Market Overview: Global Flame Retardants Market
MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Flame Retardants Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Flame Retardants Market Insights 2024-30
The Global Flame Retardants Market is expected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2024-30.
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Top Players in the Flame Retardants Market:
Lanxess AG
Albemarle Corporation
Clariant International Ltd.
Chemtura Corporation
Israel Chemicals Limited (ICL)
BASF SE
LG Chem
The Dow Chemical Company
Italamtch Chemicals
Nabaltech AG
Huber Engineered Materials
DuPont
Hongboali Group Co. Ltd.
Huntsman International LLC
FRX Polymers, Inc.
Akzo Nobel
Segmentation Analysis of Flame Retardants Market
Flame Retardants Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Application
Unsaturated Polyester Resins
Epoxy Resins
PVC
Rubber
Polyolefins
Styrenics
Here, Epoxy resins hold a prominent market share, owing to their extensive utilization in electronics & automotive industries for protecting various equipment like ICs (Integrated Circuits), transistors, & hybrid circuits from fire, which can be caused by short circuits. With a broad range of applications, such as high-tension electrical insulators, fiber-reinforced plastic materials, electrical components, paint brushes, LEDs, & adhesives for structural purposes, epoxy resins are used broadly as coatings, castables, and injection molding & composite materials. In recent years, significant advancements have been attained in epoxy resins to suffice numerous practical application requirements, which has contributed notably to the flame retardants industry globally.
-By Type
Alumina Trihydrate
Brominated Flame Retardants
Antimony Trioxide
Phosphorous Flame Retardants
Others
-By End User Industry
Building & Construction
Automotive & Transportation
Electronic & Electrical
Others (Adhesives, Textiles, Aerospace, etc.)
A Comprehensive Geographical Analysis:
-By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
Asia-Pacific holds the largest share of the Flame Retardants Market. It attributes to the burgeoning demand for flame retardants across automotive, electrical & electronics, and construction industries, stringent regulations regarding fire safety, as well as various ongoing infrastructure development projects in India, China, & Japan.
The region is the hub of electrical & electronics industries and thus witnesses a high demand for flame retardants. In addition, the biggest textile manufacturers, India & China, also drive the regional market, as flame retardants are used in fabrics to slow or stop the combustion process.
Due to the easy availability of low-cost labor, relatively lower production costs, and cost-effective products, the leading players worldwide see Asia-Pacific as an attractive market. Moreover, the rising building & construction activities in the emerging countries of the region are also creating new directions for the Asia-Pacific Flame Retardants Market to witness significant expansion in the coming years.
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