Flame retardants (FR) are chemical compounds added to or otherwise incorporated into plastic compounds to provide varying degrees of flammability protection. There are several classes of flame retardants; Halogenated Hydrocarbons (Chlorine and Bromine containing Compounds and reactive flame retardants), Inorganic flame retardants (Boron Compounds, Antimony oxides, Aluminium Hydroxide, molybdenum Compounds, zinc and magnesium oxides ), Phosphorous containing Compounds (Organic Phosphate Esters, Phosphates, halogenated phosphorus Compounds and inorganic phosphorus containing salts).
The global flame retardants market was worth USD XX billion in 2017 and is forecasted to reach USD XX billion by 2025, growing at a CAGR of XX% during the forecast period (2018-2025).
Global Flame Retardants Market– Market Dynamics
The global flame retardants market is driven by more stringent international fire protection requirements in the construction sector as well as in rail transport, automotive and the electrical industry, coupled with a rise in plastics consumption. Further, new flame retardant systems are facilitating plastics processing and the trend toward halogen-free systems.
However, flame retardants are being studied because of their abundance in the environment and concerns about their impact on human health, especially to children who can be easily exposed to them through hand-to-mouth contact. There is growing evidence that many flame retardant chemicals can affect the endocrine, immune, reproductive, and nervous systems. Some animal studies have shown that long-term exposure to flame retardants can lead to cancer. These factors are expected to hinder the swift flow of the global flame retardants market during the forecast period.
Global Flame Retardants Market– Segmentation Analysis
Global Flame Retardants Market- By Type, In 2017 (%)
Halogenated Hydrocarbons 25%
Inorganic flame retardants 12%
Phosphorous Based 20%
Brominated flame retardants 30%
On the basis of type, the global flame retardants market is segmented into halogenated hydrocarbons, inorganic flame retardants, phosphorous based, brominated flame retardants, and others. Of these, Brominated flame retardants dominate the market owing to their high-performance efficiency and low cost. In the commercial market, more than 75 different BFRs are recognized. Around 41 tonnes of brominated flame retardants were imported into Sweden as raw material for industry in 2010. Brominated flame retardants were also imported as contained in finished articles.
Further, halogenated hydrocarbons are widely used in flame retardants, electronics, pharmaceuticals, and solvents. The presence of these materials in waste streams continues to be a significant environmental problem.
Global Flame Retardants Market– Geographical Analysis
Global Flame Retardants Market- By Region, In 2017 (%)
North America 28%
South America 12%
Asia Pacific 30%
Geographically, the global flame retardants market is segmented into North America, Europe, South America, Asia Pacific, and RoW. Of these, Asia Pacific dominated the market owing to major demand for flame retardant chemicals is from the building & construction sector, as the construction industry is growing rapidly in the developing economies, like China, India and some ASEAN countries.
According to the National Fire Protection Association (NFPA), in 2017, more than 1.3 million fires were reported in the US, causing 3,400 civilian fire deaths, 15,000 civilian injuries and USD 23 billion in property damage. The use of flame retardants is especially relevant, as the large volume of electrical and electronic equipment in buildings, coupled with a larger volume of combustible materials, can increase the potential for fire hazards.
Global Flame Retardants Market– Competitive Analysis
The top five players in the global flame retardants market collectively account for 48% of overall share in market in 2017. Due to its competitive nature, the leading players are concentrating more on international and local market. These key players in order to expand their footprints are going in a strategic partnership and acquiring the local players. Also, the organizations are focusing to increase sales by upgrading distribution channels and expanding product portfolio. For instance, in October 2017, Specialty chemicals company, LANXESS has expanded its portfolio of halogen-free, flame-retardant compounds based on polybutylene terephthalate (PBT) and polyamide (PA 6, PA 66).
Other major companies in this market are BASF SE, Lanxess, Clariant, ICL, Italmatch Chemicals S.p.A, MPI Chemie B.V., Albemarle, Broadview Technologies, Dover Corporation, and Thor Group Ltd.
Why purchase the report?
• Visualize the composition of the global flame retardants market products across each indication, in terms of type and end-user highlighting the critical commercial assets and players.
• Identify commercial opportunities in flame retardants products market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the flame retardants products levels 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the essential flame retardants products of all major market players.
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
1. Global Flame Retardants Market– Methodology and Scope
1.1. Research Methodology
1.2. The scope of the Report
2. Global Flame Retardants Market–Trends
2.1. Key Trends & Developments
3. Global Flame Retardants Market– Industry Analysis
3.1. Market Drivers
3.2. Market Restraints
3.3. Competitive Intensity- Porter 5 Forces
4. Global Flame Retardants Market– By Type
4.1. Halogenated Hydrocarbons
4.2. Inorganic flame retardants
4.3. Phosphorous Based
4.4. Brominated flame retardants
5. Global Flame Retardants Market– By End User
5.1. Electrical and Electronics
5.2. Building and Construction
6. Global Flame Retardants Market– By Geography
6.1. North America
6.1.1. The United States
6.2. South America
6.2.3. Rest of South America
6.3.4. United Kingdom
6.3.5. Rest of Europe
6.4.5. Rest of Asia-Pacific
6.5. Rest of the World
7. Global Flame Retardants Market– Competitor Landscape
7.1. Competitor Analysis
7.2. Key Strategies adopted by Manufacturers
8. Global Flame Retardants Market– Company Profiles
8.1. BASF SE
8.5. Italmatch Chemicals S.p.A
8.6. MPI Chemie B.V.
8.8. Broadview Technologies
8.9. Dover Corporation
8.10. Thor Group Ltd
9. Global Flame Retardants Market– Appendix
9.2. List of Tables
9.3. Expert Panel Validation
9.5. Contact Us