Report Ocean has just released an all-encompassing market research report delving deep into the Flame Retardants Market industry. This report furnishes readers with invaluable insights into both present and future industry trends, equipping them with the means to discern the factors driving revenue growth and profitability. It meticulously scrutinizes the critical factors that impact both the global and regional markets, encompassing drivers, limitations, risks, challenges, opportunities, and trends specific to the industry. Additionally, the report underscores global certainties, undertakes comprehensive analysis of key players from upstream to downstream, and presents market forecasts, SWOT & PESTEL analysis, market scenarios, and feasibility studies.
Flame Retardants Market is valued at approximately USD 8.06 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8% over the forecast period 2022-2029. Flame retardants are chemical compounds that are added to flammable materials such as plastics, textiles, and coatings to prevent a fire from starting or to slow down its growth. They are different substances having a variety of molecular structures, as well as different chemical and physical properties. These substances are either included in the products as an additive or introduced as a copolymer during the polymerization process. Products including foams, computers, mattresses, electric lines, insulation materials, and vehicle parts all include these chemicals.
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The major factor driving the market growth is the increase in regulations relating to fire and safety. The prevention of fire and explosion-related accidents at workplaces, industries, and public spaces is a primary concern for the governments of various countries. To promote the use of these retardants, has resulted in the implementation of strict regulations and laws for the industries. Also, another factor driving the market growth is growing demand in building and construction sector that create lucrative demand for the market during the forecast period.
According to Statista, the growth rate of construction industry across India was 5.65 percent from fiscal year 2015 to 2020, up from about 2.95% from fiscal year 2010 to fiscal year 2015. Also, escalating demand from the electronics sector would create lucrative opportunities for the market during the forecast period. However, the environmental & health issues associated with the use of flame retardants stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Flame Retardants Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the increasing demand for electrical components in various applications, such as wiring, power cables, and connectors and rising demand in building, transportation, and electronic devices. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising demand for flame retardants in building & construction, electrical & electronics, automotive, and textiles industries.
Major market players included in this report are:
Albemarle Corporation
BASF SE
DOW
Eastman Chemical Company
Hangzhou Lingrui Chemical Co. Ltd.
Hongbaoli Group Co. Ltd.
Huntsman International Llc
Lanxess
Muby Chemicals
Sasol
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Recent Developments in the Market:
In 2021, Liquid Masteret, a new phosphorous flame retardant, was launched by Italmatch Chemicals S.p.A. The company introduced its concentrated combinations of micro-encapsulated and stabilised red phosphorus (RP). The product is used in the automotive, electrical & electronics, and construction industries, especially when halogen is not recommended due to the highly toxic smoke it generates in the case of a fire.
In 2021, Clariant AG started the construction of a flame-retardant manufacturing plant at its site location in Daya Bay, Huizhou, Guangdong Province, China.
Global Flame Retardants Market Report Scope:
Historical Data: 2018, 2019, 2020
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Application, End-User Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Alumina Trihydrate
Brominated Flame Retardants
Antimony Trioxide
Phosphorous Flame Retardants
Others
By Application:
Unsaturated Polyester Resins
Epoxy Resins
PVC
Rubber
Polyolefins
Others
By End-User Industry:
Construction
Automotive & Transportation
Electronics
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
Compelling Reasons to Invest:
Market Segmentation and Value Insights:
- The report offers a comprehensive market segmentation, providing market value data for each segment and sub-segment examined. This deepens your understanding of market dynamics and opportunities within specific market segments.
Focus on Rapid Growth and Dominant Regions:
- This study pinpoints regions and market segments poised for swift growth and those holding a substantial market share. This strategic insight aids businesses in targeting high-growth areas for investment.
Geographical Market Analysis:
- Emphasizing product or service consumption across different geographic areas, the report identifies region-specific variables that influence the market. It offers valuable insights into regional market dynamics.
Competitive Landscape:
- The report includes market rankings of major players, highlighting recent partnerships, product/service launches, business expansions, and acquisitions by profiled companies. This data facilitates a comprehensive understanding of the competitive landscape and industry trends.
Comprehensive Company Profiles:
- Detailed profiles are provided for top market players, encompassing business overviews, company insights, product benchmarking, and SWOT analysis. This aids in gaining a holistic perspective on key market players.
Market Outlook and Growth Prospects:
- The report presents the current market outlook and future growth prospects, considering recent changes and developments. It identifies growth opportunities, drivers, obstacles, and restrictions in both developing and emerging regions.
Market Analysis Using Porter’s Five Forces and Value Chain:
- The market report offers a multifaceted market analysis, utilizing Porter’s five forces to assess industry competitiveness and providing insights into the market using the Value Chain approach.
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