. The rapidly growing construction industry will favor market growth in the upcoming years.
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The epoxy segment is expected to show steady growth over the forecasted period.
By application, the global flame-retardant market is classified into unsaturated polyester, epoxy, and polyolefin. The epoxy segment is estimated to gain the largest market share during the forecasted period this is due to the increasing demand from the automotive and electronic industries. epoxy is mainly used in the automotive and electronic industries to avoid the risk of short circuits. Therefore, the epoxy segment is expected to show steady growth over the forecasted period.
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The electronic segment is estimated to gain the largest share of the Flame-retardant market during the forecast period.
The global flame-retardant market based on end-users type is classified into construction, electrical, and electronics. Globally, the flame-retardant market is estimated to gain the largest share from the electronic segments during the forecast period. The flame retardants are attached to the circuit therefore it reduces the risk of fire. Increasing demand for electronic appliances for households and industrial level flourishes the growth of the electronic industry. Therefore, the electronic segment is estimated to gain the largest share of the Flame-retardant market during the forecast period.
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Flame Retardant Market is witnessing significant growth in the near future.
In 2023, the Halogenated segment accounted for noticeable share of global Flame Retardant Market and is projected to experience significant growth in the near future.
The Unsaturated segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Albemarle Corporation (US) , LANXESS AG (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Flame retardants are a chemical that prevents the burning or reduce the spread of fire. Flame retardants are the chemical substance added during the manufacturing plastic, textile, and coatings.
Disclaimer:
Type | Halogenated, Nonhalogenated |
Application | Unsaturated, polyester, epoxys, Polyolefin |
End-users | Construction, Electrical, and electronics |
List of Competitors | Albemarle Corporation (US), Clariant AG (Switzerland), LANXESS AG (Germany), BASF SE (Germany), ICL Group Ltd. (Israel), Nabaltec AG (Germany), Huber Engineered Materials (US), Others |
This chapter will help you gain GLOBAL Market Analysis of Flame Retardant. Further deep in this chapter, you will be able to review Global Flame Retardant Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End-users Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Flame Retardant market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Halogenated have a significant impact on Flame Retardant market? |
What are the key factors affecting the Halogenated and Nonhalogenated of Flame Retardant Market? |
What is the CAGR/Growth Rate of Unsaturated during the forecast period? |
By type, which segment accounted for largest share of the global Flame Retardant Market? |
Which region is expected to dominate the global Flame Retardant Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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