According to the report published by Next Move Strategy Consulting, the global flame retardant market generated USD 8.20 billion in 2021, and is projected to reach USD 13.60 billion by 2030, witnessing a CAGR of 5.9% from 2022 to 2030. The research offers an extensive analysis of changing market trends, detailed segmentation, top market players, and regional scenario.
Equipping the detailed analysis of each and every aspect of the flame retardants industry in 313 pages along with 176 tables and 146 figures, the report aims to provide a helpful source of information for leading players, investors, and startups take necessary steps to achieve sustainable growth and competitive advantage.
The report provides an extensive analysis of changing market trends of the global flame retardants market based on drivers, restrains, and opportunities. Increase in industrialization, rise in number of newly constructed commercial buildings, and surge in usage in panels, carpet, and flooring drive the growth of the global flame retardants market. However, health risks related to flame retardants including endocrine disruption, cancer, reproductive toxicity, and others restrain the market growth.
Highlighting the opportunities that enable the leading players raise the flame retardants market share in the coming years, the Lead Analyst for the Materials & Chemicals at Next Move Strategy Consulting, stated, “The development of environmentally-compatible fire extinguisher products and surge in demand from industries that produce vehicles, aircrafts, buildings, and others create new opportunities in the coming years.”
The report offers a detailed segmentation of the global flame retardants market based on type, application, end use industry, and geography. Based on type, the report further segments the market into phosphorus flame retardants, alumina tri-hydrate, antimony trioxide, brominated flame retardants, and others. By application, the report further classifies the market into unsaturated polyester resins, PVC, epoxy resins, polyolefins, rubber, and others. Based on end use industry, the report further segments the market into automotive & transportation, construction, electronics, and others (textile, aerospace, and adhesives).
Based on geography, the report further divides the global flame retardants market into North America, Europe, Asia-Pacific, and RoW. North America accounted for the highest market share in 2021, and is estimated to maintain its dominance throughout the forecast period. This is due to rise in fire safety regulations and the expansion in the construction activities of commercial buildings with proper fire safety measures. However, Asia-Pacific is projected to register the steady growth rate throughout the forecast period, owing to rise in urbanization and development of eco-friendly flame retardants.
The report analyzes each and every region based on segments and their sub-segments using tabular and graphical formats. This analysis is helpful in determining steps to be taken to raise the global flame retardants market size.
The report offers a detailed analysis of leading market players of the global flame retardants market. Leading players analyzed in the research include Broadview Technologies Inc., BASF SE, The Dow Chemical Company, Dover Corporation, Clariant Corporation, ICL Industrial Products, Akzo Nobel N.V., Nabaltec AG., Albemarle Corporation, and Lanxess AG. The report provide a detailed analysis of each market player based on business performance, top strategies and developments, and sales in terms of volume.
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